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Vladimir Putin attends the plenary session of the 7th International Forum Russia's Energy Week in Moscow on 26 September 2024.

Hungary’s Trade with Russia Is Transparent, Unlike that of Other EU States

A recent study by the Center For the Study of Democracy and the Centre for Research on Energy and Clean Air that focuses on the Czech Republic and a multinational company, Orlen Unipetrol, since 24 February 2022 Czechia has spent…
View of Ashgabat from the Arch of Neutrality (Wikimedia Commons)

EU Gas Supply Diversification to Be Enhanced by Hungary–Turkmenistan Deal

As Hungary holds the presidency of the Council of the EU, it can leverage its influence to set the EU’s agenda in favour of increased imports of Turkmen gas, presenting it as a strategic and cost-effective alternative to Russian energy…

Hungary Outperforms EU Gas Consumption Reduction Targets for Second Consecutive Year

According to the Hungarian Ministry of Energy, Hungarian gas consumption, similarly to the previous cycle, decreased by a fifth in the last period observed, outperforming the compulsory target prescribed for EU member states….

Reduction in Gas and Electricity Consumption in Hungary in 2023

Approximately 8.5 billion cubic metres of gas was used, indicating a decrease of 1 billion cubic metres, or 10.9 per cent, compared to the 2022 level, and a substantial 2.5 billion cubic metres, or 23 per cent, reduction compared to…

Gazprom Increases Gas Deliveries to Hungary and China, Seeking New Markets

Gazprom is making efforts to compensate for the losses in the European markets, which occurred following the Russian invasion of Ukraine, partly due to the explosions in the Baltic Sea pipelines of the Nord Stream project….

Hungary and Serbia Outraged at New Tax on Import Gas by Bulgaria

The National Assembly of Bulgaria passed a new, €10.2 per megawatt-hour tax on Russian gas coming through the TurkStream pipeline. President Aleksandar Vučić of Serbia and Foreign Minister Péter Szijjártó of Hungary have condemned the decision….

Hungarian Construction Companies Help Rebuild Azeri Region, Minister Szijjártó Announces

The Foreign Minister stressed the importance of Azeri-Hungarian cooperation, which he claims has greatly helped Hungary in energy security in the past decade, and called on Brussels to ‘do more than nudging’ to help member states diversify their energy sources….
Péter Szijjártó (R) and his Azeri counterpart in Budapest on 4 September 2023.

Szijjártó: Brussels Lost Every Right to Tell Hungary where to Buy Gas From

‘Since the European Union currently refuses to contribute to the financing, Brussels has lost any right to intervene in where Central European countries, including Hungary, source their natural gas from,’ Péter Szijjártó stated….
Power plant - illustration.

Bidding Phase of Two New Hungarian Power Plants to Begin Soon

The ministry emphasised that combined cycle gas turbine power plants can be built relatively quickly, have exceptionally high efficiency, low specific carbon dioxide emissions, and their capacity can be adjusted to consumption levels….

Viktor Orbán Advocates for Peace, Promotes Economic Ties in Qatar

The Prime Minister travelled to Doha on Sunday, where he is taking part in an official visit upon the invitation of Qatar’s Prime Minister and delivered a speech at the Qatari Economic Forum upon the invitation of the Qatari Emir….

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