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Utility Costs Reduction Programme to Continue in the Winter, Ministry States

The Hungarian Ministry of Energy has confirmed that the reduced utility prices will remain in effect during the final quarter of 2024, ensuring that Hungarian households continue to enjoy the cheapest gas in Europe. By updating the relevant regulations, the…

FM Szijjártó: ‘Without Russian oil we will simply not survive’

‘If Hungary does not receive more oil from Russia, we will simply not survive; we will not be able to supply the country,’ Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó emphasized in an interview with the Russian TV…
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….

Hungary and Serbia Prepare to Build New Oil Pipeline

‘Hungarian-Serbian strategic energy cooperation is one of the guarantees that Hungary’s supply will remain secure in the next period,’ the minister said….

Péter Szijjártó Reaches Agreements in Moscow

The foreign minister emphasised right after winter, ‘in Europe, it is fashionable to strut about with great bravado these days,’ but the International Energy Agency recently issued an ‘ominous’ report indicating that the most severe difficulties are expected to come…
Nuclear,Power,Plant,At,Paks,,Hungary

The Solution for Cutting Gas Consumption in Hungary

With the expansion of the nuclear plant at Paks, the gas consumption of Hungary could be reduced to half….
Képernyőfotó 2022-07-05 - 10.17.07

The Approaching Food Crisis of the EU

The rashly introduced sanctions due to the raging war might push the European Union into a food crisis….
Képernyőfotó 2022-05-01 - 14.37.19

How Europe Embraces the Rouble

While the initial European position on the Russian energy threats seemed like a unanimous ‘No’, now – without no apparent short-term alternatives – more and more countries prepare to pay in roubles which will likely create tensions with those who…
be61dd2eec7d4baa909ce51fac7c462a-1280

The New Hungarian-Russian Natural Gas Supply Deal 2021–2036: Diversification and Redrawing of Gas Supply Routes

The agreement, which came into force on 1 October 2021, was signed by Russian Gazprom and Hungarian MVM group during Alexey Miller’s visit to Hungary, and will guarantee Hungary’s energy supply for the next fifteen years….

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