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Activists hold a silent protest inside the COP29 venue to demand that rich nations provide climate finance to developing countries, during the United Nations Climate Change Conference (COP29) in Baku on November 16, 2024. (Photo by Laurent THOMET / AFP)

Why COP29 Will Likely Fall Short of Expectations

‘Ultimately, COP29 will likely reaffirm what we’ve long known about global climate diplomacy: nations, despite their collective rhetoric, will prioritize their own interests. For wealthier countries in the Global North, the climate agenda offers an opportunity to entrench their geopolitical…

MOL Group Finalizes Natural Gas Extraction Agreements in Azerbaijan

After months of negotiations MOL Group has finalized commercial agreements with its joint venture partners, Azerbaijani SOCAR and British BP, for the extraction of natural gas reserves in Azerbaijan. This positions the Hungarian oil and gas company as the third-largest…

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…
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…

Ukraine to Shut Down Druzhba Oil Pipeline in January?

According to Ukrainian presidential advisor Mykhailo Podolyak, Kyiv plans to shut down the Druzhba oil pipeline starting from 1 January 2025. This pipeline is a key route through which Russian oil reaches Europe, including Hungary, Slovakia, and the Czech Republic….

Ukraine Refuses to Renew Gazprom Contract, Raising New Concerns Over Hungarian Energy Security

Ukraine’s decision not to renew its contract with Gazprom has raised concerns in many about how Russian gas will reach Europe in the future. Kremlin spokesman Dmitry Peskov indicated that Russia could still meet European customers’ needs through the Turkish…

Bulgaria Offers Help for Hungary Amid Ukraine Oil Transit Dispute

Bulgaria has offered to help maintain Hungary’s energy security if Ukraine does not resume Russian Lukoil oil shipments to Hungary in the near future. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó called Sofia’s offer a sincere gesture of…

Meaningful Turkic Alternative to Hungarian Russian Gas Imports Emerges This April

The Eastern Opening policy has greatly enhanced Hungary’s ability to diversify its natural gas import sources and the commencement of Turkish natural gas deliveries on April 1st, 2024, will amplify this policy’s effectiveness. For further diversification, there’s an emphasized need…
Turkish Ambassador to Hungary Gülşen Karanis Ekşioğlu.

‘Turkey and Hungary Enjoy Exceptionally Good Relations’ — An Interview with the Turkish Ambassador to Hungary

While Turkish–Hungarian relations are based on mutual interests, Ankara regards Hungary as a strong ally, and a country that is linked to Turkey by a sense of kinship, according to Turkish Ambassador to Hungary Gülşen Karanis Ekşioğlu….

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….

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