Tag Archives: hungary
Explosion at MOL petrochemical site in Tiszaujvaros kills one, injures nine during restart work
An explosion at MOL Petrolkemia’s Olefin 1 facility in Tiszaujvaros during restart-related activities has killed one person and injured nine others, including one in critical condition.…
Hungary’s strategic oil reserves near expiry could reignite fuel price pressure amid global market risks
Hungary’s access to allocated strategic petroleum reserves runs only until 30 June unless the mechanism is extended, raising the risk that distributors will face higher costs…
Serbia awards contract for strategic oil pipeline to Hungary, targeting supply diversification
Serbia’s Transnafta has awarded a contract for the planned Serbia–Hungary oil pipeline to a consortium led by MVM Juzna Backa after a tender process was suspended…
Hungary taps strategic emergency fuel reserves to curb domestic price and supply risks
Hungary will release 150 million liters of 95-octane gasoline and 425 million liters of diesel from its strategic emergency reserves, selling the volumes only inside the…
Serbia edges toward Hungary oil pipeline deal, boosting crude supply optionality
Serbia’s state pipeline operator Transnafta has proposed awarding a contract for a new Horgoš–Novi Sad oil pipeline to a consortium led by MVM Južna Bačka, valued…
MOL to add biomethane capacity at Szarvas, targeting grid injection by end-2026
MOL Group plans to build a new biomethane unit at its Szarvas site in Hungary, upgrading biogas to grid-quality gas for direct injection into the national…
Hungary’s political shift could force Serbia to rethink how it gains access to Paks 2 power
Hungary’s incoming leadership says it will revisit the financing, economics and implementation conditions of the €12.5 billion Paks 2 project, adding uncertainty for Serbia’s long-discussed ambition…
Hungary to reassess Paks II nuclear expansion as new government seeks transparency under EU scrutiny
Hungary’s new administration has announced a broad review of the long-delayed €12.5 billion Paks II project, including its financing structure and contractual obligations. The move comes…
Hungary power market: HUPX day-ahead prices fall in April 2026 as demand and volumes soften
Electricity prices on Hungary’s HUPX day-ahead market averaged €96.55/MWh in April 2026, down 17.8% from March, alongside lower trading volumes. Intraday activity edged up slightly, while…
MOL Group Q1 2026 profit drops 61% as supply disruptions and regional fuel price controls bite
MOL Group reported first-quarter 2026 pre-tax profit of $212 million, down 61% year on year, citing crude delivery instability and government pressure on fuel margins. The…