Hungary will not agree to EU gas price cap, will need exemption
Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding that if Continue Reading
Only One EU Member Is Still Receiving Russian Natural Gas
Three of four pipelines delivering Russian natural gas to Europe are now offline. Hungary is the only member of the European Union still receiving natural gas from Russia. Hungarian Prime Continue Reading
Gazprom ramps up gas flows to Hungary via Turkstream pipeline, official says
Russia’s Gazprom (GAZP.MM) has ramped up flows to Hungary via the Turkstream pipeline that brings gas to Hungary via Serbia, a Hungarian foreign ministry official said on Saturday. European Union Continue Reading
Hungarian Refiner Pays Russia’s Transit Fee to Restart Oil Flows
Hungary’s biggest refiner said it has paid Russia’s transit fee to Ukraine to resolve a dispute that has led to a halt in oil flows to central Europe. Mol Nyrt., Continue Reading
‘Best we could get’: EU bows to Hungarian demands to agree Russian oil ban
European Union leaders handed Hungary concessions to agree an oil embargo on Russia over its invasion of Ukraine, sealing a deal in the wee hours on Tuesday that aims to Continue Reading
EU cracks widen over Ukraine as Italy, Hungary urge truce
taly and Hungary have urged the EU to call explicitly for a ceasefire in Ukraine and peace talks with Russia, putting themselves at odds with other member states determined to Continue Reading
Hungary Imposes Windfall Tax On Energy Companies
A day after declaring a state of emergency, Hungarian leader Viktor Orban said on Wednesday that big companies operating in the country, including energy companies, would be forced to turn Continue Reading
Hungary must work with EU on Russian oil embargo – German economy minister
German Economy Minister Robert Habeck has warned Hungary against blocking efforts to impose a European Union-wide embargo on Russian oil imports in response to the war in Ukraine. “There are Continue Reading
Hungary needs EU cash to diversify energy supply, Poland says
Hungary needs European Union funds to be unlocked to diversify its energy supplies, Poland’s president said on Tuesday, offering some support to a country that has blocked a proposed EU Continue Reading
EU ministers fail to persuade Hungary to sign up to Russian oil embargo
EU foreign ministers failed on Monday in their effort to pressure Hungary to lift its veto of a proposed oil embargo on Russia, with Lithuania saying the bloc was being Continue Reading