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Balkan Companies Signed the Vertical Corridor MOU
National gas transmission system operators (TSOs) of Bulgaria, Greece, Romania, and Hungary signed a memorandum of understanding on the implementation of a Vertical Gas Corridor…
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Update: UK Imports 1st US LNG
Update: The first US LNG cargo in over 50 years, aboard Maran Gas Mystras, arrived July 8 at the UK's Isle of Grain import terminal; the ship departed the next day; our…
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Hungary Wants Tie-in to Gazprom's Turkstream
Hungary has signed accords with Gazprom to link into the 31.5bn m3/yr Turkstream gas pipe project which the Russian giant recently began building. “The new natural gas…
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Croatia, Hungary Sign MoU To Boost Gas Flows
Croatia and Hungary signed a memo of understanding (MoU) June 20 to facilitate two-way flows of gas at all their interconnection points with EU states. The agreement comes at a…
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KMG Buys MOL Interest for $1
KazMunaiGas Exploration Production (KMG EP), the subsidiary of state-owned KMP, said June 16 it has acquired a 49% share in Karpovskiy Severniy exploration block in western…
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Hungary Should Free Up Storage, says IEA
The International Energy Agency (IEA) has said that the Hungarian government should facilitate use of its “abundantly available natural gas storage capacity by companies…
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OMV, Gazprom Discuss Black Sea LNG
Gazprom and OMV signed documents June 2 at the St. Petersburg International Economic Forum (Spief) to further develop their strategic partnership, including one on a small-sca…
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Hungary's Mol 1Q Profits up 24%
Hungary’s Mol said May 5 that its net 1Q profit increased by 24% year-on-year to $323mn. Pre-tax earnings (Ebitda) were up 21% at $614 mn, and included upstream’s…
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MOL Ups Output, Struggles Downstream
Hungarian energy firm MOL produced 6% more oil and gas in full year 2016 than in 2015, at 112,000 barrels of oil equivalent/day and enjoyed higher oil and spot gas prices than in…
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Ascent Happy with Slovenia Flow Test
London AIM-listed Ascent Resources said January 30 that a flow test on its PG-10 well in northeast Slovenia “exceeded management's expectations”. The maximum…
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Brits Feel Most at Home with Gas
Almost half of all Germans believe it would be desirable to use solar energy for space heating at home, according to a ‘Living in Europe’ study by Kantar Emnid…
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Ascent Expects First Gas to Croatia in 1Q
London AIM-listed Ascent Resources says it is on schedule to deliver first gas from its Petisovci project in the northeast corner of Slovenia by March 2017, thereby satisfying a…
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Hungarian MOL Wins All Fourth Round Blocks
Hungary's ministry of national development announced the results of its fourth tender for oil and gas concession areas in Hungary and there was only one winner: state producer MOL.…
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Hungary to Select Winners of 2016 Round
2016 heralded the fourth tender for oil & gas concession areas in Hungary (2016 Bid Round), the details of which were published in the EU Official Journal in June 2016. The…
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Alpiq to Sell Budapest CCGT
As part of its strategy of divesting non-core assets, Swiss utility Alpiq said September 22 it plans to sell its Csepel II gas-fired 403-megawatt combined cycle power plant in…
