E.ON Inaugurates HUF 35 Billion Gas Store in Hungary

The Hungarian unit of German utilities giant E.ON on December 1 inaugurated a HUF 35 billion gas store with capacity for 2.1 billion cubic meters, making it the biggest gas store in Central and Eastern Europe.


International news sources report on Hungarian economy and business.

British Petrol Opens Service Center in Budapest

Philip Whelan, Head of the European Service Centers said that Hungary is attracting companies from the international arena by a well-educated labor force.

E.On Seals Gas Supply Agreement with Srbijagas

E.ON Földgáz Trade has signed a gas supply agreement with Serbian gas company Srbijagas on October 29.

Falcon Oil and Gas Completes Joint Exploration Program in Hungary—MTI-ECONEWS

Denver-based Falcon Oil and Gas said on Monday it had completed a joint gas exploration program in Hungary's Mako Trough with ExxonMobil and Hungarian oil and gas company MOL.

Genesis Energy Launches Solar Panel Project in Spain

Genesis Energy is about to choose a company in Spain to build its solar plants.

Hungary Parliament Ratifies Nabucco Intergovernment Agreement (MTI-ECONEWS)

The intergovernment agreement was signed by Hungary, Austria, Romania, Bulgaria and Turkey in July 2009.

Spa Town Decides to Set Up JV With Geothermal Energy Company PannErgy

Alternative energy company PannErgy on October 12 announced that local officials of Hajduszoboszlo (E Hungary) decided to set up a power plant jointly with PannErgy to harness geothermal energy for district heating and electricity.


International news report on Hungarian business and politics.

Hungary Inaugurates 1.2 Billion-Cubic-Metre Strategic Gas Reserve (MTI-ECONEWS)

In addition to the reserve, built on an old gas field, the government sees the construction of the Nabucco pipeline.

News Monitoring