Energy

Foreign firms involved in gas exploration in Hungary

JKX Oil and Gas has found gas in the Hungary’s Pannonian Basin.


Energy Office Proposes 11 pct Rise in Price of Gas for Retail Consumers - Newspaper

The business daily Napi Gazdasag said August 11th 2008, that it had information of the Hungarian Energy Office (MEH) having proposed that the price of retail gas be raised 11 pct on October 1st 2008.

 


Bukk National Park Receives EUR 5.1 million in Development Grants

The Bukk National Park in northeast Hungary has signed a contract for EU and state development funding of HUF 1.2 billion.

 


OMV Revokes Declaration of Intent to Merge With MOL

Austrian oil company OMV announced on August 6th 2008, that it had revoked its intention published on September 25th 2007 to make an offer to MOL shareholders of HUF 32,000 (EUR 136) per share.

 


MOL Sets up Geothermal Energy Company With International Partners

Hungarian oil and gas company has set up a geothermic energy producing company with Icelandic company Enex and Australian company Green Rock Energy International.


INA Board Terms MOL Offer "Acceptable"

The board of Croatian oil company INA has taken a stand on a public offer made by Hungary's MOL on all outstanding INA shares except those held by the Croatian state, and found it "acceptable".

 


Specialists Predict Price of Electricity to Rise in Hungary Over Short- And Mid-Term

Power-industry specialists and officials participating in a Magyar Elektrotechnikai Egyesulet (Hungarian Electricity Association) conference predicted that the price of electricity would continue to rise.


MOL Sets up Geothermal Energy Company With International Partners

Hungarian oil and gas company has set up a geothermic energy producing company with Icelandic company Enex and Australian company Green Rock Energy International, MOL announced on the website of the Budapest Stock Exchange on July 30th 2008. The joint venture, CEGE Central European Geothermal Energy Production Private Company will have even shares held by the three founders.


News Monitoring