Europe: Fossil fuel and...

Brent oil futures for the Front Month on the ICE market declined in...

Europe: Electricity prices drop...

In the fourth week of July, average electricity prices declined in most major...

Europe: Electricity demand declines...

During the week of July 21, electricity demand decreased in most major European...

European renewable energy trends:...

During the week of July 21, solar photovoltaic energy production declined across the...
Supported byClarion Energy
HomeSEE Energy NewsHungary exceeds gas...

Hungary exceeds gas storage targets, ensuring energy security for winter

Hungary’s gas storage facilities are currently holding 6 billion cubic meters of gas, exceeding the country’s target level of 90% capacity, according to the Hungarian Ministry of Energy. This volume is double the amount of gas used by Hungarian households in the previous year.

As part of European Union requirements, Hungary was mandated to fill its gas reserves to 90% capacity by November 1, a goal the country achieved ahead of schedule in early autumn. In addition to this, Hungary has successfully reduced its gas consumption by 20% for two consecutive years, compared to the average consumption levels of the previous five years.

With this achievement, Hungary is well-positioned to meet its energy needs, with annual gas consumption in 2024 expected to stay below 8 billion cubic meters, ensuring greater energy security heading into the winter months.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: Fossil fuel and carbon markets show mixed signals amid supply shifts and economic uncertainty

Brent oil futures for the Front Month on the ICE market declined in most sessions during the fourth week of July, marking the second consecutive week of losses. The only exception was Thursday, July 24, when the settlement price...

Europe: Electricity prices drop across most European markets in late July amid lower demand and rising wind output

In the fourth week of July, average electricity prices declined in most major European markets compared to the previous week. Exceptions included the EPEX SPOT markets of the Netherlands and Germany, as well as the Nord Pool market covering...

Europe: Electricity demand declines amid cooler weather during third week of July

During the week of July 21, electricity demand decreased in most major European electricity markets compared to the previous week. The most significant declines were observed in the Spanish and Belgian markets, with drops of 7.3% and 6.7%, respectively....
Supported byVirtu Energy
error: Content is protected !!