MOL Group CEO Zsolt Hernadi has questioned the course of European Union energy policy, arguing that the company’s strong performance is rooted in its refining capacity, logistics network, and retail presence rather than any dependence on Russian crude oil.
Hernadi criticized the European Commission’s goal of ending Russian natural gas imports by 2027, calling the target risky and insufficiently supported by data. He emphasized that MOL’s operations have moved well beyond reliance on low-cost Russian feedstock, with its strength now coming from integrated refining facilities, extensive pipelines and storage infrastructure, and a broad downstream network that together ensure energy security for the region.
He also warned against placing too much trust in long-term LNG contracts, noting that even agreements that appear reliable can fail to deliver under tight market conditions. According to Hernadi, recent policy decisions from Brussels risk undermining energy stability not only in Hungary but across central Europe, as measures shaped by ideology may overlook practical security requirements.
MOL, he said, is continuing its diversification strategy to secure multiple supply routes and sources. The company’s objective is to guarantee steady and predictable energy supplies to its markets regardless of global market volatility — a role Hernadi described as both a business imperative and a societal responsibility for a key player in central Europe’s energy sector.
