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MOL completes €49.6 million AV-3 rebuild for staged October restart

MOL has completed a €49.6 million reconstruction of the AV-3 crude distillation unit at its Danube refinery. The work is intended to prepare the...

MOL hybrid energy hub at Algyő: €59.4m solar and 20 MW/40 MWh storage

Hungary’s MOL has commissioned a €59.4 million solar-and-storage complex at its Algyő oil and gas site. The project is designed to convert part of...

MOL nears talks to buy Russian-controlled stake in Serbia’s NIS

Hungarian energy group MOL is moving closer to a transaction in the Western Balkans, with talks to acquire the Russian-controlled majority interest in Serbian...

JANAF and MOL set 2026 take-or-pay for 2.05 million tonnes crude oil

Croatian pipeline operator JANAF and Hungary’s MOL Group have formalised a take-or-pay arrangement for the transportation of 2.05 million tonnes of crude oil in...

MOL fined €122,000 by Hungary’s central bank for delayed Druzhba disclosure

Hungary’s central bank has imposed a €122,000 fine on oil and gas group MOL for failing to promptly disclose information linked to a disruption...

MOL and Serbia outline NIS governance framework if MOL buys Gazprom Neft stake

MOL Group and the Government of Serbia have signed a shareholders’ agreement covering the future governance structure of Naftna industrija Srbije (NIS) under a...

Latest news

SEE power markets remain exposed to gas supply risks ahead of winter

Southeast European power markets entered the final part of September with lower electricity demand and sharply reduced gas-fired generation, while exposure to gas supply...

Italy and Croatia see higher LNG inflows as Greek receipts decline

LNG inflows increased in Italy and Croatia during the week to 20 September, adding to imported gas availability as European markets prepared for the...

Croatia’s renewable output plunges as hydro gains fail to offset rising power imports

Croatia recorded a 54.3% decline in variable renewable generation in the week to 20 September, marking one of the steepest drops in the region,...

SEE wind and solar output falls faster than electricity demand

Southeast Europe’s variable renewable electricity generation declined faster than power demand in the week ending 20 September, limiting the downward pressure on electricity prices...

SEE gas-fired power generation drops 13.6% as coal output edges higher

Gas-fired electricity generation across the Southeast European markets covered fell 13.60% in the week ending 20 September, declining at more than twice the rate...