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Hungary targets agreement on Russian NIS stake by 11 December 2026

Hungary expects talks over the sale of Russian ownership in Serbian oil company NIS to reach an agreement by 11 December 2026, with MOL identified as a potential buyer. The transaction remains subject to sanctions clearance and regulatory approvals.

MOL biomethane facility at Szarvas replaces over 7 million cubic metres of gas annually

Commissioning and output replacing fossil gas MOL Group has commissioned a biomethane production facility at Szarvas after an investment exceeding €7 million. The project expands...

MOL negotiations for controlling stake in Serbia’s NIS continue under OFAC authorisation

MOL said talks to acquire a controlling stake in Serbia’s NIS are still active, rejecting reports that discussions with the company’s Russian shareholders have...

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...

Latest news

Winter forecast puts Southeast power prices at €160 to €295/MWh

Southeast European electricity prices could ease in Q4 2026 and Q1 2027 if nuclear capacity returns and hydro inflows improve. Gas costs and transmission constraints are expected to sustain premiums during tight periods.

Romania’s 700 MW reactor return set for 6 November

Cernavodă Unit 1 is scheduled to resynchronise on 6 November after more than three months offline. Its availability, alongside other reactor restarts and outages, will shape winter import needs and power prices across Southeast Europe.

Montenegro hydro output drops 36.3% as Balkan supply risks rise

Drought is reducing hydroelectric output and constraining nuclear generation across the Balkans, increasing exposure to electricity imports. The pressure highlights the role of diversified generation, storage and interconnection.

Western Balkan power trade recovers as spreads exceed €20/MWh

Western Balkan electricity trade with the European Union recovered from the second quarter but remained below year-earlier levels. Wider price spreads, weaker convergence and CBAM costs are complicating cross-border sales.

Romania imports power for 21 hours as nuclear outages persist

Romania imported electricity for 21 of 24 hours on 3 November despite renewables supplying around two-thirds of generation. Reactor restart prospects and the cost and timing of grid connections will shape supply and new project economics.