2025-06-03 06:40:00
RUSSIAN NUCLEAR FOR EUROPE
N - May 28, 2025 - Hungarian Foreign Minister Péter Szijjártó, in a Ministry statement on his Facebook page, said European Commission plans to ban the purchase of nuclear fuel elements from Russia “would have tragic consequences not only for Hungary but for the whole of the European energy market, too”. He added that prices would sky-rocket and have a deleterious effect on Europe’s economy.
“Today, Europeans pay two to three times more for electricity and four to five times more for natural gas than their counterparts in the United States or China,” he said. “Obviously you can’t build a competitive economy this way…. But there’s still a chance to prevent these Brussels plans” by responding to the government’s Vote 2025 survey on the question of Ukraine’s EU accession, he said. “It’s time to stop this Brussels plan to support Ukraine while increasing the utility bills of Hungarian families several times over,” he added. He noted that several central European countries have nuclear plants that use Russian technology and operate exclusively with Russian-made fuel elements.
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Earlier:
2025, May, 13, 06:40:00
EUROPE WITHOUT RUSSIAN ENERGY
"Despite the significant progress achieved under the REPowerEU Plan and via sanctions since Russia's invasion of Ukraine, in 2024 the EU saw a rebound in Russian gas imports," the EC said. "More coordinated actions are therefore needed, as the EU's overdependency on Russian energy imports is a security threat."
2025, April, 16, 06:35:00
RUSSIAN GAS FOR EUROPE ANEW
The French state partly owns Engie, which used to be among the biggest buyers of Gazprom's gas. Holleaux said Russia could supply around 20-25% of EU needs, down from 40% before the war.
2025, April, 8, 06:25:00
RUSSIAN GAS FOR SLOVAKIA
Gazprom began supplying gas to Slovakia again at the beginning of February, using volumes given up by Hungary on the TurkStream pipeline, SPP said last month. Volumes were due to double from April, but no amounts were given.
2025, March, 27, 06:55:00
RUSSIAN ENERGY FOR HUNGARY
Hungary has gone the other way, leveraging its ties to Moscow for economic gain. It carved out exemptions from under EU sanctions on Russian oil and doubled down on natural gas purchases from Russia. Hungary is also pressing on with the Russia-led expansion of its sole nuclear power plant.
2025, March, 27, 06:50:00
EUROPEAN GAS PRICES DOWN
Lower LNG demand from China is also providing near-term relief for European buyers competing for shipments. The Asian country’s purchases are forecast to fall this year for the first time since 2022,
2025, March, 19, 06:50:00
RUSSIAN GAS FOR EUROPE ANEW
There have also been reports that Nord Stream 2 could be taken under new ownership with a view to allowing Russian gas to flow via the undamaged string of the link.
2025, March, 7, 06:40:00
RUSSIAN GAS FOR EUROPE
While pipeline gas supplies from Russia cover less than 5% of Europe’s fuel needs after most major routes have been closed since 2022, the nation remains the second largest supplier of LNG to the EU. Purchases hit a record last year, with Spain, France and Belgium being the biggest buyers.
2024, July, 30, 06:35:00
RUSSIA,HUNGARY NUCLEAR PROJECTS
The Paks II project was launched in 2014 by an inter-governmental agreement between Hungary and Russia for two VVER-1200 reactors (units 5&6) to be supplied by Rosatom. The contract was supported by a Russian state loan to finance the majority of the project.
