MVM

Hungary: MVM launches construction of 540 MW gas-fired power plant in Matra region

Hungary’s state-owned energy group MVM has begun construction of a new combined-cycle gas turbine (CCGT) power plant in the Matra region. Designed to produce 540 MW, the facility is scheduled for completion in 2028 and will play a significant role in ensuring the country’s electricity supply. The project follows a procurement process launched in 2023 […]

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Hungary: MOL and MVM forge strategic oil partnership to strengthen Central Europe’s energy security

MOL Group and MVM Group have launched a strategic oil trading partnership aimed at expanding and stabilizing energy supply for Central Europe, particularly for landlocked countries like Hungary and Slovakia. The collaboration seeks to increase the volume of non-Russian crude processed in MOL’s refineries by up to 160,000 tons annually, contributing to regional diversification goals.

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