48%
of nuclear in the power mix (2019)
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This analysis includes a comprehensive Hungary energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
48%
of nuclear in the power mix (2019)
2025
phasing-out of coal power capacity
80%
share of Russia in natural gas imports
Abstract
Institutions & Energy Policy
The State Secretariat for Energy and Climate Policy within the Ministry of Innovation and Technology oversees energy and climate policies.
Created in 1994, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) is the independent body in charge of regulating the electricity and gas sectors.
Energy Companies
Oil:
MOL (State 15.24%, Maecenas Universitatis Corvini Foundation 10%, MOL Investment 8,08%, Oman Oil 7.14%)is the national oil company; its activities range from exploration-production to refining and distribution. MOL owns a 49% share in the Croatian oil company INA.
Energy Supply
Gas:
Gas production is decreasing rapidly and reached 1.7 bcm in 2020 (4.9 bcm in 1990 and 2.9 bcm in 2010). This production represents around 1/4 of its gas needs. According to preliminary data, gas production decreased by 12% in 2021.
Energy Prices
Gas:
Since 2013, gas prices for households and industry have been decreasing by 6%/year and 5%/year on average, respectively. In 2021, gas prices for households kept decreasing (-3%), whereas gas prices for industry soared (+82%) after a low point in 2020.
Hungarian gas prices are much lower than the EU average (21% below for industry and 52% below for households in 2019).
Energy Consumption
Energy consumption per capita is 2.7 toe (13% below the EU average), including 4 200 kWh of electricity (24% below the EU average) (2019).
Total energy consumption decreased by 1.7%/year from 2018 to 2020 after a period of rapid growth between 2014 and 2018 (+4%/year).
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Gas:
Gas production is expected to fall on a regular basis. According to ENTSOG's projections, gas demand should decline by 0.5%/year between 2020 and 2035 (and even by1-1.5%/year in more renewable-oriented scenarios).
Below is a list of the Hungary energy market report graphs:
In the Hungary energy market report you will find the following tables:
The Hungary energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Hungary country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Hungary country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Hungary country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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