Hungary Oil and Gas Tenders

The Hungarian oil and gas market is a relatively small but important market in Central Europe. The country is heavily reliant on imports, with Russia being the main source of crude oil and natural gas. Hungary's oil and gas industry is dominated by a handful of large companies, including MOL Group, Magyar Villamosenergiai Müvek Zrt. (MVM), and Magyar Telekom Nyrt.
Market Size
Hungary's oil consumption is around 10 million tonnes per year (Mt/y).
Hungary's natural gas consumption is around 10 billion cubic meters (bcm) per year.
Production
Hungary produces a small amount of oil and gas domestically.
In 2020, Hungary produced 1.1 Mt of oil and 1.4 bcm of natural gas.
Imports
Hungary imports most of its oil and gas.
In 2020, Hungary imported 8.9 Mt of oil and 9.6 bcm of natural gas.
Exports
Hungary exports a small amount of refined petroleum products.
In 2020, Hungary exported 1.2 Mt of refined petroleum products.
Key Players
MOL Group is the largest oil and gas company in Hungary.
Magyar Villamosenergiai Müvek Zrt. (MVM) is the largest natural gas importer and distributor in Hungary.
Magyar Telekom Nyrt. is the largest telecommunications company in Hungary and also has a significant presence in the oil and gas sector.
Government Policy
The Hungarian government is committed to reducing the country's reliance on imported oil and gas.
The government is investing in renewable energy sources and is also exploring ways to increase domestic oil and gas production.

The Hungarian government procures a wide range of oil and gas products and services, including crude oil, natural gas, refined petroleum products, and oilfield services. The government spends around HUF 500 billion on oil and gas procurement each year.

The main oil and gas products and services procured by the Hungarian government include:
Crude oil
Natural gas
Refined petroleum products, such as gasoline, diesel, and kerosene
Oilfield services, such as exploration, drilling, and production

The top authorities for Hungary oil and gas procurement are:
The Ministry of Innovation and Technology (MIT)
The Hungarian Energy Authority (Magyar Energetikai Hivatal, MEH)
The Hungarian Competition Authority (Gazdasági Versenyhivatal, GVH)

The top winners of Hungary oil and gas procurement contracts include:
MOL Group
Magyar Villamosenergiai Müvek Zrt. (MVM)
Magyar Telekom Nyrt.
PKN Orlen
Eni

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