Hungary has awarded hydrocarbon exploration concessions for three areas as the country seeks to strengthen domestic energy production and reduce its dependence on foreign energy supplies, the Ministry of Economy and Energy of Hungary has stated in a press release, according to MTI.
State-owned MVM Upstream Energy secured exploration rights in the Baracska area, while MOL Upstream, the upstream division of Hungary’s largest energy company, won concessions near Békéscsaba and in Nagylengyel-Nyugat, Ceenergynews.com reports. Bids for four additional blocks included in the tender failed to produce any successful applicants.
The successful bidders will be granted the right to explore for and produce crude oil and natural gas for a minimum of 20 years. The ministry expects the concession agreements with the winners to be finalized within 90 days. Hungary currently has 11 active hydrocarbon exploration areas across the country.
The latest figures indicate that domestic energy production continues to make a significant contribution to Hungary’s supply. In the first six months of 2026, the country produced 962,000 cubic metres (34,000 cubic feet) of natural gas and 576,000 metric tonnes of crude oil.
Annual domestic oil output is expected to exceed 1 million metric tonnes, while natural gas production reached almost 2 billion cubic metres (70.6 billion cubic feet) in 2025, covering more than 60 per cent of residential demand.
The new concessions are therefore intended to further strengthen Hungary’s domestic energy resources and help reduce the country’s reliance on imported hydrocarbons.
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