Energy in Hungary

[4] An EU exemption to sanctions, following the Russian invasion of Ukraine in 2022 allows Hungary to continue importing oil from Russia until December 2023.

Nabucco and South Stream gas pipelines were intended to reach Hungary and further to other European countries.

Hungary is a member of the European Union and thus takes part in the EU strategy to increase its share of the renewable energy.

[9] By 2030 wind should produce in average 26-35% of the EU's electricity and save Europe €56 billion a year in avoided fuel costs.

[10] The national authors of Hungary forecast is 14.7% renewables in gross energy consumption by 2020, exceeding their 13% binding target by 1.7 percentage points.

Hungary is the EU country with the smallest forecast penetration of renewables of the electricity demand in 2020, namely only 11% (including biomass 6% and wind power 3%).

In 2022 Hungary published a Recovery and Resilience Plan outlining a total of HUF 2,300 billion (ca.

EUR 6 billion) for strategic development projects with the energy sector,[12] which may result in additional wind farms being built.