Europe · HUN
Hungary
Paks nuclear and a long Russian gas contract. Battery and auto load is arriving.
Oil production
0.0 mb/d
0.2 mb/d demand
Net oil
-0.1 mb/d
Import gap
Gas production
2 bcm
Net -8 bcm
O&G rent
0.3%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.0 mb/d
Consumption0.2 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production1.5 bcm
Consumption9.5 bcm
Proven oil
0 bn bbl
Gas reserves
0.0 tcm
Refining
0.0 mb/d
LNG
No LNG
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil32%
- Gas68%
Economy
Druzhba and TurkStream still matter to Budapest. New Paks units are a 2030s politics.
- GDP
- $0.2 tn
- Population
- 9.6 m
- Oil intensity
- 0.3 bbl /$1k
- Oil & gas rent
- 0.3% GDP
- Hydrocarbon trade
- 4.2% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -6.8 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.1 mb/d (net -0.1) versus NZE 0.1 mb/d (net -0.1).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.2 | 0.1 | 0.1 | 0.1 |
| Net Zero 2050 | 0.2 | 0.1 | 0.1 | 0.0 |
| Current Policies | 0.2 | 0.1 | 0.1 | 0.1 |