Hungarian energy company MVM plans geothermal exploration near Kiskunhalas with an investment of about HUF 8 billion, aiming to assess resources for future energy use.
Hungarian state-owned energy company MVM has announced plans to undertake geothermal exploration near the city of Kiskunhalas in southern Hungary. Local media report that the investment will total close to HUF 8 billion (around EUR 21 million) and aims to determine whether geothermal resources in the area could support future energy projects.
The initiative includes the drilling of several deep wells to map subsurface conditions and assess the viability of geothermal fluid extraction. The company states that the work is still in an exploratory phase and that any future development would depend on drilling results and environmental assessments.
Exploration to test geothermal potential
According to Hungarian press reports, MVM intends to drill at depths sufficient to confirm thermal water availability and reservoir characteristics. The exploratory programme will evaluate temperature, flow rate, and long-term sustainability to determine potential use cases, which may include heating or power generation.
Officials noted that Hungary’s geothermal geology offers opportunities for renewable heat development, particularly in regions where thermal water resources are already used in district systems, agriculture, or industry. The Kiskunhalas area has existing thermal wells, but deeper geothermal potential remains largely unexplored.
Strategic interest in geothermal energy
The project aligns with Hungary’s broader interest in expanding domestic renewable energy sources and reducing reliance on imported fuels. Geothermal resources are seen as an opportunity to diversify local energy supply, especially for heating.
MVM has stated that careful planning, environmental protection, and community engagement will form part of the exploration process. Any decisions on a full geothermal development would follow once drilling data becomes available.
Local authorities and stakeholders will be involved throughout the project, according to media reports. Timelines for drilling and evaluation have not yet been finalised.
Source: Szegeder