Montenegro plans 4 GW in renewables, seeks stronger energy ties with Italy Read More »

Montenegro plans 4 GW in renewables, seeks stronger energy ties with Italy

Montenegro has plans to develop solar and wind energy projects totaling 4,000 MW, according to Admir Šahmanović, Minister of Mining, Oil and Gas and the Coordinator of the Ministry of Energy. Speaking at the Economic Dialogue Montenegro-Italy round table, Šahmanović emphasized the need for stronger bilateral cooperation in the energy sector and highlighted Montenegro’s strong […]

Region: Greece highlights importance of gas interconnector with North Macedonia for European energy resilience Read More »

Region: Greece highlights importance of gas interconnector with North Macedonia for European energy resilience

Dimitris Skalkos, Secretary General for International Economic Affairs at the Greek Ministry of Foreign Affairs, emphasized the strategic significance of the upcoming gas interconnector with North Macedonia, stating it will bolster the resilience of Europe’s energy system. His remarks were made during the 11th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the

Romania: Petrol proposes increased dividend amid record profits in 2024 Read More »

Romania: Petrol proposes increased dividend amid record profits in 2024

Slovenian energy company Petrol has proposed a gross dividend of €2.10 per share for the 2024 financial year, marking an increase of €0.30 compared to last year. The proposal, approved by the company’s Supervisory Board, will be presented for shareholder approval at the upcoming general assembly scheduled for the end of May. The dividend increase

Romania: TenarisSilcotub completes $21.5 million solar power plant to boost sustainable steel production Read More »

Romania: TenarisSilcotub completes $21.5 million solar power plant to boost sustainable steel production

TenarisSilcotub, Romania’s top producer of small-diameter seamless pipes, has finalized the construction of a 20 MW solar power plant, marking a key milestone in its sustainability strategy. The $21.5 million project was funded through the company’s own resources and non-repayable European grants via the National Recovery and Resilience Plan. The electricity generated by the new

Greece to launch offshore oil and gas exploration tender near Crete following Chevron interest Read More »

Greece to launch offshore oil and gas exploration tender near Crete following Chevron interest

Greece is preparing to open a tender for offshore oil and gas exploration in the waters south of Crete by the end of April, Energy Minister Stavros Papastavrou announced at the 10th Delphi Economic Forum. The move follows a formal expression of interest from U.S.-based energy giant Chevron. Minister Papastavrou stated that the first government

Croatia secures €125 million in grants for energy infrastructure and LNG expansion projects Read More »

Croatia secures €125 million in grants for energy infrastructure and LNG expansion projects

Croatia has signed contracts totaling €125 million in non-refundable grants for two key energy initiatives under its National Recovery and Resilience Plan. These projects focus on the modernization and digital transformation of the national electricity transmission system, and the expansion of the liquefied natural gas (LNG) terminal on the island of Krk. The larger of

Bulgaria: Energy Minister highlights regional gas infrastructure and cooperation to boost energy security Read More »

Bulgaria: Energy Minister highlights regional gas infrastructure and cooperation to boost energy security

At the Delphi Economic Forum in Greece, Bulgarian Energy Minister Zhecho Stankov underscored the strategic importance of maximizing the use of existing gas infrastructure to enhance energy security across the region. He revealed that Bulgaria is close to sealing an agreement with Shell for natural gas exploration in the Black Sea, reflecting growing international interest

Bosnia and Herzegovina: ERS sees surge in electricity exports amid hydropower boos Read More »

Bosnia and Herzegovina: ERS sees surge in electricity exports amid hydropower boos

Luka Petrović, Director of Bosnia’s state-owned power utility ERS, reported a significant rise in electricity exports over the past month—a trend he expects to continue. The increase comes thanks to recent rainfall that greatly enhanced hydroelectric output, especially from the Drina and Vrbas hydropower plants (HPPs). This influx of water also helped replenish the Bileća

Region: SEE electricity market sees price drop and decline in demand in Week 14 of 2025 Read More »

Region: SEE electricity market sees price drop and decline in demand in Week 14 of 2025

In Week 14 of 2025, electricity prices across Southeast Europe (SEE) saw a slight decrease, driven by lower electricity demand, falling gas and CO₂ prices, and increased solar energy production. Although prices initially surpassed €100/MWh, they gradually dropped throughout the week. Notably, Croatia and Serbia experienced the largest price reductions, with decreases of -23.52% and

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