Bulgaria: US tariffs unlikely to impact Kozloduy nuclear expansion Read More »

Bulgaria: US tariffs unlikely to impact Kozloduy nuclear expansion

Bulgarian Energy Minister Zhecho Stankov has expressed confidence that potential U.S. tariffs will not affect the budget for constructing Units 7 and 8 at the Kozloduy nuclear power plant. Responding to media inquiries, Minister Stankov stated that he does not foresee any import duties or tariffs being imposed on the nuclear reactors—either by the United […]

Bosnia and Herzegovina: Aarhus Center criticizes Southern Gas Interconnection project Read More »

Bosnia and Herzegovina: Aarhus Center criticizes Southern Gas Interconnection project

The Aarhus Center in Bosnia and Herzegovina (BiH) has raised serious concerns about the planned Southern Gas Interconnection project between Croatia and the Federation of Bosnia and Herzegovina (FBiH), questioning both its economic feasibility and environmental sustainability. The project, jointly promoted by Croatian operator Plinacro and BH-Gas, envisions a 243-kilometer pipeline with a capacity of

Europe: Gas prices plunge amid global market turmoil and US tariff concerns Read More »

Europe: Gas prices plunge amid global market turmoil and US tariff concerns

European natural gas prices began the week with a sharp decline, driven by a broader global market sell-off sparked by the United States’ recent introduction of reciprocity-based tariffs. At the Title Transfer Facility (TTF) in the Netherlands, Europe’s most liquid gas trading hub, May contracts opened at 35 euros per megawatt-hour (MWh), marking a drop

Europe: Oil, gas and CO2 futures see price declines in early April amid trade tensions and rising temperatures Read More »

Europe: Oil, gas and CO2 futures see price declines in early April amid trade tensions and rising temperatures

In the first week of April, Brent oil futures for the Front Month on the ICE market remained above $74 per barrel during the first three sessions. On April 2, the futures reached a weekly peak settlement price of $74.95 per barrel, marking the highest level since February 21. However, by Thursday and Friday, prices

Europe: Electricity prices fall in early April amid increased renewable production Read More »

Europe: Electricity prices fall in early April amid increased renewable production

In the first week of April, average electricity prices decreased in most major European markets compared to the previous week. The only exception was the Nord Pool market of the Nordic countries, which saw a 5.0% increase. The EPEX SPOT market in France experienced the largest percentage price drop, with a 46% decline. Other markets,

Europe: Electricity demand declines in late March 2025, with regional variations Read More »

Europe: Electricity demand declines in late March 2025, with regional variations

In the week of March 31, electricity demand in most major European markets decreased compared to the previous week. The French and British markets saw the largest drops, with declines of 8.5% and 7.3%, respectively. Other markets, including Spain, Germany, Portugal, and Belgium, also experienced reductions in demand, ranging from a 2.3% decline in Spain

Europe: Solar and wind energy production sees notable increases and declines in April 2025 Read More »

Europe: Solar and wind energy production sees notable increases and declines in April 2025

In the first week of April, solar photovoltaic energy production saw an increase across most major European electricity markets compared to the previous week. Germany experienced the most significant growth, with a 54% rise, while France and Italy saw increases of 28% and 41%, respectively. However, solar energy production decreased in the Iberian Peninsula, with

Serbia strengthens energy ties with Azerbaijan at Southern Gas Corridor Advisory Council Read More »

Serbia strengthens energy ties with Azerbaijan at Southern Gas Corridor Advisory Council

At the 11th Ministerial Meeting of the Southern Gas Corridor Advisory Council in Baku, Serbian Assistant Minister of Oil and Gas, Sasa Kokovic, emphasized the growing energy partnership between Serbia and Azerbaijan. He highlighted the completion of the Serbia-Bulgaria gas interconnector in December 2023 as a major milestone in Serbia’s integration into regional energy infrastructure.

Serbia hires BlackSummit capital for lobbying amid US sanctions on NIS Read More »

Serbia hires BlackSummit capital for lobbying amid US sanctions on NIS

In response to US sanctions targeting its energy sector, particularly the oil company NIS, the Serbian Government has enlisted the lobbying services of BlackSummit Capital. The firm’s role is to assist Serbia in navigating the sanctions imposed on NIS, which is partly owned by the Russian company GazpromNeft. A document from the US Department of

Romanian consortium wins contract for 145 MW gas-fired cogeneration plant in Ramnicu Valcea Read More »

Romanian consortium wins contract for 145 MW gas-fired cogeneration plant in Ramnicu Valcea

A Romanian consortium comprising Elsaco and Energomontaj has been awarded the contract by the Municipality of Ramnicu Valcea to construct a 145 MW gas-fired cogeneration power plant at the CET Govora site. The project, valued at approximately 100 million euros, is funded by the European Union. The new facility will be integrated with the national

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