Montenegro: Average household electricity bill rises 13% in October, reaching €32.21 Read More »

Montenegro: Average household electricity bill rises 13% in October, reaching €32.21

The average household electricity bill in Montenegro for October 2025 amounted to 32.21 euros, representing an increase of 13 percent compared to September (28.51 euros) and 15.4 percent compared to October 2024 (27.9 euros). Among municipalities, Mojkovac recorded the lowest average monthly bill at 24.6 euros, while the highest was in Nikšić, where households paid […]

Region: Croatia’s JANAF and Hungary’s MOL advance talks on new oil transport deal amid supply and sanctions concerns Read More »

Region: Croatia’s JANAF and Hungary’s MOL advance talks on new oil transport deal amid supply and sanctions concerns

Representatives of Croatia’s state-owned pipeline operator JANAF and Hungary’s MOL Group met to assess the current situation and coordinate the next steps toward concluding a new crude oil transport agreement for the upcoming period. Initial negotiations between the two companies began in early October, focusing on a renewed contract governing the transport of crude oil

Bulgaria strengthens fuel security amid Lukoil sanctions and partial reliance on foreign reserves Read More »

Bulgaria strengthens fuel security amid Lukoil sanctions and partial reliance on foreign reserves

Bulgaria’s strategic fuel reserves stored within the country are sufficient to cover about one month of domestic consumption, according to Asen Asenov, head of the State Reserve Agency. He explained that roughly half of Bulgaria’s total fuel reserves are located abroad. Current figures show that Bulgaria holds gasoline reserves sufficient for approximately 35 days and

Bosnia and Herzegovina: U.S. reaffirm commitment to advancing Southern Gas Interconnection project Read More »

Bosnia and Herzegovina: U.S. reaffirm commitment to advancing Southern Gas Interconnection project

Bosnia and Herzegovina’s Federal Minister of Energy, Mining and Industry, Vedran Lakić, held a working meeting with the management of BH-Gas to assess progress and define the next steps in the preparatory phase of the Southern Gas Interconnection project. The meeting followed his recent visit to Greece and discussions with senior U.S. officials. Both sides

Europe: Oil, gas and CO2 prices decline in early November amid OPEC+ decisions and high supply Read More »

Europe: Oil, gas and CO2 prices decline in early November amid OPEC+ decisions and high supply

Brent crude oil futures for the front-month contract on the ICE market reached their weekly high of $64.89 per barrel on Monday, November 3, which was already 0.3 percent lower than the closing price of the previous week. Prices continued to decline until Thursday, November 6, when they hit the weekly low of $63.38 per

European power prices rise in early November amid higher demand and lower wind generation Read More »

European power prices rise in early November amid higher demand and lower wind generation

During the first week of November, average electricity prices rose in most major European power markets compared to the previous week. The exceptions were the Nord Pool market in the Nordic region, which fell by 13 percent, and the MIBEL markets of Portugal and Spain, where prices dropped by 29 and 30 percent, respectively. The

Europe: Electricity demand rises in early November as temperatures drop Read More »

Europe: Electricity demand rises in early November as temperatures drop

During the first week of November, electricity demand rose across the main European markets compared to the previous week. Belgium recorded the largest increase at 3.7 percent, while Portugal registered the smallest rise at 1.4 percent. In Italy, France, Spain, Great Britain, and Germany, demand grew between 1.9 percent in Italy and 2.9 percent in

Serbia advances regional energy integration with new gas links and renewables expansion Read More »

Serbia advances regional energy integration with new gas links and renewables expansion

Serbia is accelerating efforts to diversify its natural gas supply and strengthen regional energy connectivity, following the successful completion of its interconnector with Bulgaria two years ago. The government now plans to build new gas interconnections with North Macedonia and Romania within the next two to three years, enabling imports of up to 2.3 billion

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