Region: Romania, Greece sign MoU to boost LNG supply and regional energy integration Read More »

Region: Romania, Greece sign MoU to boost LNG supply and regional energy integration

At the Partnership for Transatlantic Energy Cooperation 2025 (P-TEC 2025) forum in Athens, Romanian Nova Power & Gas, Transgaz, and Greek Atlantic-See LNG Trade signed a memorandum of understanding to enhance cooperation on liquefied natural gas (LNG) supply and regional energy diversification. The agreement aims to establish joint procurement mechanisms that will reduce reliance on […]

Romania: Day-ahead power prices surge 36% year-on-year in October 2025 Read More »

Romania: Day-ahead power prices surge 36% year-on-year in October 2025

The average day-ahead electricity price on Romania’s OPCOM energy exchange rose to 121.9 EUR/MWh in October 2025, marking a 35.9 % increase year-on-year and 25.6 % higher than in September (97.05 EUR/MWh). Trading activity reached 1.47 million MWh, down 3.5 % from October 2024 but up 26.3 % month-on-month. The average hourly traded volume was

Hungary granted one-year US sanctions waiver to continue importing Russian energy Read More »

Hungary granted one-year US sanctions waiver to continue importing Russian energy

Hungarian Prime Minister Viktor Orbán announced that Hungary has secured an exemption from US sanctions on Russian oil and gas, following a meeting with US President Donald Trump in Washington. The waiver allows Hungary to continue importing Russian crude and natural gas via the TurkStream pipeline and the Druzhba oil network, despite the broader sanctions

EU regulator urges Greece to probe possible market manipulation by power producers Read More »

EU regulator urges Greece to probe possible market manipulation by power producers

The European Union Agency for the Cooperation of Energy Regulators (ACER) has urged Greece to investigate whether electricity producers intentionally withheld generation capacity during the summer of 2024 to influence market prices. The agency also called for greater data transparency to improve monitoring and prevent potential market abuse. According to ACER’s analysis, generation behavior played

Greece signs €25 billion LNG deal with US Venture Global to strengthen regional energy security Read More »

Greece signs €25 billion LNG deal with US Venture Global to strengthen regional energy security

Greek state energy company DEPA and construction giant Aktor have signed a 20-year, €25 billion contract with US producer Venture Global to import up to 4 billion cubic meters of LNG annually starting 1 January 2030. The agreement, concluded through their joint venture Atlantic-See LNG Trade during the 6th Transatlantic Energy Cooperation Summit in Athens,

Region: Slovnaft blames Croatian operator JANAF for crude oil delivery failure, warns of regional supply risks Read More »

Region: Slovnaft blames Croatian operator JANAF for crude oil delivery failure, warns of regional supply risks

A planned shipment of 58,000 tons of Arab Light crude oil, scheduled to arrive on 6 November under an existing contract between Croatian pipeline operator JANAF and Hungary’s MOL Group, has been delayed due to what Slovak refinery Slovnaft calls logistical failures by JANAF. The disruption, according to Slovnaft, violates contractual obligations and threatens the

Bulgaria takes full control of Lukoil operations under new emergency law Read More »

Bulgaria takes full control of Lukoil operations under new emergency law

Bulgaria’s Parliament has passed sweeping legislation granting a state-appointed special commercial administrator (SCA) full control over the Bulgarian assets of Russian oil giant Lukoil, effectively suspending shareholder authority. The administrator now has exclusive power over management decisions, share transactions, and asset sales. This marks the second major intervention involving Lukoil in two months, following an

Bosnia and Herzegovina: Breakthrough achieved on 13-kilometer headrace tunnel for HPP Dabar, one of the largest in Europe Read More »

Bosnia and Herzegovina: Breakthrough achieved on 13-kilometer headrace tunnel for HPP Dabar, one of the largest in Europe

A ceremony marked the completion of the breakthrough phase of the headrace tunnel for Hydropower Plant (HPP) Dabar, one of the largest hydraulic tunnels built in southeastern Europe in the past four decades. The 13-kilometer tunnel, constructed by Integral Engineering, is a central component of the €285 million HPP Dabar project, accounting for around €60

Region: ICGB and regional operators launch new gas routes to boost supply toward Ukraine Read More »

Region: ICGB and regional operators launch new gas routes to boost supply toward Ukraine

The independent operator of the Greece–Bulgaria gas interconnector (ICGB) has joined forces with neighboring transmission system operators to create two new capacity routes designed to enhance gas transport to Ukraine. The new Routes 2 and 3 will channel natural gas from Greece’s Alexandroupoli LNG terminal and the Trans-Adriatic Pipeline (TAP) through the IGB interconnector, continuing

Region: Swiss trader Gunvor withdraws bid for Lukoil assets after U.S. opposition Read More »

Region: Swiss trader Gunvor withdraws bid for Lukoil assets after U.S. opposition

Swiss commodities trader Gunvor has withdrawn its proposal to acquire the foreign assets of Russian oil giant Lukoil, following strong opposition from the U.S. Treasury, which labeled the company a “Kremlin puppet.” The move ends what would have been Gunvor’s largest acquisition to date and highlights Washington’s continued push to isolate Russia financially amid the

error: Content is protected !!
Scroll to Top