Serbia secures Russian gas supply extension amidst regional energy challenges Read More »

Serbia secures Russian gas supply extension amidst regional energy challenges

The current gas supply agreement between Serbia and Russia is due to expire this week, but an annex to the existing contract has been signed to ensure continued deliveries of Russian gas. This extension will enable Serbia to fill its storage facilities in Banatski Dvor and Hungary ahead of the winter season. According to Dušan […]

Romania: Romgaz expands into Moldova, aiming to supply up to 30% of gas imports as Neptun Deep production looms Read More »

Romania: Romgaz expands into Moldova, aiming to supply up to 30% of gas imports as Neptun Deep production looms

Romanian natural gas producer Romgaz is preparing to expand into the Moldovan energy market, aiming to supply up to 30% of Moldova’s imported gas. The company is in the process of establishing a subsidiary in Moldova to manage these operations. Romgaz CEO Razvan Popescu confirmed that Moldova’s annual gas demand is about 1 billion cubic

Romania nears completion of Tuzla–Podisor pipeline, paving way for regional energy hub Read More »

Romania nears completion of Tuzla–Podisor pipeline, paving way for regional energy hub

The Tuzla–Podisor natural gas pipeline, extending over 300 kilometers and intended to transport gas from offshore Black Sea reserves, is now more than 99% complete. Energy Minister Sebastian Burduja announced that the project is expected to receive final approval and be officially handed over within the next two months. Romania is establishing itself as a

North Macedonia: Electricity production rises amid shifts in energy mix Read More »

North Macedonia: Electricity production rises amid shifts in energy mix

According to data from the State Statistical Office, domestic electricity production accounted for 80.4% of the total electricity consumed in March 2025. Nearly all coal consumed, 99.9%, was used specifically for electricity generation. The total gross electricity production in Macedonia for March 2025 reached 469,417 MWh, representing a 1.7% increase compared to the same month

Greece falls behind in offshore wind development despite early promise Read More »

Greece falls behind in offshore wind development despite early promise

Three years after Greece passed legislation to kickstart offshore wind farm development, progress remains minimal, leaving the country increasingly lagging behind other European nations in this fast-growing sector. Greece was initially recognized for its exceptional offshore wind potential, especially in the Mediterranean region. However, no tangible steps have been taken to harness this advantage. Early

Greece advances energy infrastructure with launch of Attica-Crete electricity interconnection Read More »

Greece advances energy infrastructure with launch of Attica-Crete electricity interconnection

Greece has taken a major step forward in its energy infrastructure by launching the Attica-Crete electricity interconnection, marking a transformative moment for Crete, the country’s largest island. This milestone goes beyond technical achievement — it reshapes Crete’s role within the national energy network. The interconnection, developed by Ariadne Interconnection, a subsidiary of the Greek electricity

Bosnia and Herzegovina: RiTE Gacko launches €5 million tender for mine expansion excavation and land grading Read More »

Bosnia and Herzegovina: RiTE Gacko launches €5 million tender for mine expansion excavation and land grading

Coalmine and Thermal Power Plant (RiTE) Gacko has issued a public tender to select a contractor for excavation, loading, transportation, disposal, and land leveling as part of its mine expansion project. The contract’s estimated value is up to 5 million euros, excluding VAT. The work will be carried out at the PK Gacko surface mining

Bosnia and Herzegovina: Gacko TPP begins major overhaul amid strong performance Read More »

Bosnia and Herzegovina: Gacko TPP begins major overhaul amid strong performance

A major overhaul has commenced at the coal-fired thermal power plant Gacko, following a period of strong production and solid financial results for the company. This was confirmed by Maksim Skoko, director of the Gacko coalmine and thermal power plant (RiTE Gacko). The overhaul is expected to last 70 days, with the plant planned to

Europe: Brent oil declines, TTF gas rises amid supply disruptions, CO2 prices hold above €70 in late May Read More »

Europe: Brent oil declines, TTF gas rises amid supply disruptions, CO2 prices hold above €70 in late May

Brent oil futures for the Front Month on the ICE market reached their highest settlement price of the week on Monday, May 19, at $65.54 per barrel. After that, prices declined, hitting the weekly low of $64.44 per barrel on Thursday, May 22. By Friday, May 23, prices had slightly recovered by 0.5 percent from

Europe: Electricity market prices drop in late May amid renewable surge, but Iberian and Italian prices set to rise Read More »

Europe: Electricity market prices drop in late May amid renewable surge, but Iberian and Italian prices set to rise

In the fourth week of May, average electricity prices decreased in most major European markets compared to the previous week. The MIBEL markets of Spain and Portugal saw the most significant percentage drops, with prices falling by 46 percent and 48 percent, respectively. In contrast, some markets experienced slight increases. Italy’s IPEX market recorded a

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