Hungary: Oil supply remains secure despite Ukrainian strike on Druzhba pipeline Read More »

Hungary: Oil supply remains secure despite Ukrainian strike on Druzhba pipeline

Prime Minister Viktor Orban announced that Hungary’s oil deliveries remain uninterrupted, despite another Ukrainian strike on the Druzhba pipeline. He said that he had spoken directly with MOL leadership, who confirmed that the section serving Hungary continues to function normally. PM Orban emphasized that the country’s oil supply remains fully secure. The Druzhba pipeline is […]

Europe: Slovakia secures EU concessions on Russian gas imports deadline Read More »

Europe: Slovakia secures EU concessions on Russian gas imports deadline

Slovakia has obtained concessions in the European Union’s draft regulation that aims to end Russian gas imports by autumn 2027. According to Economy Minister Denisa Sakova, the provisional agreement reached between the Council of the EU and the European Parliament now allows Slovakia to continue using its long-term gas supply contract with Russia for an

Europe: Gas prices fall to 18-month low amid milder weather and strong LNG supply Read More »

Europe: Gas prices fall to 18-month low amid milder weather and strong LNG supply

European natural gas prices declined in Week 48, as forecasts indicated warmer-than-expected temperatures, reducing anticipated heating demand. TTF month-ahead prices settled below €30/MWh for the first time since May 2024, marking an 18-month low despite a recent cold spell. TTF futures for January 2026 delivery traded near €29/MWh throughout the week. Prices started at €29.904/MWh

SEE electricity market Week 48: Prices rise amid higher demand and shifts in renewable & thermal generation Read More »

SEE electricity market Week 48: Prices rise amid higher demand and shifts in renewable & thermal generation

During Week 48 of 2025, electricity prices across Southeast Europe (SEE) increased moderately compared to Week 47, driven primarily by higher regional demand, despite cheaper TTF gas and rising wind output. Except for Türkiye, all SEE markets recorded weekly average prices above €100/MWh, bringing the regional average to around €118/MWh. Türkiye (+22.9%) and Hungary (+20.93%)

OX2 Romania expands wind portfolio with acquisition of 235 MW projects Read More »

OX2 Romania expands wind portfolio with acquisition of 235 MW projects

OX2 Romania, the local subsidiary of Swedish OX2 Group, has acquired three new wind projects totaling 235 MW from Future Power, further expanding its footprint in Romania’s rapidly growing renewable energy sector. The new sites are located in the Vaslui and Vrancea counties, bringing OX2’s Romanian portfolio to over 1.1 GW. The company now manages

Bosnia and Herzegovina: Ugljevik coal mine and thermal power plant update Read More »

Bosnia and Herzegovina: Ugljevik coal mine and thermal power plant update

The Ugljevik coal mine and thermal power plant (RiTE Ugljevik) has not yet started extracting coal from the Ugljevik-Istok 2 deposit, as the company’s shareholders have not yet approved all required resolutions. According to RS Minister of Energy and Mining Petar Djokic, a shareholders’ assembly is scheduled for 16 December, where the company must formally

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