Serbia prepares emergency measures as US denies NIS refinery license Read More »

Serbia prepares emergency measures as US denies NIS refinery license

Serbia is implementing emergency measures to maintain energy stability after the United States refused to issue a license allowing oil company NIS to continue operating its Pančevo refinery. Following consultations with national energy teams, President Aleksandar Vučić announced that Serbia would temporarily secure NIS’ payment operations through the end of the week, despite the financial […]

Romania considers amendments to Oil Law, potentially stripping Lukoil of trident offshore concession Read More »

Romania considers amendments to Oil Law, potentially stripping Lukoil of trident offshore concession

Romanian authorities are reviewing major amendments to the Oil Law that could remove Lukoil’s dominant position in the Trident offshore concession in the Black Sea. Local media report that the government is evaluating options to either return the concession to state ownership or transfer operational control to Romgaz, which currently holds a 12.5% minority stake.

Romania: Econergy renewable energy secures €40.5 million financing for Oradea solar power plant expansion Read More »

Romania: Econergy renewable energy secures €40.5 million financing for Oradea solar power plant expansion

Econergy Renewable Energy has secured €40.5 million in project financing from UniCredit Bank to support operations at its Oradea solar power plant in northwestern Romania. Part of the funding will be used to refinance existing debt from the plant’s construction phase. The 87 MW solar facility, located in the Crisana region, has been fully operational

Romania: Partial shutdown at Brazi gas plant due to water supply issues Read More »

Romania: Partial shutdown at Brazi gas plant due to water supply issues

Operations at the Brazi combined-cycle gas power plant were partially suspended on 2 December after two generating units, totaling 569 MW, were taken offline around midday. The plant, operated by OMV Petrom, is experiencing technical issues related to the supply of process water, which is critical for its operation. A third unit, with a capacity

Greece-Saudi Arabia electricity link enters critical feasibility phase Read More »

Greece-Saudi Arabia electricity link enters critical feasibility phase

Plans for an electricity interconnection between Greece and Saudi Arabia are entering a crucial stage, as the network operators ADMIE and National Grid Saudi Arabia prepare a detailed feasibility study that will determine the project’s next steps. Both companies have agreed to accelerate the study, which is expected to be finalized between March and May

Bulgaria advances nuclear expansion with Kozloduy units 7 and 8 engineering contract Read More »

Bulgaria advances nuclear expansion with Kozloduy units 7 and 8 engineering contract

A new step in expanding Bulgaria’s nuclear capacity has been taken as the project company NPP Kozloduy New Builds signed an engineering consultancy contract with a predominantly Canadian consortium. The consortium includes Laurentis Energy Partners, its subsidiary Canadian Nuclear Partners, and BWX Technologies. Under the agreement, the consortium will support Bulgaria in overseeing and managing

Bulgaria: Kozloduy nuclear Unit 6 back in operation after safety and fuel upgrades Read More »

Bulgaria: Kozloduy nuclear Unit 6 back in operation after safety and fuel upgrades

Unit 6 at Bulgaria’s Kozloduy Nuclear Power Plant is back online following its annual maintenance, reconnecting to the national electricity grid on the evening of 1 December. The maintenance program, which started on 25 October 2025, included thorough preventive inspections, servicing of critical systems, and all tasks required under the plant’s annual upkeep schedule. During

Bulgaria sees rise in electricity production and renewables in 2025 Read More »

Bulgaria sees rise in electricity production and renewables in 2025

According to data released by the Bulgarian electricity transmission system operator (ESO), electricity production in Bulgaria between January 1 and November 30, 2025, increased by 6.41% compared to the same period in 2024, reaching 36.36 TWh. During the same period, electricity consumption in the country also grew, rising by 5.17% to a total of 34.76

Europe: Electricity prices stable in late November amid mixed renewable output and demand fluctuations Read More »

Europe: Electricity prices stable in late November amid mixed renewable output and demand fluctuations

During the fourth week of November, electricity prices in most major European markets remained relatively stable compared to the previous week, with the highest daily values occurring at the beginning of the week. In many markets, the weekly average fell slightly, though exceptions were observed in Italy’s IPEX market (+6.4%) and the EPEX SPOT markets

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