Bulgaria approves state-guaranteed loans to expand gas transmission network Read More »

Bulgaria approves state-guaranteed loans to expand gas transmission network

The Bulgarian government will provide state guarantees for loans totaling €127.3 million to support Bulgartransgaz’ investment in the Vertical Gas Corridor. The cabinet approved draft agreements with Investbank and United Bulgarian Bank to finance the expansion of the country’s natural gas transmission system. The loans, set to be disbursed by 15 December, will partially fund […]

Region: Saharan dust significantly reduces solar power output Read More »

Region: Saharan dust significantly reduces solar power output

A new study highlights that Saharan dust events (SDEs) are having a major impact on solar electricity production across the Mediterranean, raising concerns about the reliability of renewable energy in the region. Researchers from the Hungarian Research Network’s Research Centre for Astronomy and Earth Sciences, in collaboration with the University of Pannonia, analyzed the effect

European gas prices stable in early September as LNG supplies and storage support market Read More »

European gas prices stable in early September as LNG supplies and storage support market

European natural gas prices remained relatively stable in early September, supported by coordinated global LNG imports that maintained adequate storage levels across the continent. Although European gas inventories were 16% lower than last year, rising US LNG exports and expanded terminal bookings helped ensure supply security for European consumers. TTF gas futures on the ICE

Region: SEE electricity markets see moderate price rise and increased demand in Week 36 of 2025 Read More »

Region: SEE electricity markets see moderate price rise and increased demand in Week 36 of 2025

During Week 36 of 2025, electricity market prices across Southeast Europe (SEE) rose moderately compared to Week 35. Most markets recorded weekly average prices below €100/MWh, with Italy being the exception, exceeding this level. Average prices across the region were around €88/MWh. Prices peaked on Friday, September 5, before declining toward the end of the

Romania: Strabag begins turbine installation at largest wind farm in Vaslui County Read More »

Romania: Strabag begins turbine installation at largest wind farm in Vaslui County

Strabag Romania has reached a key stage in the development of the Deleni wind farm in Vaslui County, part of the larger Prowind North Cluster commissioned by PPC Renewables Romania. The project has now entered the turbine installation phase, with 23 GE Vernova units, each with a capacity of 6.1 MW, being assembled on site.

Montenegro to sign MoU with Japan’s JERA for potential LNG terminal and gas-fired power plant Read More »

Montenegro to sign MoU with Japan’s JERA for potential LNG terminal and gas-fired power plant

The Montenegrin Government is set to sign a Memorandum of Understanding with Japan’s energy company JERA, paving the way for the potential development of a liquefied natural gas (LNG) terminal and a gas-fired power plant in the country. Officials describe the agreement as a significant step forward in bilateral relations, moving beyond traditional development cooperation

Hungary: MVM launches construction of 540 MW gas-fired power plant in Matra region Read More »

Hungary: MVM launches construction of 540 MW gas-fired power plant in Matra region

Hungary’s state-owned energy group MVM has begun construction of a new combined-cycle gas turbine (CCGT) power plant in the Matra region. Designed to produce 540 MW, the facility is scheduled for completion in 2028 and will play a significant role in ensuring the country’s electricity supply. The project follows a procurement process launched in 2023

Hungary signs landmark long-term natural gas deal with Shell to boost energy diversification Read More »

Hungary signs landmark long-term natural gas deal with Shell to boost energy diversification

Hungary has concluded a landmark long-term natural gas agreement with Shell, marking the largest deal ever reached between the country and a Western energy supplier. The announcement was made by Minister of Foreign Affairs and Trade Peter Szijjarto during the Gastech conference in Milan, where he underlined that Hungary’s diversification strategy aims to keep existing

Bulgaria: Greenpeace files EU complaint over coal power plants as Bobov Dol advances green energy projects Read More »

Bulgaria: Greenpeace files EU complaint over coal power plants as Bobov Dol advances green energy projects

Greenpeace Bulgaria and the environmental organization For the Earth have filed a formal complaint with the European Commission against four coal-fired power plants in Bulgaria: Bobov Dol in Golemo Selo, Brikel in Galabovo, Republika in Pernik, and Maritsa 3 in Dimitrovgrad. The case highlights recurring violations of EU environmental legislation between 2018 and 2023 and

Europe: Brent oil and TTF gas prices fluctuate in early September amid OPEC+ production plans and rising EU gas reserves Read More »

Europe: Brent oil and TTF gas prices fluctuate in early September amid OPEC+ production plans and rising EU gas reserves

Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $69.14 per barrel on Tuesday, September 2, marking the highest level since August 2. Following this peak, prices declined, reaching a weekly low of $65.50 per barrel on Friday, September 5. This represented a 3.8% drop compared

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