Europe: Gas futures drop in late August despite reduced Norwegian supply Read More »
European natural gas futures fell in the last week of August as weak demand allowed storage levels to rise faster than the impact of reduced Norwegian supply caused by maintenance work. Despite the decline, the weekly average price was still higher than the previous week. TTF gas futures on the ICE market for October 2025 […]
Week 35 of 2025 showed a varied pattern in electricity market prices across Southeast European countries compared to Week 34. Most markets recorded weekly average prices below €100/MWh, except Italy, which had the highest electricity price among the analyzed markets. Throughout the week, prices in most SEE countries hovered around €80/MWh, peaking on August 29
Former Slovenian State Secretary and climate negotiator Zoran Kus has filed a petition with the Constitutional Court challenging the legality of the national spatial plan procedure for the proposed second unit at the Krsko nuclear power plant. Representing public interest, Kus argues that the process was initiated without constitutional, legal, or strategic justification and violates
A new high-efficiency cogeneration plant is under development on the site of the former CET Palas facility in Constanța, replacing infrastructure dating back to the 1970s. Valued at 120 million euros and largely financed through the National Recovery and Resilience Plan (PNRR), the plant will deliver 160 MW of capacity, producing both electricity and heat
Romania: Ministry of Energy unveils five-point plan to cut electricity prices by 20–25% Read More »
The Romanian Ministry of Energy has finalized a five-point plan aimed at lowering electricity prices, with measures expected to take effect next week. Energy Minister Bogdan Ivan stated that the initiative, developed in consultation with producers, distributors, suppliers, and regulators, is expected to reduce household and business energy costs by an average of 20 to
Data from the National Institute for Statistics (INS) show that Romania’s net coal production in the first half of 2025 reached 902,400 tons of oil equivalent, down by 2.9 percent (27,400 tons of oil equivalent) compared to the same period in 2014. During January–June, coal imports totaled 38,900 tons of oil equivalent, a drop of
Hungary: MOL Chief warns of energy security risks if Druzhba oil deliveries halted Read More »
MOL Chairman and CEO Zsolt Hernadi has cautioned that a full halt to crude oil deliveries via the Druzhba pipeline could pose serious risks to Hungary’s energy security, potentially pushing fuel prices at domestic stations up by around 10 percent. In an interview, Hernadi explained that while higher prices would be a concern, the bigger
State-owned power utility EPBiH has opened a tender for the preparation of the main design for the Janjići hydropower plant on the Bosna River. The estimated contract value is around 800,000 euros, with the lowest bid set as the main selection criterion. Bids must be submitted by 16 October. The project has faced ongoing legal
Gazprom’s natural gas deliveries to Europe through the TurkStream pipeline fell slightly in August, down 2 percent compared to July, according to estimates based on ENTSOG data. Average daily flows dropped to 50.4 million cubic meters from 51.5 million cubic meters in the previous month. Despite the month-to-month decline, volumes were still higher than the
Region: Serbia, Hungary and Russia advance plans for strategic oil pipeline project Read More »
Serbia’s Minister of Mining and Energy, Dubravka Djedovic, met with Russian Deputy Energy Minister Pavel Sorokin and Hungary’s State Secretary for Foreign Affairs and Trade, Peter Sztaray, to discuss the implementation of the planned Serbia-Hungary oil pipeline. She stated that the project holds major strategic importance for Serbia’s energy security. During the meeting, the participants
