Romania investigates suspected sabotage of Azerbaijani crude threatening refinery operations Read More »

Romania investigates suspected sabotage of Azerbaijani crude threatening refinery operations

Romanian officials are investigating a suspected sabotage incident involving Azerbaijani crude oil destined for OMV Petrom’s Petrobrazi refinery. The crude, transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline through Azerbaijan, Georgia, and Turkey before shipment to Romania, was found to contain dangerously high levels of chlorine. This contamination posed a significant corrosion risk to refinery equipment and […]

Romania: OX2 sells 96 MW wind farm to Helleniq Renewables backed by long-term PPA Read More »

Romania: OX2 sells 96 MW wind farm to Helleniq Renewables backed by long-term PPA

OX2 has agreed to sell a 96 MW onshore wind farm in eastern Romania to Helleniq Renewables, a subsidiary of Greek company Helleniq Energy. The project is backed by a long-term virtual power purchase agreement (PPA) with international retailer Ahold Delhaize. The wind farm will feature 15 Vestas turbines, each with a capacity of 6.4

Romania: OPCOM day-ahead electricity prices fall year-on-year but rise monthly in July 2025 Read More »

Romania: OPCOM day-ahead electricity prices fall year-on-year but rise monthly in July 2025

In July 2025, the average electricity price on the day-ahead market of the Romanian energy exchange OPCOM was 103.5 euros/MWh. This represents a 28.69% decrease compared to July 2024, but a 20.16% increase compared to June 2025, when the average baseload price was 86.13 euros/MWh. The traded volume on the day-ahead market in July reached

Montenegro: EPCG launches tender for 2.5 MW Slano solar power plant design Read More »

Montenegro: EPCG launches tender for 2.5 MW Slano solar power plant design

Montenegrin state-owned energy company EPCG has announced a tender for the preparation of project documentation for the construction of the Slano solar power plant, located on the Slano reservoir dam. The planned photovoltaic facility will have an installed capacity of 2.5 MW. The tender, valued at 13,000 euros, requires bids to be submitted by August

North Macedonia: Day-ahead electricity exchange hits record trading volume in July 2025 Read More »

North Macedonia: Day-ahead electricity exchange hits record trading volume in July 2025

In July 2025, the volume of electricity traded on North Macedonia’s day-ahead electricity exchange reached 135,072.8 MWh, marking a 36.6% increase compared to 98,842.2 MWh recorded in the same month the previous year. Compared to June 2025, traded volume rose by 42.7%. This represents the highest monthly traded volume ever recorded, surpassing the previous record

Hungary: MOL Group Q2 2025 profit falls 56%, launches “Tomorrow Downstream” program to boost efficiency Read More »

Hungary: MOL Group Q2 2025 profit falls 56%, launches “Tomorrow Downstream” program to boost efficiency

MOL Group reported a profit before tax of 236 million dollars in Q2 2025, representing a 56% year-on-year decline. While a softer regional macroeconomic environment weighed on results, strong upstream volumes, robust downstream throughput, and growing consumer services activity helped mitigate the impact. Based on first-half performance, management maintained its full-year 2025 guidance but noted

Greece: PPC Group reports strong H1 2025 performance, accelerates renewable growth and coal phase-out Read More »

Greece: PPC Group reports strong H1 2025 performance, accelerates renewable growth and coal phase-out

PPC Group reported a net income of 200 million euros for the first half of 2025, up from 180 million euros in the same period of 2024. Adjusted EBITDA reached 1 billion euros, reflecting a 7% year-on-year increase. Total capital expenditures amounted to 1.3 billion euros, with approximately 90% allocated to renewable energy, flexible generation,

Region: ICGB secures permit for capacity expansion, boosting Greece-Bulgaria gas interconnector throughput Read More »

Region: ICGB secures permit for capacity expansion, boosting Greece-Bulgaria gas interconnector throughput

ICGB, the independent operator of the Greece-Bulgaria gas interconnection (IGB pipeline), has obtained a construction permit for the first phase of its capacity expansion project. This phase involves upgrading the Stara Zagora metering station in Bulgaria, increasing its throughput capacity from 3 to 5 billion cubic meters per year. With the permit secured, ICGB can

Bosnia and Herzegovina: RiTE Gacko reports return to profit with €290,000 net income in H1 2025 Read More »

Bosnia and Herzegovina: RiTE Gacko reports return to profit with €290,000 net income in H1 2025

Coalmine and Thermal Power Plant (RiTE) Gacko reported a net profit of approximately 290,000 euros, a significant improvement compared to a loss of 11.8 million euros during the same period last year. The company’s total revenues in the first half of the year reached 45.8 million euros, reflecting an 11.5% increase year-on-year. Meanwhile, total expenses

Montenegro grants 24.5-year lignite concession to Pljevlja Coalmine Read More »

Montenegro grants 24.5-year lignite concession to Pljevlja Coalmine

The Montenegrin Government has granted a 24.5-year concession to the Pljevlja coalmine for the exploration and extraction of brown lignite at four sites in the Pljevlja municipality: Potrlica, Kalusici, Grevo, and Rabitlje. Under the agreement, the company will pay a fixed total fee of 64 million euros, divided into annual installments of 2.67 million euros

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