Bulgaria chooses RWE supply & trading as June LNG supplier Read More »
Bulgaria’s state-owned natural gas provider Bulgargaz has chosen RWE Supply & Trading, a German energy company, to supply liquefied natural gas (LNG) for June. The decision came after a competitive selection process that involved multiple bidders. Earlier, on 15 May, Bulgargaz issued a call to identify companies eligible to take part in LNG supply tenders […]
The Government of the Republic of Srpska is preparing to award a concession for the construction and operation of Trebinje wind farm to the Chinese company China Power PTE through direct negotiations, bypassing the usual public bidding process. The investment, estimated at more than 750 million euros, represents one of the largest renewable energy projects
Europe: Natural gas prices rebound amid maintenance and geopolitical tensions Read More »
European natural gas prices bounced back on Monday, June 2, after posting their first weekly loss in four weeks on Friday, May 30, amid growing concerns over storage levels. In the ICE market, TTF gas futures for July 2025 delivery remained relatively stable during the first week of June, hovering around €36/MWh. On June 2,
In Week 23 of 2025, electricity market prices surged across nearly all Southeast European (SEE) countries except Türkiye, driven by higher gas and CO₂ prices alongside reduced wind energy production. Prices started the week near €100/MWh, then gradually declined below €100/MWh, ending around €60/MWh on Sunday, June 8. All SEE countries saw double-digit electricity price
Brent oil futures for the Front Month in the ICE market recorded their lowest settlement price of the week, $64.63 per barrel, on Monday, June 2. Prices increased during most sessions throughout the first week of June, reaching a weekly high of $66.47 per barrel on Friday, June 6. This value was 4.0% higher than
In the first week of June, average prices in most major European electricity markets rose compared to the previous week. The only exceptions were the Nord Pool market of the Nordic countries and the EPEX SPOT market of France, which experienced price decreases of 1.8 percent and 39 percent, respectively. The MIBEL market of Portugal
During the first week of June, electricity demand increased in most major European markets compared to the previous week. Germany recorded the largest rise in demand, with an increase of 6.3 percent, while Spain showed the smallest growth, at 0.9 percent. Other markets, including Italy, France, Belgium, and Great Britain, also registered demand increases ranging
European solar and wind energy trends in early June: Records amid fluctuations Read More »
During the week of June 2, solar photovoltaic energy production decreased in the main European markets compared to the previous week. France registered the largest decline, with a drop of 22 percent, while Spain showed the smallest decrease, at only 0.3 percent. In Italy, Germany, and Portugal, solar production fell by 2.4 percent, 8.9 percent,
Construction has officially started on a new 400 kV dual-circuit transmission line linking Obrenovac to Bajina Bašta, marking a major advancement in Serbia’s energy infrastructure. This project, initiated near the Obrenovac substation, is part of the wider Trans-Balkan Corridor and aims to improve regional electricity transmission capacity and system stability. Stretching over 109 kilometers, this
Serbia: Srbijagas reports higher revenues but lower profit in 2024 amid debt reduction Read More »
In 2024, gas company Srbijagas saw a notable increase in operating revenues but experienced a significant decline in net profit. According to the company’s financial report, net income dropped to 71.6 million euros from 102.7 million euros in 2023. Despite the lower profitability, total operating income rose by 5% to nearly 1.55 billion euros, indicating
