European natural gas prices continued their downward trend heading into mid-December 2025, nearing €27/MWh, marking a new low since April 2024. This follows a decline of more than 7% in November, extending the year-to-date drop to around 45% and a fall of over 90% from the record highs reached during the 2022 energy crisis. TTF […]
During Week 49 of 2025, electricity prices across Southeast Europe (SEE) showed a mixed performance, rising in five of the eight SEE countries despite lower TTF gas futures, while the remaining SEE markets recorded moderate declines. Except for Türkiye, all SEE markets posted weekly average prices above €120/MWh, bringing the regional average to around €128/MWh.
Romania grants OMV Petrom and Romgaz two-year extension for Neptun Deep exploration Read More »
Romania has granted OMV Petrom and Romgaz a two-year extension for exploration activities in the Neptun Deep offshore block, moving the deadline to November 2027 while keeping the overall concession period unchanged through 2045. The extension allows the partners additional time to complete their exploration commitments, including a new deep-water drilling campaign. As part of
Romania: Premier Energy plans new gas-fired balancing plant to support renewables Read More »
Premier Energy has announced plans to expand its flexible generation assets during its latest investor call. The company is preparing to build a 20 MW gas-fired cogeneration and balancing plant in Braila, while also assessing a second potential site elsewhere in Romania. The new facilities aim to support and stabilize Premier Energy’s growing renewable energy
Montenegro launches €11 million tender to build mandatory oil reserves Read More »
The Montenegrin Hydrocarbons Administration has issued a tender worth 11 million euros for the purchase of 16,500 metric tons (approximately 19.6 million liters) of fuel to initiate the country’s mandatory oil reserves. The tender calls for EN 590-grade diesel with strict conditions: it must be produced after 21 January 2026 and cannot be derived from
Croatian oil company INA has confirmed new natural gas reserves in the Northern Adriatic development area, a discovery that could significantly strengthen Croatia’s domestic gas output. The find follows the drilling of the first of two planned development wells from the existing IKA-A production platform, using CROSCO’s Labin jack-up rig. Drilling of the IKA A-1
In November 2025, a total of 1,182,744.1 MWh of electricity was traded on the Croatian energy exchange (CROPEX), representing an 18.4% decrease compared to October. Of this volume, 919,987.2 MWh was traded on the day-ahead market, while 262,756.9 MWh was exchanged on the intraday market. Despite the monthly decline, the traded volume was 27% higher
The Western Balkans and Southeast Europe are entering a new strategic energy era, one in which electricity — its production, exchange, security, and geopolitical meaning — carries more weight than gas pipelines ever did. By 2035, the region’s power map will look radically different from anything recognizable today. Coal will decline, hydropower will fluctuate under
The quiet decision to lift Serbia’s decades-old ban on nuclear power has triggered a shift in the strategic imagination of the region. For the first time since the Chernobyl-era prohibition, Serbia can legally and politically evaluate the possibility of constructing nuclear reactors — a move that has implications far beyond electricity production. It touches geopolitics,
After Russian gas: Who wins Serbia’s electrification shift? Read More »
For more than two decades, Serbia’s energy model rested on a simple premise: that natural gas would remain a stable, reasonably priced and geopolitically reliable cornerstone of the country’s heating, industrial processing and urban energy landscapes. The assumption was rooted in geography and politics. Russia supplied the gas, Serbia built the pipelines, and households and
