Investment flows into the Southeast Europe energy sector in 2025 represent one of the clearest signals that the region has moved from being perceived as a peripheral, high-risk energy market to a structurally relevant investment destination within the broader European energy transition. While total capital volumes remain below those deployed in core EU markets such as Germany, […]
SEE energy market 2025: Strategic shifts in gas security and market dynamics Read More »
The energy landscape in Southeast Europe in 2025 is defined by several converging pressures: enduring structural dependence on imported natural gas, ongoing price segmentation, evolving infrastructure tied to LNG and interconnectors, and the region’s shifting role at the nexus of European energy security policy. These dynamics are shaped by both market forces and geopolitical shifts, reflecting broader
The evolution of the natural gas market in Southeast Europe has become one of the most consequential structural themes in the region’s broader energy transition and industrial competitiveness debate. Unlike electricity, where SEE countries possess significant domestic generation capacity through hydro, coal, nuclear in Bulgaria, and increasingly renewables, gas has historically been the system’s weakest
Building on the base framework, a Masdar–EPCG joint venture only becomes truly investor-grade once the MW ambition is translated into a coherent financial envelope that links generation volumes, capture prices, curtailment risk, grid timing, and equity returns. In a small but export-connected system like Montenegro, the dispersion between a well-integrated portfolio and a poorly sequenced one
Croatia: Končar secures €95 million contract to modernize HPP Varaždin Read More »
Croatia’s hydropower sector is set for a significant modernization following the signing of a contract to overhaul generating units at HPP Varaždin. Engineering group Končar has secured the project, valued at €95.2 million excluding VAT, under an agreement with HEP Proizvodnja, the generation subsidiary of the national power utility. The contract covers the complete reconstruction
Bulgaria: Carbon tax revenues surge more than twelvefold since 2017 Read More »
Bulgaria has recorded a sharp increase in revenues from carbon-related taxes over the past several years, driven by both higher tax rates and a broader application of climate levies. According to the latest Eurostat data, state income from carbon dioxide taxes rose from just over €85 million in 2017 to nearly €1.1 billion in 2023,
A subsidiary of state-owned power utility ERS “Hidroelektrane na Drini”, the company operating the Višegrad hydropower plant, announced that the facility generated 88.34 GWh of electricity in December 2025, marking a month-on-month decline of 8.8% compared to November, when output reached 96.83 GWh. Despite the decrease, production remained well above the 73.18 GWh recorded in
Region: US extends sanctions deadline to allow Lukoil overseas asset sales Read More »
The United States has adjusted its sanctions timetable, granting Russian oil producer Lukoil additional time to complete the sale of its overseas assets. The move was announced by the U.S. Department of the Treasury as part of its broader sanctions enforcement strategy aimed at reshaping Russia’s access to global capital. Through its enforcement arm, the
In Week 02 of 2026, TTF gas prices in Europe exhibited modest intraday volatility, with the highest settlement occurring on January 7 and generally stabilizing around €28/MWh. February 2026 futures on the ICE market fluctuated between −3.7% and +2.5%, resulting in a weekly average of €28.06/MWh, slightly lower than the previous week (−0.7%). Prices opened
SEE sees sharp electricity price and demand surge in Week 02 of 2026 Read More »
Electricity prices across the Southeast Europe (SEE) region surged sharply in Week 02 of 2026 compared with Week 01. Most SEE markets saw substantial weekly increases, with prices climbing over 40% in Bulgaria, Romania, Hungary, and Serbia. In these countries, average electricity prices converged around €130–136/MWh, reflecting strong market coupling and limited availability of lower-cost
