Hungary: MOL CEO criticizes EU energy policy, warns against overreliance on LNG plans Read More »

Hungary: MOL CEO criticizes EU energy policy, warns against overreliance on LNG plans

MOL Group CEO Zsolt Hernadi has questioned the course of European Union energy policy, arguing that the company’s strong performance is rooted in its refining capacity, logistics network, and retail presence rather than any dependence on Russian crude oil. Hernadi criticized the European Commission’s goal of ending Russian natural gas imports by 2027, calling the […]

Croatia: Krk LNG terminal undergoes major upgrade to double capacity Read More »

Croatia: Krk LNG terminal undergoes major upgrade to double capacity

After five years in operation, the Krk LNG terminal’s floating storage and regasification unit (FSRU) has departed for the Kuzey Star shipyard in Turkey to be equipped with an additional regasification module. The upgrade will increase the terminal’s annual throughput from 2.9 billion cubic meters to 6.1 billion cubic meters, strengthening energy supply security for

Bosnia and Herzegovina: Gasification of eastern Republic of Srpska advances with pipeline construction on track Read More »

Bosnia and Herzegovina: Gasification of eastern Republic of Srpska advances with pipeline construction on track

The gasification of the eastern part of the Republic of Srpska (RS) is progressing according to plan. The main pipeline along the Šekovići–Vlasenica–Milići route, with a branch from Vlasenica through Igrišta to Han Pijesak, could be completed within 14 months if there are no unforeseen delays. Sarajevo-Gas Istočno Sarajevo reported that recent decisions by the

Bosnia and Herzegovina moves toward establishing first electricity exchange Read More »

Bosnia and Herzegovina moves toward establishing first electricity exchange

Bosnia and Herzegovina (BiH) remains the only country in Europe without an electricity exchange. At the end of July, the Council of Ministers approved a draft law on the regulator, transmission, and electricity market that aligns with EU requirements and would create a unified framework for such an exchange. The proposal has not yet reached

Slovenia: Petrol Group reports 1% sales growth and 52% jump in net profit in H1 2025 Read More »

Slovenia: Petrol Group reports 1% sales growth and 52% jump in net profit in H1 2025

Slovenian Petrol Group reported sales of 3 billion euros in the first half of 2025, marking a 1% increase compared to the same period in 2024. Net profit rose sharply to 75.1 million euros, up 52% year-on-year. EBITDA increased by 13% to 145 million euros, while operating profit grew 26%. Company management noted that performance

Serbia: Energy regulator approves higher network access fees and updates household billing rules Read More »

Serbia: Energy regulator approves higher network access fees and updates household billing rules

At the request of transmission and distribution system operators EMS and EDS, the Council of the Energy Agency (AERS) has approved updated access fees for the transmission and distribution networks, which will take effect on 1 October. The transmission fee for 2025 will increase by 10% compared with the level set on 1 October 2021,

Serbia: Kostolac wind farm to begin trial operations by year-end, adding 66 MW of renewable capacity Read More »

Serbia: Kostolac wind farm to begin trial operations by year-end, adding 66 MW of renewable capacity

State Secretary at the Ministry of Mining and Energy, Sonja Vlahovic, announced that the Kostolac wind farm is on schedule to begin trial operations by the end of the year. All 20 turbines at EPS’ first wind project have now been installed. Once fully operational, the wind farm is expected to generate around 187 million

Serbia: NIS seeks another OFAC license extension amid US sanctions risks Read More »

Serbia: NIS seeks another OFAC license extension amid US sanctions risks

Serbian oil company NIS has formally requested another extension of its operating authorization from the US Treasury’s Office of Foreign Assets Control (OFAC), as the current one-month waiver is set to expire on 27 August. The company has already received five consecutive renewals, each allowing it to continue daily operations while US authorities assess the

Romania: EDF signs €175 million contract to modernize turbogenerator at NPP Cernavoda Unit 1 Read More »

Romania: EDF signs €175 million contract to modernize turbogenerator at NPP Cernavoda Unit 1

French energy company EDF has signed a contract worth 175 million euros to modernize the turbogenerator at Unit 1 of Romania’s Cernavoda nuclear power plant. The deal involves collaboration between the plant’s operator, Nuclearelectrica, and two EDF subsidiaries – Arabelle Service France and Arabelle Solutions Romania. Cernavoda is Romania’s only nuclear power plant, supplying around

Bulgaria: Bulgargaz proposes slight reduction in wholesale gas price for August 2025 Read More »

Bulgaria: Bulgargaz proposes slight reduction in wholesale gas price for August 2025

Bulgarian state-owned gas supplier Bulgargaz has proposed a lower wholesale natural gas price for August 2025. The suggested price is around 31.2 euros/MWh, which is 1.77% lower than the approved August price of about 31.7 euros/MWh. That price already represented a 3.8% decrease compared to July. The final price for natural gas in September will

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