Hungary’s MOL Group has taken a major step toward reshaping the energy landscape in central and southeastern Europe by reaching a binding preliminary agreement to acquire a 56.15% controlling stake in Serbian oil company NIS from Russian GazpromNeft. Once all conditions are met, MOL would assume dominant shareholder rights over the company. If finalized, the […]
Greece set to receive 17 US LNG shipments in Q1 2026, cementing role as regional gas hub Read More »
Large volumes of US liquefied natural gas (LNG) are scheduled to arrive in Greece in early 2026, highlighting the country’s growing role as a regional gas distribution hub, even before the Vertical Gas Corridor reaches full operational capacity. Current schedules indicate that at least 17 LNG tankers from the United States are expected during the
Croatia: HEP plans 91 MW solar power plant in Crno to boost renewable energy Read More »
Croatian state-owned power utility HEP is preparing to develop a large-scale solar power plant in the Crno area near Zadar. The planned location is situated on the edge of the city’s urban zone, within the Crno Business Zone, and was selected to minimize visual impact on nearby residential areas. The project site spans around 93
Bulgaria secures EU renewable energy funding to boost solar and storage in coal regions Read More »
Bulgaria has confirmed its role as a host country under the European Union’s Financial Mechanism for Renewable Energy, following an invitation from the European Commission’s Directorate-General for Energy to express binding interest for the 2026 funding round. Under the planned scheme, the European Commission will launch a dedicated call to support renewable energy investments located
Bulgaria: IBEX day-ahead market marks 10 years of transparent and growing power trading Read More »
The day-ahead market segment on the Independent Bulgarian Energy Exchange (IBEX) is marking its 10th anniversary, celebrating a decade since the launch of the first organized electricity market in Bulgaria. This segment laid the foundations for transparent, market-based and publicly traceable electricity trading, becoming a cornerstone of the country’s power market architecture. Speaking on the
During the third week of January, Brent oil futures for the Front Month on the ICE market continued the upward trend that began at the end of the previous week, reaching their weekly maximum settlement price of $66.52/bbl on Tuesday, January 14. According to AleaSoft Energy Forecasting, this was the highest Brent Front Month price
During the third week of January, electricity prices in most major European markets showed an upward trend, although in many cases they remained below the levels seen in the first days of the previous week. As a result, weekly average prices in most markets fell compared to the prior week, with a few exceptions. The
Europe: Electricity demand shows mixed trends following epiphany holiday Read More »
During the week of January 12, electricity demand increased in most major European markets compared to the previous week. The Italian market recorded the largest rise, 6.8%, followed by a 5.0% increase in Spain. The Portuguese market showed the smallest growth, 1.7%, while Germany rose by 2.0%. Both the Italian and German markets marked their
Europe: Solar and wind output shows mixed trends in mid-January Read More »
During the third week of January, solar photovoltaic (PV) energy production increased in the German and Italian markets compared to the previous week. The German market saw the largest rise, 77%, following two weeks of declines, while the Italian market recorded a 7.1% increase. In contrast, production declined in the Iberian Peninsula and French markets.
Serbia has taken another institutional step in restructuring its gas sector by formally designating a company to oversee and manage the country’s natural gas transmission system. The government confirmed the move at its most recent session, finalizing a process that has been ongoing for more than a year. Transportgas Srbija has been named the national
