Bulgaria probes costly BOTAS gas deal amid mounting financial losses Read More »

Bulgaria probes costly BOTAS gas deal amid mounting financial losses

Officials from the Counter-Corruption Commission (CCC) have inspected the Ministry of Energy and collected all documents related to the gas agreement with Turkish supplier BOTAS. According to Energy Minister Zhecho Stankov, the Ministry’s report revealed daily costs surpassing 500,000 euros, rising since January due to contractual indexing. Stankov stated that Bulgaria is only using 11% […]

Bosnia and Herzegovina: Bileća Lake water levels drop, but electricity supply in Republic of Srpska remains stable Read More »

Bosnia and Herzegovina: Bileća Lake water levels drop, but electricity supply in Republic of Srpska remains stable

The water level at Bileća Lake has fallen twelve meters below the planned level due to an unusually dry year. However, this shortfall does not pose a threat to electricity supply for consumers in the Republic of Srpska (RS), according to Ivan Koprivica, Executive Director for Technical Affairs at the ERS power utility. Currently, the

Europe: Austria accused of violating EU electricity trade rules, driving up regional prices Read More »

Europe: Austria accused of violating EU electricity trade rules, driving up regional prices

Industry federations representing heavy electricity consumers in Greece (EVIKEN), Bulgaria (BFIEC), and Romania (ACER) have accused Austria of violating EU regulations by limiting electricity exports to southeastern European countries. This action has reportedly led to increased electricity prices in the region. In a letter to European Commission Vice-President Teresa Ribera, Energy Commissioner Dan Jorgensen, and

Serbia: Electricity imports surge in 2024 amid rising demand and lower domestic generation Read More »

Serbia: Electricity imports surge in 2024 amid rising demand and lower domestic generation

In 2024, Serbia experienced a notable increase in electricity consumption, coupled with a decline in domestic power generation, leading to a sharp rise in energy imports. Total electricity consumption, excluding internal use, reached 30.8 terawatt-hours (TWh), marking a 2.7% (0.8 TWh) increase compared to 2023. Among consumers, residential demand grew by 1.7%, while other low-voltage

Second pipe shipment advances Bulgaria’s role in Vertical Gas Corridor project Read More »

Second pipe shipment advances Bulgaria’s role in Vertical Gas Corridor project

A second shipment of pipeline segments for Bulgaria’s section of the Vertical Gas Corridor has arrived at the port of Burgas, marking significant progress in the strategic energy project aimed at enhancing regional energy security and establishing Bulgaria as a key gas hub in Southeastern Europe. The delivery included 2,526 pipes from India, which will

Bulgaria: Rompetrol expands network with new fuel station near Sofia airport Read More »

Bulgaria: Rompetrol expands network with new fuel station near Sofia airport

Rompetrol Bulgaria, a subsidiary of KMG International Group, has opened a new, modern fuel station on Vladimir Vazov Boulevard, located close to Sofia International Airport. This latest addition strengthens the company’s position as one of Bulgaria’s prominent fuel retailers, expanding its presence in the capital to eight stations and increasing its nationwide network to a

Europe: Gas prices remain stable in early July amid strong supply and market adjustments Read More »

Europe: Gas prices remain stable in early July amid strong supply and market adjustments

In Week 27, European gas prices remained stable, supported by strong supply from Norway and LNG imports. Natural gas futures for delivery in August 2025 on the ICE market hovered around €33/MWh, near two-month lows. This stability was driven by abundant supply and reduced demand from the power sector following the end of the heatwave

Region: Electricity prices surge and renewable generation shifts in SEE during Week 27 of 2025 Read More »

Region: Electricity prices surge and renewable generation shifts in SEE during Week 27 of 2025

In Week 27 of 2025, electricity market prices surged across all Southeast European (SEE) countries compared to the previous week, exceeding €100/MWh in most markets despite stable gas prices. The increase was driven by higher electricity demand due to a heatwave affecting Europe and a drop in wind energy production. Prices started the week around

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