Europe: TurkStream becomes sole Russian gas route amid rising flows and temporary dip Read More »

Europe: TurkStream becomes sole Russian gas route amid rising flows and temporary dip

According to data from the European Network of Transmission System Operators for Gas (ENTSO-G), Russian gas exports to Europe via the TurkStream pipeline increased by 7.3 percent year-on-year in the first half of 2025, reaching a total of 8.3 billion cubic meters. Despite this overall growth, June saw a decline in shipments, which dropped by […]

Coal’s decline in the EU: Sharp drop in production, consumption and reliance on imports Read More »

Coal’s decline in the EU: Sharp drop in production, consumption and reliance on imports

Last year marked a significant decline in coal production and usage across the European Union. Coal output dropped to 242 million tons, while consumption fell to 306 million tons, representing year-on-year decreases of 12 percent and 13 percent, respectively. The most notable reductions occurred between 2022 and 2023, when coal production declined by 21 percent

Romania: Government to introduce fiscal measures including VAT and fuel tax increases to reduce budget deficit Read More »

Romania: Government to introduce fiscal measures including VAT and fuel tax increases to reduce budget deficit

In the coming weeks, the Romanian Government plans to finalize a series of fiscal tightening measures aimed at reducing the budget deficit. Key components of the package include a 10% increase in fuel excise duties and a rise in the standard VAT rate from 19% to 21%, effective August 1. Additional measures under consideration include

Romania: OMV Petrom discovers commercial natural gas at Spineni site, plans major 2025 investments Read More »

Romania: OMV Petrom discovers commercial natural gas at Spineni site, plans major 2025 investments

OMV Petrom, an oil and gas company, has announced a successful natural gas discovery at its Spineni site, located about 70 kilometers northeast of Craiova in southwestern Romania. The Spineni-1 exploration well was drilled to a depth of approximately 4,800 meters. Flow tests showed a commercial output of 180,000 cubic meters of gas per day,

Montenegro: EPCG to keep retail electricity prices steady while exploring new energy investments Read More »

Montenegro: EPCG to keep retail electricity prices steady while exploring new energy investments

Milutin Đukanović, Chairman of the Board at Montenegro’s power utility EPCG, announced that retail electricity prices will remain stable through the end of the year. However, the company plans to review its discount policy, ensuring that households with monthly bills up to 50 euros will continue to receive discounts, protecting low-consumption customers from significant price

Greece: Variable electricity prices surge in July as suppliers push fixed-rate plans Read More »

Greece: Variable electricity prices surge in July as suppliers push fixed-rate plans

In July, the price of variable-rate electricity rose sharply, reaching levels not seen since state support ended earlier this year. Recent supplier announcements show that the average price for a variable “green” kilowatt-hour has climbed to around 0.18 euros, marking increases ranging from 4% to 15%. This price hike is partly due to fluctuations in

Croatia begins environmental review for 99 MW Boksic solar power plant with battery storage Read More »

Croatia begins environmental review for 99 MW Boksic solar power plant with battery storage

Croatia’s Ministry of Environmental Protection and Green Transition has initiated the process to determine if a full environmental impact study is necessary for the proposed 99 MW Boksic solar power plant, which will include an integrated battery energy storage system (BESS). Once operational, the solar facility is expected to produce nearly 120 GWh of electricity

Bulgaria advances nuclear expansion and pump-storage hydropower to support green energy transition Read More »

Bulgaria advances nuclear expansion and pump-storage hydropower to support green energy transition

The Bulgarian Government has placed high priority on expanding the Kozloduy nuclear power plant with two new reactors and developing four additional pump-storage hydropower facilities. These flagship projects aim to establish a secure, competitive, and environmentally friendly energy system aligned with EU climate objectives. Energy Minister Zhecho Stankov announced that unit 7 at Kozloduy is

Bulgaria: Growth in electricity trading on Bulgarian Energy Exchange IBEX in June 2025 Read More »

Bulgaria: Growth in electricity trading on Bulgarian Energy Exchange IBEX in June 2025

In June 2025, a total of 2,285,322.2 MWh of electricity was traded on the day-ahead market of the Independent Bulgarian Energy Exchange (IBEX), representing a 2.7% increase compared to the previous month. The average daily traded volume for June was 76,177.4 MWh. Compared to June of the previous year, the traded volume rose by 8.6%.

Serbia: Kragujevac launches €44 million citywide gasification project Read More »

Serbia: Kragujevac launches €44 million citywide gasification project

A new framework agreement valued at 44 million euros has been signed to expand the natural gas infrastructure throughout the city of Kragujevac in central Serbia. The project will be implemented by local company DM Invest in partnership with state-owned gas utility Srbijagas as part of a comprehensive gasification program. Mayor Nikola Dasic emphasized the

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