Serbia seeks U.S. license as NIS ownership negotiations advance Read More »

Serbia seeks U.S. license as NIS ownership negotiations advance

Serbian President Aleksandar Vučić announced that Russian shareholders are currently negotiating with three potential buyers for their stake in oil company NIS, and that the talks are approaching a conclusion. He added that Serbia will soon begin discussions with U.S. officials to obtain a special license that would enable the Pančevo refinery to continue operating […]

Romania prepares emergency legislation to enable sale of Lukoil’s petrotel refinery Read More »

Romania prepares emergency legislation to enable sale of Lukoil’s petrotel refinery

Romania is preparing special legislation to enable the sale of Lukoil’s local assets, including the Petrotel refinery, marking a shift in strategy after Energy Minister Bogdan Ivan initially argued that the state should take direct control of the facility rather than request additional time under the U.S. sanctions deadline of 21 November. The United States

Romania: Simtel expands renewable portfolio with landmark 52 MW solar power plant Read More »

Romania: Simtel expands renewable portfolio with landmark 52 MW solar power plant

Romanian engineering and technology group Simtel has brought online a 52 MW solar power plant in Giurgiu, now the largest photovoltaic facility in the country built entirely on rehabilitated industrial land. Constructed on the grounds of a former ash disposal site, the plant is expected to generate around 73 GWh of electricity per year. Completed

Hungary emerges as Ukraine’s main gas gateway amid intensified Russian strikes Read More »

Hungary emerges as Ukraine’s main gas gateway amid intensified Russian strikes

The energy implications of the Russian-Ukrainian war have escalated sharply in recent weeks as Ukraine’s gas infrastructure suffers extensive damage. A new analysis by the Oeconomus Economic Research Foundation shows that nearly half of Ukraine’s imported gas now enters the country through Hungary, significantly reshaping regional patterns of energy dependence. Before 2025, Russian attacks mainly

Greece: Mirova acquires JUWI’s 156 MW clover solar portfolio Read More »

Greece: Mirova acquires JUWI’s 156 MW clover solar portfolio

JUWI has reached an agreement to transfer ownership of a group of solar projects with a combined installed capacity of 156 MW in northwestern Greece to Mirova, the Paris-based sustainable investment firm affiliated with Natixis Investment Managers. The deal represents another significant milestone in JUWI’s expanding pipeline of large-scale solar developments in the country. Despite

Region: MOL and Slovnaft accuse JANAF of undermining EU supply security Read More »

Region: MOL and Slovnaft accuse JANAF of undermining EU supply security

Oil companies MOL and Slovnaft have written to the European Commission’s Directorate-General for Competition to raise serious concerns over the conduct of Croatia’s state-owned pipeline operator JANAF, warning that its actions are undermining the security of non-Russian oil supplies. In their letter, the companies state that JANAF recently informed them it would accept already-purchased and

Energy, grid services & balancing markets: MNE as a regional power stabilizer Read More »

Energy, grid services & balancing markets: MNE as a regional power stabilizer

As Western Balkan energy systems modernize, Montenegro’s grid and market position is becoming strategically important. Montenegro can serve as a balancing and flexibility-services provider for neighboring power systems. Hydropower flexibility → Regional stabilization Montenegro’s hydropower plants offer fast ramping capabilities—critical for balancing Serbia’s wind capacity, Albania’s hydropower volatility, and North Macedonia’s thermal decline. Cross-border opportunities Why Montenegro

Serbia: EPS outlines €2 billion hydropower investment strategy through 2035 Read More »

Serbia: EPS outlines €2 billion hydropower investment strategy through 2035

Over the next decade, Serbia is expected to see nearly 2 billion euros invested in its hydropower sector, with around 760 million euros planned for the first three years alone. Of that total, approximately 470 million euros will be directed toward new hydropower developments, according to Radovan Stanić, Assistant General Director for Operations at power

Serbia: NIS ownership shift nears completion as Russia moves to sell its stake Read More »

Serbia: NIS ownership shift nears completion as Russia moves to sell its stake

Russian shareholders have agreed to sell their 56.15% stake in the Serbian oil company NIS, according to Minister of Mining and Energy Dubravka Djedović. She stated that the identity of the potential buyer remains confidential, noting that negotiations are still underway and that naming the party prematurely would be inappropriate while key terms of the

Bulgaria takes control of Lukoil operations as company considers court response Read More »

Bulgaria takes control of Lukoil operations as company considers court response

Russian oil company Lukoil announced that it may pursue legal action if it determines that its rights or legitimate interests have been infringed. The statement came after Bulgaria decided to transfer management authority over Lukoil Neftochim Burgas, Lukoil Bulgaria, and several affiliated companies to a special commercial administrator, effective 17 November 2025. Lukoil stressed that

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