Serbia boosts emergency fuel reserves amid sanctions pressure on NIS Read More »

Serbia boosts emergency fuel reserves amid sanctions pressure on NIS

Serbia has intensified efforts to strengthen its emergency fuel reserves in the coming weeks. As part of the plan, the state is arranging deliveries of 38,000 tons of petrol, approximately 66,000 tons of diesel, and an additional 86,000 tons of crude oil to reinforce national stockpiles. Energy Minister Dubravka Đedović announced the measures during consultations […]

Serbia seeks short-term extension of Gazprom gas deal amid EU policy uncertainty Read More »

Serbia seeks short-term extension of Gazprom gas deal amid EU policy uncertainty

Serbia’s long-term natural gas strategy has entered a period of uncertainty, prompting Belgrade to prioritize extending its current supply arrangement with Russia’s Gazprom rather than securing a new multi-year agreement. According to Srbijagas Director Dušan Bajatović, the EU’s plan to gradually phase out imports of Russian pipeline gas and LNG has fundamentally reshaped the negotiating

Romania: Transgaz net profit soars to €136 million, nearly fivefold increase year-on-year Read More »

Romania: Transgaz net profit soars to €136 million, nearly fivefold increase year-on-year

Romania’s natural gas transmission system operator Transgaz posted a significant improvement in its financial results for the first nine months of 2025, with consolidated net profit rising to €136.4 million—almost five times higher than during the same period in 2024. The surge in profitability was driven by strong revenue growth combined with only moderate increases

Romania: Transelectrica’s nine-month profit drops 56% amid lower revenues and higher costs Read More »

Romania: Transelectrica’s nine-month profit drops 56% amid lower revenues and higher costs

Romania’s electricity transmission system operator Transelectrica closed the first nine months of 2025 with a net profit of €36.6 million, representing a steep 56% decline compared to the same period last year. The downturn reflects a combination of shrinking revenues and rising operational costs across several business segments. Total operating revenues fell slightly to €343

Montenegro: Gvozd wind farm nears trial operations for late 2025 Read More »

Montenegro: Gvozd wind farm nears trial operations for late 2025

Montenegro’s state-owned power utility EPCG is advancing steadily toward the commissioning of its first wind power plant, the 55 MW Gvozd project, with trial operations expected to begin before the end of 2025. Installation of the turbines, supplied by Germany’s Nordex, began in October. According to project manager Nikola Vukotić, the transport of all turbine

Region: Chevron joins bidders eyeing Lukoil’s international assets after U.S. sanctions shift Read More »

Region: Chevron joins bidders eyeing Lukoil’s international assets after U.S. sanctions shift

US energy giant Chevron is evaluating selective opportunities to acquire parts of the international portfolio of Russian oil company Lukoil, which is currently under US sanctions. The move comes after the US Department of the Treasury last week granted potential buyers permission to engage in preliminary discussions with Lukoil regarding its overseas assets. With this

Europe must double grid investment to meet 2050 targets, industry says Read More »

Europe must double grid investment to meet 2050 targets, industry says

More than one-third of Europe’s low-voltage electricity networks are already over 40 years old, and without decisive action that share could rise to 90% by 2050. Eurelectric, the association representing the European electricity industry, warns that the continent’s climate and energy goals are in jeopardy unless network expansion, modernization and digitalization accelerate significantly. Ahead of

Europe: Electricity prices fall in most markets as wind output rises Read More »

Europe: Electricity prices fall in most markets as wind output rises

During the second week of November, average electricity prices fell in most major European markets compared to the previous week. The only exceptions were Italy’s IPEX market and the Nordic Nord Pool market, where prices rose by 3.8% and 6.1%, respectively. France’s EPEX SPOT market recorded the largest decrease, with prices dropping by 34%. In

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