European natural gas prices fell to their lowest point of 2025 on Monday, as intensified diplomatic efforts toward a potential Ukraine ceasefire raised expectations of looser supply conditions. At the TTF hub in Amsterdam, front-month futures dropped by more than 1.9 percent in early trading to 30.43 euros per megawatt-hour. Prices had already weakened late […]
The European Union imported around 4.48 billion euros worth of liquefied natural gas (LNG) from Russia in the first half of 2025, an increase from 3.47 billion euros in the same period of 2024, according to Eurostat. Total EU LNG imports between January and June 2025 amounted to about 26.9 billion euros, with the United
During the second week of August, Brent crude oil Front Month futures on the ICE market remained below $67 per barrel. On August 13, they hit the week’s lowest settlement price of $65.63/bbl, the lowest since June 6. Prices rose on August 14 to the week’s maximum settlement of $66.84/bbl, following a 1.8% increase from
During the second week of August, average electricity prices rose across most major European markets compared to the previous week. Italy’s IPEX market and the MIBEL market for Portugal and Spain recorded the smallest increases at 4.9%, 20%, and 22%, respectively. In contrast, the Nord Pool market in the Nordic countries saw the largest percentage
Europe sees mixed electricity demand trends amid heat wave and holidays Read More »
During the week of August 11, electricity demand rose in most major European markets compared to the previous week. The British market recorded the largest increase at 12% following three consecutive weeks of decline. Belgium continued its upward trend from the previous two weeks, rising 6.2%. Germany and France reversed declines from the last two
Solar and wind energy trends in Europe: August 11–18 forecasts Read More »
During the week of August 11, solar photovoltaic (PV) energy production rose for the third consecutive week in the French and German electricity markets compared to the previous week. The French market experienced the largest increase, up 13%, while Germany saw an 8.0% rise. In contrast, solar PV production declined in Southern European markets, reversing
Rompetrol Rafinare reported strong operational and financial performance in the first half of 2025, driven by higher feedstock processing and increased fuel sales both domestically and internationally. The company continued to support fuel security in Romania and the wider Black Sea region. Combined crude and feedstock processing at the Petromidia and Vega refineries reached approximately
Montenegro: Final turbine foundation completed at Gvozd wind farm Read More »
The final turbine foundation has been poured at the Gvozd wind farm, marking a key milestone for one of Montenegro’s largest renewable energy projects. With a total investment exceeding 80 million euros, the project is located between Nikšić and Šavnik and is expected to play a significant role in the country’s transition to clean electricity.
Crude oil deliveries from Russia to Hungary and Slovakia through the Druzhba pipeline were suspended on Monday after damage occurred at a transformer facility, officials from both countries confirmed. The Druzhba route, which passes through Belarus and Ukraine, remains Hungary’s main channel for crude imports and also supplies Slovakia. Hungarian authorities reported being informed that
Croatia: Electricity output falls in June 2025 as imports and petroleum production rise Read More »
Croatia’s net electricity production in June 2025 amounted to 905 GWh, marking a 5.3% decrease compared to 956 GWh in June 2024, according to short-term energy statistics published by the Croatian Bureau of Statistics. Hydropower plants generated 370 GWh, accounting for 38.7% of total output. Thermal power plants produced 74 GWh (7.7%), wind farms 212
