During a visit to the coal-fired thermal power plant Maritsa East 2, Bulgarian Energy Minister Zhecho Stankov underscored the critical role of the Maritsa East mining complex in ensuring the country’s energy supply. He announced that the complex is expected to provide nearly half of the electricity required for household consumption in Bulgaria, underlining its […]
Europe: Natural gas prices surge amid Middle East Tensions and Strait of Hormuz risks Read More »
In Week 24 of 2025, natural gas prices in Europe surged amid rising geopolitical tensions in the Middle East. The escalation began after Israel launched a series of strikes on Iran, sparking fears of a broader conflict in a region critical to global energy supplies. This unrest, coupled with forecasts of high temperatures and reduced
In Week 24 of 2025, electricity market prices declined across all Southeast European (SEE) countries except Italy and Türkiye. Despite ongoing tensions in the Middle East and rising gas prices, European electricity prices have generally decreased recently. This trend was mainly driven by increased renewable energy production and high gas reserve levels. The week started
Slovenia: Distributors to invest over €150 million in smart grid modernization by 2026 Read More »
Slovenia’s five leading electricity distribution companies—Elektro Primorska, Elektro Ljubljana, Elektro Gorenjska, Elektro Celje, and Elektro Maribor—are set to invest more than €150 million by March 2026 to modernize the national electricity network and integrate smart grid technologies. These companies, which operate the country’s regional electricity infrastructure under the coordination of system operator ELES, plan to
Romania: Retele Electrice launches €26 million tender to upgrade power grid Read More »
Retele Electrice Romania, part of the PPC group, has launched a major public procurement process to acquire advanced equipment for modernizing the national electricity distribution network. The tender, valued at over €26 million (excluding VAT), focuses on purchasing 24 kV prefabricated equipment for secondary substations, supporting investment projects planned for 2025 and 2026. This initiative
Montenegro: Jugopetrol to pay €1.29 dividend per share from retained profits Read More »
Montenegrin fuel retailer Jugopetrol has announced it will distribute a gross dividend of €1.29 per share for this year, maintaining the same payout as the previous year. The decision was made despite the company choosing to retain its entire 2024 net profit of €7.14 million. Instead of using current-year earnings, Jugopetrol will fund the €6
Hungary to import up to 8.5 billion cubic meters of Russian gas in 2025 Read More »
Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó announced that Hungary plans to import between 8 and 8.5 billion cubic meters of natural gas from Russia this year. He stated that the country is already receiving gas under a long-term contract, which has so far ensured the delivery of 4.5 billion cubic meters. In
Bulgaria advances Vertical Gas Corridor as regional energy hub Read More »
Bulgarian Energy Minister Zhecho Stankov announced that another shipment of pipes is expected to arrive at the port of Burgas in the coming weeks, marking continued progress on the Vertical Gas Corridor project. He emphasized Bulgaria’s growing role as a key player in ensuring regional energy stability through the development of critical infrastructure. Minister Stankov
Bosnia and Herzegovina: Tuzla officials oppose gas storage project over safety concerns Read More »
Plans to build Bosnia and Herzegovina’s first natural gas storage facility have sparked strong opposition, particularly from representatives of the Tuzla region. The proposed site, Tetima, is located near the exhausted wells of a salt mine, which many locals consider a serious threat to public safety. In response, local representatives have launched an initiative to
Romania: Engie expands renewable portfolio with new 37.2 MW solar power plant in Prahova Read More »
Engie Romania has completed its sixth solar power plant in Aricestii Rahtivani commune, Prahova county, with an installed capacity of 37.2 MW. This marks a significant step in the company’s renewable energy expansion and commitment to the energy transition. The new facility covers 57 hectares and is expected to generate about 57 GWh of clean
