The Slovenian energy provider GEN-I ended 2024 with net earnings of 36 million euros, representing a 45.3 percent increase compared to the previous year. The group’s EBITDA rose to 52.4 million euros in 2024, marking a 41.9 percent growth. Looking forward, GEN-I expects its net profit to decline to 25.6 million euros in 2025, with […]
Montenegrin electricity transmission system operator CGES has initiated a procurement process for two 400/110 kV, 300 MVA power transformers, marking the beginning of a 36 million euro modernization project for the Brezna substation in northwestern Montenegro. The upgrade will convert the current 110/35 kV installation into a three-voltage 400/110/35 kV facility, which will be connected
Greece has reaffirmed its determination to eliminate dependence on Russian natural gas, which still made up 43.7 percent of its gas imports in the first half of 2025. However, Athens has set three firm conditions: energy prices for consumers must not rise, there must be no pathway for Russian gas to reenter the European Union
Croatia sees decline in electricity production and surge in energy imports in May 2025 Read More »
According to short-term energy statistics published by the Croatian Bureau of Statistics, Croatia’s net electricity production in May 2025 totaled 981 GWh, marking a 2 percent decrease compared to May 2024, when production reached 1,001 GWh. Out of the total electricity generated in May, 516 GWh or 52.6 percent came from hydropower plants. Thermal power
Croatia: CROPEX sets new intraday trading record as market embraces 15-minute products Read More »
CROPEX’s intraday continuous market set a new record for the delivery day of July 17, 2025, in trading 15-minute products, reaching a volume of 3,189.4 MWh. In addition, 60-minute products recorded a trading volume of 11,386.6 MWh, bringing the total daily volume to 14,576 MWh. This new peak surpasses the previous intraday volume record of
Bulgaria: IBEX sets new intraday trading record with 32,221 MWh on July 17, 2025 Read More »
The Independent Bulgarian Energy Exchange (IBEX) set a new daily record on its intraday market segment using the continuous trading mechanism for the delivery day of July 17, 2025. A total of 32,221.23 megawatt-hours (MWh) was traded, marking a 41 percent increase compared to the previous record of 22,881.33 MWh, which was set for the
Just months after the Hungarian company Lugos Renewables withdrew from its majority stake in the Trebinje 1 solar power plant project, another Hungarian company, Mayer NRG, took over the 70 percent share in the 50 million euro venture. The remaining 30 percent is still held by the state-owned power utility ERS. In January, the Government
Albania launches second internship call to boost youth employment in oil and gas sector Read More »
Deputy Prime Minister and Minister of Infrastructure and Energy, Belinda Balluku, has announced the launch of the second round of internships for students specializing in oil and gas, offering them the opportunity to join the state-owned company Alpetrol. “In 2024, the Ministry of Infrastructure, in cooperation with Alpetrol, initiated a new project aimed at young
Kazakhstan and Hungary finalize oil volume deal, but pricing talks delay first shipments Read More »
Kazakhstan’s national oil company KazMunayGaz and Hungary’s MOL Group have agreed on the volume of Kazakh oil to be delivered by pipeline to Budapest, though negotiations over pricing are still ongoing. In February, Hungary reached an agreement to import Kazakh crude following the European Union’s decision to completely phase out Russian oil imports by the
By the end of 2025, Greece is set to commission three significant gas infrastructure projects that will strengthen its position as an energy hub in southeastern Europe. According to DESFA, the country’s natural gas transmission system operator, two new compressor stations located in Komotini and Ampelia, along with a high-pressure pipeline serving western Macedonia, will
