Gas Industry

Croatia: HEP upgrades submarine cable network to secure power supply for islands Read More »

Croatia: HEP upgrades submarine cable network to secure power supply for islands

Electricity distribution operator HEP ODS has completed the installation of a new 20 kV submarine cable connecting Tribunj on the mainland with the islands of Logorun and Kaprije. Spanning 8,150 meters, the cable strengthens energy security for Kaprije and finalizes an electric ring supplying the Šibenik archipelago. Similar installations were carried out in June on […]

Europe: Brent oil, TTF gas and CO2 futures show volatility amid geopolitical tensions and market demand Read More »

Europe: Brent oil, TTF gas and CO2 futures show volatility amid geopolitical tensions and market demand

Brent oil futures for the Front Month on the ICE market reached their lowest weekly settlement price of $73.23 per barrel on Monday, June 16. Prices then climbed, remaining above $75 per barrel for the rest of the week. The peak weekly settlement price was $78.85 per barrel on Thursday, June 19 — the highest

Europe: Electricity prices rise in mid-June amid market variations Read More »

Europe: Electricity prices rise in mid-June amid market variations

In the third week of June, average electricity prices increased in most major European markets compared to the previous week, with the notable exception of the Nordic countries’ Nord Pool market, which saw a 37% drop. France’s EPEX SPOT market experienced the largest percentage increase at 83%. Other markets analyzed by AleaSoft Energy Forecasting showed

Europe: Solar power hits records in mid-June; wind energy shows mixed trends Read More »

Europe: Solar power hits records in mid-June; wind energy shows mixed trends

In the week of June 16, solar photovoltaic energy production rose in most major European electricity markets compared to the previous week. The French, German, and Spanish markets continued their upward trends, with France experiencing the largest increase of 28%, followed by Germany at 12%, and Spain at 11%. The Portuguese market reversed its previous

Bulgaria: OMV Petrom and Enery partner on 400 MW Gabare solar project Read More »

Bulgaria: OMV Petrom and Enery partner on 400 MW Gabare solar project

OMV Petrom and Enery have entered into a strategic partnership to develop a major solar power project near Byala Slatina, close to Sofia, Bulgaria. Under the agreement, OMV Petrom will acquire a 50 percent stake in Dunav Solar Plant—the company managing the Gabare solar project—from Enery Element. The planned Gabare solar facility will have an

Romania supports two new solar projects with Modernization Fund backing Read More »

Romania supports two new solar projects with Modernization Fund backing

Romania is moving forward with its clean energy goals by supporting two new solar power projects through the Modernization Fund. The first project, developed by Brasov Renewables, involves the construction of a 30.8 MW solar power plant, which will also include a 6.2 MWh battery storage system. The total investment exceeds 28 million euros, with

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