Gas Industry

Croatia: INA reports 2024 net profit of 156 million euros and approves 120 million euro dividend distribution Read More »

Croatia: INA reports 2024 net profit of 156 million euros and approves 120 million euro dividend distribution

Croatian oil company INA presented its consolidated and unconsolidated financial reports for 2024 at this week’s General Assembly meeting, alongside the independent auditor’s report. In 2024, INA reported a net profit of just over 156 million euros. From this amount, about 7.8 million euros will be placed into statutory reserves. The company plans to distribute

Croatia adds 10 MW Dugopolje solar power plant to national grid Read More »

Croatia adds 10 MW Dugopolje solar power plant to national grid

Croatia’s electricity network has been strengthened by the addition of the Dugopolje solar power plant, which has a capacity of 10 MW. The project marks another milestone in the country’s ongoing expansion of renewable energy. The solar facility was developed by Koncar, with state-owned HEP Proizvodnja serving as the investor. The entire project was implemented

Albania: Gramozi Green Energy plans 38 MW photovoltaic plant in Kolonja Read More »

Albania: Gramozi Green Energy plans 38 MW photovoltaic plant in Kolonja

Albania’s energy ministry announced it has received an expression of interest from the local renewable energy company Gramozi Green Energy to construct a 38 MW photovoltaic plant near the southeastern town of Kolonja. The project is a fully private investment and will not benefit from any government partnership or incentives, according to a notice from

Bulgaria: EIB to support transition from coal to clean energy at Maritsa East Complex Read More »

Bulgaria: EIB to support transition from coal to clean energy at Maritsa East Complex

Bulgaria will receive advisory support from the European Investment Bank (EIB) for the greening of the Maritsa East Complex, one of Europe’s largest coal-fired power sites. The power plant produces up to 35 per cent of the country’s electricity. According to the agreement that was signed, EIB Advisory will collaborate with the Bulgarian Ministry of

Montenegro: EPCG seeks international partner for Komarnica hydropower project Read More »

Montenegro: EPCG seeks international partner for Komarnica hydropower project

Montenegro’s state-owned power utility Elektroprivreda Crne Gore plans to include an international partner in the development of the Komarnica hydropower project. The company cited the experiences of Norway, Austria, and France. The plant, with a proposed capacity of 172 MW, is expected to have an annual production of around 213 GWh. Elektroprivreda Crne Gore (EPCG)

Region: Greece-Bulgaria gas interconnector transports over 34.5 million MWh since commercial launch Read More »

Region: Greece-Bulgaria gas interconnector transports over 34.5 million MWh since commercial launch

Since its commercial launch at the end of 2022, the Greece-Bulgaria Gas Interconnector (IGB) has transported more than 34.5 million MWh of natural gas, according to an announcement by the pipeline’s operator on June 6. During the summer months, the IGB covers over 60% of Bulgaria’s natural gas supply, while in the winter this drops

Slovenia: New 466 kW solar power plant begins operation at Brestanica gas-fired facility Read More »

Slovenia: New 466 kW solar power plant begins operation at Brestanica gas-fired facility

A new solar power plant with a capacity of 466 kW has officially started generating electricity at the Brestanica gas-fired power plant, marking a significant milestone in expanding renewable energy at the state-owned facility in the municipality of Krsko. The photovoltaic system was installed by GEN-I Sonce, a subsidiary of the energy company GEN-I. The

Region: Preparations underway for Serbia–Hungary oil pipeline construction Read More »

Region: Preparations underway for Serbia–Hungary oil pipeline construction

Preparations are progressing for the construction of the Serbia–Hungary oil pipeline, with authorities working to secure the necessary location conditions. The upcoming stages will involve drafting the main design required for obtaining a construction permit and conducting an environmental impact assessment. These measures aim to accelerate the start of construction, according to Serbia’s Minister of

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