Gas Industry

Bulgaria: Elliott Investment Management explores strategic acquisition of TurkStream assets and infrastructure Read More »

Bulgaria: Elliott Investment Management explores strategic acquisition of TurkStream assets and infrastructure

Hedge fund Elliott Investment Management is considering acquiring Bulgarian infrastructure assets, including a key section of the TurkStream gas pipeline, which is currently Russia’s only active gas route to Europe. The fund is also interested in related infrastructure such as data centers, cables, and other facilities linked to the pipeline. Although discussions remain preliminary, Elliott […]

Europe: Energy commodity prices remain volatile in mid-May amid geopolitical and market influences Read More »

Europe: Energy commodity prices remain volatile in mid-May amid geopolitical and market influences

During the third week of May, Brent crude oil futures for the Front Month on the ICE market consistently settled above $65 per barrel in most trading sessions. The highest settlement price of the week was recorded on Tuesday, May 13, at $66.63 per barrel—the highest level since April 26. However, prices began to decline

Europe: Electricity prices show mixed trends in mid-May amid shifts in renewable output and demand Read More »

Europe: Electricity prices show mixed trends in mid-May amid shifts in renewable output and demand

During the third week of May, average electricity prices in the main European markets showed varied trends compared to the previous week. The Spanish MIBEL market and the French EPEX SPOT market recorded the highest percentage increases, with prices rising by 47 percent and 140 percent, respectively. Prices also increased in the UK’s N2EX market

Europe: Electricity demand falls in mid-May as temperatures rise, with mixed outlook ahead Read More »

Europe: Electricity demand falls in mid-May as temperatures rise, with mixed outlook ahead

During the week of May 12, electricity demand declined in most major European markets compared to the previous week. Great Britain recorded the largest decrease, with demand falling by 3.7 percent. Germany and Italy followed, with decreases of 1.3 percent and 1.2 percent, respectively. Spain saw the smallest drop, at 0.8 percent. In contrast, Portugal,

Europe: Solar and wind energy output surges in mid-May, with new records set Read More »

Europe: Solar and wind energy output surges in mid-May, with new records set

During the week of May 12, solar photovoltaic energy production increased across the main European electricity markets. France and Italy recorded the largest growth, with increases of 19 percent and 18 percent, respectively. The Iberian Peninsula experienced its second consecutive week of growth, with solar energy production rising by 9.2 percent in Spain and 13

Romania: Photon Energy and Hyperion Renewables to build 34 MW solar power plant Read More »

Romania: Photon Energy and Hyperion Renewables to build 34 MW solar power plant

Photon Energy and Hyperion Renewables have signed an agreement to construct a 34 MW solar power plant in Săliște, Romania. The project will be carried out under an engineering, procurement, and construction (EPC) contract, with plans to expand the plant’s capacity to 38 MW. Construction is set to begin in the third quarter of 2025,

Montenegro: EPCG receives environmental approval for Krupac solar power plant project Read More »

Montenegro: EPCG receives environmental approval for Krupac solar power plant project

Montenegro’s state-owned power utility, EPCG, has received approval for the environmental impact assessment (EIA) study for the construction of the Krupac solar power plant. The facility will be located on three sites along the shores of Lake Krupac near Nikšić, covering a total area of approximately 118 hectares. The project, estimated at around 28.2 million

Greece: Unpaid electricity bills in soar to €3.4 billion amid rise in strategic defaulters Read More »

Greece: Unpaid electricity bills in soar to €3.4 billion amid rise in strategic defaulters

In 2024, unpaid electricity bills in Greece surged by nearly 40% compared to the previous year, reaching a total of 3.4 billion euros, according to the energy market regulator RAAEY. This marks a sharp increase from the 2.4 billion euros recorded in 2023, underscoring the growing difficulties faced by both households and businesses in meeting

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