Gas Industry

Region: Weekly update on SEE electricity market prices and trends Read More »

Region: Weekly update on SEE electricity market prices and trends

In Week 39 of 2024, electricity prices across the Southeast European (SEE) market continued their downward trend compared to Week 38. Contributing factors to this decline included reduced average prices for gas and CO2 emission allowances, alongside a decrease in demand. Most countries in the SEE region saw electricity prices drop, with the exception of […]

SEE region: Eurohold launch 500-million-euro arbitration proceedings against Romania Read More »

SEE region: Eurohold launch 500-million-euro arbitration proceedings against Romania

Eurohold Bulgaria and Euroins Insurance Group AD have officially filed a request for arbitration against the government of Romania at the International Centre for Settlement of Investment Disputes in Washington. The claim is more than 500 million euros. The action comes after the Romanian financial authority ASF wirhdreww the licence of Euroins Romania in March

Western Balkans: Alcazar receives 490 million USD to finance renewables Read More »

Western Balkans: Alcazar receives 490 million USD to finance renewables

Luxembourg infrastructure fund Alcazar Energy Partners II has reached a final closing of US$490 million after successfully acquiring the project rights for its first two wind farms in the Western Balkans, totaling 456 MW. Since first closing in November 2022, the fund has attracted eight additional investors, including the US International Development Finance Corporation (DFC).

Bulgaria: ICGB initiated binding faze for Greece- Bulgaria gas pipeline capacity expanding Read More »

Bulgaria: ICGB initiated binding faze for Greece- Bulgaria gas pipeline capacity expanding

The operator of the Greece-Bulgaria natural gas pipeline, ICGB, launched the binding phase of market testing for expanding the pipeline’s capacity from 3 to 5 billion cubic metres annually. In collaboration with natural gas transmission system operators, ICGB has published notices for the binding phase to gauge market interest in booking the pipeline’s incremental capacity,

Bulgaria: Bulgartransgaz chooses contractors for the Vertical Gas Corridor expansion Read More »

Bulgaria: Bulgartransgaz chooses contractors for the Vertical Gas Corridor expansion

Gas transmission operator Bulgartransgaz has successfully finalized the most important public procurement related to the implementation of the Vertical Gas Corridor concept, the company said in a press release. This procurement covers spatial planning, investment design, procurement of necessary materials and equipment, construction, and commissioning of new sites to expand Bulgartransgaz EAD’s gas transmission infrastructure.

Croatia: Statkraft takes over Neoen’s portfolio of projects Read More »

Croatia: Statkraft takes over Neoen’s portfolio of projects

This includes all of Neoen’s projects in the early stages of development: wind power projects, solar power projects, as well as battery energy storage system (BESS) projects. Neoen has been present in Croatia since mid-2020, while Statkraft started its operations in Croatia in 2021. Now, having received all necessary regulatory approvals, Statkraft will initiate its

Greece: The share of electricity produced in gas-fired power plants to decrease by 73% in 2030 Read More »

Greece: The share of electricity produced in gas-fired power plants to decrease by 73% in 2030

Greek gas-fired power plants are planned to contribute a total of 5.4 TWh to the energy mix in 2030, down from 19 TWh in 2022, a 72 percent reduction that will be unavoidable as a result of the influx of more renewables, Aristotelis Aivaliotis, the energy ministry’s General Secretary of Energy and Natural Resources, has

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