Volatility is no longer cyclical: How shocks now propagate across Europe’s energy system
For much of Europe’s post-liberalisation energy history, volatility was understood as a cyclical phenomenon. Prices rose and fell in response […]
Gas Industry
One energy system, three fuels: Why Europe no longer has separate power, gas, and oil markets
For most of the modern history of European energy policy, electricity, natural gas, and oil were treated as adjacent but
From power flows to industrial costs: How EU electricity volatility reshapes competitiveness in southeast Europe
For decades, electricity was treated by industry as a predictable input. Prices fluctuated within narrow bands, supply security was largely
Flexibility without reward: Why southeast Europe balances Europe’s power system but captures none of the value
In the emerging architecture of Europe’s electricity system, flexibility has become the most valuable attribute a power asset can possess.
Europe’s variable power system: How wind, solar and nuclear reshaped electricity flows from the EU core to southeast Europe
For most of the past half-century, Europe’s electricity system could be understood through a relatively simple lens. Power was generated
EU electricity under CBAM: Why Southeast Europe is structurally exposed
The inclusion of electricity in the European Union’s Carbon Border Adjustment Mechanism marks a quiet but profound shift in how
Romania: Greenvolt to sell 253 MW Ialomița wind farm to Engie
A wind project in southeastern Romania is set to change ownership as Portuguese renewable energy group Greenvolt moves forward with
Romania: OMV Petrom commissions €45m sulfur recovery unit at Petrobrazi Refinery
OMV Petrom has commissioned a major new processing facility at its Petrobrazi refinery, strengthening both environmental performance and operational flexibility
Romania plans €30bn grid expansion to integrate electricity market with Western Europe
Romania is preparing for a major upgrade of its electricity interconnections under a large-scale EU-backed investment program aimed at integrating
Hungary signs first long-term US LNG deal to boost energy security and diversification
Hungary has taken a significant step toward diversifying its energy imports by signing a long-term liquefied natural gas (LNG) supply
Bulgaria: Westinghouse expands industry role in Kozloduy AP1000 nuclear project
Westinghouse has further reinforced Bulgaria’s domestic industrial base supporting the country’s new nuclear build by signing an additional set of
Europe: Gas prices near €27/MWh amid record LNG imports and geopolitical shifts
During mid-December 2025, European natural gas prices continued their downward trajectory, approaching around €27/MWh, near levels not seen since early