Gas Industry

Bulgaria: ICGB launches annual capacity auctions to strengthen regional gas security Read More »

Bulgaria: ICGB launches annual capacity auctions to strengthen regional gas security

ICGB, the operator of the Greece-Bulgaria gas interconnection (IGB pipeline), has announced its annual capacity auctions for the bilateral gas corridor. Firm capacity rights will be available for bidding on July 7, followed by auctions for interruptible capacity on July 21. Capacity at the border points with the Trans-Adriatic Pipeline (TAP) and the Greek gas […]

Bulgaria: Kozloduy NPP unaffected by Danube drop as heat forces shutdowns elsewhere in Europe Read More »

Bulgaria: Kozloduy NPP unaffected by Danube drop as heat forces shutdowns elsewhere in Europe

The Bulgarian nuclear power plant Kozloduy has confirmed that the recent drop in the Danube River’s water level has not affected its operations or electricity production. On July 4, 2025, water depth at the plant’s intake measured 21.50 meters, which remains 0.53 meters above the record low observed at the end of summer in 2003.

Europe: TurkStream becomes sole Russian gas route amid rising flows and temporary dip Read More »

Europe: TurkStream becomes sole Russian gas route amid rising flows and temporary dip

According to data from the European Network of Transmission System Operators for Gas (ENTSO-G), Russian gas exports to Europe via the TurkStream pipeline increased by 7.3 percent year-on-year in the first half of 2025, reaching a total of 8.3 billion cubic meters. Despite this overall growth, June saw a decline in shipments, which dropped by

Coal’s decline in the EU: Sharp drop in production, consumption and reliance on imports Read More »

Coal’s decline in the EU: Sharp drop in production, consumption and reliance on imports

Last year marked a significant decline in coal production and usage across the European Union. Coal output dropped to 242 million tons, while consumption fell to 306 million tons, representing year-on-year decreases of 12 percent and 13 percent, respectively. The most notable reductions occurred between 2022 and 2023, when coal production declined by 21 percent

Romania: Government to introduce fiscal measures including VAT and fuel tax increases to reduce budget deficit Read More »

Romania: Government to introduce fiscal measures including VAT and fuel tax increases to reduce budget deficit

In the coming weeks, the Romanian Government plans to finalize a series of fiscal tightening measures aimed at reducing the budget deficit. Key components of the package include a 10% increase in fuel excise duties and a rise in the standard VAT rate from 19% to 21%, effective August 1. Additional measures under consideration include

Romania: OMV Petrom discovers commercial natural gas at Spineni site, plans major 2025 investments Read More »

Romania: OMV Petrom discovers commercial natural gas at Spineni site, plans major 2025 investments

OMV Petrom, an oil and gas company, has announced a successful natural gas discovery at its Spineni site, located about 70 kilometers northeast of Craiova in southwestern Romania. The Spineni-1 exploration well was drilled to a depth of approximately 4,800 meters. Flow tests showed a commercial output of 180,000 cubic meters of gas per day,

Montenegro: EPCG to keep retail electricity prices steady while exploring new energy investments Read More »

Montenegro: EPCG to keep retail electricity prices steady while exploring new energy investments

Milutin Đukanović, Chairman of the Board at Montenegro’s power utility EPCG, announced that retail electricity prices will remain stable through the end of the year. However, the company plans to review its discount policy, ensuring that households with monthly bills up to 50 euros will continue to receive discounts, protecting low-consumption customers from significant price

Greece: Variable electricity prices surge in July as suppliers push fixed-rate plans Read More »

Greece: Variable electricity prices surge in July as suppliers push fixed-rate plans

In July, the price of variable-rate electricity rose sharply, reaching levels not seen since state support ended earlier this year. Recent supplier announcements show that the average price for a variable “green” kilowatt-hour has climbed to around 0.18 euros, marking increases ranging from 4% to 15%. This price hike is partly due to fluctuations in

Croatia begins environmental review for 99 MW Boksic solar power plant with battery storage Read More »

Croatia begins environmental review for 99 MW Boksic solar power plant with battery storage

Croatia’s Ministry of Environmental Protection and Green Transition has initiated the process to determine if a full environmental impact study is necessary for the proposed 99 MW Boksic solar power plant, which will include an integrated battery energy storage system (BESS). Once operational, the solar facility is expected to produce nearly 120 GWh of electricity

Bulgaria advances nuclear expansion and pump-storage hydropower to support green energy transition Read More »

Bulgaria advances nuclear expansion and pump-storage hydropower to support green energy transition

The Bulgarian Government has placed high priority on expanding the Kozloduy nuclear power plant with two new reactors and developing four additional pump-storage hydropower facilities. These flagship projects aim to establish a secure, competitive, and environmentally friendly energy system aligned with EU climate objectives. Energy Minister Zhecho Stankov announced that unit 7 at Kozloduy is

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