In March 2025, electricity trading on North Macedonia’s day-ahead electricity exchange reached a total volume of 97,069.6 MWh. This represents a significant 44.9 percent increase compared to the 67,003.4 MWh recorded in March 2024, highlighting the continued development of the country’s electricity market. Despite the year-on-year growth, the traded volume was 15.3 percent lower than […]
Hungary has taken another step forward in its plans to expand the Paks nuclear power plant, as production begins on key components for two new reactor units. In Russia, fabrication is underway on the reactor vessel for Unit 6, while in France, the first parts of the turbine for Unit 5 are now being manufactured.
HDZ BiH leader Dragan Covic met in Mostar with Croatian Economy Minister Ante Susnjar and Ivica Arar, CEO of Croatia’s natural gas transmission system operator Plinacro. The meeting focused on energy cooperation, with Plinacro identified as a crucial partner in Bosnia and Herzegovina’s energy transition and the Southern Gas Interconnection project. According to a statement
Serbian state-owned gas company Srbijagas is currently in a dispute with Gas Promet from Pale, located in the Republic of Srpska (RS), over unresolved property and legal matters. The conflict arose after Srbijagas initiated legal proceedings against Gas Promet, which denies owing a debt of 1.5 million euros and refuses to record it in its
Hungary leads the world in solar power share as global renewables surge Read More »
A new report from the energy think tank Ember on global electricity trends in 2024 highlights Hungary as the leading country in terms of solar energy share, with solar accounting for 25 percent of its total electricity production. This pushed Hungary ahead of both Chile and Greece, which each had a 22 percent share. In
Plamen Mladenovski, the newly appointed Chairman of the Bulgarian Commission for Energy and Water Regulation (KEVR), has said that natural gas prices in the country could decrease by at least 10% in the near future, as global market prices continue to decline. He pointed out that KEVR has already reduced natural gas prices for April
Bulgaria: US tariffs unlikely to impact Kozloduy nuclear expansion Read More »
Bulgarian Energy Minister Zhecho Stankov has expressed confidence that potential U.S. tariffs will not affect the budget for constructing Units 7 and 8 at the Kozloduy nuclear power plant. Responding to media inquiries, Minister Stankov stated that he does not foresee any import duties or tariffs being imposed on the nuclear reactors—either by the United
Bosnia and Herzegovina: Aarhus Center criticizes Southern Gas Interconnection project Read More »
The Aarhus Center in Bosnia and Herzegovina (BiH) has raised serious concerns about the planned Southern Gas Interconnection project between Croatia and the Federation of Bosnia and Herzegovina (FBiH), questioning both its economic feasibility and environmental sustainability. The project, jointly promoted by Croatian operator Plinacro and BH-Gas, envisions a 243-kilometer pipeline with a capacity of
Europe: Gas prices plunge amid global market turmoil and US tariff concerns Read More »
European natural gas prices began the week with a sharp decline, driven by a broader global market sell-off sparked by the United States’ recent introduction of reciprocity-based tariffs. At the Title Transfer Facility (TTF) in the Netherlands, Europe’s most liquid gas trading hub, May contracts opened at 35 euros per megawatt-hour (MWh), marking a drop
In the first week of April, Brent oil futures for the Front Month on the ICE market remained above $74 per barrel during the first three sessions. On April 2, the futures reached a weekly peak settlement price of $74.95 per barrel, marking the highest level since February 21. However, by Thursday and Friday, prices
