During Week 49 of 2025, electricity prices across Southeast Europe (SEE) showed a mixed performance, rising in five of the eight SEE countries despite lower TTF gas futures, while the remaining SEE markets recorded moderate declines. Except for Türkiye, all SEE markets posted weekly average prices above €120/MWh, bringing the regional average to around €128/MWh. […]
Romania grants OMV Petrom and Romgaz two-year extension for Neptun Deep exploration Read More »
Romania has granted OMV Petrom and Romgaz a two-year extension for exploration activities in the Neptun Deep offshore block, moving the deadline to November 2027 while keeping the overall concession period unchanged through 2045. The extension allows the partners additional time to complete their exploration commitments, including a new deep-water drilling campaign. As part of
Romania: Premier Energy plans new gas-fired balancing plant to support renewables Read More »
Premier Energy has announced plans to expand its flexible generation assets during its latest investor call. The company is preparing to build a 20 MW gas-fired cogeneration and balancing plant in Braila, while also assessing a second potential site elsewhere in Romania. The new facilities aim to support and stabilize Premier Energy’s growing renewable energy
Montenegro launches €11 million tender to build mandatory oil reserves Read More »
The Montenegrin Hydrocarbons Administration has issued a tender worth 11 million euros for the purchase of 16,500 metric tons (approximately 19.6 million liters) of fuel to initiate the country’s mandatory oil reserves. The tender calls for EN 590-grade diesel with strict conditions: it must be produced after 21 January 2026 and cannot be derived from
Croatian oil company INA has confirmed new natural gas reserves in the Northern Adriatic development area, a discovery that could significantly strengthen Croatia’s domestic gas output. The find follows the drilling of the first of two planned development wells from the existing IKA-A production platform, using CROSCO’s Labin jack-up rig. Drilling of the IKA A-1
In November 2025, a total of 1,182,744.1 MWh of electricity was traded on the Croatian energy exchange (CROPEX), representing an 18.4% decrease compared to October. Of this volume, 919,987.2 MWh was traded on the day-ahead market, while 262,756.9 MWh was exchanged on the intraday market. Despite the monthly decline, the traded volume was 27% higher
The Western Balkans and Southeast Europe are entering a new strategic energy era, one in which electricity — its production, exchange, security, and geopolitical meaning — carries more weight than gas pipelines ever did. By 2035, the region’s power map will look radically different from anything recognizable today. Coal will decline, hydropower will fluctuate under
In the first week of December, Brent oil Front Month futures on the ICE market reached their weekly minimum settlement price of $62.45/bbl on Tuesday, December 2, the lowest level since October 22. Prices then recovered, with the weekly maximum hitting $63.75/bbl on Friday, December 5, 0.9% higher than the previous Friday. After a 2.0%
In the first week of December, average electricity prices fell in most major European markets compared to the previous week. The exception was the Nord Pool market of the Nordic countries, which saw a 20% increase. The Italian IPEX market registered the smallest decline at 0.4%, while France’s EPEX SPOT market experienced the largest drop,
In the first week of December, electricity demand increased in most major European markets. The Belgian market saw the largest rise at 6.2%, followed by a 0.9% increase in Great Britain. Both markets reversed the downward trend observed the previous week. In Germany, Italy, Portugal, and Spain, demand rose between 0.2% in Germany and 0.6%
