The environmental approval for the completion of the Cerna-Belareca hydro project has been granted by Romania’s Ministry of Environment, marking an important milestone in the country’s efforts to enhance energy independence. Located in the Baile Herculane, Mehadia, and Cornereva areas of Caras-Severin County, the project is set to increase Romania’s annual electricity generation by 40.2 […]
Hungary: MOL proposes total dividend of 0.68 euros per share for 2024 Read More »
Hungarian oil and gas company MOL has announced that its Board will recommend a total dividend of approximately 0.68 euros per share at the upcoming annual general meeting on April 24. This dividend proposal includes a base dividend of 0.41 euros per share, derived from the company’s 2024 earnings, along with a special dividend of
Croatia, particularly the Podravina basin, is situated above a vast geothermal reservoir with significant potential for renewable energy production. However, challenges persist for investors in the geothermal energy sector, including the absence of tenders for awarding premiums and the limited planned installed capacity of future power plants. On 28 March, INA began exploratory drilling at
RiTE Gacko, the coal mine and thermal power plant, has announced a series of tenders in preparation for a significant overhaul planned for this year. The tenders are aimed at selecting contractors for various critical projects at the facility. One of the tenders focuses on repairs to the piping system of the boiler plant, with
In the first three months of 2025, Russia increased its natural gas exports to Europe via the TurkStream pipeline by 16% compared to the same period in the previous year, reaching a total of 4.51 billion cubic meters. However, in March, exports dropped by 9.5% compared to February 2025, falling to 1.4 billion cubic meters,
Slovenia ends early warning phase for gas supply crisis Read More »
As of 31 March 2025, Slovenia has officially ended the early warning phase of its gas supply crisis, marking the conclusion of the initial stage of the crisis response. According to the Slovenian Government, gas transmission to the country is stable and operating at full capacity, with no disruptions expected due to current conditions in
Montenegrin electricity transmission system operator, CGES, reported a net profit of 24.8 million euros in 2024, marking a decline from the previous year’s net profit of 35.7 million euros. The company’s net sales for the year amounted to 97.7 million euros, a 9.9% decrease compared to 2023. Despite the drop in revenue, operating expenses were
Hungary: MOL completes acquisition of O&GD’s gas fields in Bekes County Read More »
MOL, Hungary’s leading oil and gas company, has announced the successful acquisition of O&GD’s gas fields near Endrod in southeastern Hungary, including the associated infrastructure. The site spans approximately 1,000 square kilometers and contains 29 active wells, currently producing hydrocarbons with a daily output of about 1,000 barrels. This acquisition is expected to significantly contribute
Croatia: Electricity trading on CROPEX in March 2025 Read More »
In March 2025, a total of 1,095,735.5 MWh of electricity was traded on the Croatian energy exchange CROPEX, marking a 7.4% decrease compared to February. Of this, 829,619.8 MWh was traded on the day-ahead market, while 266,115.7 MWh was traded on the intraday market, setting a new monthly volume record for the intraday market. Compared
Bulgaria: IBEX reports decrease in electricity trading volumes and prices in March 2025 Read More »
In March 2025, a total of 2,396,369.9 MWh of electricity was traded on the day-ahead market of the Independent Bulgarian Energy Exchange (IBEX), marking a 7.7% decrease compared to February. The average daily traded volume for the month was 77,302.3 MWh. When compared to the same period in 2024, the traded volume in March was
