Hungary boosts domestic oil production to record levels in bid for greater energy security
Hungary continues to rely heavily on imported oil, but the country is stepping up efforts to strengthen domestic production as […]
Gas Industry
Bulgaria: President vetoes amendment requiring security agency approval for Lukoil asset sales
Bulgarian President Rumen Radev has vetoed a recently adopted amendment that would have required the State Agency for National Security
Europe: Brent oil and gas prices stable in late October as OPEC+ confirms production increase
Brent crude oil futures for the Front Month on the ICE exchange reached their weekly high of $65.62 per barrel
Europe: Electricity prices rose in late October amid lower wind and solar output, expected to ease in early November
In the last week of October, average electricity prices rose across all major European markets compared to the previous week.
Europe: Electricity demand declined in late October, expected to rise in early November
During the week of October 27, electricity demand declined across most major European markets compared to the previous week. Italy
Europe: Solar and wind energy production declined in late October, recovery expected in early November
During the week of October 27, solar photovoltaic energy production declined across most major European electricity markets compared to the
Understanding how the European electricity market works: Liberalization, pricing and integration
An electricity market is an organized system where various participants—such as power generators, retailers, and large consumers—buy and sell electrical
Romania: Hidroelectrica exceeds one million customers, driving renewable energy transformation
Electricity producer Hidroelectrica has exceeded one million household and business customers on Romania’s retail electricity market, marking a significant milestone
Montenegro: CGES reports €16.7 million profit in first nine months of 2025, slightly down year-on-year
Montenegrin electricity transmission system operator CGES reported a net profit of 16.7 million euros for the first nine months of
Montenegro: Pljevlja coalmine reports €1.4 million loss in first nine months of 2025 after sharp revenue decline
Pljevlja coalmine reported a net loss of approximately 1.4 million euros in the first nine months of 2025, a sharp
Greece boosts regional energy role with €134 million Komotini gas compression station
Greece is preparing to launch a new natural gas compression station in Komotini, northern Greece, marking a significant milestone in
Bulgaria: SUNOTEC signs five-year hedge agreement with Shell Energy Europe to support 600 MWh battery storage project
German-Bulgarian renewable energy company SUNOTEC has signed a five-year cross-border spread hedge agreement with Shell Energy Europe, aimed at ensuring