Hungary and Romania have reached an agreement to deepen cooperation on extending the operational lifetimes of their nuclear power plants—Paks in Hungary and Cernavoda in Romania. The announcement came from Hungarian Foreign Minister Peter Szijjártó during his visit to Bucharest, where he emphasized Romania’s growing strategic importance in Hungary’s overall energy security framework. Szijjártó stated […]
Hungary: Foreign Minister offers support as Serbia faces oil supply crisis Read More »
Hungarian Foreign Minister Peter Szijjártó arrived in Belgrade to discuss how Hungary can help Serbia after the suspension of crude oil deliveries from Croatia. His visit comes amid growing concerns in Serbia, following President Aleksandar Vučić’s warning that the NIS refinery in Pančevo could halt operations within days unless US sanctions are lifted, potentially disrupting
Slovenia: Net electricity generation drops 49% in October 2025 Read More »
Slovenia’s net electricity generation fell sharply in October 2025, declining by 49 percent compared to the same month last year, according to data from the Statistical Office of the Republic of Slovenia. Total net output reached 766 GWh, an 18 percent decrease from September. Thermal power plant generation increased by 7 percent year-on-year, while hydropower
Montenegro: Qair proposes new major solar investment near Nikšić Read More »
Qair Montenegro has submitted documentation for another large solar investment in the municipality of Nikšić, seeking environmental approval for a new photovoltaic plant with an installed capacity of nearly 60 MW. The project, named Petrovici, is planned in the settlement of the same name and will cover an area of about 51.2 hectares. According to
North Macedonia maintains full domestic electricity supply in September 2025 Read More »
Electricity consumption in North Macedonia reached 373,518 MWh in September 2025, while natural gas use totaled 19.4 million cubic meters. Coal consumption amounted to 368,114 tons, and the use of petroleum products stood at 95,577 tons. According to the State Statistical Office, domestic production covered 100 percent of electricity demand during the month, and 99.9
Greece moves forward with long-delayed Mesochora hydropower plant Read More »
The Greek Ministry of Environment and Energy has confirmed that the long-delayed Mesochora hydropower plant in Trikala will finally advance, bringing an end to more than two decades of legal battles and halted construction. Although the project was officially revived in 2021–2022, decisive action is only now being taken to move it toward completion. A
European natural gas futures fell below €31/MWh in the third week of November 2025, as forecasts pointed to milder weather and optimism grew around renewed peace efforts in Ukraine. The latest U.S. proposal raised hopes that a negotiated settlement could ease geopolitical tensions and potentially relax sanctions on energy exports—both of which exerted downward pressure
SEE electricity markets diverge: Prices ease, demand rises, wind power soars Read More »
During Week 47 of 2025, electricity prices in Southeast Europe (SEE) declined moderately across most markets compared to Week 46, largely due to falling gas prices. With the exception of Greece, all SEE markets posted weekly average prices above €100/MWh, while the regional average hovered around €110/MWh. Prices began the week at elevated levels, peaked
Europe: Brent falls to one-month low as peace talks pressure oil and gas markets Read More »
Brent crude futures for the Front Month on the ICE exchange hit their weekly peak of $64.89/bbl on Tuesday, November 18, before shifting into a downward trend. By Friday, November 21, they had fallen to $62.56/bbl, marking the week’s lowest settlement price—2.8% below the previous Friday and the lowest level since October 22, according to
In the third week of November, average electricity prices rose across all major European power markets compared to the previous week. Italy’s IPEX market posted the smallest increase at 3.3%, while the Nordic Nord Pool market and France’s EPEX SPOT market recorded the most dramatic jumps, with prices surging by 113% and 179%, respectively. In
