Gas Industry

Hungary: March 2025 sees significant drop in electricity prices on HUPX day-ahead market Read More »

Hungary: March 2025 sees significant drop in electricity prices on HUPX day-ahead market

In March 2025, the average electricity price on the day-ahead market of the Hungarian energy exchange HUPX dropped significantly, reaching 108.9 euros/MWh. This marks a 31% decrease compared to February’s average baseload price of 158.88 euros/MWh. The average peak price on the HUPX day-ahead market also saw a notable decline, falling by 40% to 100.61 […]

Greece: Bio-LNG set for introduction as DESFA nears certification for Revythoussa terminal Read More »

Greece: Bio-LNG set for introduction as DESFA nears certification for Revythoussa terminal

The bio-LNG sector is gaining traction and is set to make its formal debut in the Greek market once DESFA, the country’s natural gas transmission system operator, secures certification for the Revythoussa LNG terminal, located near Athens. The certification process is expected to be completed by the end of the year. The approval will address

Greece: RWE and PPC to build 567 MW solar projects as part of clean energy push Read More »

Greece: RWE and PPC to build 567 MW solar projects as part of clean energy push

Energy giants RWE and PPC are advancing Greece’s clean energy transition through their joint venture, Meton Energy, which has made a final investment decision to proceed with the construction of two large-scale solar projects in Central Macedonia. The Kotyli and Neo Syrakio solar plants will have a combined capacity of 567 MW and are expected

Bosnia and Herzegovin: Court overturns environmental approvals for Vranduk and Janjici hydropower projects Read More »

Bosnia and Herzegovin: Court overturns environmental approvals for Vranduk and Janjici hydropower projects

The Cantonal Court in Sarajevo has annulled two decisions made by the Federal Ministry of Environment and Tourism regarding the proposed construction of the Vranduk and Janjici hydropower plants. These projects, with a combined capacity of 36 MW, are being developed by the state-owned power utility EPBiH and are planned to be built on the

Bosnia and Herzegovina’s untapped solar potential: Challenges and opportunities for growth Read More »

Bosnia and Herzegovina’s untapped solar potential: Challenges and opportunities for growth

Bosnia and Herzegovina (BiH) has significant solar energy potential, with only about 400 MW of its potential utilized so far. The main barriers to further development are issues with grid connection and a lack of incentive programs for households. Although BiH has a strong solar capacity, with panels operating 1,300 to 1,400 hours annually—20% more

Romania: Hidroelectrica to complete long-delayed Rastolita hydropower plant by 2025 Read More »

Romania: Hidroelectrica to complete long-delayed Rastolita hydropower plant by 2025

Romanian electricity producer Hidroelectrica is set to complete the long-awaited Rastolita hydropower plant in Mures County by the end of 2025, following government approval to clear over 30 hectares of forest to finalize construction. Energy Minister Sebastian Burduja confirmed that the plant is 89% complete, with more than 144 million euros already invested in the

Montenegro: EPCG confirms stable electricity prices amid TPP Pljevlja reconstruction Read More »

Montenegro: EPCG confirms stable electricity prices amid TPP Pljevlja reconstruction

Montenegrin state-owned power utility EPCG has confirmed that electricity prices will remain unchanged for the time being. As the ecological reconstruction of thermal power plant Pljevlja begins, a process expected to last until mid-November, EPCG has secured the necessary electricity imports to cover any shortfall during this period. Approximately 70 million euros have been allocated

Montenegro: Alcazar Energy submits EIA for 119 MW Bijela wind farm Read More »

Montenegro: Alcazar Energy submits EIA for 119 MW Bijela wind farm

The Montenegrin Environmental Protection Agency (EPA) has announced that Vjetro Park Bijela, a subsidiary of Luxembourg-based renewables developer Alcazar Energy, has submitted a request for approval of an environmental impact assessment (EIA) for its 119 MW Bijela wind farm. The EIA covers the planned wind farm development in the northern municipality of Savnik, which will

Montenegro: Jugopetrol maintains steady profit in 2024 despite slight asset decline Read More »

Montenegro: Jugopetrol maintains steady profit in 2024 despite slight asset decline

Montenegrin fuel retailer Jugopetrol posted a net profit of 7 million euros in 2024, maintaining a similar performance as the previous year. The company’s net sales grew by 1.1%, reaching 255.5 million euros, while its operating expenditures increased by 0.7%, totaling 243 million euros. At the close of 2024, Jugopetrol’s total assets stood at 126.8

Croatia: JANAF proposes substantial dividend payment amid strong profitability and expansion plans Read More »

Croatia: JANAF proposes substantial dividend payment amid strong profitability and expansion plans

The Management and Supervisory Boards of the Croatian oil transportation company JANAF have proposed a dividend payment of 28.81 euros per share to its shareholders. This follows a highly profitable year for the company, surpassing the business goals set by its management. As a result, shareholders are set to receive a substantial dividend as a

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