A ceremony marked the completion of the breakthrough phase of the headrace tunnel for Hydropower Plant (HPP) Dabar, one of the largest hydraulic tunnels built in southeastern Europe in the past four decades. The 13-kilometer tunnel, constructed by Integral Engineering, is a central component of the €285 million HPP Dabar project, accounting for around €60 […]
Region: ICGB and regional operators launch new gas routes to boost supply toward Ukraine Read More »
The independent operator of the Greece–Bulgaria gas interconnector (ICGB) has joined forces with neighboring transmission system operators to create two new capacity routes designed to enhance gas transport to Ukraine. The new Routes 2 and 3 will channel natural gas from Greece’s Alexandroupoli LNG terminal and the Trans-Adriatic Pipeline (TAP) through the IGB interconnector, continuing
Region: Swiss trader Gunvor withdraws bid for Lukoil assets after U.S. opposition Read More »
Swiss commodities trader Gunvor has withdrawn its proposal to acquire the foreign assets of Russian oil giant Lukoil, following strong opposition from the U.S. Treasury, which labeled the company a “Kremlin puppet.” The move ends what would have been Gunvor’s largest acquisition to date and highlights Washington’s continued push to isolate Russia financially amid the
Romania: Parapet and Alerion sign seven new solar projects totaling 80 MW Read More »
Romanian renewable energy engineering company Parapet has signed seven new contracts with Italian renewables developer Alerion, expanding their long-term partnership with projects totaling nearly 80.8 MW across Romania and Italy. Construction will take place in Romania’s Teleorman and Călărași counties and in Italy’s Puglia and Tuscany regions, with most installations expected to be completed by
North Macedonia: Day-ahead power trading jumps 82% year-on-year in October 2025 Read More »
In October 2025, electricity trading on North Macedonia’s day-ahead market reached 146,498 MWh, marking an 81.7% increase compared to the same month last year and a 43% rise from September. According to the market operator MEMO, the average market-clearing price stood at 125.67 euros/MWh, up 37.1% from the previous month. The daily average trading volume
A new stage in Greece’s offshore energy exploration has begun as ExxonMobil, Energean, and Helleniq Energy signed a farm-in agreement granting them joint ownership of 60% in Block 2 of the Ionian Sea, located northwest of Corfu. The signing took place in Athens during the Partnership for Transatlantic Energy Cooperation (P-TEC) meetings. The exploration plan
Croatia: CROPEX electricity trading surges 90% year-on-year in October 2025 Read More »
In October 2025, a total of 1,449,339.1 MWh of electricity was traded on the Croatian power exchange CROPEX, representing a 32.9% increase compared to September and a 90.2% rise year-on-year. Of the total, 1,203,268.5 MWh was traded on the day-ahead market and 246,070.6 MWh on the intraday market. The average daily baseload price on the
In October 2025, a total of 2,365,222.6 MWh of electricity was traded on the day-ahead market of the Independent Bulgarian Energy Exchange (IBEX), marking a 1.9% decrease compared to September. The average daily traded volume reached 76,297.5 MWh, down 2.2% year-on-year. The average baseload price rose sharply to 121.74 euros/MWh, up 29.8% from September’s 93.75
According to a new report from the European Commission, Bulgaria has made notable progress in diversifying its energy mix but remains significantly dependent on Russian energy imports. The report shows that solid fossil fuels accounted for 21% of Bulgaria’s total energy supply in 2021, down from 37% in 2010. During the same period, the share
In late October 2025, TTF gas futures remained relatively stable, trading in the €31–32/MWh range. The completion of maintenance at Norway’s Troll gas field and forecasts of mild, windy weather through mid-November were the main factors supporting steady prices. On the ICE exchange, TTF futures for December 2025 delivery were slightly lower compared to Week
