The Montenegrin Government is set to sign a Memorandum of Understanding with Japan’s energy company JERA, paving the way for the potential development of a liquefied natural gas (LNG) terminal and a gas-fired power plant in the country. Officials describe the agreement as a significant step forward in bilateral relations, moving beyond traditional development cooperation […]
Hungary: MVM launches construction of 540 MW gas-fired power plant in Matra region Read More »
Hungary’s state-owned energy group MVM has begun construction of a new combined-cycle gas turbine (CCGT) power plant in the Matra region. Designed to produce 540 MW, the facility is scheduled for completion in 2028 and will play a significant role in ensuring the country’s electricity supply. The project follows a procurement process launched in 2023
Hungary has concluded a landmark long-term natural gas agreement with Shell, marking the largest deal ever reached between the country and a Western energy supplier. The announcement was made by Minister of Foreign Affairs and Trade Peter Szijjarto during the Gastech conference in Milan, where he underlined that Hungary’s diversification strategy aims to keep existing
Greenpeace Bulgaria and the environmental organization For the Earth have filed a formal complaint with the European Commission against four coal-fired power plants in Bulgaria: Bobov Dol in Golemo Selo, Brikel in Galabovo, Republika in Pernik, and Maritsa 3 in Dimitrovgrad. The case highlights recurring violations of EU environmental legislation between 2018 and 2023 and
Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $69.14 per barrel on Tuesday, September 2, marking the highest level since August 2. Following this peak, prices declined, reaching a weekly low of $65.50 per barrel on Friday, September 5. This represented a 3.8% drop compared
During the first week of September, average electricity prices in major European markets fell compared to the previous week. The Nordic Nord Pool market and France’s EPEX SPOT market recorded the largest percentage drops at 38% and 48%, respectively. Italy’s IPEX market and Germany’s EPEX SPOT market saw the smallest decreases at 3.1% and 5.9%.
During the first week of September, electricity demand rose in most major European markets compared to the previous week. The British market experienced the largest increase at 7.2%, driven by a recovery in demand following the Summer Bank Holiday on August 25. Germany, Italy, and Portugal also saw growth, with increases of 1.7%, 2.1%, and
Europe sees mixed solar and wind energy trends in early September 2025 Read More »
In the first week of September, solar photovoltaic energy production rose in the French, Italian, and Spanish markets compared to the previous week, reversing the downward trend seen in recent weeks. The French market recorded the largest increase at 6.3 percent, while the Spanish market saw the smallest rise at 1.1 percent. Italy reported a
Romania sees sharp decline in day-ahead and intraday electricity prices in August 2025 Read More »
In August 2025, the average electricity price on Romania’s day-ahead market at OPCOM was 78.29 euros per MWh, down 52.44% compared to August 2024 and 28.35% lower than July 2025, when the average baseload price was 103.5 euros per MWh. The traded volume on the day-ahead market reached 1.2 million MWh, a decline of 17.79%
Montenegro cancels Bar oil storage overhaul tender again due to invalid bids Read More »
Montenegro’s Ministry of Energy has canceled a second tender for the renovation of state-owned oil storage facilities in the coastal city of Bar, after both submitted bids were found invalid. The first bid, submitted by the Croatian-Montenegrin consortium S.A.K.Z.-Tibox-Oliver, was disqualified because local partner Oliver-Ing had an unresolved tax debt of 2.22 euros. The second
