Solar power’s untapped potential in Slovenia: Challenges and opportunities for growth Read More »

Solar power’s untapped potential in Slovenia: Challenges and opportunities for growth

Solar power has become the most affordable and fastest-growing low-carbon technology across Europe, yet its uptake in Slovenia remains slow. This concern was highlighted by environmental organizations Umanotera, Greenpeace Slovenia, Focus, and the Slovenian Photovoltaic Association on European Solar Energy Day. According to their analysis, Slovenia has the potential to generate more than a third […]

Slovenia: Petrol halts investments and plans station closures amid stricter fuel price controls Read More »

Slovenia: Petrol halts investments and plans station closures amid stricter fuel price controls

Slovenian energy company Petrol has announced a series of immediate measures in response to the government’s recent fuel price controls. CEO Saša Berger revealed that the company will suspend all development investments within Slovenia, freeze sponsorships and donations, and prepare to renegotiate contracts with suppliers. Additionally, Petrol plans to close several unprofitable petrol stations. Berger

Serbia: NIS seeks extension of US sanctions license to continue operations beyond June 27 Read More »

Serbia: NIS seeks extension of US sanctions license to continue operations beyond June 27

Serbian oil company NIS has submitted a new request to the US Department of the Treasury for a special license to extend the postponement of full sanctions enforcement. This extension would allow NIS to continue its regular operations beyond June 27, when its current temporary license—granted on April 25—is set to expire. In March, NIS

Romania: Romgaz advances deep drilling at Caragele gas field to unlock new resources Read More »

Romania: Romgaz advances deep drilling at Caragele gas field to unlock new resources

In June, Romgaz began drilling operations for the 54 Damianca well in the Caragele gas field, aiming to reach a final depth of 5,100 meters. The project is focused on identifying previously untapped gas resources and analyzing geological formations located beyond 4,000 meters. According to the company, the drilling is progressing on schedule and without

Romania: OMV Petrom secures long-term used cooking oil supply from Astra Bioplant for sustainable fuel production Read More »

Romania: OMV Petrom secures long-term used cooking oil supply from Astra Bioplant for sustainable fuel production

OMV Petrom has finalized a major supply agreement with Astra Bioplant, a leading Bulgarian producer of biodiesel and a member of the Bulmarket group. The contract covers the purchase of pre-treated used cooking oil, a key raw material for the company’s future production of sustainable fuels. Set to begin in 2028, the agreement will run

Montenegro: Construction progresses on Gvozd wind farm, a major step in renewable energy transition Read More »

Montenegro: Construction progresses on Gvozd wind farm, a major step in renewable energy transition

Concrete pouring has begun for the first of eight foundations that will support the wind turbines of the Gvozd wind farm, located near Nikšić. This ambitious project, with an estimated value of around 82 million euros, stands among the most significant energy developments currently underway in Montenegro. The state-owned power utility EPCG is the investor

Hungary: MOL advances renewable energy expansion with new solar and battery project in Algyo Read More »

Hungary: MOL advances renewable energy expansion with new solar and battery project in Algyo

Hungarian oil and gas company MOL is advancing the development of a major renewable energy project in Algyo, located in southern Hungary. The initiative involves the construction of a solar power plant with a capacity of 37.4 megawatts, paired with a battery storage system capable of storing 40 megawatt-hours of energy. The project is receiving

Bulgaria: Maritsa East complex to supply nearly half of household electricity, says Energy Minister Read More »

Bulgaria: Maritsa East complex to supply nearly half of household electricity, says Energy Minister

During a visit to the coal-fired thermal power plant Maritsa East 2, Bulgarian Energy Minister Zhecho Stankov underscored the critical role of the Maritsa East mining complex in ensuring the country’s energy supply. He announced that the complex is expected to provide nearly half of the electricity required for household consumption in Bulgaria, underlining its

Europe: Natural gas prices surge amid Middle East Tensions and Strait of Hormuz risks Read More »

Europe: Natural gas prices surge amid Middle East Tensions and Strait of Hormuz risks

In Week 24 of 2025, natural gas prices in Europe surged amid rising geopolitical tensions in the Middle East. The escalation began after Israel launched a series of strikes on Iran, sparking fears of a broader conflict in a region critical to global energy supplies. This unrest, coupled with forecasts of high temperatures and reduced

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