Representatives of Croatia’s state-owned pipeline operator JANAF and Hungary’s MOL Group met to assess the current situation and coordinate the next steps toward concluding a new crude oil transport agreement for the upcoming period. Initial negotiations between the two companies began in early October, focusing on a renewed contract governing the transport of crude oil […]
Bulgaria’s strategic fuel reserves stored within the country are sufficient to cover about one month of domestic consumption, according to Asen Asenov, head of the State Reserve Agency. He explained that roughly half of Bulgaria’s total fuel reserves are located abroad. Current figures show that Bulgaria holds gasoline reserves sufficient for approximately 35 days and
Bosnia and Herzegovina’s Federal Minister of Energy, Mining and Industry, Vedran Lakić, held a working meeting with the management of BH-Gas to assess progress and define the next steps in the preparatory phase of the Southern Gas Interconnection project. The meeting followed his recent visit to Greece and discussions with senior U.S. officials. Both sides
Albania: ALPEX posts 84% annual growth in October trading volume Read More »
The Albanian electricity exchange ALPEX reported that the total volume of electricity traded in the day-ahead market reached 159.5 GWh in October 2025. This represents an increase of 25.1 percent compared to the previous month and 84.2 percent compared to October 2024. Out of the total traded volume, 99 GWh of electricity was traded for
Brent crude oil futures for the front-month contract on the ICE market reached their weekly high of $64.89 per barrel on Monday, November 3, which was already 0.3 percent lower than the closing price of the previous week. Prices continued to decline until Thursday, November 6, when they hit the weekly low of $63.38 per
During the first week of November, average electricity prices rose in most major European power markets compared to the previous week. The exceptions were the Nord Pool market in the Nordic region, which fell by 13 percent, and the MIBEL markets of Portugal and Spain, where prices dropped by 29 and 30 percent, respectively. The
Europe: Electricity demand rises in early November as temperatures drop Read More »
During the first week of November, electricity demand rose across the main European markets compared to the previous week. Belgium recorded the largest increase at 3.7 percent, while Portugal registered the smallest rise at 1.4 percent. In Italy, France, Spain, Great Britain, and Germany, demand grew between 1.9 percent in Italy and 2.9 percent in
Solar and wind power trends shift across Europe in early November Read More »
During the week of November 3, solar photovoltaic (PV) production increased across all major European power markets compared to the previous week. France recorded the highest growth at 16 percent, while Spain saw the smallest increase at 4.9 percent. Germany, Italy, and Portugal registered growth rates of 10, 11, and 13 percent, respectively. It was
Serbia advances regional energy integration with new gas links and renewables expansion Read More »
Serbia is accelerating efforts to diversify its natural gas supply and strengthen regional energy connectivity, following the successful completion of its interconnector with Bulgaria two years ago. The government now plans to build new gas interconnections with North Macedonia and Romania within the next two to three years, enabling imports of up to 2.3 billion
Region: Romania, Greece sign MoU to boost LNG supply and regional energy integration Read More »
At the Partnership for Transatlantic Energy Cooperation 2025 (P-TEC 2025) forum in Athens, Romanian Nova Power & Gas, Transgaz, and Greek Atlantic-See LNG Trade signed a memorandum of understanding to enhance cooperation on liquefied natural gas (LNG) supply and regional energy diversification. The agreement aims to establish joint procurement mechanisms that will reduce reliance on
