Europe: EU agrees to end all Russian gas imports by 2027 in landmark energy shift Read More »

Europe: EU agrees to end all Russian gas imports by 2027 in landmark energy shift

European Union member states have reached an agreement to completely end imports of Russian natural gas by the end of 2027, marking a major step toward reducing the bloc’s long-standing energy dependence on Russia. The decision, approved by EU Energy Ministers during a meeting in Luxembourg, supports the European Commission’s proposal to phase out both […]

Serbia: EU Carbon Border Tax poses major challenge for power sector and energy transition Read More »

Serbia: EU Carbon Border Tax poses major challenge for power sector and energy transition

From 2026, Serbia will fall under the EU’s Carbon Border Adjustment Mechanism (CBAM), which imposes additional costs on carbon-intensive exports to the Union. According to the Fiscal Council, the state-owned power utility EPS, which supplies most of the country’s electricity, will be the first to face these pressures. The added costs are expected to ripple

Serbia poised to buy Gazprom’s stake in NIS to resolve sanctions issue by year-end Read More »

Serbia poised to buy Gazprom’s stake in NIS to resolve sanctions issue by year-end

Serbian media report that the issue surrounding oil company NIS, caused by U.S. sanctions, is expected to be resolved by the end of the year. The most likely solution under consideration is for the Serbian state to acquire part of the 11.3% stake currently owned by the company Intelligence, a subsidiary of Gazprom. Currently, Russian

Montenegro: EPCG confirms TPP Pljevlja reconstruction on schedule and within budget Read More »

Montenegro: EPCG confirms TPP Pljevlja reconstruction on schedule and within budget

Montenegro’s state-owned power utility EPCG has issued a statement refuting media reports that questioned the progress of the ecological reconstruction of the Pljevlja thermal power plant. The company emphasized that the project is advancing as planned and remains fully under control. The reconstruction, which began in 2020, was initially launched under a contract that contained

Greece: DESFA launches tender for pipeline linking Alexandroupoli gas plant to national network Read More »

Greece: DESFA launches tender for pipeline linking Alexandroupoli gas plant to national network

The Greek natural gas transmission system operator DESFA has announced a tender worth 1.22 million euros for the supply of steel pipes needed to construct a new pipeline that will connect the planned Alexandroupoli gas-fired power plant to the national gas network. The 840 MW combined-cycle facility, scheduled to begin operations in 2027, is being

Bulgaria: BICA warns new power compensation scheme fails to protect industrial consumers Read More »

Bulgaria: BICA warns new power compensation scheme fails to protect industrial consumers

The Bulgarian Industrial Capital Association (BICA) has expressed concerns about the government’s new compensation scheme for electricity costs, set to take effect from July 1, 2025, to June 30, 2026. According to the association, the proposed mechanism will fail to provide effective relief for non-household consumers, including industrial users. The draft decree introduces temporary support

Serbia: MOL to expand Sremski Karlovci fuel storage terminal, strengthening energy infrastructure Read More »

Serbia: MOL to expand Sremski Karlovci fuel storage terminal, strengthening energy infrastructure

Hungarian oil company MOL is set to expand its fuel storage terminal in Sremski Karlovci through a new round of investment. The expansion involves acquiring additional land from Dunav Oil and partnering with Naftachem, which will oversee construction and project execution. The move is expected to significantly increase MOL’s storage capacity in Serbia and reinforce

Romania to permanently close Isalnita coal-fired power plant in January 2026 Read More »

Romania to permanently close Isalnita coal-fired power plant in January 2026

Romania’s Ministry of Energy has announced that the coal-fired Isalnita thermal power plant in Dolj county will be permanently shut down on 1 January 2026. The plant is part of the Energy Complex (EC) Oltenia. Energy Minister Bogdan Ivan made the announcement during a meeting with trade union representatives. Union proposals to keep the plant

Romania: GE Vernova secures order to supply 252 MW Ialomita wind project Read More »

Romania: GE Vernova secures order to supply 252 MW Ialomita wind project

GE Vernova has signed an agreement with Greenvolt International Power to supply wind turbines for the 252 MW Ialomita wind farm in southeastern Romania. The order, confirmed in the third quarter of 2025, includes the delivery, installation, and commissioning of 42 onshore turbines from GE Vernova’s 6.1 MW–158m series. Deliveries are scheduled to begin in

Montenegro launches geological surveys for strategic HPP Krusevo Read More »

Montenegro launches geological surveys for strategic HPP Krusevo

Geological surveys for the Krusevo hydropower plant have started, marking the first concrete step in one of Montenegro’s key energy projects. The work follows a contract signed on 29 November 2024 between EPCG and the Jaroslav Cerni Institute for Water Management, fully financed by EPCG, allowing parallel advancement of all necessary procedures. The 82 MW

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