Serbia: Russia offers short-term gas deal amid leverage over NIS ownership Read More »

Serbia: Russia offers short-term gas deal amid leverage over NIS ownership

Russia has offered Serbia a short-term gas supply agreement that would last only until the end of 2025, far shorter than the Serbian Government had expected. President Aleksandar Vučić noted that Serbia had anticipated a deal extending at least until May 2026, making the offer a significant setback. Vučić explained that the limited duration was […]

Serbia: NIS to pay 2024 dividends on October 22 amid 77% profit drop, shareholders on OFAC SDN list excluded Read More »

Serbia: NIS to pay 2024 dividends on October 22 amid 77% profit drop, shareholders on OFAC SDN list excluded

Serbian oil company NIS has announced that it will distribute dividends for the 2024 financial year on 22 October, with shareholders receiving a gross payment of 0.24 euros per share. The company noted that dividends for shareholders included on the US Treasury Department’s Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list will

Expert critiques 2008 NIS privatization as major undervaluation, highlights lost strategic opportunities for Serbia Read More »

Expert critiques 2008 NIS privatization as major undervaluation, highlights lost strategic opportunities for Serbia

Professor Dragan Djuricin from the Faculty of Economics in Belgrade criticized the 2008 privatization of Serbia’s oil company NIS, calling it a significant undervaluation of one of the country’s most strategic assets. Djuricin noted that Deloitte, hired by the Serbian government to assess NIS’s value, estimated the company at €2.2 billion for full ownership, excluding

Montenegro household electricity bills drop 28% in September 2025, consumption declines nearly 27% from August Read More »

Montenegro household electricity bills drop 28% in September 2025, consumption declines nearly 27% from August

In September 2025, the average household electricity bill in Montenegro was €28.51, representing a 27.7% decrease from August (€39.45) and a 2.8% decrease compared to September 2024 (€29.32). The lowest average monthly bill was recorded in Pljevlja (€19.40), while the highest was in Ulcinj (€36.60). About 69.97% of households will pay less than €30 for

Greece achieves record electricity exports in first half of 2025 Read More »

Greece achieves record electricity exports in first half of 2025

Greece recorded a historic electricity export performance in the first half of 2025, with export volumes reaching 571 GWh from January to June, according to transmission system operator ADMIE. This represents a sharp rise compared to just 22 GWh exported throughout 2024. The increase highlights Greece’s transition toward becoming a consistent net electricity exporter. ADMIE

Bulgaria threatens to withdraw from Black Sea submarine cable project without direct national connection Read More »

Bulgaria threatens to withdraw from Black Sea submarine cable project without direct national connection

State-owned Bulgarian Energy Holding (BEH) has expressed concerns about the Black Sea submarine cable project, warning that Bulgaria may withdraw unless the planned underwater electricity line includes a direct connection to the country’s transmission network. The initiative, promoted by the Green Energy Corridor Power consortium—comprising transmission operators from Romania, Georgia, Azerbaijan, and Hungary—plans a subsea

SEE electricity markets: Week 40 sees price recovery, mixed demand and shifts in renewable and thermal generation Read More »

SEE electricity markets: Week 40 sees price recovery, mixed demand and shifts in renewable and thermal generation

During Week 40 of 2025, electricity market prices across Southeast Europe (SEE) showed a notable recovery compared to Week 39. Most SEE markets recorded weekly average prices above €100/MWh, with the exceptions of Italy and Türkiye. Throughout the week, prices in the region hovered around €100/MWh, starting at elevated levels and peaking on Tuesday, September

Europe: Brent oil and TTF gas prices decline in early October, while CO2 allowance prices rise Read More »

Europe: Brent oil and TTF gas prices decline in early October, while CO2 allowance prices rise

In the first week of October, Brent oil futures for the Front-Month in the ICE market showed a consistent downward trend. On Monday, September 29, they reached their weekly maximum settlement price of $67.97 per barrel, which was already 3.1% lower than the previous Friday’s price. The decline continued until Thursday, October 2, when futures

Europe: Electricity demand mixed in early October as temperatures rise across most markets Read More »

Europe: Electricity demand mixed in early October as temperatures rise across most markets

In the first week of October, electricity demand rose in the Iberian Peninsula compared to the previous week. Portugal recorded the largest increase, up by 1.0%, despite the national holiday on Sunday, October 5, celebrating the Day of the Establishment of the Republic. In Spain, demand grew by 0.8%. In contrast, electricity demand declined in

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