Bulgaria has announced that it will stop the transit of Russian natural gas through its territory to Serbia and Hungary starting in 2026. The decision comes after renewed calls from US President Donald Trump for European countries to reduce their reliance on Russian energy. Prime Minister Rosen Jelyazkov, speaking in New York during the UN […]
Europe: EU plans tariffs on Russian oil to curb dependence and push diversification Read More »
The European Commission is preparing to introduce tariffs on Russian oil that continues to enter the European market. Spokesman Olof Gill confirmed that the details of the plan will be presented shortly. The announcement follows a statement by Commission President Ursula von der Leyen after her recent meeting with US President Donald Trump, where she
During her official visit to Baku, Serbian National Assembly Speaker Ana Brnabić announced that Serbia will receive additional natural gas supplies from Azerbaijan this winter, supplementing previously agreed volumes. She emphasized that these extra deliveries, requested by President Aleksandar Vučić, will be vital for ensuring energy stability during the upcoming heating season. Brnabić also highlighted
Romania secures major financing for Cernavoda nuclear expansion and refurbishment Read More »
Nuclearelectrica has secured two major financing agreements with a banking syndicate led by J.P. Morgan, providing crucial funding for Romania’s nuclear energy projects. The financing will support the refurbishment of Cernavoda Nuclear Power Plant’s Unit 1 and the preparatory phase for Units 3 and 4 construction, following shareholder approval. The lending consortium includes Banca Comerciala
Croatia explores transporting Iraqi crude via JANAF pipeline during upcoming Iraq visit Read More »
During the upcoming official visit of the Croatian Foreign Minister to Iraq on 25–26 October, discussions will include the potential transport of Iraqi crude oil through the Croatian JANAF pipeline. Talks are set to cover broader economic cooperation, expansion of defense industry ties, and opportunities for using Croatian ports and JANAF’s infrastructure for oil shipments.
State-owned oil transport company JANAF has firmly rejected claims by Hungary’s MOL Group regarding alleged technical issues during capacity tests on the oil pipeline segment from the Sisak Terminal to the Hungarian border in September 2025. JANAF specifically dismissed suggestions that it cannot meet the annual crude oil needs of MOL’s two Central European refineries.
Bosnia and Herzegovina: FBiH restores Blazuj oil terminal after 30 years Read More »
The Federation of Bosnia and Herzegovina (FBiH) has reopened the Blazuj terminal for oil and petroleum products, marking the first time in 30 years that the facility is fully operational. With a storage capacity of 42,000 cubic meters, the terminal is now ready to receive, store, and transfer fuel following reconstruction works and the issuance
Swiss company SSWISS GROUP AG, owner of the solar panel brand Swiss Solar, has announced plans to invest 50 million euros in renewable energy development in Serbia. This move highlights the strategic importance of the Balkans for Europe’s transition to green energy and positions Serbia as a key player in the clean energy sector. Serbia
Europe: TTF gas prices slide as EU prepares new sanctions on Russian energy Read More »
TTF natural gas prices continued their downward trend ahead of the heating season, with only modest daily fluctuations of a few tenths of a euro. In the third week of September, abundant liquefied natural gas (LNG) supply, mild temperatures reducing gas demand, and high wind energy output kept TTF gas futures below €33/MWh. By the
Europe: Week 38 electricity prices fall across SEE amid higher renewables output Read More »
During Week 38 of 2025, electricity market prices in Southeastern Europe (SEE) eased significantly compared to Week 37. All markets reported weekly average prices below €90/MWh, except Italy. The decline was driven by lower gas and CO2 emission allowance prices, reduced demand in most markets, and increased availability of renewable generation. Average electricity prices across
