The water level at Bileća Lake has fallen twelve meters below the planned level due to an unusually dry year. However, this shortfall does not pose a threat to electricity supply for consumers in the Republic of Srpska (RS), according to Ivan Koprivica, Executive Director for Technical Affairs at the ERS power utility. Currently, the […]
Industry federations representing heavy electricity consumers in Greece (EVIKEN), Bulgaria (BFIEC), and Romania (ACER) have accused Austria of violating EU regulations by limiting electricity exports to southeastern European countries. This action has reportedly led to increased electricity prices in the region. In a letter to European Commission Vice-President Teresa Ribera, Energy Commissioner Dan Jorgensen, and
In 2024, Serbia experienced a notable increase in electricity consumption, coupled with a decline in domestic power generation, leading to a sharp rise in energy imports. Total electricity consumption, excluding internal use, reached 30.8 terawatt-hours (TWh), marking a 2.7% (0.8 TWh) increase compared to 2023. Among consumers, residential demand grew by 1.7%, while other low-voltage
Greece: Gas demand and exports surge in first half of 2025 amid rising LNG imports Read More »
In the first half of 2025, domestic natural gas consumption in Greece rose by more than 12%, reaching 34.59 terawatt-hours (TWh), up from 30.78 TWh during the same period in 2024. When exports are included, total gas demand jumped nearly 20% to 37.45 TWh, compared to 31.22 TWh a year earlier. Gas exports through the
Second pipe shipment advances Bulgaria’s role in Vertical Gas Corridor project Read More »
A second shipment of pipeline segments for Bulgaria’s section of the Vertical Gas Corridor has arrived at the port of Burgas, marking significant progress in the strategic energy project aimed at enhancing regional energy security and establishing Bulgaria as a key gas hub in Southeastern Europe. The delivery included 2,526 pipes from India, which will
Bulgaria: Rompetrol expands network with new fuel station near Sofia airport Read More »
Rompetrol Bulgaria, a subsidiary of KMG International Group, has opened a new, modern fuel station on Vladimir Vazov Boulevard, located close to Sofia International Airport. This latest addition strengthens the company’s position as one of Bulgaria’s prominent fuel retailers, expanding its presence in the capital to eight stations and increasing its nationwide network to a
Europe: EU LNG imports reach record high amid supply shifts and rising demand Read More »
In the first six months of 2025, the European Union imported a record 75 billion cubic meters of liquefied natural gas, marking a 40 percent increase compared to the same period last year, or an additional 22 billion cubic meters. Greg Molnar from the International Energy Agency attributes this surge to a combination of factors.
Europe: Gas prices remain stable in early July amid strong supply and market adjustments Read More »
In Week 27, European gas prices remained stable, supported by strong supply from Norway and LNG imports. Natural gas futures for delivery in August 2025 on the ICE market hovered around €33/MWh, near two-month lows. This stability was driven by abundant supply and reduced demand from the power sector following the end of the heatwave
In Week 27 of 2025, electricity market prices surged across all Southeast European (SEE) countries compared to the previous week, exceeding €100/MWh in most markets despite stable gas prices. The increase was driven by higher electricity demand due to a heatwave affecting Europe and a drop in wind energy production. Prices started the week around
In the first week of July, Brent oil futures for the Front Month on the ICE market started with price declines. On Tuesday, July 1, the futures hit their weekly low settlement price of $67.11 per barrel. Following a 3.0% increase the next day, prices peaked at $69.11 per barrel on July 2. However, prices
