Serbia has officially launched the long-awaited expansion of its only gas storage facility in Banatski Dvor, a critical project aimed at addressing the rising industrial demand for gas and the growing number of households joining the gas network. The expansion will double the current storage capacity, adding 12 new boreholes. Equipment procurement is already secured, […]
Serbia: Transportgas achieves certification as independent transmission system operator Read More »
The certification of Transportgas as an independent transmission system operator has been successfully completed, with the Energy Community confirming the achievement. This milestone was a central topic of discussion during a meeting between Serbia’s Minister of Mining and Energy, Dubravka Djedovic, and the newly appointed director, Zoran Jovcic. This certification, granted by the Energy Agency,
State-owned power utility EPS has announced that coal production at the Kolubara mining basin has remained stable and is performing above expectations. Since the beginning of the year, output has exceeded planned levels by 6%. The company attributes this success to efficient operational management and the dedication of its workforce, which has ensured consistent coal
Hungary leads the world in solar power share as global renewables surge Read More »
A new report from the energy think tank Ember on global electricity trends in 2024 highlights Hungary as the leading country in terms of solar energy share, with solar accounting for 25 percent of its total electricity production. This pushed Hungary ahead of both Chile and Greece, which each had a 22 percent share. In
Plamen Mladenovski, the newly appointed Chairman of the Bulgarian Commission for Energy and Water Regulation (KEVR), has said that natural gas prices in the country could decrease by at least 10% in the near future, as global market prices continue to decline. He pointed out that KEVR has already reduced natural gas prices for April
Bulgaria: US tariffs unlikely to impact Kozloduy nuclear expansion Read More »
Bulgarian Energy Minister Zhecho Stankov has expressed confidence that potential U.S. tariffs will not affect the budget for constructing Units 7 and 8 at the Kozloduy nuclear power plant. Responding to media inquiries, Minister Stankov stated that he does not foresee any import duties or tariffs being imposed on the nuclear reactors—either by the United
Bosnia and Herzegovina: Aarhus Center criticizes Southern Gas Interconnection project Read More »
The Aarhus Center in Bosnia and Herzegovina (BiH) has raised serious concerns about the planned Southern Gas Interconnection project between Croatia and the Federation of Bosnia and Herzegovina (FBiH), questioning both its economic feasibility and environmental sustainability. The project, jointly promoted by Croatian operator Plinacro and BH-Gas, envisions a 243-kilometer pipeline with a capacity of
Europe: Gas prices plunge amid global market turmoil and US tariff concerns Read More »
European natural gas prices began the week with a sharp decline, driven by a broader global market sell-off sparked by the United States’ recent introduction of reciprocity-based tariffs. At the Title Transfer Facility (TTF) in the Netherlands, Europe’s most liquid gas trading hub, May contracts opened at 35 euros per megawatt-hour (MWh), marking a drop
In the first week of April, Brent oil futures for the Front Month on the ICE market remained above $74 per barrel during the first three sessions. On April 2, the futures reached a weekly peak settlement price of $74.95 per barrel, marking the highest level since February 21. However, by Thursday and Friday, prices
Europe: Electricity prices fall in early April amid increased renewable production Read More »
In the first week of April, average electricity prices decreased in most major European markets compared to the previous week. The only exception was the Nord Pool market of the Nordic countries, which saw a 5.0% increase. The EPEX SPOT market in France experienced the largest percentage price drop, with a 46% decline. Other markets,
