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,
Europe: Electricity demand declines in late March 2025, with regional variations Read More »
In the week of March 31, electricity demand in most major European markets decreased compared to the previous week. The French and British markets saw the largest drops, with declines of 8.5% and 7.3%, respectively. Other markets, including Spain, Germany, Portugal, and Belgium, also experienced reductions in demand, ranging from a 2.3% decline in Spain
In the first week of April, solar photovoltaic energy production saw an increase across most major European electricity markets compared to the previous week. Germany experienced the most significant growth, with a 54% rise, while France and Italy saw increases of 28% and 41%, respectively. However, solar energy production decreased in the Iberian Peninsula, with
Serbia strengthens energy ties with Azerbaijan at Southern Gas Corridor Advisory Council Read More »
At the 11th Ministerial Meeting of the Southern Gas Corridor Advisory Council in Baku, Serbian Assistant Minister of Oil and Gas, Sasa Kokovic, emphasized the growing energy partnership between Serbia and Azerbaijan. He highlighted the completion of the Serbia-Bulgaria gas interconnector in December 2023 as a major milestone in Serbia’s integration into regional energy infrastructure.
