The economics of storage expansion: Strategic reserves, LNG integration and balancing power markets in Serbia
At the heart of Serbia’s gas vulnerability lies a simple structural fact: the country does not have enough storage to […]
Serbia’s gas future: Supply routes, market fragility, pricing exposure and the transition toward a new regional gas order
Natural gas has become Serbia’s most strategically sensitive energy input, not because of its scale—Serbia consumes far less gas than
Financial foundations of Serbia’s oil downstream sector: Refinery economics, wholesale spreads, retail margins and the transition beyond petroleum
The financial architecture of Serbia’s downstream oil sector is shaped by a combination of operational cost structures, geopolitical exposure and
Oil traders, pricing mechanisms and the future of Serbia’s downstream sector: A strategic spin-off analysis
Oil markets in Southeast Europe have always functioned at the intersection of global price signals and highly localised political risks.
The Balkan grid at a turning point: How cross-border capacities shape the winter 2025–26 electricity market
As winter settles across South-East Europe, the region’s electricity landscape enters a season shaped not by crisis but by structural
The Balkan power mosaic: December 2025 prices and the regional outlook for Q1 2026
The final month of 2025 finds the electricity markets of South-East Europe entering winter with a stability few would have
Winter markets at the periphery: How Montenegro, Croatia and Albania shape their place in the regional power price landscape
The western edge of the Balkan electricity system enters December 2025 with a familiar imbalance: structurally small power exchanges, modest
Winter prices without the crisis heat: December 2025 market dynamics and a forecast for Q1 2026
December 2025 opens the winter season in Central and South-East Europe with a familiar but very different energy landscape. The
Serbia’s energy dilemma: EPS faces a slow-burning crisis amid calls for accountability
For decades, Serbia’s national utility, Elektroprivreda Srbije (EPS), operated under the illusion of indestructibility. Its sprawling lignite mines, ageing thermal
Serbia’s energy future at stake in post-Russia gas power struggle
For more than two decades, Serbia’s political and economic stability rested on a simple, unwritten assumption: Russian gas would continue
Sanctions on NIS trigger Serbia’s most severe financial stress test in a generation
When the United States expanded its sanctions targeting Russian energy interests, few policymakers in Belgrade initially grasped the magnitude of
The sanctioned asset: How U.S. pressure on NIS turns Serbia’s oil sector into a geopolitical prize
When Washington quietly tightened the sanctioning architecture targeting Russia’s energy interests, Belgrade began feeling tremors long before any official measure