Europe: Gas prices fall to 18-month low amid milder weather and strong LNG supply Read More »

Europe: Gas prices fall to 18-month low amid milder weather and strong LNG supply

European natural gas prices declined in Week 48, as forecasts indicated warmer-than-expected temperatures, reducing anticipated heating demand. TTF month-ahead prices settled below €30/MWh for the first time since May 2024, marking an 18-month low despite a recent cold spell. TTF futures for January 2026 delivery traded near €29/MWh throughout the week. Prices started at €29.904/MWh […]

SEE electricity market Week 48: Prices rise amid higher demand and shifts in renewable & thermal generation Read More »

SEE electricity market Week 48: Prices rise amid higher demand and shifts in renewable & thermal generation

During Week 48 of 2025, electricity prices across Southeast Europe (SEE) increased moderately compared to Week 47, driven primarily by higher regional demand, despite cheaper TTF gas and rising wind output. Except for Türkiye, all SEE markets recorded weekly average prices above €100/MWh, bringing the regional average to around €118/MWh. Türkiye (+22.9%) and Hungary (+20.93%)

OX2 Romania expands wind portfolio with acquisition of 235 MW projects Read More »

OX2 Romania expands wind portfolio with acquisition of 235 MW projects

OX2 Romania, the local subsidiary of Swedish OX2 Group, has acquired three new wind projects totaling 235 MW from Future Power, further expanding its footprint in Romania’s rapidly growing renewable energy sector. The new sites are located in the Vaslui and Vrancea counties, bringing OX2’s Romanian portfolio to over 1.1 GW. The company now manages

Bosnia and Herzegovina: Ugljevik coal mine and thermal power plant update Read More »

Bosnia and Herzegovina: Ugljevik coal mine and thermal power plant update

The Ugljevik coal mine and thermal power plant (RiTE Ugljevik) has not yet started extracting coal from the Ugljevik-Istok 2 deposit, as the company’s shareholders have not yet approved all required resolutions. According to RS Minister of Energy and Mining Petar Djokic, a shareholders’ assembly is scheduled for 16 December, where the company must formally

Serbia prepares emergency measures as US denies NIS refinery license Read More »

Serbia prepares emergency measures as US denies NIS refinery license

Serbia is implementing emergency measures to maintain energy stability after the United States refused to issue a license allowing oil company NIS to continue operating its Pančevo refinery. Following consultations with national energy teams, President Aleksandar Vučić announced that Serbia would temporarily secure NIS’ payment operations through the end of the week, despite the financial

Romania considers amendments to Oil Law, potentially stripping Lukoil of trident offshore concession Read More »

Romania considers amendments to Oil Law, potentially stripping Lukoil of trident offshore concession

Romanian authorities are reviewing major amendments to the Oil Law that could remove Lukoil’s dominant position in the Trident offshore concession in the Black Sea. Local media report that the government is evaluating options to either return the concession to state ownership or transfer operational control to Romgaz, which currently holds a 12.5% minority stake.

Romania: Econergy renewable energy secures €40.5 million financing for Oradea solar power plant expansion Read More »

Romania: Econergy renewable energy secures €40.5 million financing for Oradea solar power plant expansion

Econergy Renewable Energy has secured €40.5 million in project financing from UniCredit Bank to support operations at its Oradea solar power plant in northwestern Romania. Part of the funding will be used to refinance existing debt from the plant’s construction phase. The 87 MW solar facility, located in the Crisana region, has been fully operational

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