Gradska plinara Zagreb-Opskrba (GPZO) will no longer supply natural gas to public institutions in Zagreb, marking another setback after losing its position as the primary household gas supplier last year. Following an extensive evaluation of bids for a public procurement contract valued at 14.5 million euros, a new supplier has been chosen. The contract was […]
Slovenia: MOL reconsiders operations amid new fuel price regulations Read More »
Hungarian energy company MOL has raised concerns over Slovenia’s recent changes to fuel pricing regulations, warning that the new policy could destabilize the fuel market and compromise supply security. In a public statement, MOL announced it is reviewing its planned investments and business activities in Slovenia, though no specific decisions have been disclosed yet. The
Croatia: HEP upgrades submarine cable network to secure power supply for islands Read More »
Electricity distribution operator HEP ODS has completed the installation of a new 20 kV submarine cable connecting Tribunj on the mainland with the islands of Logorun and Kaprije. Spanning 8,150 meters, the cable strengthens energy security for Kaprije and finalizes an electric ring supplying the Šibenik archipelago. Similar installations were carried out in June on
Bulgaria: TPP Bobov Dol declares 2024 dividend amid profit decline Read More »
Bulgarian coal-fired power plant Bobov Dol will distribute a dividend of 0.051 euros per share for 2024, allocating around 444,000 euros from its net profit of just over 2 million euros. The remaining profit will be retained for future use. Dividend payments will begin on August 20 and continue over three months. This year’s payout
Slovenian energy company Petrol has announced a series of immediate measures in response to the government’s recent fuel price controls. CEO Saša Berger revealed that the company will suspend all development investments within Slovenia, freeze sponsorships and donations, and prepare to renegotiate contracts with suppliers. Additionally, Petrol plans to close several unprofitable petrol stations. Berger
Serbian oil company NIS has submitted a new request to the US Department of the Treasury for a special license to extend the postponement of full sanctions enforcement. This extension would allow NIS to continue its regular operations beyond June 27, when its current temporary license—granted on April 25—is set to expire. In March, NIS
Romania: Romgaz advances deep drilling at Caragele gas field to unlock new resources Read More »
In June, Romgaz began drilling operations for the 54 Damianca well in the Caragele gas field, aiming to reach a final depth of 5,100 meters. The project is focused on identifying previously untapped gas resources and analyzing geological formations located beyond 4,000 meters. According to the company, the drilling is progressing on schedule and without
OMV Petrom has finalized a major supply agreement with Astra Bioplant, a leading Bulgarian producer of biodiesel and a member of the Bulmarket group. The contract covers the purchase of pre-treated used cooking oil, a key raw material for the company’s future production of sustainable fuels. Set to begin in 2028, the agreement will run
Hungarian oil and gas company MOL is advancing the development of a major renewable energy project in Algyo, located in southern Hungary. The initiative involves the construction of a solar power plant with a capacity of 37.4 megawatts, paired with a battery storage system capable of storing 40 megawatt-hours of energy. The project is receiving
Slovenia: Distributors to invest over €150 million in smart grid modernization by 2026 Read More »
Slovenia’s five leading electricity distribution companies—Elektro Primorska, Elektro Ljubljana, Elektro Gorenjska, Elektro Celje, and Elektro Maribor—are set to invest more than €150 million by March 2026 to modernize the national electricity network and integrate smart grid technologies. These companies, which operate the country’s regional electricity infrastructure under the coordination of system operator ELES, plan to
