gas

Region: Bosnia and Herzegovina advances Western Gas Interconnection with Croatia Read More »

Region: Bosnia and Herzegovina advances Western Gas Interconnection with Croatia

Representatives from the Government of the Federation of Bosnia and Herzegovina (FBiH), three cantons, and the Brčko District have signed a memorandum of understanding to move forward with the Western Gas Interconnection project, linking Bosnia and Herzegovina to Croatia’s natural gas network. The new pipeline will trace a route from Lika Jesenica through Rakovica and […]

Brent oil, TTF gas and CO2 emission allowance prices see fluctuations in April’s second week Read More »

Brent oil, TTF gas and CO2 emission allowance prices see fluctuations in April’s second week

In the second week of April, settlement prices for Brent oil futures in the ICE market remained below $70 per barrel. On Tuesday, April 8, these futures reached their weekly minimum price at $62.82 per barrel, the lowest since April 7, 2021. However, a 4.2% increase in prices saw the futures reach their weekly peak

Serbia establishes SPV Banatski Dvor to oversee strategic gas storage expansion Read More »

Serbia establishes SPV Banatski Dvor to oversee strategic gas storage expansion

The Serbian Government has approved the creation of a new state-owned company, SPV Banatski Dvor, based in Novi Sad, to manage the expansion of the country’s only underground gas storage facility in Banatski Dvor. The expansion project, which is already in progress, aims to double the storage capacity to enhance Serbia’s energy security, addressing rising

EU member states approve extension of gas storage rules to boost energy security Read More »

EU member states approve extension of gas storage rules to boost energy security

EU member state representatives have endorsed the EU Council’s revised position on the gas storage regulation, proposing a two-year extension of the current requirement for countries to fill their gas storage facilities to 90% ahead of winter. This move aims to protect the EU from volatile gas prices amid ongoing geopolitical tensions. The extension is

Region: Greece highlights importance of gas interconnector with North Macedonia for European energy resilience Read More »

Region: Greece highlights importance of gas interconnector with North Macedonia for European energy resilience

Dimitris Skalkos, Secretary General for International Economic Affairs at the Greek Ministry of Foreign Affairs, emphasized the strategic significance of the upcoming gas interconnector with North Macedonia, stating it will bolster the resilience of Europe’s energy system. His remarks were made during the 11th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the

Greece to launch offshore oil and gas exploration tender near Crete following Chevron interest Read More »

Greece to launch offshore oil and gas exploration tender near Crete following Chevron interest

Greece is preparing to open a tender for offshore oil and gas exploration in the waters south of Crete by the end of April, Energy Minister Stavros Papastavrou announced at the 10th Delphi Economic Forum. The move follows a formal expression of interest from U.S.-based energy giant Chevron. Minister Papastavrou stated that the first government

Croatia secures €125 million in grants for energy infrastructure and LNG expansion projects Read More »

Croatia secures €125 million in grants for energy infrastructure and LNG expansion projects

Croatia has signed contracts totaling €125 million in non-refundable grants for two key energy initiatives under its National Recovery and Resilience Plan. These projects focus on the modernization and digital transformation of the national electricity transmission system, and the expansion of the liquefied natural gas (LNG) terminal on the island of Krk. The larger of

Bulgaria: Energy Minister highlights regional gas infrastructure and cooperation to boost energy security Read More »

Bulgaria: Energy Minister highlights regional gas infrastructure and cooperation to boost energy security

At the Delphi Economic Forum in Greece, Bulgarian Energy Minister Zhecho Stankov underscored the strategic importance of maximizing the use of existing gas infrastructure to enhance energy security across the region. He revealed that Bulgaria is close to sealing an agreement with Shell for natural gas exploration in the Black Sea, reflecting growing international interest

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