Southeastern Europe is heading into the summer season with concerningly low water levels at its hydropower facilities, raising alarms about the potential for increased wholesale electricity prices in the near future. Hydropower reserves across the region are currently lower than they were at the same time last year. In Greece, for example, the available water […]
Region: Moldova signs long-term gas supply deal with Romania’s OMV Petrom Read More »
Moldova’s state-owned energy company Energocom has signed a landmark three-year agreement with Romanian oil and gas company OMV Petrom for the purchase of natural gas. The gas will be sourced from the Neptun Deep offshore project in the Black Sea, with deliveries conducted via the virtual trading point (VTP) in Romania, ensuring a stable and
Region: North Macedonia awards contract for gas interconnector with Greece Read More »
North Macedonia’s state-owned gas transmission operator, Nomagas, has signed a contract with local construction firm Rapid Build to construct the country’s portion of a new natural gas interconnector with Greece. The project involves building a 68-kilometer pipeline, valued at €83.7 million. Energy Minister Sanja Bozinovska announced the deal, highlighting its strategic significance for regional energy
Region: Electricity prices plunge across SEE and Central Europe in Week 18 of 2025 Read More »
In Week 18 of 2025 (April 28–May 4), electricity prices across South East Europe (SEE) and Central Europe declined significantly, influenced by lower gas prices, reduced demand, and a surge in renewable power generation. Prices in all SEE countries fell below €80/MWh, with Türkiye recording the lowest average at €44.63/MWh, followed by Greece at €54.42/MWh.
Region: Bulgaria remains key to Hungary’s natural gas security Read More »
Bulgaria continues to play a vital role in ensuring Hungary’s natural gas supply, and will remain a dependable transit partner in the future, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó stated in a Facebook post on April 23, following discussions with Bulgaria’s Energy Minister Zhecho Stankov. “We highly appreciate the responsible attitude of
In Week 17 of 2025, wholesale electricity prices declined across most Southeast European (SEE) countries, mainly due to a drop in natural gas prices and an increase in renewable energy generation. Spot prices across continental Europe have more than halved since early 2025, driven by a significant fall in regional gas costs, which are down
During Week 16 of 2025, electricity prices in the Southeast European (SEE) countries dropped across the board, influenced by a decline in electricity demand. Solar energy production also increased in most of the analysed markets. The week started with prices above €100/MWh but followed a downward trend throughout, ultimately dropping below €90/MWh by Sunday, April
Region: Bosnia and Herzegovina advances Western Gas Interconnection with Croatia Read More »
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
In Week 15 of 2025, electricity prices in most Southeastern European (SEE) countries saw a slight increase, with the exceptions of Italy and Greece. The price surge came as markets assessed the potential impact of new U.S. tariffs on energy and concerns about slowing global growth affecting demand, despite lower electricity demand and falling gas
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
