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Region: Slovenia reduces interest claim against RiTE Ugljevik, paving way for settlement Read More »

Region: Slovenia reduces interest claim against RiTE Ugljevik, paving way for settlement

Minister of Energy and Mining of the Republic of Srpska (RS) Petar Djokic announced that Slovenia has reduced its interest claim against the coalmine and thermal power plant (RiTE) Ugljevik from 67 million euros to 37 million euros. He stated that negotiations are now centered on the number of installments and the repayment schedule, with […]

Region: Russian oil deliveries to Hungary and Slovakia halted after Druzhba pipeline strike Read More »

Region: Russian oil deliveries to Hungary and Slovakia halted after Druzhba pipeline strike

Crude oil deliveries from Russia to Hungary and Slovakia through the Druzhba pipeline were suspended on Monday after damage occurred at a transformer facility, officials from both countries confirmed. The Druzhba route, which passes through Belarus and Ukraine, remains Hungary’s main channel for crude imports and also supplies Slovakia. Hungarian authorities reported being informed that

Region: ICGB expands Vertical Gas Corridor with new routes to boost regional energy security and supply to Ukraine Read More »

Region: ICGB expands Vertical Gas Corridor with new routes to boost regional energy security and supply to Ukraine

ICGB, the operator of the Greece-Bulgaria gas interconnector (IGB pipeline), will launch two new cross-border capacity routes to improve regional energy security and expand direct transmission access from northern Greece to Ukraine. The new pathways, Route 2 and Route 3, were developed in cooperation with the transmission system operators of Greece, Bulgaria, Romania, Moldova and

Region: ICGB secures permit for capacity expansion, boosting Greece-Bulgaria gas interconnector throughput Read More »

Region: ICGB secures permit for capacity expansion, boosting Greece-Bulgaria gas interconnector throughput

ICGB, the independent operator of the Greece-Bulgaria gas interconnection (IGB pipeline), has obtained a construction permit for the first phase of its capacity expansion project. This phase involves upgrading the Stara Zagora metering station in Bulgaria, increasing its throughput capacity from 3 to 5 billion cubic meters per year. With the permit secured, ICGB can

Region: Serbia and Romania finalizing Djerdap 3 hydropower agreement, advancing energy cooperation Read More »

Region: Serbia and Romania finalizing Djerdap 3 hydropower agreement, advancing energy cooperation

The Memorandum of Understanding for the development of the Djerdap 3 pump-storage hydropower plant is nearing completion and is expected to be signed once harmonization is finalized, according to Serbian Minister of Mining and Energy Dubravka Djedovic. This announcement followed her meeting with Romanian Energy Minister Ivan Bogdan, during which they discussed expanding joint energy

Region: Heatwave drives SEE electricity prices to summer highs in Week 30 of 2025 Read More »

Region: Heatwave drives SEE electricity prices to summer highs in Week 30 of 2025

In Week 30 of 2025, electricity market prices rose significantly across most Southeast European (SEE) countries compared to the previous week. All markets recorded weekly average prices above €100/MWh, with the exception of Türkiye. This marked the highest price point since the start of summer. The price increase was mainly attributed to elevated electricity demand

Region: Naftogaz launches first gas imports from Azerbaijan via Trans-Balkan Corridor Read More »

Region: Naftogaz launches first gas imports from Azerbaijan via Trans-Balkan Corridor

Naftogaz Group has signed its first supply agreement with SOCAR Energy Ukraine, a subsidiary of Azerbaijan’s SOCAR group, to import natural gas from Azerbaijan using the Bulgaria-Romania-Ukraine corridor. Before starting regular deliveries, the company conducted a trial shipment of gas via the Trans-Balkan route. Naftogaz CEO Sergii Koretskyi stated that although the volume was small,

Region: Electricity prices rise across SEE in Week 29 of 2025 amid heatwave and shifting generation mix Read More »

Region: Electricity prices rise across SEE in Week 29 of 2025 amid heatwave and shifting generation mix

In Week 29 of 2025, electricity market prices increased across all Southeast European (SEE) countries compared to the previous week, with all markets maintaining weekly average prices above €90/MWh, except for Türkiye. This rise was driven by higher electricity demand due to a return of hot temperatures after a brief mild period, combined with reduced

Region: Electricity prices and demand decline across Southeast Europe in Week 28 of 2025 Read More »

Region: Electricity prices and demand decline across Southeast Europe in Week 28 of 2025

In Week 28 of 2025, electricity market prices declined across all Southeast European (SEE) countries compared to the previous week, falling below €100/MWh in all markets except Italy. This decrease was driven by milder temperatures reducing electricity demand and increased solar energy production across most markets. The week began with prices exceeding €100/MWh in all

Region: North Macedonia begins construction on Greece gas interconnector Read More »

Region: North Macedonia begins construction on Greece gas interconnector

North Macedonia has started building its portion of the natural gas interconnector with Greece, a project valued at around 60 million euros. The new pipeline will cover approximately 66.7 kilometers across North Macedonian territory and is expected to initially transport 1.5 billion cubic meters of gas annually. Its design allows for future capacity doubling, strengthening

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