At the 39th European Gas Regulatory Forum held in Madrid, Director of the Energy Community Secretariat Artur Lorkowski presented an overview of recent regional developments and outstanding challenges. He pointed out ongoing progress in decarbonizing the energy sector and enhancing the independence of network operators. While most network codes have been adopted into national legislation, […]
Energy Community highlights progress and challenges in gas storage across the region Read More »
The Energy Community (EnC) Secretariat has released its 2025 Annual Storage Report, offering a comprehensive evaluation of how contracting parties have implemented the adapted EU Storage Regulation (EU) 2022/1032. The report covers the period from June 2024 to June 2025 and provides key insights into regional gas storage efforts and energy security. The report highlights
Region: Ukraine revamps gas import strategy to cut costs and boost energy security Read More »
Ukraine’s energy authority has introduced a new gas import framework aimed at reducing the high transit costs associated with delivering gas through the TransBalkan pipeline from Greece. This move is part of broader efforts to stabilize the country’s energy supply after domestic gas output was severely impacted by a wave of Russian missile attacks earlier
Region: SEE faces summer blackout risks amid rising electricity demand and aging grid Read More »
The Institute of Energy for Southeastern Europe (IENE) has issued a warning about the risk of widespread power outages across the region during the upcoming summer months due to rising electricity consumption. This alert follows a similar blackout event last June that impacted Albania, Montenegro, Bosnia and Herzegovina, and parts of Croatia. In its analysis,
Region: Electricity market trends in Week 20 of 2025 Read More »
In Week 20 of 2025, electricity prices increased across most Southeast European (SEE) countries due to rising gas and CO2 prices, along with steady electricity demand. Croatia and Greece recorded the highest price hikes, while Türkiye and Italy saw price declines. Prices remained above 100 euros per megawatt-hour at the beginning of the week and
Region: Construction of Trans-Balkan Corridor’s third section to begin in mid-2025 Read More »
Construction of the third section of the first phase of the Trans-Balkan Corridor is scheduled to begin in mid-2025. This phase will include building a segment of the route and transmission lines connecting Bajina Bašta, the Montenegrin border, and the Bosnian border. Serbia’s Minister of Mining and Energy, Dubravka Djedović, announced this during a meeting
Region: SEE electricity prices surge amid higher demand and energy costs Read More »
In Week 19 of 2025, electricity prices across Southeast Europe (SEE) saw significant increases, driven by higher gas and CO₂ costs, as well as increased electricity demand due to lower-than-average temperatures. Prices started the week around €100/MWh and gradually dropped, falling below €70/MWh by Sunday, May 11. Among SEE countries, Bulgaria and Greece recorded the
Electricity and gas prices in Serbia and Montenegro among lowest in Europe Read More »
Electricity prices in Serbia and Montenegro remain among the lowest in Europe, according to the most recent Eurostat data. In the second half of the previous year, the average electricity cost for households in Serbia was 18.16 euros per 100 kWh, significantly below the European Union average of 28.49 euros. Montenegro reported similarly low prices,
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
