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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

Region: Electricity prices surge and renewable generation shifts in SEE during Week 27 of 2025 Read More »

Region: Electricity prices surge and renewable generation shifts in SEE during Week 27 of 2025

In Week 27 of 2025, electricity market prices surged across all Southeast European (SEE) countries compared to the previous week, exceeding €100/MWh in most markets despite stable gas prices. The increase was driven by higher electricity demand due to a heatwave affecting Europe and a drop in wind energy production. Prices started the week around

Region: Serbia and Hungary finalize plans for cross-border crude oil pipeline Read More »

Region: Serbia and Hungary finalize plans for cross-border crude oil pipeline

Serbian state-owned company Transnafta and Hungarian energy group MOL have agreed on the technical specifications for a new crude oil pipeline that will connect the two countries. According to the Serbian Ministry of Energy, the pipeline will cover 113 kilometers within Serbian territory and will be capable of transporting up to 5 million tons of

Region: Southeast Europe sees surge in electricity prices and demand amid early summer heatwave in Week 26 of 2025 Read More »

Region: Southeast Europe sees surge in electricity prices and demand amid early summer heatwave in Week 26 of 2025

In Week 26 of 2025, electricity prices across Southeast European (SEE) countries surged compared to the previous week, surpassing €90/MWh despite a decline in gas prices. Prices started the week around €95/MWh for all SEE countries, peaked above €100/MWh on June 26, and then declined toward the week’s end. Most SEE countries saw single-digit percentage

Region: Romania and Serbia sign MoU to launch cross-border gas interconnection Read More »

Region: Romania and Serbia sign MoU to launch cross-border gas interconnection

Romania’s natural gas transmission system operator, Transgaz, and Serbia’s state gas company, Srbijagas, have signed a Memorandum of Understanding (MoU) to advance the development of a gas interconnection between the two countries. The agreement lays the foundation for cooperation by defining the main principles and organizational framework for future joint projects. As part of the

Region: North Macedonia and Serbia advance cross-border gas pipeline project Read More »

Region: North Macedonia and Serbia advance cross-border gas pipeline project

The national gas transmission operator of North Macedonia, Nomagas, and Serbia’s state gas company, Srbijagas, have signed a Memorandum of Understanding (MoU) to enhance their cooperation and accelerate the development of a cross-border gas interconnector. This agreement is a significant step toward streamlining the preparatory work for a key pipeline that will connect the gas

Region: SEE sees mixed electricity price trends amid rising demand and renewable surge in Week 24 of 2025 Read More »

Region: SEE sees mixed electricity price trends amid rising demand and renewable surge in Week 24 of 2025

In Week 24 of 2025, electricity market prices declined across all Southeast European (SEE) countries except Italy and Türkiye. Despite ongoing tensions in the Middle East and rising gas prices, European electricity prices have generally decreased recently. This trend was mainly driven by increased renewable energy production and high gas reserve levels. The week started

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