Serbia’s electricity system has crossed a threshold that is easy to miss if one looks only at domestic balance sheets. What began as a nationally adequate system—capable of meeting its own peak demand with dispatchable capacity—has evolved into a regional shock absorber whose operational behaviour influences outcomes well beyond its borders. This transition has not […]
Adequacy without comfort: Serbia’s hidden operational and fuel risks Read More »
Serbia’s power system enters the second half of the 2020s with a level of seasonal adequacy that stands out in South-East Europe. Yet this adequacy is often misread as comfort. In reality, the system’s resilience rests on a narrow operational foundation that demands continuous execution discipline. The same factors that underpin Serbia’s stabilising role in
Serbia versus Romania: How coal retirements are redrawing regional power flows Read More »
The divergence between Serbia and Romania in the 2025–2028 period marks one of the most consequential structural shifts in South-East Europe’s power system. While both countries entered the decade with comparable roles as regional anchors—large thermal fleets, significant hydro assets, and strong cross-border interconnections—their trajectories have separated sharply as Romania accelerates coal retirements and Serbia
Why Serbia’s grid reliability is becoming systemic for the Western Balkans Read More »
Serbia’s electricity system is no longer defined primarily by its ability to satisfy domestic demand. Over the last decade, and increasingly visible in ENTSO-E seasonal adequacy assessments, Serbia has evolved into a systemic grid node whose operational stability materially affects outcomes across the Western Balkans and adjacent EU markets. This shift is not the result of a
Serbia’s power system adequacy as a regional stability anchor in South-East Europe Read More »
Serbia enters the 2025–2027 period with a power system profile that is increasingly atypical within South-East Europe. While much of the region is navigating tightening reserve margins, accelerated coal exits, fuel supply volatility, and rising dependence on cross-border imports, Serbia remains one of the few systems whose seasonal adequacy is structurally intact under both reference
Serbia seeks US approval to ensure NIS operations amid MOL acquisition talks Read More »
Serbia has taken formal steps to secure the continued operation of NIS amid ongoing negotiations over a potential ownership change involving GazpromNeft and Hungary’s MOL Group. Minister of Mining and Energy Dubravka Đedović confirmed that NIS has submitted a request to the US Office of Foreign Assets Control (OFAC) seeking permission to maintain normal business
Hungary’s MOL Group has taken a major step toward reshaping the energy landscape in central and southeastern Europe by reaching a binding preliminary agreement to acquire a 56.15% controlling stake in Serbian oil company NIS from Russian GazpromNeft. Once all conditions are met, MOL would assume dominant shareholder rights over the company. If finalized, the
Serbia has taken another institutional step in restructuring its gas sector by formally designating a company to oversee and manage the country’s natural gas transmission system. The government confirmed the move at its most recent session, finalizing a process that has been ongoing for more than a year. Transportgas Srbija has been named the national
Serbia: NIS sees major ownership shift as Russian stake sold to MOL Read More »
Serbian oil company NIS has entered a new ownership phase following months of US sanctions and negotiations over its shareholder structure. The Russian stake in the company has now been sold, marking a significant shift in control. The 56.15% share previously held by Russian interests has been transferred to Hungary’s MOL, making it the company’s
Serbia: Pančevo refinery resumes operations after two-month shutdown Read More »
Fuel production has resumed at the Pančevo oil refinery in Serbia after an almost two-month shutdown, restoring a critical part of the country’s energy supply chain. According to Energy Minister Dubravka Djedovic, nearly 2,000 employees have returned to work, and eurodiesel supplies are expected to reach petrol stations from 27 January. The minister emphasized that
