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Serbia: US extends NIS operating license until 20 February under strict conditions Read More »

Serbia: US extends NIS operating license until 20 February under strict conditions

Serbian oil company NIS has been granted additional time to continue its operations after the United States extended its operating authorization until 20 February, according to the Office of Foreign Assets Control (OFAC). The temporary approval allows NIS to remain active but only under a strictly defined and restrictive framework. US authorities clarified that all […]

SEEPEX futures after 2025: Progress without critical mass Read More »

SEEPEX futures after 2025: Progress without critical mass

The Serbian power market entered 2025 with a sense of momentum. Forward trading volumes had increased sharply, institutional participation had broadened, and futures contracts were firmly embedded in hedging practice. Yet beneath the positive trajectory lay a more sobering reality. Growth, while real, had not yet delivered critical mass. SEEPEX futures were improving, but they still could

Serbia: UAE’s ADNOC enters the EU oil market through NIS as a minority partner of MOL Read More »

Serbia: UAE’s ADNOC enters the EU oil market through NIS as a minority partner of MOL

Hungarian energy major MOL Group and the Abu Dhabi National Oil Company (ADNOC) are actively involved in negotiations that could reshape the energy landscape of Central and Southeastern Europe — but the core of the immediate negotiations is centered on MOL’s planned acquisition of the Russian-owned stake in Serbia’s NIS (Naftna Industrija Srbije), with ADNOC potentially joining as a minority investor in that broader

Green electricity in Serbia: What industrial buyers need to know about origin, verification and credibility Read More »

Green electricity in Serbia: What industrial buyers need to know about origin, verification and credibility

For industrial power buyers in Serbia, green electricity is no longer a branding add-on or a sustainability slogan. By 2025–2026, it has become a regulated, auditable, and increasingly scrutinised component of procurement strategy. Understanding what “green power” actually means in Serbia, how its origin is proven, and where the risks lie is essential not only

Contracts for Difference in Serbia: How electricity buyers hedge power price risk Read More »

Contracts for Difference in Serbia: How electricity buyers hedge power price risk

For a power buyer in Serbia, a Contract for Difference is not an abstract financial derivative imported from mature Western European markets. It is a practical response to the structural realities of the local electricity system. By 2025 and moving into 2026, Serbian industrial consumers, utilities, and large commercial buyers increasingly turned to CfDs not

Region: MOL-GazpromNeft deal could restore NIS supplies, Rijeka refinery safe for now Read More »

Region: MOL-GazpromNeft deal could restore NIS supplies, Rijeka refinery safe for now

Croatian Prime Minister Andrej Plenkovic stated that the planned transaction between Hungarian MOL and Russian GazpromNeft over the sale of a majority stake in Serbian NIS is expected to have a positive short-term impact on the pipeline operator JANAF. However, he cautioned that the longer-term effects remain uncertain and will require ongoing dialogue with MOL

Winter stress events and Serbia’s emerging role In continental grid stability Read More »

Winter stress events and Serbia’s emerging role In continental grid stability

Winter stress events are the moments when power systems reveal their true structure. Peak demand, constrained generation, reduced hydro inflows, and correlated weather patterns compress margins across entire regions, turning theoretical adequacy into a real-time operational test. In recent years, these events have become increasingly continental in nature, affecting Central Europe, South-East Europe, and parts

Short-term adequacy, long-term transition: Serbia’s strategic power sector dilemma Read More »

Short-term adequacy, long-term transition: Serbia’s strategic power sector dilemma

Serbia’s power system stands at a structurally unusual intersection. In the short term, it enjoys a level of adequacy that is increasingly rare in South-East Europe. In the long term, it faces a transition challenge that is becoming harder precisely because that adequacy reduces urgency. This tension between comfort today and constraint tomorrow defines Serbia’s

From domestic security to regional shock absorber: Serbia’s quiet role in South-East Europe’s power stability Read More »

From domestic security to regional shock absorber: Serbia’s quiet role in South-East Europe’s power stability

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 »

Adequacy without comfort: Serbia’s hidden operational and fuel risks

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

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