serbia

Serbia versus Romania: How coal retirements are redrawing regional power flows Read More »

Serbia versus Romania: How coal retirements are redrawing regional power flows

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 »

Why Serbia’s grid reliability is becoming systemic for the Western Balkans

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’s power system adequacy as a regional stability anchor in South-East Europe

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 seeks US approval to ensure NIS operations amid MOL acquisition talks

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: MOL Group moves to acquire controlling stake in NIS, expanding regional energy footprint Read More »

Hungary: MOL Group moves to acquire controlling stake in NIS, expanding regional energy footprint

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 appoints Transportgas Srbija as national gas transmission operator, advancing sector reform Read More »

Serbia appoints Transportgas Srbija as national gas transmission operator, advancing sector reform

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 »

Serbia: NIS sees major ownership shift as Russian stake sold to MOL

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 »

Serbia: Pančevo refinery resumes operations after two-month shutdown

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

Is EPS lagging behind regional power utilities? Execution, not ambition, is the core gap Read More »

Is EPS lagging behind regional power utilities? Execution, not ambition, is the core gap

When measured against its regional peers, Elektroprivreda Srbije (EPS) is increasingly lagging—not in stated ambition, but in execution speed, project scale, and repeatable delivery capacity. The contrast is clearest in renewables, flexibility, and grid-linked investments, where neighbouring utilities have moved from planning into multi-year construction cycles, while EPS is only beginning to transition from feasibility-heavy portfolios into first

Serbia: EPS’s €3.6 billion investment plan reflects reduced ambition and uncertain execution Read More »

Serbia: EPS’s €3.6 billion investment plan reflects reduced ambition and uncertain execution

Serbia’s state-owned power utility Elektroprivreda Srbije (EPS) has revised the scale of its much-publicised investment programme, clarifying that the planned capital envelope amounts to €3.6 billion over the next three years. While the figure is far more realistic in macroeconomic terms, the underlying issue remains unchanged: the gap between announced investment plans and visible execution on the

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