China’s financial gravity in the energy transition: How state power, private capital and technology supply chains are redrawing the energy map of SEE

For more than a decade, South-East Europe has lived inside two parallel financial realities. One is deeply European, built around EU funding architecture, the European Investment Bank, the European Bank for Reconstruction and Development, accession-related instruments, green transition frameworks and layers of regulatory conditionality. The other has been built quietly, pragmatically and, at times, geopolitically,

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Serbia secures temporary gas supply extension through peak winter, ensuring energy stability for households and industry

Serbia has secured continuity of natural gas deliveries through the peak winter period after reaching a temporary supply arrangement valid until the end of March. President Aleksandar Vučić emphasized that the extension provides stability for households and industry, ensuring sufficient gas and electricity during the coldest months. The three-month extension is intended to give the

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Romania: Constanta Oil Terminal plans strategic upgrade to expand fuel logistics and strengthen regional energy security

Romania’s Constanta Oil Terminal is preparing a strategic shift to expand its role in fuel logistics, as the operator of the Black Sea state-owned facility moves to accommodate imported petrol for both domestic distribution and deliveries to neighboring markets. The company has outlined a development plan focused on upgrading infrastructure and expanding operational capabilities. Key

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North Macedonia secures €97 million to boost solar and hydropower projects, strengthening energy security

North Macedonia has formalized state guarantees and loan agreements totaling €97 million to advance two major energy investments aimed at reshaping the country’s electricity sector. The funding package supports the construction of the Bitola 3 solar power plant and a broad program to modernize existing hydropower facilities. The Bitola 3 solar project carries a total

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Croatia: Rijeka refinery nears completion after major modernization, diesel output set to rise

Croatia’s Rijeka oil refinery has entered the final stage of a large-scale modernization, with construction of the main facilities now complete and extensive testing underway ahead of a planned launch in the first quarter of 2026. The upgrade includes the completion of the heavy residue processing unit and supporting infrastructure, such as a newly built

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Bosnia and Herzegovina: Republic of Srpska households to face 10% higher electricity bills from February 2026

Households in the Republic of Srpska (RS) will see higher electricity bills from 1 February 2026, following a decision by the energy regulator to adjust regulated charges. According to the head of the RS Regulatory Commission for Energy (RERS), residential consumers will face a 10% increase. The price adjustment will also affect businesses, though to

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Albania expands liberalized electricity market with 6 kV consumers gaining choice from January 2026

Albania is set to expand its liberalized electricity market, with consumers connected to the 6 kV network able to choose their own suppliers starting 1 January 2026. The announcement was made by the national energy regulator ERE, which urged affected users to begin preparing for the transition. Under the new rules, customers must negotiate supply

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Europe: Vertical Gas Corridor faces setback as January capacity auctions fail to attract bidders

Efforts to transport natural gas to Ukraine via the Vertical Gas Corridor faced a setback after all three capacity auctions for January concluded without a single bidder. This outcome raises fresh doubts about the commercial readiness of the corridor and its ability to compete with alternative supply routes. The auctions, held simultaneously, covered three distinct

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European gas market Week 51: Prices edge higher amid supply stability and colder weather forecasts

During Week 51 of 2025, Dutch gas prices posted modest gains, but the market is largely expected to trade sideways, as rising demand from colder weather can be easily met by both pipeline and liquefied natural gas (LNG) deliveries. TTF gas futures on the ICE market for January 2026 delivery traded higher compared to Week

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