Serbian oil company NIS has announced that it has not yet received a Special License from the US Treasury Department, which would allow its operations to continue without restrictions. Despite this, the company confirmed that it holds sufficient crude oil reserves for refining and is maintaining uninterrupted deliveries of all fuel types to its petrol […]
At the 55th International Gas Conference in Hungary, Bulgartransgaz CEO Vladimir Malinov emphasized the continued importance of natural gas in southeastern Europe’s energy mix. He explained that as electricity demand continues to grow and stable generation capacity remains vital for energy security, natural gas continues to play a key role. Bulgaria experienced a 5% increase
Bulgaria: Natural gas to remain key for Southeastern Europe’s energy security Read More »
On the morning of October 6, unit 6 of the coal-fired Sostanj thermal power plant was reconnected to the grid. The restart was prompted by falling temperatures and the increased need for heating in the Saleska Valley. The unit had been offline since April for scheduled maintenance. In June, it operated for only two days
The Montenegrin Ministry of Oil and Gas has launched a third tender to select a contractor for the long-delayed overhaul of the state-owned oil storage tanks in the Adriatic port of Bar. The project is valued at 1.8 million euros, the same as in the two previous tenders, with the deadline for bid submissions set
Montenegro launches third tender for long-delayed overhaul of Bar oil storage facility Read More »
The Turkish energy company GridFlex plans to invest 17 million euros in a new electricity storage facility near Leskovac, local authorities announced following a meeting between Mayor Goran Cvetanović and company representatives. GridFlex specializes in container-based battery storage systems aimed at improving network flexibility, supporting the integration of new energy sources, and contributing to the
Serbian oil company NIS has submitted an updated request to US authorities seeking another extension of the suspension of sanctions. The company’s current authorization, which allows it to continue operations despite the restrictions, is set to expire on 8 October. NIS is requesting a new license to maintain its activities beyond that date. The sanctions
Serbian oil company NIS seeks new extension of US sanctions suspension Read More »
HUDEX has announced that it will cease all electricity and natural gas trading after concluding that market liquidity remains insufficient to support sustainable long-term operations. Despite extensive efforts and detailed assessments conducted in recent years, trading volumes failed to reach the levels required to meet regulatory standards. As a result, the company’s board has approved
Hungary: HUDEX to cease all electricity and gas trading due to low market liquidity Read More »
The average price of electricity on the day-ahead market of the Hungarian energy exchange HUPX reached 101.93 euros per MWh in September 2025, marking a 27 percent increase compared to August, when the average baseload price stood at 80.51 euros per MWh. The average peak price on the HUPX day-ahead market amounted to 97.08 euros
Hungary: HUPX electricity prices rise 27% in September 2025, trading volumes decline Read More »
State-owned power utility EPBiH has completed a comprehensive capital overhaul of Unit 4 at its coal-fired thermal power plant in Tuzla, extending the operational life of one of its key generation units and enhancing its technical performance, reliability, and safety. The project, valued at 15.3 million euros and financed entirely from EPBiH’s own resources, will
The Federal Ministry of Energy, Mining and Industry has received a request from natural gas importer Energoinvest to lower gas prices for tariff customers by 1.63 percent in the fourth quarter of 2025. The proposal would reduce the price from 413.6 euros per 1,000 standard cubic meters to 406.8 euros per 1,000 standard cubic meters,
