Hungary risks losing more than 4 percent of its gross domestic product if it completely stops importing Russian gas, according to Gergely Gulyas, chief of staff to Prime Minister Viktor Orban. He noted that International Monetary Fund calculations estimate such a scenario would result in losses of around 10 billion dollars, making it extremely difficult […]
Hungary could lose over 4% of GDP if Russian gas imports stop Read More »
Croatian oil pipeline operator JANAF has warned that it could lose a significant portion of its revenues if US sanctions on Serbian oil company NIS are implemented in October. To address this risk, JANAF plans to request an extension of its license from US authorities to continue its cooperation with NIS. Currently, JANAF holds a
Tensions between Croatia and Hungary have intensified following statements from Hungarian Foreign Minister Peter Szijjarto, who accused Croatia of profiting from wartime conditions in the energy sector. His remarks provoked strong reactions from both the Croatian Government and JANAF, the operator of the Croatian oil pipeline. JANAF rejected Szijjarto’s claims, calling them false and misleading.
Croatia and Hungary clash over energy transit and alleged wartime profiteering Read More »
Minister of Energy and Mining of the Republic of Srpska, Petar Djokic, expressed optimism that the Dabar hydropower plant will be completed by the end of 2027. The project, with an investment of 340 million euros, is expected to deliver significant benefits to the eastern Herzegovina region once operational. The hydropower plant spans four municipalities
According to the Agency for Statistics of Bosnia and Herzegovina, gross electricity production in July 2025 totaled 1,082 GWh, down from 1,283 GWh in the same month last year. The energy mix consisted of hydropower with a share of 25.6 percent, thermal power 63.4 percent, and solar and wind power 11 percent. Net production of
According to data from the Statistical Office of the Republic of Slovenia, the country’s net electricity generation in August 2025 fell by 21 percent compared to the same month last year. Total net generation reached 1,055 GWh, a 4 percent decrease from July 2025. In August, electricity production in thermal power plants dropped by 76
Serbian President Aleksandar Vučić announced that the United States has extended the sanctions deadline for the country’s oil company NIS by only four days, making them effective from October 1, 2025. The United States placed Serbia’s largest oil firm under sanctions on January 10, citing secondary risks tied to its majority Russian ownership in the
Serbia: US sanctions on NIS set for October 1 after brief extension Read More »
In July 2025, total electricity consumption in North Macedonia reached 421,489 MWh, while natural gas consumption stood at 25.6 million cubic meters. Coal consumption amounted to 357,665 tons, and petroleum product use totaled 112,946 tons. According to the State Statistical Office, all electricity consumed during the month was covered by domestic production, and 99.9 percent
Last week, Hungarian oil company MOL and Croatian state-owned transporter JANAF conducted joint tests on the JANAF pipeline, but results did not confirm that the system can sustain long-term crude oil flows to Hungary and Slovakia. According to MOL, the pipeline was only able to operate at the required capacity for short periods of one
Bulgaria has announced that it will stop the transit of Russian natural gas through its territory to Serbia and Hungary starting in 2026. The decision comes after renewed calls from US President Donald Trump for European countries to reduce their reliance on Russian energy. Prime Minister Rosen Jelyazkov, speaking in New York during the UN
