European gas prices stable in early September as LNG supplies and storage support market

European natural gas prices remained relatively stable in early September, supported by coordinated global LNG imports that maintained adequate storage levels across the continent. Although European gas inventories were 16% lower than last year, rising US LNG exports and expanded terminal bookings helped ensure supply security for European consumers. TTF gas futures on the ICE […]

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Region: SEE electricity markets see moderate price rise and increased demand in Week 36 of 2025

During Week 36 of 2025, electricity market prices across Southeast Europe (SEE) rose moderately compared to Week 35. Most markets recorded weekly average prices below €100/MWh, with Italy being the exception, exceeding this level. Average prices across the region were around €88/MWh. Prices peaked on Friday, September 5, before declining toward the end of the

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Romania: Strabag begins turbine installation at largest wind farm in Vaslui County

Strabag Romania has reached a key stage in the development of the Deleni wind farm in Vaslui County, part of the larger Prowind North Cluster commissioned by PPC Renewables Romania. The project has now entered the turbine installation phase, with 23 GE Vernova units, each with a capacity of 6.1 MW, being assembled on site.

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Montenegro to sign MoU with Japan’s JERA for potential LNG terminal and gas-fired power plant

The Montenegrin Government is set to sign a Memorandum of Understanding with Japan’s energy company JERA, paving the way for the potential development of a liquefied natural gas (LNG) terminal and a gas-fired power plant in the country. Officials describe the agreement as a significant step forward in bilateral relations, moving beyond traditional development cooperation

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Hungary: MVM launches construction of 540 MW gas-fired power plant in Matra region

Hungary’s state-owned energy group MVM has begun construction of a new combined-cycle gas turbine (CCGT) power plant in the Matra region. Designed to produce 540 MW, the facility is scheduled for completion in 2028 and will play a significant role in ensuring the country’s electricity supply. The project follows a procurement process launched in 2023

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Hungary signs landmark long-term natural gas deal with Shell to boost energy diversification

Hungary has concluded a landmark long-term natural gas agreement with Shell, marking the largest deal ever reached between the country and a Western energy supplier. The announcement was made by Minister of Foreign Affairs and Trade Peter Szijjarto during the Gastech conference in Milan, where he underlined that Hungary’s diversification strategy aims to keep existing

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Bulgaria: Greenpeace files EU complaint over coal power plants as Bobov Dol advances green energy projects

Greenpeace Bulgaria and the environmental organization For the Earth have filed a formal complaint with the European Commission against four coal-fired power plants in Bulgaria: Bobov Dol in Golemo Selo, Brikel in Galabovo, Republika in Pernik, and Maritsa 3 in Dimitrovgrad. The case highlights recurring violations of EU environmental legislation between 2018 and 2023 and

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Europe: Brent oil and TTF gas prices fluctuate in early September amid OPEC+ production plans and rising EU gas reserves

Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $69.14 per barrel on Tuesday, September 2, marking the highest level since August 2. Following this peak, prices declined, reaching a weekly low of $65.50 per barrel on Friday, September 5. This represented a 3.8% drop compared

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European electricity prices drop in early September amid high wind output and low gas prices

During the first week of September, average electricity prices in major European markets fell compared to the previous week. The Nordic Nord Pool market and France’s EPEX SPOT market recorded the largest percentage drops at 38% and 48%, respectively. Italy’s IPEX market and Germany’s EPEX SPOT market saw the smallest decreases at 3.1% and 5.9%.

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Europe sees rising electricity demand in early September, with mixed forecasts for next week

During the first week of September, electricity demand rose in most major European markets compared to the previous week. The British market experienced the largest increase at 7.2%, driven by a recovery in demand following the Summer Bank Holiday on August 25. Germany, Italy, and Portugal also saw growth, with increases of 1.7%, 2.1%, and

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