In June 2025, North Macedonia’s total electricity consumption reached 296,651 MWh, while natural gas use amounted to 8.33 million cubic meters, coal consumption totaled 357,500 tons, and petroleum product consumption stood at 101,113 tons, according to the State Statistical Office. All electricity consumed during the month was covered by domestic production, and 99.9% of coal […]
MOL Group CEO Zsolt Hernadi has questioned the course of European Union energy policy, arguing that the company’s strong performance is rooted in its refining capacity, logistics network, and retail presence rather than any dependence on Russian crude oil. Hernadi criticized the European Commission’s goal of ending Russian natural gas imports by 2027, calling the
Hungary: MOL CEO criticizes EU energy policy, warns against overreliance on LNG plans Read More »
After five years in operation, the Krk LNG terminal’s floating storage and regasification unit (FSRU) has departed for the Kuzey Star shipyard in Turkey to be equipped with an additional regasification module. The upgrade will increase the terminal’s annual throughput from 2.9 billion cubic meters to 6.1 billion cubic meters, strengthening energy supply security for
Croatia: Krk LNG terminal undergoes major upgrade to double capacity Read More »
The gasification of the eastern part of the Republic of Srpska (RS) is progressing according to plan. The main pipeline along the Šekovići–Vlasenica–Milići route, with a branch from Vlasenica through Igrišta to Han Pijesak, could be completed within 14 months if there are no unforeseen delays. Sarajevo-Gas Istočno Sarajevo reported that recent decisions by the
Bosnia and Herzegovina (BiH) remains the only country in Europe without an electricity exchange. At the end of July, the Council of Ministers approved a draft law on the regulator, transmission, and electricity market that aligns with EU requirements and would create a unified framework for such an exchange. The proposal has not yet reached
Bosnia and Herzegovina moves toward establishing first electricity exchange Read More »
Slovenian Petrol Group reported sales of 3 billion euros in the first half of 2025, marking a 1% increase compared to the same period in 2024. Net profit rose sharply to 75.1 million euros, up 52% year-on-year. EBITDA increased by 13% to 145 million euros, while operating profit grew 26%. Company management noted that performance
Slovenia: Petrol Group reports 1% sales growth and 52% jump in net profit in H1 2025 Read More »
At the request of transmission and distribution system operators EMS and EDS, the Council of the Energy Agency (AERS) has approved updated access fees for the transmission and distribution networks, which will take effect on 1 October. The transmission fee for 2025 will increase by 10% compared with the level set on 1 October 2021,
State Secretary at the Ministry of Mining and Energy, Sonja Vlahovic, announced that the Kostolac wind farm is on schedule to begin trial operations by the end of the year. All 20 turbines at EPS’ first wind project have now been installed. Once fully operational, the wind farm is expected to generate around 187 million
Serbian oil company NIS has formally requested another extension of its operating authorization from the US Treasury’s Office of Foreign Assets Control (OFAC), as the current one-month waiver is set to expire on 27 August. The company has already received five consecutive renewals, each allowing it to continue daily operations while US authorities assess the
Serbia: NIS seeks another OFAC license extension amid US sanctions risks Read More »
French energy company EDF has signed a contract worth 175 million euros to modernize the turbogenerator at Unit 1 of Romania’s Cernavoda nuclear power plant. The deal involves collaboration between the plant’s operator, Nuclearelectrica, and two EDF subsidiaries – Arabelle Service France and Arabelle Solutions Romania. Cernavoda is Romania’s only nuclear power plant, supplying around
