Romania: Transgaz posts €104 million net profit in H1 2025, up 282% year-on-year

Romanian natural gas transmission operator Transgaz reported a group-level net profit of 104 million euros in the first half of 2025, marking a 282 percent increase compared to the same period in 2024. Consolidated gross profit also rose sharply, up 272 percent or 77 million euros versus H1 2024. The company’s core performance showed significant […]

Romania: Transgaz posts €104 million net profit in H1 2025, up 282% year-on-year Read More »

Romania sees slight rise in electricity consumption despite drop in domestic production in H1 2025

According to data from the National Institute for Statistics (INS), Romania’s electricity consumption in the first half of 2025 reached 24.87 TWh, up 0.5 percent compared to the same period in 2024. Industrial electricity consumption totaled 18.65 TWh, a decrease of 0.9 percent, while household consumption rose 5.3 percent to 6.02 TWh. Public lighting usage

Romania sees slight rise in electricity consumption despite drop in domestic production in H1 2025 Read More »

Montenegro concludes public consultation on draft National Energy and Climate Plan

Montenegro’s public consultation on the draft National Energy and Climate Plan (NECP) concluded last week. The Ministry of Energy stated that a consultation report along with the final plan could be published within the next two months. A decision on which major hydropower project will start construction first is expected by the end of the

Montenegro concludes public consultation on draft National Energy and Climate Plan Read More »

Montenegro: EPCG and EBRD secure €25 million for Gvozd 2 wind farm expansion

Montenegro’s state-owned power utility EPCG and the European Bank for Reconstruction and Development (EBRD) have signed an additional 25 million euro loan to finance Gvozd 2, the expansion of the Gvozd wind farm. The upgrade will add three new turbines, increasing the project’s installed capacity to 75.6 MW — the highest for a single plant

Montenegro: EPCG and EBRD secure €25 million for Gvozd 2 wind farm expansion Read More »

Bosnia and Herzegovina: Republic of Srpska opens tender for 7.95 MW solar power plant near Trebinje

The Ministry of Energy and Mining of the Republic of Srpska has launched a tender for a concession to build and operate the SET 1 solar power plant near Trebinje. The planned facility will have an installed capacity of 7.95 MW and is expected to generate around 11.457 GWh of electricity annually. The investment is

Bosnia and Herzegovina: Republic of Srpska opens tender for 7.95 MW solar power plant near Trebinje Read More »

Europe: Gas prices hit 2025 lows on hopes of Ukraine ceasefire and softer supply conditions

European natural gas prices fell to their lowest point of 2025 on Monday, as intensified diplomatic efforts toward a potential Ukraine ceasefire raised expectations of looser supply conditions. At the TTF hub in Amsterdam, front-month futures dropped by more than 1.9 percent in early trading to 30.43 euros per megawatt-hour. Prices had already weakened late

Europe: Gas prices hit 2025 lows on hopes of Ukraine ceasefire and softer supply conditions Read More »

Europe: EU plans to end Russian LNG imports by 2028 as reliance persists in several states

The European Union imported around 4.48 billion euros worth of liquefied natural gas (LNG) from Russia in the first half of 2025, an increase from 3.47 billion euros in the same period of 2024, according to Eurostat. Total EU LNG imports between January and June 2025 amounted to about 26.9 billion euros, with the United

Europe: EU plans to end Russian LNG imports by 2028 as reliance persists in several states Read More »

Europe: Brent, TTF gas and EU CO2 futures fall amid supply, demand and geopolitical factors

During the second week of August, Brent crude oil Front Month futures on the ICE market remained below $67 per barrel. On August 13, they hit the week’s lowest settlement price of $65.63/bbl, the lowest since June 6. Prices rose on August 14 to the week’s maximum settlement of $66.84/bbl, following a 1.8% increase from

Europe: Brent, TTF gas and EU CO2 futures fall amid supply, demand and geopolitical factors Read More »

Europe: Electricity prices rise in Week of August 11 amid lower renewables and higher demand

During the second week of August, average electricity prices rose across most major European markets compared to the previous week. Italy’s IPEX market and the MIBEL market for Portugal and Spain recorded the smallest increases at 4.9%, 20%, and 22%, respectively. In contrast, the Nord Pool market in the Nordic countries saw the largest percentage

Europe: Electricity prices rise in Week of August 11 amid lower renewables and higher demand Read More »

Europe sees mixed electricity demand trends amid heat wave and holidays

During the week of August 11, electricity demand rose in most major European markets compared to the previous week. The British market recorded the largest increase at 12% following three consecutive weeks of decline. Belgium continued its upward trend from the previous two weeks, rising 6.2%. Germany and France reversed declines from the last two

Europe sees mixed electricity demand trends amid heat wave and holidays Read More »

Scroll to Top