Region: Hungary and Slovakia oppose EU plan to ban Russian gas imports by 2027

Hungary and Slovakia have voiced strong opposition to the European Union’s proposal to halt imports of Russian gas and liquefied natural gas (LNG), a measure that Brussels is preparing to formalize in the near future. Despite the objections raised by these two countries, the new legislation may still advance without their support. The European Commission […]

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Europe: Brent oil and TTF gas prices surge amid Middle East tensions and supply concerns

Brent oil futures for the Front Month on the ICE market recorded their lowest weekly settlement price at $66.87 per barrel on Tuesday, June 10. For most sessions during the second week of June, settlement prices stayed below $70 per barrel. However, on Friday, June 13, these futures rose by 7.0% compared to the previous

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Europe: Electricity demand rises in most markets amid rising temperatures in early June 2025

In the second week of June, electricity demand rose in most major European markets compared to the previous week. Italy experienced the largest increase at 12%, driven by a rebound in demand following the Republic Day holiday on June 2. France saw a 2.2% increase despite June 9 being the national Whit Monday holiday. Spain’s

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Record solar growth and mixed wind trends mark early June in European energy markets

During the week of June 9, solar photovoltaic energy production increased across most major European markets compared to the previous week. Germany saw the largest growth with a 41% rise, followed by France with a 38% increase. Italy’s production grew by 6.1%, while Spain experienced a modest 1.2% increase. Portugal, however, recorded its second consecutive

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Croatia: Electricity and hydrocarbon production rises in April 2025

According to short-term energy statistics from the Croatian Bureau of Statistics, net electricity production in Croatia in April 2025 reached 1,209 GWh, marking a 9% increase from the 1,109 GWh produced in April 2024. Hydroelectric power remained the leading production source, generating 537 GWh, or 44.4% of total output. Thermal power plants produced 209 GWh,

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Bulgaria: Bulgartransgaz seeks €102 million loan to expand gas network

Bulgarian state-owned gas transmission operator Bulgartransgaz has launched a tender to secure a €102 million loan to help fund the expansion of its pipeline network. The financing is intended to support the development of the Vertical Gas Corridor, a key project designed to connect Greece with Central and Eastern Europe and boost energy connectivity across

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Bosnia and Herzegovina: Republika Srpska begins gasification project in eastern region

President of the Republic of Srpska Milorad Dodik attended a ceremony marking the start of work on gasification in the eastern part of the entity. The event was held at the Jakovice handover station near Sekovici. Dodik emphasized the need for the Republic of Srpska to address gasification as a priority, highlighting that natural gas

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