The Albanian electricity exchange ALPEX reported that a total of 124.5 GWh of electricity was traded on the day-ahead market in May 2025. This marks a 2.6 percent decline compared to the previous month and a 7 percent decrease compared to May 2024. Of the total volume, 67.5 GWh was traded for the Kosovo bidding […]
A recent analysis by the think tank Ember projects that natural gas consumption in the European Union will decline by 7 percent by 2030. This expected decrease is being driven by the rapid expansion of renewable energy sources and a broader shift toward electrification across member states. Ember’s review of national energy strategies from EU
Europe: EU gas demand to fall by 7% by 2030 amid surge in renewables and electrification Read More »
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
Region: Hungary and Slovakia oppose EU plan to ban Russian gas imports by 2027 Read More »
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
Europe: Brent oil and TTF gas prices surge amid Middle East tensions and supply concerns Read More »
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
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
Record solar growth and mixed wind trends mark early June in European energy markets Read More »
By the end of this year, the Gvozd wind farm, with a capacity of 55 MW, is set to start trial operations. The €82 million investment, supported by KfW Bank, marks a significant milestone in Montenegro’s renewable energy development. Construction of Gvozd 2, a smaller 21–22 MW wind facility, is expected to commence in early
Montenegro advances renewable energy transition with large-scale projects Read More »
Twenty years ago, Croatia inaugurated its first wind farm, a project by Adria Wind Power that marked the country’s initial venture into commercial wind energy production. The path to bring this project to life was challenging and lengthy — it took a full seven years to complete — and even today, renewable energy investors face
Croatia: Wind sector faces rising hurdles 20 years after first wind farm Read More »
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,
Croatia: Electricity and hydrocarbon production rises in April 2025 Read More »
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
Bulgaria: Bulgartransgaz seeks €102 million loan to expand gas network Read More »
