US sanctions imposed on Serbia’s oil company NIS, due to its Russian ownership, have blocked a crude oil shipment that was expected to provide temporary relief for the country’s only refinery in Pančevo. Without new supplies, the facility may be forced to halt operations within days. President Aleksandar Vučić previously warned that the refinery—which produces […]
Serbian President Aleksandar Vučić announced that he expects to receive concrete information by the end of this week or early next week regarding the situation of the oil company NIS, which has come under US sanctions due to its Russian ownership structure. Vučić said that Serbia is currently holding talks with Russian, American, and European
Russian oil company Lukoil is expected to sell its Romanian refinery, Petrotel, before the November deadline set under the latest US sanctions targeting Russian energy firms. Romania’s State Secretary for Energy, Cristian Busoi, confirmed that the government anticipates Lukoil’s complete withdrawal from the local market. The Petrotel refinery, located in Ploiești, has a processing capacity
Montenegro has extended the deadline for its ongoing tender to lease fuel storage capacity for strategic petroleum reserves, moving the closing date from 27 October to 4 November. All other terms and conditions of the tender remain unchanged. According to the tender specifications, the Government is seeking to lease facilities with a capacity to store
The upgraded LNG terminal in Omišalj, located on the Croatian island of Krk, has entered its final testing phase and is expected to begin full commercial operations in the coming days. This follows several weeks of complex preparatory and commissioning work aimed at ensuring the facility’s readiness. Ivan Fugas, Director of LNG Hrvatska, confirmed that
The Croatian electricity exchange CROPEX has signed an agreement with oil company INA to organize auctions for the sale of guarantees of origin (GOs) owned by INA. Under the partnership, the GOs will be sold through auctions conducted by CROPEX using its dedicated IT trading platform. INA will initially offer guarantees of origin generated from
Croatia: CROPEX and INA partner to launch auctions for solar guarantees of origin Read More »
The European Union’s recent policy moves are expected to have an indirect but notable impact on Bosnia and Herzegovina (BiH), which, as an EU candidate country, is obliged to gradually align its foreign and energy policies with those of the bloc. Last week, EU member states formally adopted the 19th package of sanctions against Russia
Gross electricity production in the Federation of Bosnia and Herzegovina (FBiH) totaled 463 GWh in September 2025, representing a 7.8% decrease compared to the same month in 2024, when production stood at 502 GWh. Hydropower plants contributed 36.5% of total generation, thermal power plants 57.5%, and wind farms 6%. Net electricity production reached 432 GWh,
According to data from the Agency for Statistics of Bosnia and Herzegovina (BiH), the country’s gross electricity production reached 1,122 GWh in August 2025, down from 1,249 GWh recorded in the same month of the previous year. Hydropower plants accounted for 22.3% of total production, thermal power plants for 68.6%, and solar and wind power
The United States is considering new funding options to support infrastructure projects that would expand the Vertical Gas Corridor and strengthen gas transmission systems across southeastern Europe. The goal is to increase the flow of US liquefied natural gas (LNG) to Ukraine and boost regional energy security. The initiative is gaining momentum ahead of a
