EU electricity under CBAM: Why Southeast Europe is structurally exposed

The inclusion of electricity in the European Union’s Carbon Border Adjustment Mechanism marks a quiet but profound shift in how power systems at Europe’s periphery are judged, priced, and ultimately integrated. While much of the public CBAM debate has focused on steel, cement, aluminium, and fertilisers, electricity is the only CBAM-covered “product” that is not […]

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Romania: Greenvolt to sell 253 MW Ialomița wind farm to Engie

A wind project in southeastern Romania is set to change ownership as Portuguese renewable energy group Greenvolt moves forward with another project divestment. The company has agreed to transfer a 253.1 MW wind farm under development to French energy giant Engie, continuing its strategy of selling mature assets while retaining a development focus. The project,

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Romania: OMV Petrom commissions €45m sulfur recovery unit at Petrobrazi Refinery

OMV Petrom has commissioned a major new processing facility at its Petrobrazi refinery, strengthening both environmental performance and operational flexibility at one of Romania’s most important fuel production sites. The newly completed sulfur recovery unit, representing an investment of €45 million, is now fully operational. The installation is designed to process acid gas generated during

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Romania plans €30bn grid expansion to integrate electricity market with Western Europe

Romania is preparing for a major upgrade of its electricity interconnections under a large-scale EU-backed investment program aimed at integrating its power system more closely with western Europe. By 2035, up to €30 billion is expected to be allocated to electricity network investments linking Romania, Hungary and Austria through a coordinated regional framework. Energy Minister

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Hungary signs first long-term US LNG deal to boost energy security and diversification

Hungary has taken a significant step toward diversifying its energy imports by signing a long-term liquefied natural gas (LNG) supply agreement with a US supplier. State-owned utility MVM has concluded a five-year contract with Chevron, marking the first time American LNG will enter Hungary’s energy portfolio on a regular basis. Under the agreement, 400 million

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Bulgaria: Westinghouse expands industry role in Kozloduy AP1000 nuclear project

Westinghouse has further reinforced Bulgaria’s domestic industrial base supporting the country’s new nuclear build by signing an additional set of cooperation agreements with local companies. The latest memoranda were concluded during the company’s third Supplier Symposium in Sofia in November 2025, expanding Bulgarian participation in the planned nuclear power expansion at Kozloduy. With the signing

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Europe: Gas prices near €27/MWh amid record LNG imports and geopolitical shifts

During mid-December 2025, European natural gas prices continued their downward trajectory, approaching around €27/MWh, near levels not seen since early 2024. Despite minor daily upticks, this reflects a 10.10% decline over the past month, a 33.46% drop compared to December 2024, and a year-to-date fall of roughly 45%. Remarkably, prices have plummeted more than 90%

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Region: Electricity prices ease across SEE in Week 50 amid shifts in renewable and thermal generation

During Week 50 of 2025, electricity prices across Southeast Europe (SEE) eased, with two-digit weekly declines observed in all SEE markets, except Türkiye. Despite these weekly drops, several markets recorded daily prices above €100/MWh, resulting in a regional average of approximately €112/MWh. Prices started the week at elevated levels, peaked on Wednesday, December 10, and

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Slovenia: Petrol criticizes fuel price regulation, shifts focus to more predictable markets

Slovenian energy company Petrol has voiced dissatisfaction with the Government’s decision to maintain the current fuel price regulation system across all filling stations and indicated it will increasingly focus its development efforts on markets with more predictable regulatory conditions in the region. The Government recently adopted a new decree extending the existing pricing mechanism for

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Serbia maintains top ranking in Energy Community Report 2025 with strong decarbonization progress

Serbia has maintained a high position in the Energy Community Secretariat’s Annual Implementation Report 2025, following last year’s second-place finish, thanks to significant progress in decarbonization and electricity market reforms. Moldova once again topped the ranking, securing first place for the second consecutive year with an overall implementation score of 74%. During the reporting period,

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