Europe: Brent oil steady, TTF gas rises and EU CO₂ prices fluctuate in late January

During the week of January 19, Brent oil futures for the Front Month on the ICE market remained largely stable compared to the previous week. The week opened with a settlement price of $63.94/bbl, which also marked the weekly minimum, 0.3% below the previous Friday’s settlement. Prices rose over the next two days to $65.24/bbl, […]

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Europe: Electricity prices rise amid mixed wind and gas trends in late January

In the week of January 19, electricity prices rose in most major European markets compared to the previous week, particularly during the early days. The Nord Pool market of the Nordic countries recorded the largest percentage increase at 28%, while the N2EX market in the United Kingdom registered the smallest rise, 2.2%. In the EPEX

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Europe: Electricity demand shows mixed trends amid temperature swings in late January

In the week of January 19, electricity demand rose in most major European markets compared to the previous week. The Portuguese market recorded the largest increase at 4.8%, followed by Germany with a 4.3% rise. The Spanish market saw the smallest increase, 0.1%, while France and Italy registered rises of 3.2% and 1.2%, respectively. Both

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Serbia sees strong renewable growth while strengthening gas and oil infrastructure

Serbia recorded a strong surge in wind and solar power last year, with combined capacity rising 45% to 1.14 GW, according to the Ministry of Mining and Energy. This growth is expected to continue in 2026, with roughly 240 MW of additional renewable capacity forecast to come online. Between December 2024 and November 2025, Serbia’s

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Serbia moves to fast-track SMRs as power demand rises and coal generation declines

Serbia is preparing emergency legal amendments to enable the construction of small modular reactors (SMRs), as rising electricity consumption and weakening domestic generation raise concerns at the highest political level. The announcement was made during a government session, where President Aleksandar Vučić warned that the national electricity system is approaching a critical threshold. Two parallel

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Montenegro to refurbish oil storage tanks at Port of Bar to meet EU reserve obligations

Montenegro will begin refurbishing oil storage tanks at the Port of Bar in February, following the signing of a contract between the Ministry of Energy and Mining and a consortium led by Croatia’s S.A.K.Z., together with several local companies. The works, valued at around €1.74 million excluding VAT, are expected to last nine months. The

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North Macedonia pushes cross-border gas links to boost energy security and regional integration

North Macedonia is advancing major cross-border gas infrastructure projects, Prime Minister Hristijan Mickoski said last week at the World Economic Forum in Davos, underscoring energy connectivity as a key pillar of the country’s long-term development strategy. PM Mickoski explained that North Macedonia is aligning its energy policy with broader technological ambitions, including developments in artificial

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Bulgaria: Authorities order emission cuts at Maritsa 3 after SO₂ levels spike in Dimitrovgrad

Environmental authorities have intervened after elevated sulfur dioxide (SO₂) concentrations were recorded in Dimitrovgrad, prompting immediate action linked to the operation of the Maritsa 3 thermal power plant. The alert followed continuous monitoring that showed a steady rise in pollution levels on 26 January. The increase was detected by an automated air quality monitoring station,

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Europe: EU approves phased ban on Russian gas imports under REPowerEU strategy

All 27 European Union member states have formally approved new legislation introducing a phased ban on Russian natural gas imports, covering both pipeline gas and liquefied natural gas (LNG). The regulation also strengthens oversight mechanisms and promotes measures to expand alternative energy sources across the bloc. This decision marks a major milestone in the implementation

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