The European Union has reached an agreement to implement a complete ban on Russian natural gas imports, nearly four years after Russia’s invasion of Ukraine. EU diplomats and members of the European Parliament approved a phase-out timeline that will end all imports of Russian gas by autumn 2027, with earlier deadlines for liquefied natural gas […]
Europe: EU agrees to full ban on Russian gas imports by 2027 Read More »
Serbia is implementing emergency measures to maintain energy stability after the United States refused to issue a license allowing oil company NIS to continue operating its Pančevo refinery. Following consultations with national energy teams, President Aleksandar Vučić announced that Serbia would temporarily secure NIS’ payment operations through the end of the week, despite the financial
Serbia prepares emergency measures as US denies NIS refinery license Read More »
Romanian authorities are reviewing major amendments to the Oil Law that could remove Lukoil’s dominant position in the Trident offshore concession in the Black Sea. Local media report that the government is evaluating options to either return the concession to state ownership or transfer operational control to Romgaz, which currently holds a 12.5% minority stake.
Econergy Renewable Energy has secured €40.5 million in project financing from UniCredit Bank to support operations at its Oradea solar power plant in northwestern Romania. Part of the funding will be used to refinance existing debt from the plant’s construction phase. The 87 MW solar facility, located in the Crisana region, has been fully operational
Operations at the Brazi combined-cycle gas power plant were partially suspended on 2 December after two generating units, totaling 569 MW, were taken offline around midday. The plant, operated by OMV Petrom, is experiencing technical issues related to the supply of process water, which is critical for its operation. A third unit, with a capacity
Romania: Partial shutdown at Brazi gas plant due to water supply issues Read More »
Plans for an electricity interconnection between Greece and Saudi Arabia are entering a crucial stage, as the network operators ADMIE and National Grid Saudi Arabia prepare a detailed feasibility study that will determine the project’s next steps. Both companies have agreed to accelerate the study, which is expected to be finalized between March and May
Greece-Saudi Arabia electricity link enters critical feasibility phase Read More »
A new step in expanding Bulgaria’s nuclear capacity has been taken as the project company NPP Kozloduy New Builds signed an engineering consultancy contract with a predominantly Canadian consortium. The consortium includes Laurentis Energy Partners, its subsidiary Canadian Nuclear Partners, and BWX Technologies. Under the agreement, the consortium will support Bulgaria in overseeing and managing
Bulgaria advances nuclear expansion with Kozloduy units 7 and 8 engineering contract Read More »
Unit 6 at Bulgaria’s Kozloduy Nuclear Power Plant is back online following its annual maintenance, reconnecting to the national electricity grid on the evening of 1 December. The maintenance program, which started on 25 October 2025, included thorough preventive inspections, servicing of critical systems, and all tasks required under the plant’s annual upkeep schedule. During
Bulgaria: Kozloduy nuclear Unit 6 back in operation after safety and fuel upgrades Read More »
According to data released by the Bulgarian electricity transmission system operator (ESO), electricity production in Bulgaria between January 1 and November 30, 2025, increased by 6.41% compared to the same period in 2024, reaching 36.36 TWh. During the same period, electricity consumption in the country also grew, rising by 5.17% to a total of 34.76
Bulgaria sees rise in electricity production and renewables in 2025 Read More »
Brent oil futures for the Front Month on the ICE market reached their weekly maximum settlement price of $63.37/bbl on Monday, November 24. Following a 1.4% drop on Tuesday, November 25, prices fell to the weekly minimum of $62.48/bbl, the lowest since October 22, according to AleaSoft Energy Forecasting. In the last three sessions, settlement
Weekly energy market update: Brent, TTF gas and CO₂ futures trends Read More »
