Romania prepares emergency legislation to enable sale of Lukoil’s petrotel refinery

Romania is preparing special legislation to enable the sale of Lukoil’s local assets, including the Petrotel refinery, marking a shift in strategy after Energy Minister Bogdan Ivan initially argued that the state should take direct control of the facility rather than request additional time under the U.S. sanctions deadline of 21 November. The United States […]

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Romania: Simtel expands renewable portfolio with landmark 52 MW solar power plant

Romanian engineering and technology group Simtel has brought online a 52 MW solar power plant in Giurgiu, now the largest photovoltaic facility in the country built entirely on rehabilitated industrial land. Constructed on the grounds of a former ash disposal site, the plant is expected to generate around 73 GWh of electricity per year. Completed

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Hungary emerges as Ukraine’s main gas gateway amid intensified Russian strikes

The energy implications of the Russian-Ukrainian war have escalated sharply in recent weeks as Ukraine’s gas infrastructure suffers extensive damage. A new analysis by the Oeconomus Economic Research Foundation shows that nearly half of Ukraine’s imported gas now enters the country through Hungary, significantly reshaping regional patterns of energy dependence. Before 2025, Russian attacks mainly

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Greece: Mirova acquires JUWI’s 156 MW clover solar portfolio

JUWI has reached an agreement to transfer ownership of a group of solar projects with a combined installed capacity of 156 MW in northwestern Greece to Mirova, the Paris-based sustainable investment firm affiliated with Natixis Investment Managers. The deal represents another significant milestone in JUWI’s expanding pipeline of large-scale solar developments in the country. Despite

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Region: MOL and Slovnaft accuse JANAF of undermining EU supply security

Oil companies MOL and Slovnaft have written to the European Commission’s Directorate-General for Competition to raise serious concerns over the conduct of Croatia’s state-owned pipeline operator JANAF, warning that its actions are undermining the security of non-Russian oil supplies. In their letter, the companies state that JANAF recently informed them it would accept already-purchased and

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Energy, grid services & balancing markets: MNE as a regional power stabilizer

As Western Balkan energy systems modernize, Montenegro’s grid and market position is becoming strategically important. Montenegro can serve as a balancing and flexibility-services provider for neighboring power systems. Hydropower flexibility → Regional stabilization Montenegro’s hydropower plants offer fast ramping capabilities—critical for balancing Serbia’s wind capacity, Albania’s hydropower volatility, and North Macedonia’s thermal decline. Cross-border opportunities Why Montenegro

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Serbia: EPS outlines €2 billion hydropower investment strategy through 2035

Over the next decade, Serbia is expected to see nearly 2 billion euros invested in its hydropower sector, with around 760 million euros planned for the first three years alone. Of that total, approximately 470 million euros will be directed toward new hydropower developments, according to Radovan Stanić, Assistant General Director for Operations at power

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Serbia: NIS ownership shift nears completion as Russia moves to sell its stake

Russian shareholders have agreed to sell their 56.15% stake in the Serbian oil company NIS, according to Minister of Mining and Energy Dubravka Djedović. She stated that the identity of the potential buyer remains confidential, noting that negotiations are still underway and that naming the party prematurely would be inappropriate while key terms of the

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Bulgaria takes control of Lukoil operations as company considers court response

Russian oil company Lukoil announced that it may pursue legal action if it determines that its rights or legitimate interests have been infringed. The statement came after Bulgaria decided to transfer management authority over Lukoil Neftochim Burgas, Lukoil Bulgaria, and several affiliated companies to a special commercial administrator, effective 17 November 2025. Lukoil stressed that

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Serbia boosts emergency fuel reserves amid sanctions pressure on NIS

Serbia has intensified efforts to strengthen its emergency fuel reserves in the coming weeks. As part of the plan, the state is arranging deliveries of 38,000 tons of petrol, approximately 66,000 tons of diesel, and an additional 86,000 tons of crude oil to reinforce national stockpiles. Energy Minister Dubravka Đedović announced the measures during consultations

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