Greece boosts regional energy role with €134 million Komotini gas compression station

Greece is preparing to launch a new natural gas compression station in Komotini, northern Greece, marking a significant milestone in its strategy to strengthen its role as an energy hub for southeastern Europe. The €134 million investment will substantially increase the country’s capacity to export natural gas northward, reinforcing the regional energy corridor that links […]

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Bulgaria: SUNOTEC signs five-year hedge agreement with Shell Energy Europe to support 600 MWh battery storage project

German-Bulgarian renewable energy company SUNOTEC has signed a five-year cross-border spread hedge agreement with Shell Energy Europe, aimed at ensuring price stability for its 600 MWh battery energy storage system currently under development in Bulgaria. The partnership represents an important milestone in enhancing financial predictability for large-scale energy storage projects in southeastern Europe. The agreement

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Bosnia and Herzegovina: RiTE Ugljevik reports €11.6 million loss in first nine months of 2025, TPP Gacko returns to operation after overhaul

The largest electricity producer in the Republic of Srpska, coalmine and thermal power plant RiTE Ugljevik, reported a loss of 11.6 million euros in the first nine months of 2025, compared to a loss of 15.3 million euros during the same period last year. According to the company’s financial statement, total revenues for the reporting

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Serbia: SEEPEX day-ahead trading rises 11.9% in October, prices up sharply from September

A total of 511,894 MWh of electricity was traded on the day-ahead market of the Serbian energy exchange SEEPEX in October 2025, marking an 11.9 percent increase compared to the previous month and averaging 16,512.7 MWh per day. However, trading volume was 6 percent lower than in the same month last year. The average daily

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Romania raises electricity and heating prices as cogeneration tax increases by 62%

Starting November 1, electricity and heating prices in Romania will increase slightly following a 62 percent rise in the high-efficiency cogeneration tax, which has been raised to 0.0027 euros per kilowatt-hour. The adjustment was announced by the Smart Energy Association (AEI), which warned that despite years of contributions intended to fund efficiency improvements, consumers continue

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Montenegro: Jugopetrol posts €8.8 million profit in first nine months of 2025 despite lower sales

Montenegrin fuel retailer Jugopetrol achieved a net profit of 8.8 million euros in the first nine months of 2025, up from 7.3 million euros in the same period last year. The company’s net sales amounted to 196.3 million euros, representing a 3.1 percent decrease compared to the same period in 2024. Operating expenditures also declined

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Region: Washington rejects request for exemption from U.S. sanctions on Russian oil industry

U.S. President Donald Trump has revealed that Hungarian Prime Minister Viktor Orbán personally requested an exemption from the newly imposed U.S. sanctions targeting Russia’s oil sector. However, Washington rejected the request, reaffirming that the restrictions would apply universally, without exceptions. Trump explained that the decision was based on both economic and national security considerations, emphasizing

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Croatia: Omišalj LNG terminal begins testing of new regasification module, doubling capacity to 6.1 bcm

The newly installed regasification module at Croatia’s floating LNG terminal in Omišalj has entered the testing phase and will undergo several weeks of adjustments, the operator LNG Hrvatska announced. The upgrade is a key part of a major capacity expansion project at the liquefied natural gas terminal. According to LNG Hrvatska, the new module must

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Bulgaria weighs options for Lukoil Burgas refinery amid U.S. sanctions and energy security concerns

Bulgaria is maintaining active coordination with both the European Union and the United States regarding the uncertain future of the Lukoil Neftochim Burgas refinery, said Pavela Mitova, Chair of the Parliamentary Committee on Energy. She confirmed that domestic fuel supplies remain stable and that reserves are sufficient for the coming months, but emphasized that a

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Bulgaria: Electricity production up 7.5% in 2025, driven by strong growth in renewables

According to data released by Bulgaria’s electricity transmission system operator ESO, the country’s electricity production between January 1 and November 2, 2025, rose by 7.51 percent compared to the same period in 2024, reaching 33.68 TWh. Electricity consumption also increased, growing by 6.42 percent to a total of 31.61 TWh. As a result, Bulgaria recorded

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