In the first week of November 2025, TTF natural gas futures traded within a narrow range between €31.20 and €32.55 per MWh, showing limited volatility and remaining close to late-October levels. This stability reflected a short-term balance between supply and demand fundamentals in the European gas market. TTF gas futures on the ICE market for […]
During Week 45 of 2025, electricity prices across Southeast Europe (SEE) rose sharply compared to the previous week, driven by stronger demand and lower renewable generation. Except for Türkiye, Croatia, and Italy, all SEE markets recorded weekly average prices above €120/MWh, with the regional average standing at around €112/MWh. Prices began the week at elevated
The Russian shareholders of Serbian oil company NIS have submitted a formal request to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) to extend the company’s operating license. The request comes amid ongoing talks with a third party that could take over management and control of NIS. Serbian Minister of Mining
The Montenegrin Ministry of Energy announced that it will open bids for the country’s first renewable energy auction on 12 November, marking a major step forward in the nation’s clean energy transition. Launched in July with support from the European Bank for Reconstruction and Development (EBRD), the competitive tender will award market premiums for up
Montenegro to open first renewable energy auction for 250 MW of solar capacity Read More »
The average household electricity bill in Montenegro for October 2025 amounted to 32.21 euros, representing an increase of 13 percent compared to September (28.51 euros) and 15.4 percent compared to October 2024 (27.9 euros). Among municipalities, Mojkovac recorded the lowest average monthly bill at 24.6 euros, while the highest was in Nikšić, where households paid
Montenegro: Average household electricity bill rises 13% in October, reaching €32.21 Read More »
Representatives of Croatia’s state-owned pipeline operator JANAF and Hungary’s MOL Group met to assess the current situation and coordinate the next steps toward concluding a new crude oil transport agreement for the upcoming period. Initial negotiations between the two companies began in early October, focusing on a renewed contract governing the transport of crude oil
Bulgaria’s strategic fuel reserves stored within the country are sufficient to cover about one month of domestic consumption, according to Asen Asenov, head of the State Reserve Agency. He explained that roughly half of Bulgaria’s total fuel reserves are located abroad. Current figures show that Bulgaria holds gasoline reserves sufficient for approximately 35 days and
Bosnia and Herzegovina’s Federal Minister of Energy, Mining and Industry, Vedran Lakić, held a working meeting with the management of BH-Gas to assess progress and define the next steps in the preparatory phase of the Southern Gas Interconnection project. The meeting followed his recent visit to Greece and discussions with senior U.S. officials. Both sides
The Albanian electricity exchange ALPEX reported that the total volume of electricity traded in the day-ahead market reached 159.5 GWh in October 2025. This represents an increase of 25.1 percent compared to the previous month and 84.2 percent compared to October 2024. Out of the total traded volume, 99 GWh of electricity was traded for
Albania: ALPEX posts 84% annual growth in October trading volume Read More »
Brent crude oil futures for the front-month contract on the ICE market reached their weekly high of $64.89 per barrel on Monday, November 3, which was already 0.3 percent lower than the closing price of the previous week. Prices continued to decline until Thursday, November 6, when they hit the weekly low of $63.38 per
