Bulgaria: TPP Bobov Dol reports sharp profit drop despite higher revenues in 2025

Bulgarian thermal power plant Bobov Dol recorded a net profit of approximately 510,000 euros in the first nine months of 2025, a significant decrease compared to 2.3 million euros in the same period last year. The company’s total revenues reached 144.5 million euros, marking a 31.5 percent increase compared to the corresponding period in 2024. […]

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Bulgaria records sharp decline in electricity and gas consumption in August 2025

According to data from the Bulgarian National Statistical Institute, electricity production in August 2025 decreased by 3.5 percent compared to July, reaching 3,154 GWh, while electricity consumption fell by 7.4 percent to 2,561 GWh. Natural gas consumption dropped by 2.5 percent on a monthly basis to 155 million cubic meters, with production remaining unchanged at

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Europe: TTF gas futures remain stable despite EU sanctions on Russian LNG, as Greece accelerates shift toward U.S. supplies

TTF gas futures experienced mild upward pressure following the European Union’s approval of a new sanctions package against Russia, which includes a ban on Russian LNG imports effective from 2027. While the announcement initially boosted market sentiment, the impact was limited by strong supply conditions and storage facilities near full capacity across Europe. As a

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Region: SEE power prices fall on mild weather and strong wind generation in Week 43

During Week 43 of 2025, electricity market prices in Southeast Europe (SEE) declined noticeably compared to Week 42, mainly due to mild weather conditions and increased power generation from wind farms. Despite the decrease, all SEE markets recorded weekly average prices above €108/MWh, except Türkiye. Croatia and Romania registered the steepest price drops, at -19.19%

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Slovenia: NPP Krško back online after scheduled maintenance completion

Slovenia’s only nuclear power plant, Krško, was reconnected to the national electricity grid on Tuesday, 28 October, following the completion of its scheduled maintenance program. Over the next several days, the plant will gradually increase power output in line with strict safety procedures, the operator announced. The month-long overhaul, which began on 28 September, included

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U.S. presses Serbia to resolve NIS sanctions issue through sale or nationalization of Russian stake

According to diplomatic sources quoted by Serbian media, the United States sees only two possible solutions to the issue surrounding Serbian oil company NIS, which remains under U.S. sanctions because of its Russian ownership. The first option would involve selling the Russian-held shares to a company with no ties to Russia, while the second would

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Serbia: Čibuk 2 wind farm begins trial operation, full commissioning planned for December

The Čibuk 2 wind farm, located in the municipality of Kovin in southern Banat, officially began trial operation on 21 October. So far, 35 MW of installed capacity has been connected to Serbia’s national electricity grid. The installation of all turbines is expected to be completed by mid-November, with the full 154 MW facility scheduled

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Romania: Romgaz raises €500 million through second bond issue to support Neptun Deep project

Romanian natural gas producer Romgaz has issued a new six-year bond worth 500 million euros with a fixed interest rate, marking its second successful venture into international capital markets. The bond issuance took place on 28 October and follows a similar 500 million euro five-year bond launched in October 2024. Both transactions are primarily intended

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Hungary: MOL resumes fuel production at Százhalombatta refinery following fire incident

Fuel production has resumed at MOL’s Százhalombatta refinery, operating at reduced capacity as the company gradually brings back online units unaffected by the recent fire. MOL confirmed that the restart process is on schedule and that Hungary’s domestic fuel supply remains stable and fully secured. The fire broke out on 20 October at the AV3

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Region: Slovnaft accuses Croatia’s JANAF of blocking non-Russian oil deliveries amid supply diversification efforts

Slovakia’s Slovnaft refinery, part of Hungary’s MOL Group, has accused Croatian state-owned pipeline operator JANAF of restricting deliveries of non-Russian crude oil, citing what it called technical limitations. The refinery claims that this move jeopardizes ongoing efforts to reduce reliance on Russian oil. JANAF, however, rejected the accusations, insisting that it has fully met all

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