The Bulgarian Parliament has approved a government-backed proposal to restrict the export of petroleum products to other European Union member states, citing the need to protect national energy security in response to new US sanctions targeting Russian oil companies. The decision follows Washington’s announcement of sanctions against Rosneft and Lukoil, which include freezing their US-based […]
Both of Republika Srpska’s thermal power plants — Gacko and Ugljevik — have experienced operational disruptions this week, highlighting growing challenges in the entity’s energy sector and prompting swift intervention from the government. At the Gacko Thermal Power Plant, a boiler pipe rupture caused a temporary production halt in the early hours of November 1.
The feasibility study for the planned gas interconnection between Serbia and North Macedonia has been completed, marking a key step forward in the project’s preparation phase. The new interconnector is expected to be constructed by 2027, with commissioning scheduled for 2028. Once operational, it will enable bidirectional gas flow between the two countries, providing access
According to Eurostat data for the first half of 2025, household gas prices across the European Union declined notably, while electricity prices remained virtually unchanged compared to the second half of 2024. The average household gas price dropped by 8.1 percent, from 12.44 to 11.43 euros per 100 kWh. Eurostat noted that this marks a
Across Serbia, a new wave of industrial development is underway — from large-scale energy facilities and transformer substations to metallurgy complexes, logistics hubs, process plants, and high-voltage infrastructure. These projects are capital-intensive, long-lifecycle assets that attract foreign investment, EPC contractors, and lender scrutiny. Yet their most significant risks today are not limited to engineering, cost
ESG risk mitigation in heavy-industry construction and commissioning in Serbia Read More »
Serbia’s renewable-energy sector stands on the threshold of major transformation. The country’s geography, resources, and strategic location in the Western Balkans provide vast potential for wind, solar, and hydro development. Yet that potential remains constrained by an enduring challenge — regulatory complexity. Turning ambitious energy goals into operational projects depends not only on laws and
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Electricity consumption in Slovenia continued to decline in September 2025, with consumers drawing 831.6 GWh from the transmission network — a 3.2 percent decrease compared to the same month last year. The downward trend in electricity demand, observed throughout most of the year except in February and March, has persisted into the autumn months. Distribution
Romanian natural gas producer Romgaz recorded a modest increase in total hydrocarbon production during the first nine months of 2025, reaching 23.96 million barrels of oil equivalent — up 0.61 percent year-on-year. Gross natural gas output remained almost unchanged, rising by just 0.11 percent to 23.63 million barrels of oil equivalent between January and September.
OMV Petrom reported a net profit of 680 million euros for the first three quarters of 2025, marking a 13 percent decrease compared to the same period last year. Despite lower crude oil prices and signs of weakening demand for fuels and natural gas, the company maintained solid performance supported by stronger refining margins and
Croatian oil pipeline operator JANAF recorded a net profit of 33.3 million euros in the first nine months of 2025, marking a 10.2 percent decrease compared to the same period last year. Total revenues reached 96.4 million euros, down 3.3 percent year-on-year, while income from core business activities — oil transport and storage of crude
