Bulgaria confirms fuel supply security amid US sanctions on Lukoil, ensures refinery stability and job protection

Energy Minister Zhecho Stankov has confirmed that Bulgaria’s fuel supply remains fully secure despite the recent US sanctions imposed on Lukoil and its subsidiaries. He noted that the country’s key oil infrastructure—comprising the refinery, pipelines, and the Rosenets port—has been designated as strategic national and energy security assets under a government decree dating back to […]

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Bosnia and Herzegovina: FBiH strengthens energy security with €4.5 million contract and reactivation of Blazuj fuel terminal

State-owned company Operator-Terminali Federacije has signed a contract worth 4.5 million euros with Hifa Oil for the delivery of 4 million liters of oil and petroleum products. The purchased fuel will constitute an important part of the strategic reserves of the Federation of Bosnia and Herzegovina (FBiH). The agreement enhances the Federation’s energy security and

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Slovenia: Electricity generation drops 28% in September, while solar output and energy imports rise

According to data from the Statistical Office of the Republic of Slovenia, the country’s net electricity generation in September 2025 fell by 28% compared to the same month in 2024. Total net electricity production reached 932 GWh, representing a 10% decrease from August. Electricity generation from thermal power plants dropped sharply by 73% year-on-year, while

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Serbia: US sanctions block crude shipment to NIS, threatening operations at Pancevo Refinery

US sanctions imposed on Serbia’s oil company NIS, due to its Russian ownership, have blocked a crude oil shipment that was expected to provide temporary relief for the country’s only refinery in Pančevo. Without new supplies, the facility may be forced to halt operations within days. President Aleksandar Vučić previously warned that the refinery—which produces

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Serbia: President says resolution of NIS sanctions issue key to Serbia’s economic stability and IMF agreement

Serbian President Aleksandar Vučić announced that he expects to receive concrete information by the end of this week or early next week regarding the situation of the oil company NIS, which has come under US sanctions due to its Russian ownership structure. Vučić said that Serbia is currently holding talks with Russian, American, and European

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Romania: Lukoil poised to exit as US sanctions force sale of Petrotel refinery and fuel network

Russian oil company Lukoil is expected to sell its Romanian refinery, Petrotel, before the November deadline set under the latest US sanctions targeting Russian energy firms. Romania’s State Secretary for Energy, Cristian Busoi, confirmed that the government anticipates Lukoil’s complete withdrawal from the local market. The Petrotel refinery, located in Ploiești, has a processing capacity

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Montenegro extends tender deadline for strategic fuel storage as it seeks to meet EU energy security standards

Montenegro has extended the deadline for its ongoing tender to lease fuel storage capacity for strategic petroleum reserves, moving the closing date from 27 October to 4 November. All other terms and conditions of the tender remain unchanged. According to the tender specifications, the Government is seeking to lease facilities with a capacity to store

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Croatia: Upgraded Krk LNG terminal enters final testing phase, doubling gas capacity and strengthening regional supply role

The upgraded LNG terminal in Omišalj, located on the Croatian island of Krk, has entered its final testing phase and is expected to begin full commercial operations in the coming days. This follows several weeks of complex preparatory and commissioning work aimed at ensuring the facility’s readiness. Ivan Fugas, Director of LNG Hrvatska, confirmed that

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Croatia: CROPEX and INA partner to launch auctions for solar guarantees of origin

The Croatian electricity exchange CROPEX has signed an agreement with oil company INA to organize auctions for the sale of guarantees of origin (GOs) owned by INA. Under the partnership, the GOs will be sold through auctions conducted by CROPEX using its dedicated IT trading platform. INA will initially offer guarantees of origin generated from

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Bosnia and Herzegovina: EU’s new sanctions on Russian LNG underscore need to accelerate gas diversification plans

The European Union’s recent policy moves are expected to have an indirect but notable impact on Bosnia and Herzegovina (BiH), which, as an EU candidate country, is obliged to gradually align its foreign and energy policies with those of the bloc. Last week, EU member states formally adopted the 19th package of sanctions against Russia

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