OMV Petrom has completed the acquisition of a 50% stake in the Gabare solar project, developed by Enery in Bulgaria. The transaction, initially announced in June 2025, marks a significant milestone in the company’s regional expansion strategy and strengthens its renewable energy portfolio. The solar plant, located in the Gabare area of Byala Slatina, will […]
Electricity prices for businesses in Bulgaria decreased in the first half of 2025 compared to the second half of 2024, according to data from the National Statistical Institute. The only exception was the smallest corporate users consuming less than 20 MWh per year, who experienced a 6.9% increase. The largest reduction was recorded among major
The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 1% increase in the wholesale natural gas price for October 2025. The wholesale price has risen to approximately 31.2 euros per megawatt-hour, excluding VAT and excise duty. Previously, KEVR approved a 2.5% decrease in the wholesale natural gas price for September. The newly
Bulgaria approves 1% increase in October wholesale natural gas price Read More »
In the fourth week of September, Brent oil futures for the Front-Month on the ICE market saw their weekly minimum settlement price of $66.57 per barrel on Monday, September 22. Prices rose throughout the week, reaching a weekly maximum settlement of $70.13 per barrel on Friday, September 26. This represented a 5.2% increase compared to
Europe: Brent oil, TTF gas and CO₂ futures show mixed trends in late September Read More »
In the fourth week of September, average electricity prices increased in most major European markets compared to the previous week. Exceptions included Italy’s IPEX market, which fell slightly by 0.9%, and the MIBEL market of Spain and Portugal, which dropped 18%. France’s EPEX SPOT market saw the smallest increase at 34%, while the Nord Pool
In the week of September 22, electricity demand rose in most major European markets compared to the previous week. The United Kingdom and France saw the largest increases, at 5.6% and 5.3% respectively, continuing the upward trend observed the prior week. Belgium recorded the smallest increase, 2.2%, reversing the downward trend from the previous two
During the week of September 22, solar photovoltaic (PV) energy production declined across major European electricity markets, reversing the growth observed the previous week. Germany experienced the largest drop at 34%, followed by Italy and France with decreases of 27% and 26%, respectively. In the Iberian Peninsula, the declines were more moderate, with Spain’s PV
Europe: Solar and wind energy trends show mixed performance in late September 2025 Read More »
Serbian oil company NIS has confirmed that it submitted a new request to the U.S. Treasury Department for a special license to delay the full implementation of sanctions, allowing the company to continue operations. In addition, NIS filed a separate application to be removed from the Specially Designated Nationals (SDN) list, a process described as
Serbia: NIS requests U.S. license to delay sanctions and removal from SDN list Read More »
Montenegro’s state-owned power company EPCG has reported that the environmental reconstruction of the Pljevlja coal-fired thermal power plant has faced certain deficiencies and irregularities, which could potentially delay the project. EPCG noted that the project is highly complex in both scale and technical requirements and has been ongoing for several years. Over the past six
The European Commission (EC) is closely monitoring the ongoing capacity tests on the Croatian JANAF oil pipeline but has refrained from commenting on the dispute between Croatia and Hungary, according to spokesperson Anna-Kaisa Itkonen. She stated that the tests are still underway and that the Commission remains in contact with the member states, but will
Region: EU monitors JANAF pipeline amid Croatia-Hungary dispute over oil supplies Read More »
