Representatives of Turkish energy company BGN met with Bulgarian officials to discuss opportunities for expanding energy cooperation and strengthening Bulgaria’s position as a key gas transit hub in the region. During the talks, Bulgaria emphasized its goal of fully utilizing its gas transport infrastructure to serve both the European Union and the wider Balkan market. […]
The Council of Ministers has approved revised conditions for a state-guaranteed loan supporting the construction of the Bulgaria–Serbia gas interconnection. The financing agreement, valued at nearly 50 million euros, was originally signed on January 25, 2023, between gas transmission operator Bulgartransgaz and ING Group. Due to improved market conditions, Bulgaria’s anticipated entry into the Eurozone,
Region: Bulgaria lowers loan interest for gas interconnection project with Serbia Read More »
In September 2025, a total of 2,410,532.9 MWh of electricity was traded on the day-ahead market of the Independent Bulgarian Energy Exchange (IBEX), marking a 3.9% decrease compared to August. The average daily traded volume reached 80,351.1 MWh. However, compared to the same month in 2024, the traded volume was 1.7% higher. The average baseload
The Government of the Republic of Srpska has terminated its contract with Chinese Zhongbo Group and China Power PTE from Singapore, who were previously selected to develop the Trebinje wind farm. The concession for the construction and operation of the project was valued at more than 750 million euros. In their place, the Government has
TTF gas prices rose slightly in Week 39 of 2025 but remained within a narrow range. The gradual completion of maintenance works in Norway helped increase gas supply, while strikes in France disrupted LNG deliveries and limited imports. TTF gas futures on the ICE market for November 2025 delivery showed a modest increase during the
During Week 39 of 2025, electricity market prices recovered significantly compared to Week 38 across Southeast European countries. All markets reported weekly average prices above €90/MWh, with Italy and Hungary exceeding €100/MWh. The increase was driven by rising weekly gas and CO2 emission allowance prices, even though electricity demand declined in most markets, along with
Europe: Electricity prices in Southeast and Central Europe surge in Week 39 of 2025 Read More »
As US sanctions targeting Serbian Russian-owned oil company NIS approach their 8 October enforcement date, Russian negotiators have put forward several proposals aimed at avoiding restrictions, according to Serbian media reports. One proposal reportedly involves transferring the 11.3 percent stake in NIS, recently moved by Gazprom to its subsidiary Intelligence, to an American company. This
In September 2025, a total of 457,625 MWh of electricity was traded on the day-ahead market of the Serbian energy exchange SEEPEX, marking a 4.3 percent decrease compared to August, with an average of 15,254.2 MWh per day. Trading volumes were also 9.9 percent lower than in the same month of the previous year. The
E.ON Energie Romania has reached a major milestone with the completion and delivery of its 400th turnkey solar power plant for partner companies, achieved in September. The total value of these projects exceeds 75 million euros. The solar facilities, installed across multiple partner locations, cover more than 374,000 square meters and include approximately 187,000 panels.
Hungary has concluded its longest-ever liquefied natural gas (LNG) supply agreement with French company Engie, securing long-term energy stability through a 10-year contract running from 2028 to 2038. Under the deal, Hungary will import 400 million cubic meters of LNG annually, amounting to a total of 4 billion cubic meters over the contract period. Deliveries
Hungary secures 10-year LNG supply deal with Engie to bolster energy security Read More »
