A new high-efficiency cogeneration plant is under development on the site of the former CET Palas facility in Constanța, replacing infrastructure dating back to the 1970s. Valued at 120 million euros and largely financed through the National Recovery and Resilience Plan (PNRR), the plant will deliver 160 MW of capacity, producing both electricity and heat […]
The Romanian Ministry of Energy has finalized a five-point plan aimed at lowering electricity prices, with measures expected to take effect next week. Energy Minister Bogdan Ivan stated that the initiative, developed in consultation with producers, distributors, suppliers, and regulators, is expected to reduce household and business energy costs by an average of 20 to
Romania: Ministry of Energy unveils five-point plan to cut electricity prices by 20–25% Read More »
Data from the National Institute for Statistics (INS) show that Romania’s net coal production in the first half of 2025 reached 902,400 tons of oil equivalent, down by 2.9 percent (27,400 tons of oil equivalent) compared to the same period in 2014. During January–June, coal imports totaled 38,900 tons of oil equivalent, a drop of
MOL Chairman and CEO Zsolt Hernadi has cautioned that a full halt to crude oil deliveries via the Druzhba pipeline could pose serious risks to Hungary’s energy security, potentially pushing fuel prices at domestic stations up by around 10 percent. In an interview, Hernadi explained that while higher prices would be a concern, the bigger
Hungary: MOL Chief warns of energy security risks if Druzhba oil deliveries halted Read More »
State-owned power utility EPBiH has opened a tender for the preparation of the main design for the Janjići hydropower plant on the Bosna River. The estimated contract value is around 800,000 euros, with the lowest bid set as the main selection criterion. Bids must be submitted by 16 October. The project has faced ongoing legal
Gazprom’s natural gas deliveries to Europe through the TurkStream pipeline fell slightly in August, down 2 percent compared to July, according to estimates based on ENTSOG data. Average daily flows dropped to 50.4 million cubic meters from 51.5 million cubic meters in the previous month. Despite the month-to-month decline, volumes were still higher than the
Serbia’s Minister of Mining and Energy, Dubravka Djedovic, met with Russian Deputy Energy Minister Pavel Sorokin and Hungary’s State Secretary for Foreign Affairs and Trade, Peter Sztaray, to discuss the implementation of the planned Serbia-Hungary oil pipeline. She stated that the project holds major strategic importance for Serbia’s energy security. During the meeting, the participants
Region: Serbia, Hungary and Russia advance plans for strategic oil pipeline project Read More »
During the fourth week of August, Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $68.80/bbl on Monday, August 25. Prices then fell 2.3% on Tuesday, August 26, hitting a weekly low of $67.22/bbl. From August 27 onward, Brent prices rose again, staying above $68/bbl for
During the fourth week of August, electricity prices in major European markets showed mixed trends compared to the previous week. The Nord Pool market in the Nordic countries recorded the largest weekly average increase at 58%. Italy’s IPEX market and the EPEX SPOT markets of the Netherlands and Germany also saw price rises of 3.6%,
During the last week of August, electricity demand rose in most major European markets compared to the previous week. Italy saw the largest increase at 6.3%, followed by France at 3.2% and Germany at 2.1%. Spain recorded the smallest growth at 0.7%, while Portugal and Belgium experienced increases of 0.9% and 1.5%, respectively. Italy marked
European electricity demand trends: August growth in most markets, UK declines Read More »
