Hungary: MOL Chief warns of energy security risks if Druzhba oil deliveries halted

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 »

Bosnia and Herzegovina: EPBiH launches tender for Janjići hydropower plant design amid ongoing legal disputes

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

Bosnia and Herzegovina: EPBiH launches tender for Janjići hydropower plant design amid ongoing legal disputes Read More »

Gazprom gas flows to Europe via TurkStream dip slightly in August but remain above 2024 levels

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

Gazprom gas flows to Europe via TurkStream dip slightly in August but remain above 2024 levels Read More »

Region: Serbia, Hungary and Russia advance plans for strategic oil pipeline project

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 »

Energy markets weekly: Brent, TTF gas and CO2 prices show moderate fluctuations in late August

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

Energy markets weekly: Brent, TTF gas and CO2 prices show moderate fluctuations in late August Read More »

Europe: Electricity prices show mixed trends in late August, forecasts point to September declines

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%,

Europe: Electricity prices show mixed trends in late August, forecasts point to September declines Read More »

European electricity demand trends: August growth in most markets, UK declines

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 »

European solar and wind energy trends: August declines in solar, mixed wind performance

During the week of August 25, solar photovoltaic (PV) energy production declined across major European electricity markets compared to the previous week. The French and German markets saw the largest decreases, dropping 16% and 10% respectively, marking their second consecutive week of declining solar output. In contrast, the Italian and Spanish markets experienced smaller reductions

European solar and wind energy trends: August declines in solar, mixed wind performance Read More »

Serbia: Banatski Dvor gas storage facility nears completion of initial expansion phase

Construction work on the first four boreholes at Serbia’s only underground gas storage facility in Banatski Dvor is nearing completion. Three boreholes have already been finished, while the fourth is expected to be completed in October, allowing the first gas injection to begin. In addition to the boreholes, above-ground systems for gas preparation, including well

Serbia: Banatski Dvor gas storage facility nears completion of initial expansion phase Read More »

Scroll to Top