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 »
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 »
State-owned power utility EPS has started testing the switchgear at the Kostolac wind farm, the company’s first wind energy project with an installed capacity of 66 MW. The tests are being carried out by teams from the transmission system operator EMS and mark a crucial step before the facility can be connected to Serbia’s national
Serbia: EPS begins testing Kostolac wind farm Read More »
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 »
Montenegro’s state-owned power utility EPCG posted a loss of 24.5 million euros in the first six months of 2025, a sharp increase compared to the 3.4 million euros loss recorded in the same period last year. The company’s financial report shows total revenues of 208 million euros, while expenses rose to 234.7 million euros, driven
