The Memorandum of Understanding for the development of the Djerdap 3 pump-storage hydropower plant is nearing completion and is expected to be signed once harmonization is finalized, according to Serbian Minister of Mining and Energy Dubravka Djedovic. This announcement followed her meeting with Romanian Energy Minister Ivan Bogdan, during which they discussed expanding joint energy […]
NIS has initiated a tender for the construction of a system to evaluate the feasibility of an enhanced oil recovery (EOR) method at the Velebit exploitation field in the municipality of Kanjiža. Velebit, Serbia’s largest oil deposit, was discovered in 1968, with production starting in 1985. The pilot project aims to increase output by injecting
Serbia: NIS launches tender for enhanced oil recovery pilot project at Velebit field Read More »
The number of prosumers in Serbia has reached 5,071, collectively contributing 106 megawatts (MW) of installed capacity, according to the latest register maintained by the Electricity Distribution System (EDS). This growth reflects increasing participation from households, businesses, and local authorities in renewable energy production. Households form the largest group by number, with 3,667 prosumer homes
Dušan Bajatović, general director of the state-owned gas company Srbijagas and a member of the government team addressing US sanctions related to Serbian oil company NIS, stated that the recent postponement of full US sanctions implementation has allowed NIS to continue operating without disruption. Bajatović emphasized that a lasting resolution will require an agreement acceptable
Romanian energy group OMV Petrom recorded a 7 percent year-on-year drop in sales revenues during the second quarter of 2025, contributing to a 1 percent decline in total revenues for the first half of the year, which reached 3.4 billion euros. Net profit fell more sharply, decreasing by 17 percent in Q2 and 21 percent
Romania’s state-owned natural gas producer Romgaz reported a 12.55 percent increase in sales of domestically produced natural gas in the first half of 2025, delivering a total of 2.52 billion cubic meters. Total hydrocarbon production edged up slightly, rising 0.4 percent year-on-year to 16.19 million barrels of oil equivalent. Within this total, crude natural gas
Romania: Romgaz boosts domestic gas sales and storage injections in first half of 2025 Read More »
EPCG Solar Construction reported a notable increase in solar capacity additions during June and July 2025, installing a total of 6.7 megawatts (MW) of new capacity. This marks a significant rise compared to the 5.2 MW added during the same period last year. The company attributes the growth to rising demand from corporate, institutional, and
In July 2025, a total of 1,295,659.5 megawatt-hours (MWh) of electricity was traded on the Croatian energy exchange CROPEX, marking a 7.6 percent increase compared to June. Of the total volume, 1,006,999.9 MWh was traded on the day-ahead market, while 288,659.6 MWh was traded on the intraday market. Compared to July 2024, overall trading volume
The Bulgarian state-owned National Electric Company (NEK) has been officially registered as an active participant in the guarantees of origin market segment operated by the Independent Bulgarian Energy Exchange (IBEX). NEK is a leading force in Bulgaria’s guarantees of origin sector and plays a key role in the production of electricity from renewable sources. In
Bulgaria: NEK joins IBEX platform to boost guarantees of origin market Read More »
President of the Bosnia and Herzegovina CIGRE Committee, Zijad Bajramović, has described the recent adoption of the law on the regulator, transmission, and electricity market as a crucial milestone in the country’s alignment with the European Union’s integrated energy market. The new legislation marks progress in fulfilling Bosnia and Herzegovina’s international obligations, establishing a framework
