During the third week of July, Brent oil futures for the Front Month on the ICE market declined in most sessions. The exception was Thursday, July 17, when the settlement price increased by 1.5% from the previous day, reaching the week’s highest price of $69.52 per barrel. The lowest settlement price of the week was […]
Europe: Brent oil and CO₂ futures dip while TTF gas prices stay stable Read More »
During the third week of July, average electricity prices rose in most major European markets compared to the previous week. The Nordic countries’ Nord Pool market and Belgium’s EPEX SPOT market were exceptions, with weekly averages falling by 1.3% and 2.5%, respectively. France’s EPEX SPOT market experienced the largest increase, with prices surging 22%, mainly
During the week of July 14, electricity demand increased in most major European markets. The growth ranged from a modest 0.1% in France to a significant 7.0% in Italy. In France, the rise was relatively moderate due to the French National Day holiday on Monday, July 14. Meanwhile, Portugal, Belgium, and Germany experienced week-over-week declines
Europe: Electricity demand rises in July 14 week with mixed forecasts for following week Read More »
During the week of July 14, solar photovoltaic energy production rose compared to the previous week in several key European electricity markets. The increase ranged from 5.3% in Germany to 10% in Portugal. Spain continued its upward trend for the second consecutive week, with a 7.0% increase. Additionally, Spain set a historic record on July
The Ministry of Construction, Transport and Infrastructure has once again denied the usage permit for the wet electrostatic filter at the new unit B3 of TPP Kostolac, marking the fourth unsuccessful attempt by EPS to secure approval. Despite a legal requirement under the Planning and Construction Act that prohibits putting a facility into operation without
Romanian electricity producer Hidroelectrica has signed a 7.8 million euro contract with Waldevar Energy for the installation of a floating solar power plant at the Nufarul reservoir in Olt County. The project follows a 14-month timeline, starting with a four-month design phase and followed by ten months of construction. The pilot plant will use high-efficiency
According to data from the National Institute of Statistics (INS), Romania’s natural gas distribution network totaled 50,972.4 kilometers by the end of 2024. Of this, 26,558 kilometers were located in municipalities and urban centers. Over the course of the year, natural gas was delivered to 1,023 localities, including 255 officially designated cities and towns. The
Pljevlja Coalmine, a fully owned subsidiary of Montenegro’s state power utility EPCG, is making a major move into renewable energy with plans to develop a large-scale solar power plant in the northern Pljevlja district. This marks a significant shift from the company’s traditional focus on coal mining. The project will be built on approximately 626,245
Montenegro: Pljevlja Coalmine to launch 81 MW solar project in major green transition Read More »
Croatian oil company INA has commenced production at its Jamarice-183 well, located in the Jamarice exploitation field around 100 kilometers southeast of Zagreb. Since mid-July, the well has been producing approximately 33,500 cubic meters of natural gas per day, representing a notable boost to INA’s upstream operations. Drilled in 2022 to a depth of 2,079
Croatian electric equipment manufacturer Koncar has signed a contract worth 15.3 million euros with Solarna Elektrana, the Croatian subsidiary of Spanish company Acciona Energia, for the construction of a fully operational 400 kV substation as part of the Promina solar project. The contract is based on a turnkey model, encompassing all phases of the project—from
