Europe: EU LNG imports reach record high amid supply shifts and rising demand

In the first six months of 2025, the European Union imported a record 75 billion cubic meters of liquefied natural gas, marking a 40 percent increase compared to the same period last year, or an additional 22 billion cubic meters. Greg Molnar from the International Energy Agency attributes this surge to a combination of factors. […]

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Europe: Gas prices remain stable in early July amid strong supply and market adjustments

In Week 27, European gas prices remained stable, supported by strong supply from Norway and LNG imports. Natural gas futures for delivery in August 2025 on the ICE market hovered around €33/MWh, near two-month lows. This stability was driven by abundant supply and reduced demand from the power sector following the end of the heatwave

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Region: Electricity prices surge and renewable generation shifts in SEE during Week 27 of 2025

In Week 27 of 2025, electricity market prices surged across all Southeast European (SEE) countries compared to the previous week, exceeding €100/MWh in most markets despite stable gas prices. The increase was driven by higher electricity demand due to a heatwave affecting Europe and a drop in wind energy production. Prices started the week around

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Brent oil, TTF gas and EU carbon prices show mixed movements in early July amid market pressures

In the first week of July, Brent oil futures for the Front Month on the ICE market started with price declines. On Tuesday, July 1, the futures hit their weekly low settlement price of $67.11 per barrel. Following a 3.0% increase the next day, prices peaked at $69.11 per barrel on July 2. However, prices

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Europe: Electricity prices rise in early July amid higher demand and lower wind production

In the first week of July, average electricity prices increased across the main European markets compared to the previous week. The smallest increases were recorded in the MIBEL market of Portugal and Spain, and in the IPEX market of Italy, with price rises of 4.4%, 4.5%, and 4.7%, respectively. In contrast, the largest increases occurred

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Electricity demand rises across Europe in early July amid heatwave, set to decline as temperatures fall

In the first week of July, electricity demand increased across the main European markets compared to the previous week. The highest rise was recorded in Spain, where demand grew by 6.6%. Other notable increases were seen in Portugal with 6.1%, Belgium with 3.9%, and Italy with 3.8%. Germany registered a more modest increase of 0.8%.

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Solar and wind energy trends in Europe: Record solar output and shifting wind generation in early July

In the first week of July, solar photovoltaic energy production increased in the German, Portuguese, and French markets compared to the previous week. The growth rates were 15% in Germany, 13% in Portugal, and 1.8% in France. On the other hand, Italy and Spain experienced a decline in weekly solar photovoltaic production, with decreases of

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Romania: NEPI Rockcastle aims for 48% renewable electricity by 2026 with new 54 MW solar power plant

NEPI Rockcastle has unveiled ambitious plans to source 48% of the electricity consumed by its Romanian shopping centers from its own renewable energy installations by the end of 2026. At the heart of this initiative is a new 54.1 MW greenfield solar power plant located in Arad County, part of a larger €110 million investment

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Montenegro to offer state-backed premiums for 250 MW solar capacity in upcoming renewable energy auction

Montenegro plans to offer state-supported market premiums for 250 MW of solar power in its upcoming renewable energy auction. The government has established the necessary regulations to invite bids for solar projects with a minimum capacity of 400 kW. Successful bidders will be those who propose the lowest strike price, which is capped at 65

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