Chinese wind-turbine manufacturer Dongfang Wind Power has signed a contract to deliver 48 wind turbines for a 300 MW wind power project in Serbia, with a total investment value of €495 million. The project is set to become the largest wind farm in Serbia and across Eastern Europe, positioning the country among the region’s leading renewable-energy markets. The wind farm, […]
During the second week of January, Brent front-month futures remained above $60/bbl for almost the entire period, except on January 7, when they fell to their weekly minimum of $59.96/bbl. Prices strengthened toward the end of the week, and on Friday, January 9, they reached a weekly maximum of $63.34/bbl, which was 4.3% higher than
Europe: Geopolitical tensions lift brent above $60 while CO₂ prices hit new highs Read More »
During the second week of 2026, electricity prices rose in most major European markets, particularly during the first four days of the week. As a result, weekly average prices increased across almost all markets, with the notable exception of the Iberian MIBEL market of Spain and Portugal, which recorded a decline of 11%. The Nordic
Europe: Power prices climb in early 2026 as CO₂ costs rise and renewables weaken Read More »
During the first week of January, electricity demand increased across the main European markets compared to the previous week. Italy recorded the strongest growth, with demand rising by 19%. In Spain, Germany, Belgium, Great Britain and Portugal, increases ranged between 11% and 17%, with Portugal at the upper end of this range. Most of these
Europe: Cold snap pushes electricity demand higher at the start of January Read More »
During the week of January 5, solar photovoltaic production increased strongly in the Iberian Peninsula, while most central European markets recorded declines. Spain showed the largest growth, with production rising by 39%, whereas Portugal followed with a more moderate increase of 16%. In contrast, Italy, Germany and France all experienced downturns in output. After two
Serbia has launched a public tender for the construction of a new crude oil pipeline linking the Hungarian border with Novi Sad, a project aimed at strengthening supply security by adding a second import route. The procurement, announced by Transnafta, covers construction works and expert supervision. The pipeline would be 113 kilometers long, running from
Serbia launches new crude oil pipeline to Novi Sad to strengthen supply security Read More »
Serbia is looking to increase its ownership in oil company NIS to gain greater influence over strategic decisions as the company navigates US sanctions linked to its Russian shareholders. President Aleksandar Vučić stated that the state aims to acquire an additional 5% stake, which would provide deeper insight into financial flows and operational management. According
Serbia moves to boost NIS stake amid US sanctions on Russian owners Read More »
Serbian oil company NIS has secured crude oil imports through the JANAF system to supply its Pancevo refinery, paving the way for a restart of production after weeks of downtime. The company announced that the first deliveries are expected to arrive during the coming week. According to NIS, initial shipments will be followed by additional
Serbia: NIS secures crude oil imports via JANAF, set to restart Pancevo refinery Read More »
The development of biogas electricity generation in Vojvodina is gaining further momentum, as newly issued permits indicate additional capacity coming online this year. In the municipality of Plandiste, local authorities have approved the initial construction stages of a biogas power plant with an installed capacity of 1 MW, highlighting the area’s growing importance in renewable
Serbia: Vojvodina expands biogas capacity with new 1 MW plant in Plandiste Read More »
Greece is moving to accelerate long-stalled offshore hydrocarbon exploration, with both government and industry players signaling tighter schedules for the next key steps. The Ministry of Environment and Energy is working to complete parliamentary approval of four offshore concession agreements involving Chevron within January, a move that would unlock the next phase of activity in
