For years, Naftna industrija Srbije (NIS) occupied a unique position in Serbia’s economy. It was not merely the country’s dominant oil and gas company; it was a symbol of operational continuity, consistent profitability and strategic relevance. Its earnings supported the state budget, underpinned public finances and served as a buffer in times of economic uncertainty. […]
Serbia’s long-term energy vision is increasingly shaped by the pressures of decarbonization, European integration, regional competition and the emerging economics of renewable power. Yet the country is confronting a reality that many policymakers hesitate to state openly: a rapid phase-out of coal is not realistically achievable under current system conditions. This sentiment, echoed by energy experts
Serbia closed the previous year with one of the most striking statistics in its recent energy history: 48 percent of all electricity generated came from renewable sources, according to government data. At first glance, the figure appears to position Serbia among Europe’s more advanced energy-transition performers, surpassing several EU members in renewable penetration. With hydropower providing
Serbia is heading into what could be one of its most challenging hydrological years in decades. Elektroprivreda Srbije (EPS), the country’s state-owned energy giant, forecasts that hydropower output in 2025 may fall by as much as 25 percent compared with the previous year. The projected annual production of around 8,000 GWh is not merely a
In the first week of December, Brent oil Front Month futures on the ICE market reached their weekly minimum settlement price of $62.45/bbl on Tuesday, December 2, the lowest level since October 22. Prices then recovered, with the weekly maximum hitting $63.75/bbl on Friday, December 5, 0.9% higher than the previous Friday. After a 2.0%
In the first week of December, average electricity prices fell in most major European markets compared to the previous week. The exception was the Nord Pool market of the Nordic countries, which saw a 20% increase. The Italian IPEX market registered the smallest decline at 0.4%, while France’s EPEX SPOT market experienced the largest drop,
In the first week of December, electricity demand increased in most major European markets. The Belgian market saw the largest rise at 6.2%, followed by a 0.9% increase in Great Britain. Both markets reversed the downward trend observed the previous week. In Germany, Italy, Portugal, and Spain, demand rose between 0.2% in Germany and 0.6%
In the week of December 1, solar photovoltaic (PV) energy production in the German market increased by 8.7% compared to the previous week. In contrast, the markets of Italy, France, and the Iberian Peninsula recorded declines for the second consecutive week. The Portuguese market experienced the largest drop at 33%, followed by a 27% decrease
Abu Dhabi National Oil Company (ADNOC) has reportedly emerged as the leading contender to acquire the 56.15 % stake held by Russian companies in Serbian oil company NIS, which is currently under US sanctions. Although ADNOC is viewed as the frontrunner to take over Serbia’s only refinery, NIS continues discussions with other potential buyers, including
Serbia: ADNOC emerges as leading bidder for sanctioned Russian stake in NIS Read More »
OMV Petrom has launched the environmental approval process for a new offshore exploration well in the Neptun Deep block, aiming to determine whether additional gas deposits exist beyond the roughly 100 billion cubic meters already confirmed through earlier drilling at Pelican Sud and Domino. Together with state-owned Romgaz, OMV Petrom holds the concession for the
Romania: OMV Petrom advances Neptun Deep exploration with new Anaconda-1 offshore well Read More »
