Serbia: NIS seeks another OFAC license extension amid US sanctions risks

Serbian oil company NIS has formally requested another extension of its operating authorization from the US Treasury’s Office of Foreign Assets Control (OFAC), as the current one-month waiver is set to expire on 27 August. The company has already received five consecutive renewals, each allowing it to continue daily operations while US authorities assess the […]

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Romania: EDF signs €175 million contract to modernize turbogenerator at NPP Cernavoda Unit 1

French energy company EDF has signed a contract worth 175 million euros to modernize the turbogenerator at Unit 1 of Romania’s Cernavoda nuclear power plant. The deal involves collaboration between the plant’s operator, Nuclearelectrica, and two EDF subsidiaries – Arabelle Service France and Arabelle Solutions Romania. Cernavoda is Romania’s only nuclear power plant, supplying around

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Bulgaria: Bulgargaz proposes slight reduction in wholesale gas price for August 2025

Bulgarian state-owned gas supplier Bulgargaz has proposed a lower wholesale natural gas price for August 2025. The suggested price is around 31.2 euros/MWh, which is 1.77% lower than the approved August price of about 31.7 euros/MWh. That price already represented a 3.8% decrease compared to July. The final price for natural gas in September will

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Bosnia and Herzegovina: RS Government offers 124 million euros to buy back Comsar Energy and Ugljevik concessions

The Government of the Republic of Srpska (RS) plans to offer 124 million euros to purchase Rashid Serdarov’s company, Comsar Energy RS. Energy and Mining Minister Petar Djokic said the cabinet had reviewed information from state energy firm Gas Res and authorized it to continue negotiations with the Russian company. An internationally certified auditor valued

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Region: Slovenia reduces interest claim against RiTE Ugljevik, paving way for settlement

Minister of Energy and Mining of the Republic of Srpska (RS) Petar Djokic announced that Slovenia has reduced its interest claim against the coalmine and thermal power plant (RiTE) Ugljevik from 67 million euros to 37 million euros. He stated that negotiations are now centered on the number of installments and the repayment schedule, with

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Region: Serbia nears long-term gas deal with Russia, advances oil pipeline project with Hungary

Serbia is nearing the completion of a new long-term natural gas supply agreement with Russian company Gazprom, with only a few details remaining to be finalized. Energy Minister Dubravka Djedovic highlighted that Russian gas played a crucial role in ensuring uninterrupted deliveries to households and industry during the peak of the energy crisis. She emphasized

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Croatia: Household solar program pauses as 4,100 projects enter evaluation

The Environmental Protection and Energy Efficiency Fund will temporarily pause its public call for household solar installations starting 1 September. The call, which opened on 6 June 2025, has received around 4,100 project submissions and is now undergoing evaluation. The program supports households in adopting renewable energy, reducing greenhouse gas emissions, and increasing energy self-sufficiency.

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Bulgaria: TPP Bobov Dol explores gas and advanced battery solutions for cleaner energy transition

US energy experts have met with the management of TPP Bobov Dol to discuss options for accelerating the plant’s environmental transition. Deputy CEO Ivelin Dimitrov hosted the talks with representatives from the energy solutions company Emtel. Discussions focused on gas-fired cogeneration as a quick pathway away from coal, with proposals for units that could replace

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