Serbia: Fuel supply highly dependent on Pančevo refinery amid sanctions on NIS

According to the latest IMF country report, Serbia’s fuel supply remains heavily reliant on the Pančevo oil refinery, which meets roughly four-fifths of domestic demand. The report notes that replacing NIS’s distribution network with imported fuels would face significant logistical challenges, particularly the lack of oil pipelines connecting Serbia to refineries in neighboring countries. The […]

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Serbia pursues NIS ownership talks to lift US sanctions and ensure fuel stability

Serbian energy authorities have confirmed that ongoing discussions are underway regarding a potential change in ownership at oil company NIS, as efforts continue to resolve US-imposed sanctions on the company. According to the Ministry of Energy, the talks involve Russian majority shareholders and Hungary’s MOL, which is being considered as a potential buyer of the

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Serbia: EPS sets new annual coal production record at Drmno mine, Tamnava also hits full-year target

Serbian state-owned power utility EPS has announced a record-breaking milestone in coal production at the Drmno open-pit mine near Kostolac. Since the beginning of the year, cumulative output at the site reached 10 million tons, marking the highest annual production in the mine’s history. The previous record stood at just under 9.908 million tons. Strong

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North Macedonia sees 45% rise in electricity production in October 2025 amid strong domestic supply

In October 2025, total electricity consumption in North Macedonia reached 552,055 MWh, while natural gas consumption totaled 32.7 million cubic meters, coal consumption amounted to 340,268 tons, and petroleum product use stood at 101,913 tons. According to the State Statistical Office, 92.6% of electricity consumption was met by domestic production, and 99.9% of coal consumption

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Bulgaria: Končar wins €4.9 million contract to modernize Teshel and Devin hydropower plants

Croatian engineering group Končar has further expanded its presence in southeastern Europe after being selected to carry out a major modernization of two hydropower plants in Bulgaria. The project was awarded following a public procurement procedure organized by the state-owned power utility NEK and covers a comprehensive overhaul of the Teshel and Devin plants, which

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Bosnia and Herzegovina: Initial environmental assessment launched for 138 MW Slovinj wind farm in Glamoč

The Federal Ministry of Environment and Tourism has officially launched the initial assessment procedure for a major wind energy project planned in the municipality of Glamoč. The request was submitted by local developer Vjetroelektrane, which is seeking approval to prepare a preliminary environmental impact assessment (EIA) study for the Slovinj wind farm. The project envisages

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Bosnia and Herzegovina: EPBiH launches €32 million denitrification project at TPP Kakanj to meet EU emission standards

Earlier this month, Bosnia and Herzegovina’s state-owned utility EPBiH launched a procurement procedure for the construction of a flue gas denitrification facility at the Kakanj thermal power plant, representing a significant step toward aligning the country’s coal-based electricity generation with European environmental standards. The value of the investment is estimated at around €32 million. The

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Bosnia and Herzegovina sees surge in thermal and renewable power generation in October 2025 despite lower hydropower output

According to the Agency for Statistics of Bosnia and Herzegovina, gross electricity production in the country reached 1,232 GWh in October 2025, compared to 1,142 GWh in the same month last year. Hydropower plants accounted for 24.2% of total output, while thermal power plants dominated with 66.5%, and solar and wind power plants contributed 9.3%.

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Beyond barrels: How infrastructure, refining power and geopolitics decide oil reality in South-East Europe

Oil in South-East Europe is not simply about consumption, demand curves, or refinery margins. It is about who controls access points, who commands refining capability, who manages pipelines and terminals, and who operates under which geopolitical influence. Unlike electricity, which is tied to internal generation and balancing, and unlike gas, which is dominated by dependency

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Who actually shapes liquidity, cross-border flows and price discovery in SEE’s gas markets

Gas in South-East Europe is not just a commodity. It is infrastructure, geopolitics, finance, and strategic vulnerability wrapped together. Unlike electricity, which is inherently domestic to its grids even when cross-border trade is high, gas is structurally external in SEE. These markets depend on who can bring molecules into the region, who controls the pipelines,

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