Europe: TTF gas prices rise in Week 03 amid supply concerns and weather risks

During Week 03 (12–18 January 2026), TTF gas prices on the ICE market followed a clear upward trajectory, reflecting increasingly tight market conditions. February 2026 futures opened on Monday, 12 January, at €30.25/MWh, the week’s lowest settlement price, before rising steadily to €31.47/MWh on 13 January (+4.1%) and €31.81/MWh on 14 January (+1.1%). Momentum accelerated […]

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Region: Electricity prices in SEE surge in Week 03 amid rising demand and weak wind generation

Electricity prices across the Southeast Europe (SEE) region recorded a sharp increase in Week 03 compared to Week 02, with all observed markets posting week-on-week gains. The regional average price rose by approximately 29%, with Serbia experiencing the largest jump at 65.5%, reflecting tight supply conditions and/or increased import dependence. Bulgaria, Romania, and Hungary clustered

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Serbia seeks US approval to ensure NIS operations amid MOL acquisition talks

Serbia has taken formal steps to secure the continued operation of NIS amid ongoing negotiations over a potential ownership change involving GazpromNeft and Hungary’s MOL Group. Minister of Mining and Energy Dubravka Đedović confirmed that NIS has submitted a request to the US Office of Foreign Assets Control (OFAC) seeking permission to maintain normal business

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Romania: CCE sells 293 MW Horia 2 solar project to Renalfa Solarpro Group

Renewable energy developer CCE has completed the sale of its Horia 2 solar project in western Romania to Bulgaria-based Renalfa Solarpro Group. The project, located in Arad County, has an installed capacity of 293 MW and covers approximately 349 hectares of land. The transaction was advised on the seller’s side by international law firm CMS.

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Romania: Electricity system handles record demand amid cold spell

A cold spell pushed Romania’s electricity system to its limits on 19 January, with demand surging to 9,235 MW, the highest level recorded in the past five years. Average temperatures were about four degrees below seasonal norms, creating significant operational pressure on the national grid. Energy Minister Bogdan Ivan reported that the system remained stable

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Hungary: MOL Group moves to acquire controlling stake in NIS, expanding regional energy footprint

Hungary’s MOL Group has taken a major step toward reshaping the energy landscape in central and southeastern Europe by reaching a binding preliminary agreement to acquire a 56.15% controlling stake in Serbian oil company NIS from Russian GazpromNeft. Once all conditions are met, MOL would assume dominant shareholder rights over the company. If finalized, the

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Greece set to receive 17 US LNG shipments in Q1 2026, cementing role as regional gas hub

Large volumes of US liquefied natural gas (LNG) are scheduled to arrive in Greece in early 2026, highlighting the country’s growing role as a regional gas distribution hub, even before the Vertical Gas Corridor reaches full operational capacity. Current schedules indicate that at least 17 LNG tankers from the United States are expected during the

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Croatia: HEP plans 91 MW solar power plant in Crno to boost renewable energy

Croatian state-owned power utility HEP is preparing to develop a large-scale solar power plant in the Crno area near Zadar. The planned location is situated on the edge of the city’s urban zone, within the Crno Business Zone, and was selected to minimize visual impact on nearby residential areas. The project site spans around 93

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Bulgaria secures EU renewable energy funding to boost solar and storage in coal regions

Bulgaria has confirmed its role as a host country under the European Union’s Financial Mechanism for Renewable Energy, following an invitation from the European Commission’s Directorate-General for Energy to express binding interest for the 2026 funding round. Under the planned scheme, the European Commission will launch a dedicated call to support renewable energy investments located

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Bulgaria: IBEX day-ahead market marks 10 years of transparent and growing power trading

The day-ahead market segment on the Independent Bulgarian Energy Exchange (IBEX) is marking its 10th anniversary, celebrating a decade since the launch of the first organized electricity market in Bulgaria. This segment laid the foundations for transparent, market-based and publicly traceable electricity trading, becoming a cornerstone of the country’s power market architecture. Speaking on the

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