Montenegro: Gvozd wind farm nears trial operations for late 2025

Montenegro’s state-owned power utility EPCG is advancing steadily toward the commissioning of its first wind power plant, the 55 MW Gvozd project, with trial operations expected to begin before the end of 2025. Installation of the turbines, supplied by Germany’s Nordex, began in October. According to project manager Nikola Vukotić, the transport of all turbine […]

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Region: Chevron joins bidders eyeing Lukoil’s international assets after U.S. sanctions shift

US energy giant Chevron is evaluating selective opportunities to acquire parts of the international portfolio of Russian oil company Lukoil, which is currently under US sanctions. The move comes after the US Department of the Treasury last week granted potential buyers permission to engage in preliminary discussions with Lukoil regarding its overseas assets. With this

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Europe must double grid investment to meet 2050 targets, industry says

More than one-third of Europe’s low-voltage electricity networks are already over 40 years old, and without decisive action that share could rise to 90% by 2050. Eurelectric, the association representing the European electricity industry, warns that the continent’s climate and energy goals are in jeopardy unless network expansion, modernization and digitalization accelerate significantly. Ahead of

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Europe: Electricity prices fall in most markets as wind output rises

During the second week of November, average electricity prices fell in most major European markets compared to the previous week. The only exceptions were Italy’s IPEX market and the Nordic Nord Pool market, where prices rose by 3.8% and 6.1%, respectively. France’s EPEX SPOT market recorded the largest decrease, with prices dropping by 34%. In

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Slovenia: NPP Krsko exceeds planned output in October despite maintenance outage

In October 2025, the Krsko nuclear power plant, jointly owned by Slovenia and Croatia, generated 29,621 MWh of net electricity, exceeding the planned monthly output of 24,000 MWh by 23.4 percent. The plant remained offline for most of the month due to scheduled maintenance and was reconnected to the grid on 28 October. In the

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Romania: Romgaz posts strong nine-month results with 73% profit surge

Romanian natural gas producer Romgaz reported consolidated earnings of 480 million euros for the January–September 2025 period, an increase of 7 percent compared with the same interval in 2024. The third quarter was particularly strong. Net profit for the first nine months of 2025 climbed to 151 million euros, marking a 73 percent year-on-year increase.

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Greece and Ukraine seal first energy deals as U.S. pushes LNG strategy

Sunday’s meeting in Athens between Greek Prime Minister Kyriakos Mitsotakis and Ukrainian President Volodymyr Zelenskyy produced the first set of agreements linked to the ongoing reshaping of regional energy flows. These deals align with the US strategy to phase out Russian natural gas from southeastern Europe and underscore the growing commercial activity related to Ukraine’s

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