gas Archives - Balancing Energy

Serbia secures temporary gas supply extension through peak winter, ensuring energy stability for households and industry

Serbia has secured continuity of natural gas deliveries through the peak winter period after reaching a temporary supply arrangement valid until the end of March. President Aleksandar Vučić emphasized that the extension provides stability for households and industry, ensuring sufficient gas and electricity during the coldest months. The three-month extension is intended to give the […]

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Europe: Vertical Gas Corridor faces setback as January capacity auctions fail to attract bidders

Efforts to transport natural gas to Ukraine via the Vertical Gas Corridor faced a setback after all three capacity auctions for January concluded without a single bidder. This outcome raises fresh doubts about the commercial readiness of the corridor and its ability to compete with alternative supply routes. The auctions, held simultaneously, covered three distinct

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European gas market Week 51: Prices edge higher amid supply stability and colder weather forecasts

During Week 51 of 2025, Dutch gas prices posted modest gains, but the market is largely expected to trade sideways, as rising demand from colder weather can be easily met by both pipeline and liquefied natural gas (LNG) deliveries. TTF gas futures on the ICE market for January 2026 delivery traded higher compared to Week

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Srbijagas – Between stability and missed reforms

Srbijagas has been one of Serbia’s most critical state energy companies in recent years — surrounded by vast promises, political declarations, strategic ambitions and public expectations. It promised financial reform, transparency, infrastructure expansion, supply security, diversification, development of gas power generation and transformation into a modern, EU-aligned market entity. The real outcome sits between achievement

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Global energy commodities in mid-December: Brent oil, TTF gas and EU CO₂ futures show volatility

During the week of December 15, Brent crude oil futures for the Front Month on the ICE market experienced fluctuations, reaching their weekly maximum settlement price of $60.56 per barrel on Monday, December 15. This represented a slight 0.9% decline compared to the last session of the previous week. Prices continued to fall, hitting the

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Region: Hungary’s MVM secures major LNG capacity at Croatia’s Krk terminal to mitigate Russian gas risks

Hungary’s largest gas wholesaler, MVM, has revealed that it has reserved significant import capacity at Croatia’s LNG terminal on the island of Krk as a precaution against a potential cutoff of Russian gas supplies. The arrangement would allow the company to import up to one billion cubic meters of gas per year through the terminal

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Albania transitions from gas transit to consumption with SOCAR supply in Korca

Albania is set to emerge as a significant natural gas consumer, as Azerbaijan’s state energy company SOCAR prepares to supply gas to the city of Korca. This initiative signals a shift in Albania’s role from merely a transit country to an active end user within the regional gas system. The planned gasification will cover Korca’s

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Regulatory approaches to integrated energy systems in Serbia: From fragmentation to coherence

Serbia’s energy policy is increasingly torn between its traditional sector-based governance and a future that demands full integration. Historically, electricity, gas, heating, fuel supply, and infrastructure planning existed as separate islands. Each sector had its own strategy, regulatory rules, investment plans and corporate logic. For decades, this structure worked. Today, it is becoming a structural

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Serbia’s baseload future: Assessing gas demand by 2035–2040

Serbia is entering the most decisive decade in the modern history of its energy system. What for years looked like a stable and predictable structure built around lignite baseload, large hydropower and modest imports is being replaced by a far more complex reality driven by renewables expansion, climate pressures, aging coal fleets, system reliability risks

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Romania: Regulator fines Midia offshore gas consortium for non-compliance with domestic supply rules

Romania’s energy regulator ANRE has imposed a new round of financial sanctions on the consortium developing the Midia offshore gas field in the Black Sea, citing continued non-compliance with domestic gas supply obligations. The penalties target Black Sea Oil & Gas (BSOG) along with partners PetroVentures and GasPlus Dacia, despite previous sanctions in prior years.

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