European natural gas prices bounced back on Monday, June 2, after posting their first weekly loss in four weeks on Friday, May 30, amid growing concerns over storage levels. In the ICE market, TTF gas futures for July 2025 delivery remained relatively stable during the first week of June, hovering around €36/MWh. On June 2, […]
Europe: Natural gas prices rebound amid maintenance and geopolitical tensions Read More »
Brent oil futures for the Front Month in the ICE market recorded their lowest settlement price of the week, $64.63 per barrel, on Monday, June 2. Prices increased during most sessions throughout the first week of June, reaching a weekly high of $66.47 per barrel on Friday, June 6. This value was 4.0% higher than
Europe is currently facing a significant challenge in its efforts to refill underground gas reserves ahead of the 2025/2026 winter season. By the end of May, gas levels in storage facilities were considerably lower compared to the same time last year, prompting concern across the continent. The European Union has set a goal to reach
Europe races to refill gas reserves amid supply strains and winter fears Read More »
Serbia plans to build two new gas pipelines over the next three years, connecting the country to North Macedonia and Romania. These projects, supported by the European Union, aim to strengthen Serbia’s energy network and diversify its gas supply routes. The pipeline to North Macedonia will link Serbia to the Trans-Anatolian (TAP) pipeline, providing access
Serbia advances energy security with new gas pipelines and oil supply diversification Read More »
The Greek Government is considering the introduction of a capacity market aimed at supporting natural gas-fired power plants. This initiative is part of a broader strategy to maintain the economic viability of these facilities as the country accelerates its shift toward renewable energy sources. As solar and wind increasingly dominate daily electricity production, the need
Greece plans capacity market to support gas plants amid renewable shift Read More »
A recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) projects that the European Union could reduce its total imports of natural gas and liquefied natural gas (LNG) by 25% between 2024 and 2030. This forecast is driven by a continuing decline in gas consumption, fueled by the EU’s increasing adoption of
In the fifth week of May 2025, TTF gas futures on the ICE market for June delivery were lower compared to the previous week, averaging around €36/MWh. On Monday, May 26, TTF gas futures reached their highest settlement price of the week at €37.369/MWh, which was 2.5% higher than the last session of the previous
The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 0.1% reduction in the wholesale price of natural gas for June 2025. The new wholesale price stands at approximately €32.8 per megawatt-hour (MWh), excluding VAT and excise duties. This follows a previously approved 14.2% price decrease for May. KEVR stated that Bulgaria’s natural
Bulgaria: KEVR approves slight decrease in wholesale natural gas price for June 2025 Read More »
During the last week of May, settlement prices for Brent oil futures for the Front Month on the ICE market remained below $65 per barrel. The highest settlement price of the week was recorded on Tuesday, May 28, at $64.90 per barrel. Prices then declined, reaching the weekly minimum of $63.90 per barrel on Friday,
On 29 May, a formal inspection of the Vertical Gas Corridor infrastructure was held near the village of Mikrevo in southwestern Bulgaria. The event brought together key representatives from the Bulgarian Government, the gas transmission system operator Bulgartransgaz, construction company Glavbolgarstroy, as well as senior officials from Greece and Hungary, including the Greek Minister of
