December 2025 opens the winter season in Central and South-East Europe with a familiar but very different energy landscape. The fears that once shaped the region’s winter outlook — tight gas balances, extreme price volatility, supply threats and fragile thermal fleets — have been replaced by a calmer, more technically governed market. The price signals […]
For more than two decades, Serbia’s political and economic stability rested on a simple, unwritten assumption: Russian gas would continue to flow, reliably, predictably and at preferential terms negotiated quietly between Belgrade and Moscow. The relationship was never merely commercial. It was geopolitical architecture disguised as commodity trade. Moscow guaranteed supply; Belgrade guaranteed loyalty —
Serbia’s energy future at stake in post-Russia gas power struggle Read More »
Slovakia has obtained concessions in the European Union’s draft regulation that aims to end Russian gas imports by autumn 2027. According to Economy Minister Denisa Sakova, the provisional agreement reached between the Council of the EU and the European Parliament now allows Slovakia to continue using its long-term gas supply contract with Russia for an
Europe: Slovakia secures EU concessions on Russian gas imports deadline Read More »
European natural gas prices declined in Week 48, as forecasts indicated warmer-than-expected temperatures, reducing anticipated heating demand. TTF month-ahead prices settled below €30/MWh for the first time since May 2024, marking an 18-month low despite a recent cold spell. TTF futures for January 2026 delivery traded near €29/MWh throughout the week. Prices started at €29.904/MWh
Europe: Gas prices fall to 18-month low amid milder weather and strong LNG supply Read More »
The European Union has reached an agreement to implement a complete ban on Russian natural gas imports, nearly four years after Russia’s invasion of Ukraine. EU diplomats and members of the European Parliament approved a phase-out timeline that will end all imports of Russian gas by autumn 2027, with earlier deadlines for liquefied natural gas
Europe: EU agrees to full ban on Russian gas imports by 2027 Read More »
Operations at the Brazi combined-cycle gas power plant were partially suspended on 2 December after two generating units, totaling 569 MW, were taken offline around midday. The plant, operated by OMV Petrom, is experiencing technical issues related to the supply of process water, which is critical for its operation. A third unit, with a capacity
Romania: Partial shutdown at Brazi gas plant due to water supply issues Read More »
Brent oil futures for the Front Month on the ICE market reached their weekly maximum settlement price of $63.37/bbl on Monday, November 24. Following a 1.4% drop on Tuesday, November 25, prices fell to the weekly minimum of $62.48/bbl, the lowest since October 22, according to AleaSoft Energy Forecasting. In the last three sessions, settlement
Weekly energy market update: Brent, TTF gas and CO₂ futures trends Read More »
The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 4.3% decrease in wholesale natural gas prices for December 2025, exceeding the 1% reduction initially proposed by public supplier Bulgargaz in mid-November. The new wholesale price stands at around €32.2/MWh, excluding VAT and excise duty. This follows a 7.88% increase approved for November.
Bulgaria lowers wholesale gas prices for December 2025 Read More »
Between its launch in October 2022 and the end of October 2025, the Greece–Bulgaria Gas Interconnector (IGB) has transported more than 39 million MWh of natural gas northward into Bulgaria, along with nearly 2 million MWh sent back into Greece through virtual reverse-flow operations. In just the first ten months of 2025, over 8.4 million
Region: Greece–Bulgaria interconnector emerges as main gas supply route Read More »
Croatia is preparing to revise its gas transmission tariffs for the first time in four years. In accordance with the rules of the national energy regulator HERA, the state-owned transmission system operator Plinacro will be required to apply the updated fee structure to gas distributors and traders. HERA has released its proposed methodology for determining
Croatia to abolish LNG transmission discount as HERA prepares new gas tariff reform Read More »
