gas

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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Bulgaria: Bulgargaz proposes lower wholesale gas price for December 2025

Bulgarian state-owned gas supplier Bulgargaz has proposed a lower wholesale natural gas price for December 2025. The expected price for December is around 33.4 euros/MWh, representing a slight reduction of about 1 percent compared to the approved November price of approximately 33.7 euros/MWh. The November tariff, in turn, marked a 7.88 percent increase from October.

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Europe: TTF gas prices remain stable as ExxonMobil and partners sign exploration deal for Greece’s Block 2

In the first week of November 2025, TTF natural gas futures traded within a narrow range between €31.20 and €32.55 per MWh, showing limited volatility and remaining close to late-October levels. This stability reflected a short-term balance between supply and demand fundamentals in the European gas market. TTF gas futures on the ICE market for

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Bosnia and Herzegovina: U.S. reaffirm commitment to advancing Southern Gas Interconnection project

Bosnia and Herzegovina’s Federal Minister of Energy, Mining and Industry, Vedran Lakić, held a working meeting with the management of BH-Gas to assess progress and define the next steps in the preparatory phase of the Southern Gas Interconnection project. The meeting followed his recent visit to Greece and discussions with senior U.S. officials. Both sides

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Europe: Oil, gas and CO2 prices decline in early November amid OPEC+ decisions and high supply

Brent crude oil futures for the front-month contract on the ICE market reached their weekly high of $64.89 per barrel on Monday, November 3, which was already 0.3 percent lower than the closing price of the previous week. Prices continued to decline until Thursday, November 6, when they hit the weekly low of $63.38 per

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Serbia advances regional energy integration with new gas links and renewables expansion

Serbia is accelerating efforts to diversify its natural gas supply and strengthen regional energy connectivity, following the successful completion of its interconnector with Bulgaria two years ago. The government now plans to build new gas interconnections with North Macedonia and Romania within the next two to three years, enabling imports of up to 2.3 billion

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Region: Romania, Greece sign MoU to boost LNG supply and regional energy integration

At the Partnership for Transatlantic Energy Cooperation 2025 (P-TEC 2025) forum in Athens, Romanian Nova Power & Gas, Transgaz, and Greek Atlantic-See LNG Trade signed a memorandum of understanding to enhance cooperation on liquefied natural gas (LNG) supply and regional energy diversification. The agreement aims to establish joint procurement mechanisms that will reduce reliance on

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Hungary granted one-year US sanctions waiver to continue importing Russian energy

Hungarian Prime Minister Viktor Orbán announced that Hungary has secured an exemption from US sanctions on Russian oil and gas, following a meeting with US President Donald Trump in Washington. The waiver allows Hungary to continue importing Russian crude and natural gas via the TurkStream pipeline and the Druzhba oil network, despite the broader sanctions

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Greece signs €25 billion LNG deal with US Venture Global to strengthen regional energy security

Greek state energy company DEPA and construction giant Aktor have signed a 20-year, €25 billion contract with US producer Venture Global to import up to 4 billion cubic meters of LNG annually starting 1 January 2030. The agreement, concluded through their joint venture Atlantic-See LNG Trade during the 6th Transatlantic Energy Cooperation Summit in Athens,

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