gas

Region: ICGB and regional operators launch new gas routes to boost supply toward Ukraine

The independent operator of the Greece–Bulgaria gas interconnector (ICGB) has joined forces with neighboring transmission system operators to create two new capacity routes designed to enhance gas transport to Ukraine. The new Routes 2 and 3 will channel natural gas from Greece’s Alexandroupoli LNG terminal and the Trans-Adriatic Pipeline (TAP) through the IGB interconnector, continuing […]

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Greece: ExxonMobil, Energean and Helleniq launch new offshore exploration phase in Ionian Sea

A new stage in Greece’s offshore energy exploration has begun as ExxonMobil, Energean, and Helleniq Energy signed a farm-in agreement granting them joint ownership of 60% in Block 2 of the Ionian Sea, located northwest of Corfu. The signing took place in Athens during the Partnership for Transatlantic Energy Cooperation (P-TEC) meetings. The exploration plan

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EU report: Bulgaria must accelerate energy transition and reduce dependence on Russian gas

According to a new report from the European Commission, Bulgaria has made notable progress in diversifying its energy mix but remains significantly dependent on Russian energy imports. The report shows that solid fossil fuels accounted for 21% of Bulgaria’s total energy supply in 2021, down from 37% in 2010. During the same period, the share

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Europe: TTF gas prices remain stable around €31–32/MWh as European demand and LNG growth slow

In late October 2025, TTF gas futures remained relatively stable, trading in the €31–32/MWh range. The completion of maintenance at Norway’s Troll gas field and forecasts of mild, windy weather through mid-November were the main factors supporting steady prices. On the ICE exchange, TTF futures for December 2025 delivery were slightly lower compared to Week

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Greece boosts regional energy role with €134 million Komotini gas compression station

Greece is preparing to launch a new natural gas compression station in Komotini, northern Greece, marking a significant milestone in its strategy to strengthen its role as an energy hub for southeastern Europe. The €134 million investment will substantially increase the country’s capacity to export natural gas northward, reinforcing the regional energy corridor that links

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Croatia: Omišalj LNG terminal begins testing of new regasification module, doubling capacity to 6.1 bcm

The newly installed regasification module at Croatia’s floating LNG terminal in Omišalj has entered the testing phase and will undergo several weeks of adjustments, the operator LNG Hrvatska announced. The upgrade is a key part of a major capacity expansion project at the liquefied natural gas terminal. According to LNG Hrvatska, the new module must

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Bulgaria: KEVR approves November gas price increase secures stable supply from Azerbaijan and LNG imports

The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 7.88 percent increase in the wholesale natural gas price for November 2025, raising the rate to approximately 33.7 euros per megawatt-hour, excluding VAT and excise duty. This follows a smaller, 1 percent increase approved for October. Despite the adjustment, the newly approved price

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Region: Feasibility study completed for Serbia–North Macedonia gas interconnector, construction planned by 2027

The feasibility study for the planned gas interconnection between Serbia and North Macedonia has been completed, marking a key step forward in the project’s preparation phase. The new interconnector is expected to be constructed by 2027, with commissioning scheduled for 2028. Once operational, it will enable bidirectional gas flow between the two countries, providing access

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Europe: EU household gas prices drop sharply in early 2025, electricity costs remain stable

According to Eurostat data for the first half of 2025, household gas prices across the European Union declined notably, while electricity prices remained virtually unchanged compared to the second half of 2024. The average household gas price dropped by 8.1 percent, from 12.44 to 11.43 euros per 100 kWh. Eurostat noted that this marks a

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Europe: TTF gas futures remain stable despite EU sanctions on Russian LNG, as Greece accelerates shift toward U.S. supplies

TTF gas futures experienced mild upward pressure following the European Union’s approval of a new sanctions package against Russia, which includes a ban on Russian LNG imports effective from 2027. While the announcement initially boosted market sentiment, the impact was limited by strong supply conditions and storage facilities near full capacity across Europe. As a

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