The Minister of Energy and Mining of Republika Srpska, Petar Djokic, announced that construction of the main gas pipeline in the eastern part of the entity is set to begin in June. The project is expected to stimulate economic development in municipalities that will be connected to the new gas network. After a meeting with […]
Electricity prices in Serbia and Montenegro remain among the lowest in Europe, according to the most recent Eurostat data. In the second half of the previous year, the average electricity cost for households in Serbia was 18.16 euros per 100 kWh, significantly below the European Union average of 28.49 euros. Montenegro reported similarly low prices,
Electricity and gas prices in Serbia and Montenegro among lowest in Europe Read More »
During the second week of May, Brent crude oil futures for the Front Month on the ICE market showed a notable upward trend. On Monday, May 5, futures settled at a weekly low of $60.23 per barrel, the lowest level since February 6, 2021. However, prices increased steadily over the following sessions, reaching $63.91 per
Serbia is actively negotiating a new long-term gas supply agreement with Russia to secure stable energy access and maintain low prices for both businesses and households. Energy cooperation was a central topic during recent talks between Serbian President Aleksandar Vučić and Russian President Vladimir Putin, with a focus on extending the current agreement and preserving
Serbia pursues long-term gas deal with Russia to ensure energy stability Read More »
Hungarian Foreign Minister Péter Szijjártó has strongly opposed the European Commission’s newly unveiled plan to phase out all imports of Russian gas, oil and nuclear fuel by the end of 2027. The proposed strategy, aimed at eliminating the EU’s dependency on Russian energy, has sparked backlash from Budapest, which relies heavily on Russian supplies. Szijjártó
Hungary criticizes EU plan to end Russian energy imports by 2027 Read More »
Austrian energy group OMV announced that gas production from Romania’s Black Sea Neptun Deep project is set to start in 2027, marking a major step forward for European energy independence. The €4 billion venture is being developed jointly by OMV’s Romanian arm, OMV Petrom, and state-owned gas producer Romgaz, with both holding equal 50% stakes.
North Macedonia’s state-owned gas transmission operator, Nomagas, has signed a contract with local construction firm Rapid Build to construct the country’s portion of a new natural gas interconnector with Greece. The project involves building a 68-kilometer pipeline, valued at €83.7 million. Energy Minister Sanja Bozinovska announced the deal, highlighting its strategic significance for regional energy
Region: North Macedonia awards contract for gas interconnector with Greece Read More »
Croatia has demonstrated strong readiness for recent changes in the gas market, according to Dalibor Pudic, President of the Croatian Gas Professionals Association. Speaking at the 40th International Meeting of Gas Experts in Opatija, Pudic cited the timely development of the LNG terminal in Omisalj, expanded gas transport infrastructure, increased domestic production, and new storage
Croatia well-prepared for gas market shifts, says industry leader Read More »
During the first week of May 2025, TTF gas futures for June delivery on the ICE market traded lower compared to the week of April 21 and consistently stayed below €35/MWh. The weekly low was recorded on Tuesday, April 29, at €31.956/MWh, which was 1.8% below the previous Tuesday. Prices then rose towards the end
Europe: Gas prices fall amid stable supply and geopolitical tensions Read More »
The European Union is preparing to introduce new measures aimed at ending all imports of Russian gas by the end of 2027. As a first step, the European Commission intends to ban all new contracts for Russian gas, including spot market deals, by the end of 2025. These spot deals currently represent about one-third of
Europe: EU plans complete ban on Russian gas imports by 2027 Read More »
