gas

Bulgaria advances Vertical Gas Corridor as regional energy hub

Bulgarian Energy Minister Zhecho Stankov announced that another shipment of pipes is expected to arrive at the port of Burgas in the coming weeks, marking continued progress on the Vertical Gas Corridor project. He emphasized Bulgaria’s growing role as a key player in ensuring regional energy stability through the development of critical infrastructure. Minister Stankov […]

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Romania: Energy Regulator ANRE denies claims of discounted gas exports to Austria

Romania’s National Energy Regulatory Authority (ANRE) has strongly denied recent accusations that the country exports natural gas to Austria at discounted rates, allegedly disadvantaging Romanian consumers. In a public statement, ANRE rejected what it called misleading claims made by certain political figures, emphasizing that such narratives contradict Romania’s economic interests and energy security goals. According

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Europe: EU gas demand to fall by 7% by 2030 amid surge in renewables and electrification

A recent analysis by the think tank Ember projects that natural gas consumption in the European Union will decline by 7 percent by 2030. This expected decrease is being driven by the rapid expansion of renewable energy sources and a broader shift toward electrification across member states. Ember’s review of national energy strategies from EU

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Region: Hungary and Slovakia oppose EU plan to ban Russian gas imports by 2027

Hungary and Slovakia have voiced strong opposition to the European Union’s proposal to halt imports of Russian gas and liquefied natural gas (LNG), a measure that Brussels is preparing to formalize in the near future. Despite the objections raised by these two countries, the new legislation may still advance without their support. The European Commission

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Europe: Brent oil and TTF gas prices surge amid Middle East tensions and supply concerns

Brent oil futures for the Front Month on the ICE market recorded their lowest weekly settlement price at $66.87 per barrel on Tuesday, June 10. For most sessions during the second week of June, settlement prices stayed below $70 per barrel. However, on Friday, June 13, these futures rose by 7.0% compared to the previous

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Bulgaria: Bulgartransgaz seeks €102 million loan to expand gas network

Bulgarian state-owned gas transmission operator Bulgartransgaz has launched a tender to secure a €102 million loan to help fund the expansion of its pipeline network. The financing is intended to support the development of the Vertical Gas Corridor, a key project designed to connect Greece with Central and Eastern Europe and boost energy connectivity across

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Bosnia and Herzegovina: Republika Srpska begins gasification project in eastern region

President of the Republic of Srpska Milorad Dodik attended a ceremony marking the start of work on gasification in the eastern part of the entity. The event was held at the Jakovice handover station near Sekovici. Dodik emphasized the need for the Republic of Srpska to address gasification as a priority, highlighting that natural gas

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Region: Greece-Bulgaria gas interconnector transports over 34.5 million MWh since commercial launch

Since its commercial launch at the end of 2022, the Greece-Bulgaria Gas Interconnector (IGB) has transported more than 34.5 million MWh of natural gas, according to an announcement by the pipeline’s operator on June 6. During the summer months, the IGB covers over 60% of Bulgaria’s natural gas supply, while in the winter this drops

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Serbia seeks stable gas supply amid European push to cut Russian imports

Serbia should sign a long-term gas supply contract with Russia, according to Srbijagas Director Dušan Bajatović. The General Manager of Srbijagas stated that Serbia will negotiate a long-term agreement with Russia for the procurement of gas. “We will get a long-term contract. There is still a question of price. It will not be for less

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Slovenia: New 466 kW solar power plant begins operation at Brestanica gas-fired facility

A new solar power plant with a capacity of 466 kW has officially started generating electricity at the Brestanica gas-fired power plant, marking a significant milestone in expanding renewable energy at the state-owned facility in the municipality of Krsko. The photovoltaic system was installed by GEN-I Sonce, a subsidiary of the energy company GEN-I. The

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