The European Union’s plan to end Russian gas imports by 2027 presents Greece with both major opportunities and serious challenges. On the positive side, the country’s expanding liquefied natural gas (LNG) infrastructure — anchored by the Revythoussa terminal near Athens and the Alexandroupoli floating storage and regasification unit (FSRU) — is positioning Greece as a […]
A new analysis by EY, commissioned by OMV Petrom and NewMed Energy, suggests that developing natural gas reserves in Bulgaria’s section of the Black Sea could bring substantial economic and strategic benefits. According to the report, every 1 billion euros invested in offshore gas projects could add up to 5.2 billion euros to Bulgaria’s national
Bulgaria: Black Sea gas development could boost GDP and energy independence Read More »
The Council of the European Union has approved a draft regulation introducing a phased ban on imports of Russian natural gas. Under the new rules, imports of Russian gas—whether by pipeline or in liquefied form—will be prohibited starting 1 January 2026, with transitional measures for existing contracts. The full ban is scheduled to take effect
EU approves phased ban on Russian gas, Serbia faces supply challenges Read More »
Both entities of Bosnia and Herzegovina — the Republic of Srpska (RS) and the Federation of Bosnia and Herzegovina (FBiH) — are still waiting for a renewed natural gas supply contract with Russia’s Gazprom Export. The previous agreement was extended by an annex for only one month, while expectations remain that a new deal will
Bosnia and Herzegovina awaits new Gazprom gas deal as one-month extension nears expiry Read More »
European Union member states have reached an agreement to completely end imports of Russian natural gas by the end of 2027, marking a major step toward reducing the bloc’s long-standing energy dependence on Russia. The decision, approved by EU Energy Ministers during a meeting in Luxembourg, supports the European Commission’s proposal to phase out both
Europe: EU agrees to end all Russian gas imports by 2027 in landmark energy shift Read More »
The Greek natural gas transmission system operator DESFA has announced a tender worth 1.22 million euros for the supply of steel pipes needed to construct a new pipeline that will connect the planned Alexandroupoli gas-fired power plant to the national gas network. The 840 MW combined-cycle facility, scheduled to begin operations in 2027, is being
Croatia is entering the new heating season with stable gas supplies, high storage levels, and the upcoming expansion of its LNG terminal on the island of Krk, which is set to become operational on 24 October. Dalibor Pudic, President of the Croatian Gas Association, stated that gas availability across Europe remains sufficient, supported by the
Croatia enters heating season with strong gas reserves and LNG expansion on Krk Island Read More »
The European Parliament’s Committees on Industry and Energy, and on International Trade, have supported a draft law that introduces a complete ban on the import of Russian gas, including liquefied natural gas (LNG), starting from 1 January 2026. Limited exceptions would apply to existing short-term contracts until June 2026 and to long-term agreements until January
Bulgaria’s state-owned natural gas supplier Bulgargaz has completed a tender to meet part of the country’s seasonal demand through liquefied natural gas (LNG) deliveries via the Alexandroupoli terminal in Greece. The tender, launched in mid-September, attracted bids from more than ten international companies and aimed to secure four LNG shipments totaling around 4,000,000 MWh. For
The Greek natural gas transmission system operator DESFA reported that total natural gas demand, including exports, reached 56.36 TWh in the first nine months of 2025, up 16.7% from 48.31 TWh in the same period in 2024. The main driver of growth was the export market. Gas exports surged to 5.06 TWh, a substantial increase
