The Bulgarian government has finalized a state-backed guarantee agreement with Investbank to support a long-term loan of €25 million for the state-owned gas transmission operator Bulgartransgaz. The agreement, signed on 16 September, is intended to fund the expansion of Bulgartransgaz’s transmission network as part of the broader Vertical Gas Corridor program, which connects gas operators […]
The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 1% increase in the wholesale natural gas price for October 2025. The wholesale price has risen to approximately 31.2 euros per megawatt-hour, excluding VAT and excise duty. Previously, KEVR approved a 2.5% decrease in the wholesale natural gas price for September. The newly
Bulgaria approves 1% increase in October wholesale natural gas price Read More »
In the fourth week of September, Brent oil futures for the Front-Month on the ICE market saw their weekly minimum settlement price of $66.57 per barrel on Monday, September 22. Prices rose throughout the week, reaching a weekly maximum settlement of $70.13 per barrel on Friday, September 26. This represented a 5.2% increase compared to
Europe: Brent oil, TTF gas and CO₂ futures show mixed trends in late September Read More »
According to the Bulgarian National Statistical Institute, electricity production in July 2025 rose by 8.1% compared to June, reaching 3,270 GWh. Electricity consumption also increased by 15.1% month-on-month, totaling 2,766 GWh. Natural gas consumption in July 2025 grew by 7.4%, reaching 159 million cubic meters, while production remained steady at 1 million cubic meters. Compared
Hungary risks losing more than 4 percent of its gross domestic product if it completely stops importing Russian gas, according to Gergely Gulyas, chief of staff to Prime Minister Viktor Orban. He noted that International Monetary Fund calculations estimate such a scenario would result in losses of around 10 billion dollars, making it extremely difficult
Hungary could lose over 4% of GDP if Russian gas imports stop Read More »
Bulgaria has announced that it will stop the transit of Russian natural gas through its territory to Serbia and Hungary starting in 2026. The decision comes after renewed calls from US President Donald Trump for European countries to reduce their reliance on Russian energy. Prime Minister Rosen Jelyazkov, speaking in New York during the UN
During her official visit to Baku, Serbian National Assembly Speaker Ana Brnabić announced that Serbia will receive additional natural gas supplies from Azerbaijan this winter, supplementing previously agreed volumes. She emphasized that these extra deliveries, requested by President Aleksandar Vučić, will be vital for ensuring energy stability during the upcoming heating season. Brnabić also highlighted
TTF natural gas prices continued their downward trend ahead of the heating season, with only modest daily fluctuations of a few tenths of a euro. In the third week of September, abundant liquefied natural gas (LNG) supply, mild temperatures reducing gas demand, and high wind energy output kept TTF gas futures below €33/MWh. By the
Europe: TTF gas prices slide as EU prepares new sanctions on Russian energy Read More »
Serbia is expected to sign a new long-term natural gas agreement with Russian company Gazprom in October, extending the current supply arrangement until the end of that month. Srbijagas director Dušan Bajatović said the existing contract will remain valid under the same terms, including the oil-indexed pricing formula and additional supply volumes. He assured that
Serbia: New long-term gas deal with Gazprom expected in October Read More »
The latest auction for the special capacity product known as Route 1, designed for transporting natural gas from Greece to Ukraine through the Vertical Corridor, once again drew no participants. This was the fifth attempt, following similar results in earlier rounds. Analysts note that the lack of interest is linked to temporary circumstances rather than
Greece: Fifth auction for Route 1 gas capacity fails to attract bidders Read More »
