A Romanian consortium comprising Elsaco and Energomontaj has been awarded the contract by the Municipality of Ramnicu Valcea to construct a 145 MW gas-fired cogeneration power plant at the CET Govora site. The project, valued at approximately 100 million euros, is funded by the European Union. The new facility will be integrated with the national […]
The bio-LNG sector is gaining traction and is set to make its formal debut in the Greek market once DESFA, the country’s natural gas transmission system operator, secures certification for the Revythoussa LNG terminal, located near Athens. The certification process is expected to be completed by the end of the year. The approval will address
In the first three months of 2025, Russia increased its natural gas exports to Europe via the TurkStream pipeline by 16% compared to the same period in the previous year, reaching a total of 4.51 billion cubic meters. However, in March, exports dropped by 9.5% compared to February 2025, falling to 1.4 billion cubic meters,
As of 31 March 2025, Slovenia has officially ended the early warning phase of its gas supply crisis, marking the conclusion of the initial stage of the crisis response. According to the Slovenian Government, gas transmission to the country is stable and operating at full capacity, with no disruptions expected due to current conditions in
Slovenia ends early warning phase for gas supply crisis Read More »
MOL, Hungary’s leading oil and gas company, has announced the successful acquisition of O&GD’s gas fields near Endrod in southeastern Hungary, including the associated infrastructure. The site spans approximately 1,000 square kilometers and contains 29 active wells, currently producing hydrocarbons with a daily output of about 1,000 barrels. This acquisition is expected to significantly contribute
Hungary: MOL completes acquisition of O&GD’s gas fields in Bekes County Read More »
The first exploratory drilling in the Eastern Mediterranean is projected to commence between late 2025 and early 2026, according to Greek Environment and Energy Minister Theodoros Skylakakis. He made this announcement during the “East Mediterranean Gas Forum” meeting held in Athens. Skylakakis emphasized the increasing significance of the Eastern Mediterranean region for European energy security
Greece: Exploratory drilling in Eastern Mediterranean to start by 2026 Read More »
Algeria and Slovenia have signed several cooperation agreements, one of which involves enhancing Algeria’s gas exports to Slovenia. Slovenia’s largest gas supplier Geoplin and Algeria’s state-owned energy company Sonatrach signed an annex to their gas supply contract under which Algeria’s natural gas supply to Slovenia will increase by an additional 200 million cubic meters per
Slovenia: Algeria to increase its gas supply to Slovenia Read More »
Fitch Ratings has assigned Romanian Romgaz a first-time ‘BBB-‘ Long-term Issuer Default Rating (IDR) with a Stable Outlook. Romgaz’s ‘BBB-‘ rating benefits from a one-notch uplift from its ‘bb+’ Standalone Credit Profile (SCP) for state support, as per our Government-Related Entities (GRE) Rating Criteria. The SCP reflects Romgaz’s dominant position in Romania’s natural gas market,
Romania: Fitch assigns Romgaz ‘BBB-‘ Rating Read More »
The Energy Community Secretariat published its opinion on the certification of Nomgas, the gas transmission system operator of North Macedonia. The opinion largely supports the certification of Nomgas in line with the Energy and Water Services Regulatory Commission of the Republic of North Macedonia’s (ERC) preliminary decision. In its opinion, the Secretariat recommended that, in the
North Macedonia: The Energy Community approves Nomgas as TSO Read More »
Accordin to AleaSoft Energy Forecasting, TTF gas futures in the ICE market for the FrontMonth, in the fourth week of May continued with the price increases initiated in the last sessions of the previous week. On Monday, May 20, they registered their weekly minimum settlement price, €31.77/MWh, which was already 7.4% higher than the previous Monday.
Europe: TTF gas futures exceeded 34 euros/MWh in week 21 Read More »
