gas

Europe: EU gas storage levels on track to meet winter 2025 targets despite regional gaps

Under the European framework aimed at ensuring a reliable and competitive gas supply, underground gas storage facilities in the EU must be at least 90% full before the start of winter. These rules were introduced in 2022 after Russia’s invasion of Ukraine, when the EU adopted the gas storage regulation as part of a broader […]

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Romania: Constanța to get modern gas-hydrogen cogeneration plant, replacing 1970s infrastructure

A new high-efficiency cogeneration plant is under development on the site of the former CET Palas facility in Constanța, replacing infrastructure dating back to the 1970s. Valued at 120 million euros and largely financed through the National Recovery and Resilience Plan (PNRR), the plant will deliver 160 MW of capacity, producing both electricity and heat

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Gazprom gas flows to Europe via TurkStream dip slightly in August but remain above 2024 levels

Gazprom’s natural gas deliveries to Europe through the TurkStream pipeline fell slightly in August, down 2 percent compared to July, according to estimates based on ENTSOG data. Average daily flows dropped to 50.4 million cubic meters from 51.5 million cubic meters in the previous month. Despite the month-to-month decline, volumes were still higher than the

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Energy markets weekly: Brent, TTF gas and CO2 prices show moderate fluctuations in late August

During the fourth week of August, Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $68.80/bbl on Monday, August 25. Prices then fell 2.3% on Tuesday, August 26, hitting a weekly low of $67.22/bbl. From August 27 onward, Brent prices rose again, staying above $68/bbl for

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Serbia: Banatski Dvor gas storage facility nears completion of initial expansion phase

Construction work on the first four boreholes at Serbia’s only underground gas storage facility in Banatski Dvor is nearing completion. Three boreholes have already been finished, while the fourth is expected to be completed in October, allowing the first gas injection to begin. In addition to the boreholes, above-ground systems for gas preparation, including well

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Europe: Gas prices hit 2025 low amid high storage levels and strong LNG supply

Following the August 15 meeting between Donald Trump and Vladimir Putin, and Trump’s subsequent conversation with Ukrainian President Volodymyr Zelenskyy, European gas prices fell to a new low for 2025 as markets anticipated a possible easing of geopolitical tensions. On Monday, August 18, the one-month contract on the Dutch TTF gas exchange traded near €30/MWh,

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Europe faces winter energy challenges amid reduced Russian gas supplies and rising security risks

Europe is preparing for the upcoming winter season amid reduced Russian pipeline supplies following the halt of transit through Ukraine. Currently, the only active route for Russian gas into the EU is via TurkStream, passing through Bulgaria. Gas traders closely followed meetings between US President Donald Trump, Russian President Vladimir Putin, and later Ukrainian President

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Romania: Natural gas imports surge in H1 2025, domestic production set to grow through 2027

According to data from the National Institute for Statistics (INS), natural gas imports in the first half of 2025 reached 1.066 million tons of oil equivalent, representing a 52.6% increase, or 439,900 tons more than the same period in 2024. In contrast, domestic natural gas production during this period totaled 3.731 million tons of oil

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