In Week 30 of 2025, European gas prices declined, with Dutch TTF prices falling below €34/MWh — the lowest level recorded since April 29, 2025. This decrease was mainly driven by steady Norwegian gas supplies and continued progress in EU gas storage refilling. By the end of July, storage levels had surpassed 65% capacity, putting […]
Europe: Gas prices slide in Week 30 amid strong supply, cooling demand Read More »
The Serbian Energy Ministry has announced intentions to increase annual gas imports from Azerbaijan to 1 billion cubic meters, a rise of over 2.5 times the current agreement of 400 million cubic meters. Negotiations for new supply contracts are expected to begin soon, as existing agreements run through 2026 with an annual cap of 400
Naftogaz Group has signed its first supply agreement with SOCAR Energy Ukraine, a subsidiary of Azerbaijan’s SOCAR group, to import natural gas from Azerbaijan using the Bulgaria-Romania-Ukraine corridor. Before starting regular deliveries, the company conducted a trial shipment of gas via the Trans-Balkan route. Naftogaz CEO Sergii Koretskyi stated that although the volume was small,
Region: Naftogaz launches first gas imports from Azerbaijan via Trans-Balkan Corridor Read More »
Brent oil futures for the Front Month on the ICE market declined in most sessions during the fourth week of July, marking the second consecutive week of losses. The only exception was Thursday, July 24, when the settlement price rose by 1.0% compared to the previous day. The weekly high was recorded on Monday, July
ICGB, the independent operator of the Greece-Bulgaria interconnector pipeline, has implemented the DAMAS MMS:G commercial dispatching platform as a central component of its digital transformation efforts. This new system automates all of ICGB’s business and operational processes, allowing the company to manage international gas flows with increased speed, consistency, and transparency. Currently, the IGB pipeline
OMV Petrom and the state-owned company Romgaz have announced a €750 million infrastructure investment for the Neptun Deep offshore gas project in the Black Sea, following the issuance of an establishment authorization by Romania’s National Energy Regulatory Authority (ANRE). This funding will cover all essential foundational work required to bring the offshore field into production.
In Week 29 of 2025, European natural gas prices dipped slightly, with the benchmark Dutch TTF contract averaging €34.542/MWh. Prices briefly rose above €35 earlier in the week, driven by unplanned outages at Norway’s Nyhamna and Kollsnes processing plants and increased competition for LNG cargoes from Asia. However, as supply from Norway recovered, prices eased
Europe: Natural gas prices dip amid supply recovery and new EU sanctions on Russia Read More »
According to data released by the National Institute for Statistics (INS), Romania imported 1.066 million tons of oil equivalent (toe) of natural gas in the first five months of 2025. This represents an increase of 61 percent, or 403,700 toe, compared to the same period in 2024. During the same time frame, domestic natural gas
Romania sees surge in natural gas imports in early 2025, but long-term decline expected Read More »
During the third week of July, Brent oil futures for the Front Month on the ICE market declined in most sessions. The exception was Thursday, July 17, when the settlement price increased by 1.5% from the previous day, reaching the week’s highest price of $69.52 per barrel. The lowest settlement price of the week was
Europe: Brent oil and CO₂ futures dip while TTF gas prices stay stable Read More »
According to data from the National Institute of Statistics (INS), Romania’s natural gas distribution network totaled 50,972.4 kilometers by the end of 2024. Of this, 26,558 kilometers were located in municipalities and urban centers. Over the course of the year, natural gas was delivered to 1,023 localities, including 255 officially designated cities and towns. The
