Croatian oil company INA has commenced production at its Jamarice-183 well, located in the Jamarice exploitation field around 100 kilometers southeast of Zagreb. Since mid-July, the well has been producing approximately 33,500 cubic meters of natural gas per day, representing a notable boost to INA’s upstream operations. Drilled in 2022 to a depth of 2,079 […]
Greece has reaffirmed its determination to eliminate dependence on Russian natural gas, which still made up 43.7 percent of its gas imports in the first half of 2025. However, Athens has set three firm conditions: energy prices for consumers must not rise, there must be no pathway for Russian gas to reenter the European Union
Deputy Prime Minister and Minister of Infrastructure and Energy, Belinda Balluku, has announced the launch of the second round of internships for students specializing in oil and gas, offering them the opportunity to join the state-owned company Alpetrol. “In 2024, the Ministry of Infrastructure, in cooperation with Alpetrol, initiated a new project aimed at young
Albania launches second internship call to boost youth employment in oil and gas sector Read More »
By the end of 2025, Greece is set to commission three significant gas infrastructure projects that will strengthen its position as an energy hub in southeastern Europe. According to DESFA, the country’s natural gas transmission system operator, two new compressor stations located in Komotini and Ampelia, along with a high-pressure pipeline serving western Macedonia, will
The Ministry of Mining and Energy has announced that the expansion of the Banatski Dvor underground gas storage facility will be completed by 31 December 2026. The project will increase the facility’s capacity from the current 450 million cubic meters to 750 million cubic meters, enhancing Serbia’s ability to store surplus gas during summer months
Serbia: Banatski Dvor gas storage expansion set for completion by end of 2026 Read More »
Slovak Prime Minister Robert Fico has stated that Slovakia will only lift its veto on the European Union’s eighteenth sanctions package against Russia if the bloc agrees to let Slovakia continue purchasing Russian gas through 2034. He criticized the European Commission’s plan to end Russian gas imports after 1 January 2028 as unrealistic and called
Europe: Slovakia ties support for EU sanctions on Russia to long-term gas deal extension Read More »
In Week 28 of 2025, European gas prices increased, with TTF gas futures trading between €32 and €35/MWh. The average weekly price reached €34.575/MWh, up 3.3% from the previous week. Prices peaked at €35.56/MWh on July 11. Supply from Norway and LNG remained stable, while demand in Europe declined due to milder temperatures and weakening
Europe: Gas prices rise in Week 28 amid stable supply and growing Asian demand Read More »
Romanian Minister of Energy Bogdan Ivan has announced the completion of the 308-kilometer Tuzla–Podisor gas pipeline. This new pipeline will transport natural gas from the offshore Neptun Deep field directly into Romania’s gas network and continue through the BRHA corridor to Hungary, Austria, and other neighboring countries. With an annual capacity exceeding 8 billion cubic
A local consortium led by Monter-Strojarske Montaže has established itself as the leading contractor in Plinacro’s €530 million gas pipeline project, which will connect the LNG terminal on the island of Krk with Croatia’s mainland gas network and extend toward Hungary and Slovenia. The pipeline is divided into four segments, and Monter and its partners
Croatia: Monter-led consortium secures majority of Krk LNG pipeline contracts Read More »
During the second week of July, Brent oil futures for the Front Month on the ICE market generally followed an upward trend. The exception was Thursday, July 10, when the settlement price dropped by 2.2% from the previous day, reaching the week’s lowest settlement price of $68.64 per barrel. However, on Friday, July 11, prices
