gas

Albania launches licensing process for Fier 170 MW gas-fired power plant

The Albanian Energy Regulatory Authority (ERE) has initiated the formal licensing process for Fier Thermoelectric, a company established by the Greek gas firm DEPA Trade. The license concerns the development of a new 170 MW gas-fired thermal power plant near the city of Fier in southwestern Albania. As part of the regulatory procedure, ERE has […]

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Serbia advances energy integration with EU through strategic gas projects and market reforms

Serbia is making significant progress in developing its energy infrastructure as part of a broader strategy to align with the European Union’s energy market. A key step in this process is the ongoing development of a gas interconnector with North Macedonia. Funded by the EU, the feasibility study for this pipeline is expected to be

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Europe: Fossil fuel and carbon markets rise in early June amid supply concerns and maintenance impacts

Brent oil futures for the Front Month in the ICE market recorded their lowest settlement price of the week, $64.63 per barrel, on Monday, June 2. Prices increased during most sessions throughout the first week of June, reaching a weekly high of $66.47 per barrel on Friday, June 6. This value was 4.0% higher than

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Serbia advances energy security with new gas pipelines and oil supply diversification

Serbia plans to build two new gas pipelines over the next three years, connecting the country to North Macedonia and Romania. These projects, supported by the European Union, aim to strengthen Serbia’s energy network and diversify its gas supply routes. The pipeline to North Macedonia will link Serbia to the Trans-Anatolian (TAP) pipeline, providing access

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Greece plans capacity market to support gas plants amid renewable shift

The Greek Government is considering the introduction of a capacity market aimed at supporting natural gas-fired power plants. This initiative is part of a broader strategy to maintain the economic viability of these facilities as the country accelerates its shift toward renewable energy sources. As solar and wind increasingly dominate daily electricity production, the need

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Europe: EU set to cut natural gas imports by 25% by 2030 driven by renewables and efficiency

A recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) projects that the European Union could reduce its total imports of natural gas and liquefied natural gas (LNG) by 25% between 2024 and 2030. This forecast is driven by a continuing decline in gas consumption, fueled by the EU’s increasing adoption of

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Europe: Gas market sees fluctuations amid Norwegian supply cuts and Russian-Serbian agreement

In the fifth week of May 2025, TTF gas futures on the ICE market for June delivery were lower compared to the previous week, averaging around €36/MWh. On Monday, May 26, TTF gas futures reached their highest settlement price of the week at €37.369/MWh, which was 2.5% higher than the last session of the previous

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