The Agency for the Cooperation of Energy Regulators (ACER) has released a report highlighting recent changes in the European LNG market and offering strategies to manage risks related to fluctuating prices and supply. With uncertainty surrounding the EU’s climate goals, future gas consumption remains unclear. LNG demand could vary by up to 90 billion cubic […]
Hedge fund Elliott Investment Management is considering acquiring Bulgarian infrastructure assets, including a key section of the TurkStream gas pipeline, which is currently Russia’s only active gas route to Europe. The fund is also interested in related infrastructure such as data centers, cables, and other facilities linked to the pipeline. Although discussions remain preliminary, Elliott
During the third week of May, Brent crude oil futures for the Front Month on the ICE market consistently settled above $65 per barrel in most trading sessions. The highest settlement price of the week was recorded on Tuesday, May 13, at $66.63 per barrel—the highest level since April 26. However, prices began to decline
Dušan Bajatović, General Director of Srbijagas, announced that negotiations with Russia over a new gas supply agreement will resume next week. With the current arrangement set to expire on 31 May, discussions are focused primarily on determining the duration of the new contract. According to Bajatović, preliminary talks took place during President Aleksandar Vučić’s recent
Serbia and Russia to resume gas contract talks as current agreement nears expiry Read More »
Gastrade, the operator of the Alexandroupoli LNG terminal, has announced that regasification services have been suspended since late January due to a technical malfunction. The issue was caused by damage to the booster pumps on the Floating Storage and Regasification Unit (FSRU). The company has undertaken extensive repairs to resolve the problem. Repair efforts have
Slovenian gas company Geoplin and Algeria’s Sonatrach have extended their natural gas supply agreement by two years. The renewed contract was signed during Algerian President Abdelmadjid Tebboune’s visit to Slovenia. Geoplin, part of the Petrol group, stated that the extension ensures a stable gas supply for Slovenia in the coming years. The deal guarantees uninterrupted
Following official discussions between the Presidents of Serbia and Russia in Moscow, representatives from Srbijagas and Gazprom have resumed negotiations to finalize a new gas supply agreement, with the current contract set to expire at the end of May. Dusan Bajatovic, General Director of Srbijagas, stated that the new agreement could last for up to
Serbia and Russia move closer to finalizing new gas supply agreement Read More »
Bosnia and Herzegovina (BiH) owes Russia $104.8 million in gas debt, according to the BiH Ministry of Finance and Treasury. This amount includes $22.7 million of pre-war debt and $82.1 million accumulated during the 1992–1995 war. A commission was formed in 2006 to determine the exact amount of debt owed for gas deliveries, covering the
Bosnia and Herzegovina’s gas debt to Russia: Background and ongoing dispute Read More »
In Week 19 of 2025, TTF gas futures experienced a significant rally, rising by 5.5%—the largest daily increase since mid-March. This surge was mainly driven by the European Union’s newly unveiled plan to completely phase out Russian gas imports by the end of 2027. The policy includes the termination of long-term contracts for Russian gas
The Neptun Deep gas project, developed by OMV Petrom and Romgaz, is progressing despite legal challenges from the environmental NGO Greenpeace, according to Romanian Energy Minister Sebastian Burduja. The Bucharest Court recently ruled in favor of the project developers, dismissing Greenpeace’s lawsuit and ordering the NGO to pay compensation to Romgaz and OMV Petrom. Minister
Romania: Court rules in favor of Neptun Deep gas project, rejecting Greenpeace lawsuit Read More »
