gas

Natural gas market and energy security In Southeast Europe: From import dependence to strategic optionality

The evolution of the natural gas market in Southeast Europe has become one of the most consequential structural themes in the region’s broader energy transition and industrial competitiveness debate. Unlike electricity, where SEE countries possess significant domestic generation capacity through hydro, coal, nuclear in Bulgaria, and increasingly renewables, gas has historically been the system’s weakest […]

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Europe: TTF gas prices stable in Week 02 of 2026 amid winter demand and LNG market dynamics

In Week 02 of 2026, TTF gas prices in Europe exhibited modest intraday volatility, with the highest settlement occurring on January 7 and generally stabilizing around €28/MWh. February 2026 futures on the ICE market fluctuated between −3.7% and +2.5%, resulting in a weekly average of €28.06/MWh, slightly lower than the previous week (−0.7%). Prices opened

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Croatia: Gas storage runs low after winter cold and Krk LNG shutdown

Croatia’s main underground gas storage facility entered mid-January with stock levels well below the seasonal norm, the result of a harsh winter and last autumn’s temporary shutdown of the Krk LNG terminal. Heavy snowfall and prolonged sub-zero temperatures accelerated withdrawals from the Okoli storage site, leaving it less filled than both last year and the

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Montenegro explores gas-fired power expansion with EPCG feasibility study

Montenegrin state-owned utility EPCG has completed a comprehensive feasibility study evaluating the potential construction of gas-fired power plants at several sites across the country. The study considers generation capacities ranging from 50 MW up to 400 MW, with candidate locations identified in Bar, Podgorica, Pljevlja, and Niksic. Prepared by SS&A Power Consultancy, the analysis concludes

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Europe: Gas reserves decline rapidly as winter drives record withdrawals

Europe’s underground gas reserves have been declining rapidly as winter conditions intensify across the continent. As of 9 January, storage sites held approximately 56.3 billion cubic meters of gas, equal to around 55.5% of total capacity, according to Gas Infrastructure Europe. Storage levels in several major markets were already well below the European average at

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Romania ends winter with ample gas reserves, price caps set to be removed without consumer shock

Romania is approaching the end of an unusually cold winter with ample natural gas reserves and no immediate risk of price shocks, according to Energy Minister Bogdan Ivan. He stated that current supply levels are sufficient to meet domestic demand, and the upcoming removal of gas price caps is not expected to raise consumer bills.

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Region: Vertical Gas Corridor faces renewed uncertainty as capacity auctions risk collapse

Plans to reinforce gas flows from southern Europe toward Ukraine are once again slipping into uncertainty, as upcoming capacity auctions along the Vertical Gas Corridor may attract no bidders. Officials are warning that market interest could once more evaporate, echoing the failure seen late last year and reopening questions about the project’s overall commercial viability.

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Europe: Geopolitical tensions lift brent above $60 while CO₂ prices hit new highs

During the second week of January, Brent front-month futures remained above $60/bbl for almost the entire period, except on January 7, when they fell to their weekly minimum of $59.96/bbl. Prices strengthened toward the end of the week, and on Friday, January 9, they reached a weekly maximum of $63.34/bbl, which was 4.3% higher than

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Serbia: Vojvodina expands biogas capacity with new 1 MW plant in Plandiste

The development of biogas electricity generation in Vojvodina is gaining further momentum, as newly issued permits indicate additional capacity coming online this year. In the municipality of Plandiste, local authorities have approved the initial construction stages of a biogas power plant with an installed capacity of 1 MW, highlighting the area’s growing importance in renewable

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Industrial gas prices in 2025 in South-East Europe: Serbia versus Hungary, Romania, Bulgaria, Croatia and Greece (€/MWh)

In 2025, natural gas pricing for heavy industry across South-East Europe was shaped far less by daily hub quotations and far more by structural access, contract indexation and security premiums. While wholesale European gas prices stabilised compared with the extreme volatility of 2022–2023, the delivered price paid by energy-intensive industry continued to diverge sharply across

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