gas

After Russian gas: Who wins Serbia’s electrification shift?

For more than two decades, Serbia’s energy model rested on a simple premise: that natural gas would remain a stable, reasonably priced and geopolitically reliable cornerstone of the country’s heating, industrial processing and urban energy landscapes. The assumption was rooted in geography and politics. Russia supplied the gas, Serbia built the pipelines, and households and […]

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European energy markets: Brent and TTF gas prices fluctuate amid Ukraine talks, CO₂ futures stay below €85/t

In the first week of December, Brent oil Front Month futures on the ICE market reached their weekly minimum settlement price of $62.45/bbl on Tuesday, December 2, the lowest level since October 22. Prices then recovered, with the weekly maximum hitting $63.75/bbl on Friday, December 5, 0.9% higher than the previous Friday. After a 2.0%

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Romania: OMV Petrom advances Neptun Deep exploration with new Anaconda-1 offshore well

OMV Petrom has launched the environmental approval process for a new offshore exploration well in the Neptun Deep block, aiming to determine whether additional gas deposits exist beyond the roughly 100 billion cubic meters already confirmed through earlier drilling at Pelican Sud and Domino. Together with state-owned Romgaz, OMV Petrom holds the concession for the

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Turkey steps in as key guarantor of Russian gas flows to Hungary amid geopolitical strains

Hungarian Prime Minister Viktor Orbán announced that Turkey has agreed to safeguard the transit of Russian natural gas to Hungary. The commitment was reached following talks in Istanbul and revealed during a joint press appearance with President Recep Tayyip Erdoğan. Hungary continues to rely heavily on Russian energy supplies despite ongoing geopolitical tensions related to

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Regional gas geopolitics: Hungary, Bulgaria, Romania, and Serbia in the new European gas map

The transformation of Europe’s gas landscape is redrawing the political and commercial map of Southeast Europe. In the span of just a few years, the region has shifted from a single-supplier, pipeline-dominated system to a multi-entry, LNG-influenced, competition-driven gas architecture. This transformation has profound implications for Serbia, a country positioned between Hungary, Bulgaria and Romania—three

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Gas-to-power and the balancing future of Serbia’s electricity system

As Serbia accelerates its shift toward renewable energy, natural gas is becoming a decisive factor in stabilising a system where wind, solar and hydropower interact with unpredictable patterns. Gas-to-power capacity—flexible gas-fired power plants capable of rapid ramping—will determine how smoothly Serbia can transition away from coal while ensuring system reliability. In a region where electricity

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LNG in the Balkans: How global gas markets could redefine Serbia’s energy strategy

The rise of liquefied natural gas from a niche commodity to the dominant balancing force in global energy markets has reshaped Europe’s gas landscape. Nowhere is this transformation more significant than in the Balkans, where countries once fully dependent on pipeline gas from a single supplier are suddenly exposed to new pricing mechanisms, new geopolitical

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The economics of storage expansion: Strategic reserves, LNG integration and balancing power markets in Serbia

At the heart of Serbia’s gas vulnerability lies a simple structural fact: the country does not have enough storage to survive prolonged supply shocks or to fully participate in the new European gas economy. Storage is no longer merely an infrastructural asset; it is a financial instrument, a geopolitical buffer and the cornerstone of any

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Serbia’s gas future: Supply routes, market fragility, pricing exposure and the transition toward a new regional gas order

Natural gas has become Serbia’s most strategically sensitive energy input, not because of its scale—Serbia consumes far less gas than major European markets—but because of the country’s structural exposure to a single supplier, a single route, and a gas system deeply entangled with geopolitical pressures. What Serbia lacks in volume, it compensates with vulnerability. The

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