Fuel retailers in Serbia have significantly increased petroleum product imports to counter the effects of sanctions on the national oil company NIS. Tomislav Micovic, Secretary General of the Association of Oil Companies of Serbia, stated that companies had prepared in advance to secure supplies and maintain stability in the domestic fuel market. He noted that […]
State-owned power utility EPS has announced that 2025 is set to record the lowest hydropower generation in the company’s history, as a result of two consecutive years of severe drought. The decline is linked to significantly reduced precipitation across the Danube and Drina river basins. Over the past 18 months, rainfall and snowfall have been
Serbia: EPS expects record-low hydropower generation in 2025 due to prolonged drought Read More »
Serbian oil company NIS has announced that it has not yet received a Special License from the US Treasury Department, which would allow its operations to continue without restrictions. Despite this, the company confirmed that it holds sufficient crude oil reserves for refining and is maintaining uninterrupted deliveries of all fuel types to its petrol
The Turkish energy company GridFlex plans to invest 17 million euros in a new electricity storage facility near Leskovac, local authorities announced following a meeting between Mayor Goran Cvetanović and company representatives. GridFlex specializes in container-based battery storage systems aimed at improving network flexibility, supporting the integration of new energy sources, and contributing to the
Serbian oil company NIS has submitted an updated request to US authorities seeking another extension of the suspension of sanctions. The company’s current authorization, which allows it to continue operations despite the restrictions, is set to expire on 8 October. NIS is requesting a new license to maintain its activities beyond that date. The sanctions
Serbian oil company NIS seeks new extension of US sanctions suspension Read More »
Serbian electricity transmission operator EMS has commissioned the Institute of Architecture and Urban Planning of Serbia to prepare the spatial plan for the Central-Balkan Corridor, a major project designed to increase transmission capacity on the Serbian-Bulgarian border and establish a 400 kV east-west link to replace the existing 220 kV network. The first stage includes
The Council of Ministers has approved revised conditions for a state-guaranteed loan supporting the construction of the Bulgaria–Serbia gas interconnection. The financing agreement, valued at nearly 50 million euros, was originally signed on January 25, 2023, between gas transmission operator Bulgartransgaz and ING Group. Due to improved market conditions, Bulgaria’s anticipated entry into the Eurozone,
Region: Bulgaria lowers loan interest for gas interconnection project with Serbia Read More »
As US sanctions targeting Serbian Russian-owned oil company NIS approach their 8 October enforcement date, Russian negotiators have put forward several proposals aimed at avoiding restrictions, according to Serbian media reports. One proposal reportedly involves transferring the 11.3 percent stake in NIS, recently moved by Gazprom to its subsidiary Intelligence, to an American company. This
In September 2025, a total of 457,625 MWh of electricity was traded on the day-ahead market of the Serbian energy exchange SEEPEX, marking a 4.3 percent decrease compared to August, with an average of 15,254.2 MWh per day. Trading volumes were also 9.9 percent lower than in the same month of the previous year. The
Serbia’s Spatial and Urban Planning Agency has announced a public review for the proposed urban and architectural plan to convert the Kolubara A thermal power plant into a solar energy facility. The project involves decommissioning the existing ash, slag, and coal landfills to prepare the site for renewable energy infrastructure. The concept was developed by
