serbia

Serbia’s power system adequacy as a regional stability anchor in South-East Europe

Serbia enters the 2025–2027 period with a power system profile that is increasingly atypical within South-East Europe. While much of the region is navigating tightening reserve margins, accelerated coal exits, fuel supply volatility, and rising dependence on cross-border imports, Serbia remains one of the few systems whose seasonal adequacy is structurally intact under both reference […]

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Serbia seeks US approval to ensure NIS operations amid MOL acquisition talks

Serbia has taken formal steps to secure the continued operation of NIS amid ongoing negotiations over a potential ownership change involving GazpromNeft and Hungary’s MOL Group. Minister of Mining and Energy Dubravka Đedović confirmed that NIS has submitted a request to the US Office of Foreign Assets Control (OFAC) seeking permission to maintain normal business

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Hungary: MOL Group moves to acquire controlling stake in NIS, expanding regional energy footprint

Hungary’s MOL Group has taken a major step toward reshaping the energy landscape in central and southeastern Europe by reaching a binding preliminary agreement to acquire a 56.15% controlling stake in Serbian oil company NIS from Russian GazpromNeft. Once all conditions are met, MOL would assume dominant shareholder rights over the company. If finalized, the

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Serbia appoints Transportgas Srbija as national gas transmission operator, advancing sector reform

Serbia has taken another institutional step in restructuring its gas sector by formally designating a company to oversee and manage the country’s natural gas transmission system. The government confirmed the move at its most recent session, finalizing a process that has been ongoing for more than a year. Transportgas Srbija has been named the national

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Serbia: NIS sees major ownership shift as Russian stake sold to MOL

Serbian oil company NIS has entered a new ownership phase following months of US sanctions and negotiations over its shareholder structure. The Russian stake in the company has now been sold, marking a significant shift in control. The 56.15% share previously held by Russian interests has been transferred to Hungary’s MOL, making it the company’s

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Serbia: Pančevo refinery resumes operations after two-month shutdown

Fuel production has resumed at the Pančevo oil refinery in Serbia after an almost two-month shutdown, restoring a critical part of the country’s energy supply chain. According to Energy Minister Dubravka Djedovic, nearly 2,000 employees have returned to work, and eurodiesel supplies are expected to reach petrol stations from 27 January. The minister emphasized that

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Is EPS lagging behind regional power utilities? Execution, not ambition, is the core gap

When measured against its regional peers, Elektroprivreda Srbije (EPS) is increasingly lagging—not in stated ambition, but in execution speed, project scale, and repeatable delivery capacity. The contrast is clearest in renewables, flexibility, and grid-linked investments, where neighbouring utilities have moved from planning into multi-year construction cycles, while EPS is only beginning to transition from feasibility-heavy portfolios into first

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Serbia: EPS’s €3.6 billion investment plan reflects reduced ambition and uncertain execution

Serbia’s state-owned power utility Elektroprivreda Srbije (EPS) has revised the scale of its much-publicised investment programme, clarifying that the planned capital envelope amounts to €3.6 billion over the next three years. While the figure is far more realistic in macroeconomic terms, the underlying issue remains unchanged: the gap between announced investment plans and visible execution on the

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Serbia: MOL’s potential acquisition of NIS retail assets would not monopolize fuel market

Public debate in Serbia over the possible acquisition of Naftna Industrija Srbije (NIS) retail assets by Hungary’s MOL Group has intensified in recent weeks, with particular focus on whether such a transaction would concentrate too much power in the domestic fuel market. A closer look at market structure, legal thresholds, and the competitive landscape shows that fears

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Serbia’s gas system in 2026: Corridors, storage, market power and a quantitative outlook for 2026–2028

Serbia’s gas market is no longer a purely contractual story about volumes bought from one supplier and delivered through one route. It is becoming a system defined by three constraints that now dominate every economic outcome: how much gas Serbia can physically import through alternative corridors, how much it can withdraw from storage during winter

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