At the World Economic Forum (WEF) in Davos, China reiterated its commitment to green development, in contrast to the United States, whose secretary of commerce said America should rely on oil and gas instead of pursuing a green transition and criticized the European Union’s (EU) net-zero target. US President Donald Trump, for his part, described […]
The government passed the draft Strategy for the Management of Mineral and Other Geological Resources of the Republic of Serbia for the period from 2025 to 2040, with projections until 2050, so the National Assembly is required to put it to vote. With full appreciation of economic, environmental and social aspects, the implementation needs to […]
Croatian oil pipeline operator JANAF said it received a license from the United States and that it is prepared to resume supply to NIS. The Serbian company, controlled by Russian state-owned Gazprom, came under American sanctions and ceased fuel production a month ago. Serbian officials announced that the Office of Foreign Assets Control of the […]
The management of the Brestanica gas power plant in Slovenia has decided to diversify its activities by installing a battery energy storage system (BESS) of 40 MW in operating power and 80 MWh in capacity. The project follows the construction of a ground-mounted solar power plant on the facility’s premises and photovoltaic units on roofs […]
Amid chronic delays in the projects for offshore gas and the Great Sea Interconnector and Turkey’s warnings, the leaders of Israel, Greece and Cyprus said after a trilateral summit that they would safeguard their sea lanes and critical infrastructure against emerging threats. Prime Minister of Israel Benjamin Netanyahu, Prime Minister of Greece Kyriakos Mitsotakis and […]
The European Commission has proposed a new Automotive Package that aims to give carmakers greater flexibility in meeting emissions reduction requirements. The new rules would lower the emissions cut target from 100% to 90%, allowing the sale of hybrid and internal combustion vehicles after 2035. From 2035 onwards, carmakers will need to comply with a […]
Facing an imminent halt of the Gazprom-owned Serbian oil company NIS due to US sanctions, President Aleksandar Vučić met with EU leaders António Costa and Ursula von der Leyen in Brussels. “I don’t have such a strong fear regarding gas as I do about oil,” he revealed and said they spoke about the possibilities for […]
Hungary acknowledged that state-controlled oil and gas company MOL is in discussions aimed at exploring the possibility of acquiring a stake in NIS. Based in neighboring Serbia, the oil refiner and service station chain operator is under sanctions that the United States imposed on its owner, Russian Gazprom Neft. Gergely Gulyás, chief of staff of […]
The United Nations Climate Change Conference COP30 was concluded with a deal to keep the world’s ambitions similar, after modest progress on some issues. In a last-minute compromise between the delegates of the wealthy, the poor and the countries most in jeopardy, the declaration from the so-called COP of Truth contains no explicit reference to […]
Unless the rules are refined for the electricity sector, the Carbon Border Adjustment Mechanism (CBAM) risks undermining the European electricity market integration and security of supply, Brussels-based think tank Bruegel warned. Bruegel has analyzed the impacts of the application of CBAM, set for January 1, 2026. The tax will apply to steel, cement, iron, aluminium, fertilizers, […]
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