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 annual construction plan for energy projects for 2025 envisages the installation of power plants with a capacity of 1,265 MW, according to Minister of Energy, Mining and Mineral Resources Sanja Božinovska. North Macedonia has introduced an annual construction plan for the energy projects with the new Law on Energy, adopted this year. The goal […]
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 European Commission presented the European Grids Package, a comprehensive plan to modernise transmission infrastructure, accelerate permitting procedures, and overcome bottlenecks in Europe’s electricity networks. It also unveiled the Energy Highways initiative, which consists of eight major infrastructure projects critical for energy security, renewable energy integration, and cross-border electricity market connectivity. Energy infrastructure is the […]
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 […]
Montenegro is facing its most challenging year for the energy sector, Minister of Energy and Mining Admir Šahmanović stressed. State-owned power utility Elektroprivreda Crne Gore (EPCG) will suffer a loss of around EUR 80 million given that the Pljevlja coal power plant is offline, while electricity consumption is rising amid increases in prices of other […]
Serbia’s state-owned power utility Elektroprivreda Srbije put the 66 MW Kostolac wind farm into trial operation. The construction of Kostolac is complete, and Elektroprivreda Srbije’s (EPS) first wind farm has generated its first megawatt-hours, EPS announced. Upon receiving approval for connecting to the transmission system, the substation was energized and the blades of wind turbine […]
As the United States, which imposed sanctions on Serbian oil company NIS, rejected a proposition for a change in management, difficult decisions are ahead, according to Minister of Mining and Energy Dubravka Đedović Handanović. The government in Belgrade is holding an emergency meeting tomorrow, she added and pointed out that it needs to decide whether […]
Potential European and Asian investors will speak about a takeover with Russian owners of Serbian oil refiner and service station chain operator NIS, President of Serbia Aleksandar Vučić said. If the talks fail, Serbia “should offer a better price… whatever it costs” to avoid “nationalization, confiscation and property usurpation,” he stressed, but also warned that […]
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