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 […]
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 […]
Romania wants to take control of Lukoil’s operations to prevent an imminent freeze from the sanctions imposed by the United States. Bulgaria is already putting the Russian company’s refinery, the largest in the Balkans, under a trusteeship. Serbia announced that similar measures have been proposed to exempt Gazprom-owned NIS and its refinery, the only one […]
The United States Department of the Treasury said it wouldn’t allow Gunvor to “operate and profit,” calling it “the Kremlin’s puppet.” The energy trader responded that the statement is “fundamentally misinformed and false,” but it withdrew its proposal for Lukoil’s international assets. For a minute it seemed that a potential fuel crisis in Europe – […]
The European Union Agency for the Cooperation of Energy Regulators (ACER) is warning of signs of manipulation in Greece’s day-ahead electricity market (DAM) registered during the summer of 2024. The region of Southeastern Europe experienced several months of high electricity prices, with average monthly levels close to EUR 200 per MWh in the case of […]
The European Union’s proposed measures to phase out imports of Russian oil and gas would destroy Hungary’s security of supply, according to Minister of Foreign Affairs and Trade Péter Szijjártó, who spoke at the meeting of energy ministers in Luxembourg. Slovakia is in a similar situation, while Romania pointed to the difficulty of proving the […]
The European Union is connecting Serbia to its energy market, and it is the true guarantee that Serbian families will be safe and warm in winter, European Commission President Ursula von der Leyen said in Belgrade. She expressed preparedness to invest further in the country’s gas interconnector with Bulgaria. In her speech during the visit […]
Serbia is in a very difficult situation because, as of January 1, 2026, it won’t be able to receive Russian natural gas via Bulgaria, according to the Ministry of Mining and Energy. Serbia receives natural gas from Russia via the Balkan Stream. The pipeline is an extension of TurkStream that passes through Bulgaria and Serbia. Bosnia […]