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 […]
Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó said Serbia can count on an increase in supply of oil and fuel from MOL, as NIS is now under US sanctions. However, it cannot fully replace the volume that was coming through Croatia, he warned and stressed that it shows the risk of depending […]
Minister of Economy Ante Šušnjar has said that Croatia is prepared to acquire Russian-owned oil company NIS in Serbia, which came under US sanctions today. Croatian state-owned oil pipeline operator Jadranski naftovod (JANAF) relies heavily on deliveries to NIS, and Šušnjar believes the acquisition would benefit both Croatia and Serbia. The US sanctions against the […]
For NIS in Serbia, doing business will become exceptionally difficult from tomorrow, when the United States imposes sanctions, starting with payment systems. The same goes for any enterprise cooperating with the oil refiner and distributor, majority owned by Russia’s Gazprom Neft and another firm controlled by Gazprom. Nine months after the US announced sanctions against […]
With approval from the Government of Montenegro, the Ministry of Energy and Mining issued a public call for the selection of a legal person that would conduct the obligatory marking of liquid fuel and biofuel in the Montenegrin market. The introduction of fuel marking is an important step in the fight against the gray economy […]
Minister of Energy Bogdan Ivan claims that energy poverty or even blackouts could hit Romania if it proceeds with the closure of coal plants. Namely, the gas power projects for replacing them are suffering severe delays. The European Commission has become flexible for the first time in the last four years, said Romania’s Minister of […]
Greenpeace Bulgaria and Za Zemiata (For the Earth) said they would file a complaint today with the European Commission over repeated failures by Bulgarian authorities to enforce the European Union’s environmental law at four coal plants. They expressed the view that institutions are prioritizing financial interests over public health and the environment. Environmental organizations Greenpeace […]
Renewable energy sources continued to rank first in Greece’s electricity mix despite significant curtailments in the first half of 2025, which more than doubled against the same period a year earlier. At the same time, gas-fired power generation hit a 10-year high, while coal’s share in covering domestic demand fell to the lowest level in […]
In the first half of 2025, wholesale electricity prices in the European Union were about 30% higher than in same period of 2024, while a 40% increase was recorded in the United States. The penetration of negative prices in the EU continues, with their share doubling in H1 2025, according to the latest report of […]
The fossil fuel age is crumbling, according to UN Secretary-General António Guterres. Renewables maintained their cost leadership in global power markets, the International Renewable Energy Agency said in an annual report. In 2024, onshore wind farms were the cheapest of all versus the lowest-cost fossil fuel alternatives, by 53% on average, while photovoltaic systems were […]