Weekly energy market update:...

Brent oil futures for the Front Month on the ICE market reached their...

Europe: Electricity prices stable...

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Region: North Macedonia begins construction on Greece gas interconnector

North Macedonia has started building its portion of the natural gas interconnector with Greece, a project valued at around 60 million euros. The new pipeline will cover approximately 66.7 kilometers across North Macedonian territory and is expected to initially transport 1.5 billion cubic meters of gas annually. Its design allows for future capacity doubling, strengthening the country’s position as a regional energy transit hub.

The project is financed through a mix of loans from the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), along with a grant from the Western Balkans Investment Framework (WBIF), reflecting strong EU backing for regional energy integration.

In May, state-owned gas operator Nomagas awarded the construction contract to local firm Rapid Build. The pipeline is scheduled to be completed within 34 months of the contract signing.

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