The Russian shareholders of Serbian oil company NIS have submitted a formal request to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) to extend the company’s operating license. The request comes amid ongoing talks with...
Serbia is accelerating efforts to diversify its natural gas supply and strengthen regional energy connectivity, following the successful completion of its interconnector with Bulgaria two years ago. The government now plans to build new gas interconnections with North Macedonia...
Serbia’s state-owned power utility EPS is continuing its hydropower modernization program, following upgrades at the Bajina Bašta, Zvornik, and Đerdap 1 plants. The next phase will focus on the Vlasina hydropower plants, with a reconstruction and modernization contract signed...
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