Europe’s supply exposure is increasingly concentrated in diesel and gasoil, whose high delivered costs may persist even if crude prices ease. The IEA reported lower global diesel exports in September than a year earlier.
The licence extension allows Serbia’s only crude-oil refinery to continue operating, but leaves the country exposed to Russian gas supply and sanctions-related risks.
Romania is expanding Black Sea gas production while adding utility-scale solar and battery storage. Neptun Deep could nearly double domestic gas output and create export capacity for neighbouring markets.
Belgrade district-heating utility Beogradske Elektrane has launched a tender for exploratory geothermal drilling at its New Belgrade and Miljakovac heating plants, marking a move...
Serbian Minister of Finance Sinisa Mali and Minister of Mining and Energy Dubravka Djedovic Handanović have signed agreements that complete the financing for the...
Bulgarian caretaker government has annulled a decree and decisions with which the State, acting through the Energy Minister, was to acquire debts of Toplofikatsia Sofia to...
Through a project worth 40.5 million euros, ten towns and municipalities will switch to the use of renewable energy sources in their district heating...
Montenegrin state-owned power utility EPCG signed a contract with the Public Works Administration on the construction of district heating system in the city of...
BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.
Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.
Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.
European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.
Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.