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Europe starts winter withdrawals with 842 TWh of gas in storage

Europe entered the winter withdrawal season with storage about 74% full, or roughly 842 TWh. The smaller buffer leaves less room to absorb prolonged cold, weak wind generation or disrupted LNG deliveries.

Europe storage at 72% raises reliance on LNG supply for winter demand

EU inventories and starting position EU gas storage stood at approximately 811 TWh, or 74 billion cubic metres, on October 1, based on figures attributed...

Transgaz considers equity role in Argent LNG export project at Port Fourchon

Romanian gas transmission operator Transgaz is considering an equity investment in US developer Argent LNG, a potential step beyond its traditional pipeline-operator role. The...

Romania’s Neptun Deep turns the Black Sea into SEE’s next gas supply anchor

Romania’s Neptun Deep project is becoming the most important upstream gas development in south-east Europe. Developed by OMV Petrom as operator and Romgaz as partner, the Black Sea project carries...

Europe’s Gas Supply Landscape Transformed by LNG Growth

The landscape of Europe’s gas supply is undergoing a significant transformation as liquefied natural gas (LNG) increasingly supplants traditional pipeline sources. This evolution, particularly...

Serbia’s gas future: Supply routes, market fragility, pricing exposure and the transition toward a new regional gas order

Natural gas has become Serbia’s most strategically sensitive energy input, not because of its scale—Serbia consumes far less gas than major European markets—but because...

Latest news

BHP moves to end options on eight Serbian exploration licences

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 proposes nearly C$4.1 million for 9.9% Mundoro stake

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 secures commitments for about EUR1.45 million Serbia placement

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 weighs up to 1 GW complex in Bulgaria

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.

JANAF halts Croatian crude flows after estimated 500 cubic metre spill

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.