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MOL and Serbia agree key terms for NIS shareholder deal, refinery guarantees included

Negotiations over the future ownership structure of Serbia’s NIS have reached a major milestone, with Serbian authorities and Hungary’s MOL reportedly resolving all key...

MOL gets two-week extension for talks on GazpromNeft stake in Serbia’s NIS

MOL Group has received a two-week extension to continue negotiations with GazpromNeft regarding the possible acquisition of the Russian ownership stake in NIS. The...

Hungarian MOL Group and UAE’s ADNOC in Negotiations for Stake in Serbia’s NIS

The energy market in Central and Southeastern Europe is witnessing significant developments as Hungarian energy major MOL Group engages in negotiations to acquire a...

MOL and GazpromNeft’s Transaction Could Enhance NIS Supply Dynamics

Croatian Prime Minister Andrej Plenkovic has indicated that the forthcoming transaction between Hungarian energy company MOL and Russian firm GazpromNeft, involving the sale of...

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Slovenia net generation down 13% in August as imports increase

Slovenia’s net electricity generation fell 13% year on year in August to 919 GWh. Production was also 7% lower than in July. The month’s...

Serbia launches $600 million gas network modernisation with World Bank support

Serbia has secured a $600 million World Bank framework for a gas-system overhaul. The programme is planned as a decade-long modernisation of Serbia’s gas...

Bulgargaz obtains 10-year wholesale gas licence for Serbia

Bulgargaz, the Bulgarian state-owned gas supplier, has secured a 10-year wholesale gas licence in Serbia. The permit authorises the company to conduct commercial gas...

North Macedonia generation drops 22% in July as renewables rise

North Macedonia’s gross electricity generation declined 22.3% year on year to 460,035 MWh in July, even as hydro and wind output increased. The month’s...

MVM begins foundations for 1 GW combined-cycle plant at Tiszaujvaros

Hungarian state-owned utility MVM has started foundation work on a new 1,000 MW combined-cycle gas-fired power plant at the former Tisza II site in...