Bulgaria’s transmission system operator ESO has invested more than 182 million euros in network modernisation since the start of 2026. The work includes construction and reconstruction of more than 120 kilometres of transmission lines.
Bosnia and Herzegovina’s Southern Interconnection is held up by disputed state property and disagreements over project implementation. While a former BH-Gas director says completion before 2030 looks unlikely, EU-backed efficiency financing is moving through a local bank.
OFAC has authorized MOL and MOL Serbia to continue preparatory work for a potential acquisition of the Russian-held stake in NIS until February 28, 2027. A separate US authorization is still required to transfer ownership.
Bosnia and Herzegovina’s transmission operator will use the approved financing to install four variable shunt reactors at selected substations. The equipment is intended to improve voltage control as renewable generation adds more variable power flows to the grid.
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Diesel supply and prices across Southeast Europe depend on refinery performance and the routes available to move replacement fuel. Disruptions can redirect trade and raise costs across borders.
Energy markets are often portrayed as arenas where prices are discovered on exchanges, driven by transparent bids and offers. In reality, particularly during periods...
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.