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MOL-NIS talks continue as Serbia advances Pančevo and Serbia–Hungary pipeline plans

Serbia remains committed to keeping NIS under its control as negotiations involving MOL Group progress, Mining and Energy Minister Dubravka Đedović said. She added...

Serbia’s Urgent Negotiations with MOL Ahead of OFAC Deadline for NIS Stake Sale

As the deadline imposed by the U.S. Office of Foreign Assets Control (OFAC) approaches, Serbia is engaged in critical negotiations regarding the ownership structure...

MOL Group to Construct Biomethane Production Unit in Hungary

MOL Group is set to enhance its renewable gas portfolio in Hungary with the establishment of a new biomethane production unit at its Szarvas...

Hungary: MOL Group Reports 61% Drop in Q1 2026 Profit Amid Supply Challenges

In the first quarter of 2026, MOL Group, a prominent Hungarian energy company, reported a pre-tax profit of $212 million, reflecting a significant 61%...

US Court Confirms $286 Million Arbitration Award Against Croatia in MOL Group Case

The ongoing legal battle between Croatia and MOL Group has reached a significant milestone as a federal court in Washington upheld a substantial arbitration...

SOCAR’s Potential Acquisition of NIS Signals Shift in Southeast Europe’s Energy Landscape

The potential acquisition of Naftna Industrija Srbije (NIS) by the State Oil Company of Azerbaijan Republic (SOCAR) represents a significant turning point in the...

Latest news

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...