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Carlyle Lukoil refinery assets await U.S. clearance for sale talks

Carlyle’s proposed acquisition of Lukoil-related refining assets is awaiting final U.S. clearance, with the ownership of major European refineries still unresolved. The deal includes...

NIS receives temporary US sanctions waiver through September 30 for Pančevo operations

The latest U.S. Treasury licence extends a sanctions authorisation for NIS through Sept. 30, replacing an authorisation due to expire on Aug. 28. The...

Serbia readies emergency fuel steps and Hungary-Novi Sad crude pipeline plan

Serbia is preparing emergency fuel-supply measures while advancing a longer-term crude pipeline from Hungary, amid uncertainty over whether the US Office of Foreign Assets...

US Treasury extends authorization for Lukoil international asset disposal until 19 September 2026

Lukoil has been granted additional time to negotiate the disposal of its international business after the US Treasury extended the relevant authorization until 19...

NIS faces 28 August 2026 US licence expiry amid unresolved ownership talks

NIS has entered another critical period as the deadline attached to its current US sanctions licence approaches. The issue extends beyond whether MOL or...

NIS requests new US special licence beyond 31 July amid ownership talks

NIS has asked the US Office of Foreign Assets Control for a new special licence to keep the company operating after its current authorisation...

Latest news

SEE power markets remain exposed to gas supply risks ahead of winter

Southeast European power markets entered the final part of September with lower electricity demand and sharply reduced gas-fired generation, while exposure to gas supply...

Italy and Croatia see higher LNG inflows as Greek receipts decline

LNG inflows increased in Italy and Croatia during the week to 20 September, adding to imported gas availability as European markets prepared for the...

Croatia’s renewable output plunges as hydro gains fail to offset rising power imports

Croatia recorded a 54.3% decline in variable renewable generation in the week to 20 September, marking one of the steepest drops in the region,...

SEE wind and solar output falls faster than electricity demand

Southeast Europe’s variable renewable electricity generation declined faster than power demand in the week ending 20 September, limiting the downward pressure on electricity prices...

SEE gas-fired power generation drops 13.6% as coal output edges higher

Gas-fired electricity generation across the Southeast European markets covered fell 13.60% in the week ending 20 September, declining at more than twice the rate...