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SEE region: MOL launches new arbitration proceeding against Croatia

The Hungarian oil company MOL has launched a new arbitration proceeding against Croatia and is seeking compensation for damages caused by the government's anti-inflation...

Croatia: INA restarted fuel production in Rijeka refinery

Croatian oil and gas company INA announced that the fuel production at the Rijeka oil refinery has been gradually restarted following the completion of...

Croatia: MOL plans to build green hydrogen plant in Rijeka

Hungarian energy group MOL, the largest shareholder in Croatian oil and gas company INA, plans to build two green hydrogen plants - in Rijeka...

Romania: OMV Petrom and Romgaz need to develop a CCS capacity

The largest oil and gas companies in Romania, OMV Petrom and Romgaz, need to develop carbon capture and storage (CCS) capacities of 9 million...

Croatia: INA’s profit reached 250 million euros in 2023

Oil and gas company INA said that its consolidated net profit in 2023 remained the same as the previous year, at 250 million euros,...

Europe: Universities received 260 million euros from fossil fuel industry

Universities across Europe have accepted millions in funding from oil, gas and mining companies since 2016, despite many having pledged to reach net zero...

Latest news

EU recognition of Western Balkan renewable certificates could boost PPAs but not replace CBAM verification

Renewable generators in Serbia, Montenegro and other Energy Community markets could gain access to a broader European market for the environmental attributes of their...

EU reforms could restore multi-trader electricity exports while leaving contractual risks unresolved

European Union policymakers are considering changes that could make it easier for renewable electricity from neighbouring countries to qualify for actual-emissions treatment under CBAM....

Domestic industrial PPAs open new revenue opportunities for Serbian and Montenegrin renewables

Domestic industrial demand can support renewable investment and improve electricity cost predictability, but the carbon value of a power purchase agreement depends on the...

Montenegro’s electricity exporters need stronger PPAs to secure Italian market revenues

The Adriatic interconnector gives Montenegro's renewable generators access to Italian buyers, but investment returns depend on carbon treatment, delivery profiles and the fallback provisions...

Serbian renewable projects face new contractual challenges on the Hungary export corridor

Export PPAs can expand market access for wind and solar projects, but the revenue ultimately reaching developers depends on delivery rights, trading costs and...