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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

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...