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Serbia plans coordination body to address potential US sanctions on NIS due to Russian ownership

The United States is considering imposing sanctions on Serbia’s oil and gas industry, specifically targeting NIS (Naftna Industrija Srbije), due to its significant Russian...

Hungary: MOL Group reports Q3 2024 profit decline

Hungarian oil and gas company MOL Group reported a profit before tax of 503 million dollars for the third quarter of 2024, marking a...

Romania: OMV Petrom reports nearly tripled profit in H1 2024

Romanian oil and gas company OMV Petrom, part of the Austrian OMV Group, achieved a net profit of 528 million euros in the first...

Romania: OMV Petrom closes acquisition of Renovatio Asset Management

Oil and gas company OMV Petrom closed the acquisition of Renovatio Asset Management, owner of the largest charging network for electric vehicles in Romania,...

Romania: OMV Petrom to invest a record 1.6 billion euros in 2024

Romanian oil and gas company OMV Petrom announces the distribution of record basic dividends of approximately 2.6 billion lei (522 million euros) for the...

Hungary: MOL to pay 0.63 euros/share dividend 

Shareholders of oil and gas company MOL approved the payment of a dividend of around HUF 250 (0.63 euros) per share at an annual...

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...