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Hungary’s Oil Reserves Reach Decade Low Amid Supply Chain Challenges

Hungary is currently facing significant challenges in its oil supply chain, as emergency stockpiles have reached their lowest levels in nearly ten years. By...

Montenegro launches €11 million tender to build mandatory oil reserves

The Montenegrin Hydrocarbons Administration has issued a tender worth 11 million euros for the purchase of 16,500 metric tons (approximately 19.6 million liters) of...

Montenegro to launch €11 million tender for strategic diesel reserves by end of 2025

The Montenegrin Hydrocarbons Administration plans to launch an international tender worth 11 million euros by the end of 2025 to purchase diesel fuel for...

Montenegro considers storing part of mandatory oil reserves abroad amid delays at Bar Terminal

Montenegro is considering storing a portion of its mandatory oil reserves abroad if an agreement cannot be reached to use Jugopetrol’s tanks at the...

Montenegro plans to establish mandatory oil reserves by 2029 with EU compliance

The Montenegrin Ministry of Mining, Oil and Gas has announced that the State Hydrocarbons Administration plans to begin the supply of mandatory oil stock...

Montenegro passes Law to establish emergency oil reserves, advancing EU accession efforts

Montenegro's Parliament has approved a new law to regulate the accumulation of emergency oil stockpiles, aligning the country with European Union standards. This legislation...

Latest news

SEE power prices jump as weekday demand returns, Serbia tops €300/MWh

Southeast European day-ahead electricity prices surged on Monday, October 19, as the return of weekday demand, weaker renewable generation forecasts and continued reliance on...

Greece unveils €200 million battery storage scheme as project pipeline grows

Greece is preparing a €200 million battery-storage support programme as the country seeks to accelerate the deployment of standalone batteries and renewable-linked storage. The...

Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...

R.Power completes 55-MW Lazuri solar plant in Romania; grid link by end-2026

Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. Grid connection is expected before the...