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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...

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Hungarian power prices surge as weak wind drives Southeast Europe higher

Hungarian electricity prices jumped nearly 12% for Tuesday delivery, driving a broader increase across Southeast Europe as a sharp decline in forecast wind generation...

TDI financing for 58 MW Iratoșu solar plant in western Romania

TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The...

Nuclearelectrica revises 2026 outlook as Cernavoda outages drive replacement power costs

Romanian nuclear producer Nuclearelectrica has reduced its forecast for 2026 net profit by 42.9% to €221 million. The company attributed the change to prolonged...

MMK Vilusi requests environmental screening for 35 MW solar plant in Nikšić

MMK Vilusi has applied for environmental screening for a 35 MW solar power project in western Montenegro, with the development planned for the Nikšić...

North Macedonia extends oil-supply emergency framework to April 2027

North Macedonia has prolonged its oil-supply emergency framework, with the country’s parliament extending the measure until April 20, 2027. The extension keeps government powers...