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Serbia extends export curbs on crude oil and petroleum products until 31 July

The Serbian Government has extended temporary restrictions on the export of crude oil and petroleum products, prolonging the measure until 31 July. The decision...

Croatia to Implement Flexible VAT Mechanism for Fuel Amid Energy Market Volatility

The Croatian government is set to amend its tax regulations to introduce a flexible value-added tax (VAT) mechanism for petroleum products, aimed at addressing...

Serbia’s energy outlook for 2025: Increased imports and growth in renewables

In 2025, Serbia is expected to import 90% of its natural gas and 80% of its crude oil and petroleum products, representing a 25%...

Bosnia and Herzegovina: FBiH sees increase in petroleum imports

In 2024, the Federation of Bosnia and Herzegovina (FBiH) imported a total of 1,070,030 tons of petroleum products, marking a 9.24% increase compared to...

Romania: JT Grup Oil gets Bucharest Exchange permit to list its shares after IPO

Romanian independent petroleum products distribution firm JT Grup Oil confirmed the initial public offering of 10 million new shares with a face value of...

EU: Oil import dependency at its highest in 2022

The EU’s import dependency for the entire family of crude oil and petroleum products surged to a new record high of 97.7% in 2022....

Latest news

Banatski Dvor expansion delays deepen Serbia’s reliance on Hungarian storage

Serbia’s Banatski Dvor underground gas storage expansion is experiencing further slippage, according to project timelines that have moved past the previously targeted end of...

Montenegro extends Sinjajevina wind project timeline to 2030

Montenegro has extended the development timetable for the 112 MW Sinjajevina I wind farm, moving the expected commercial operation target toward 2030. The revised...

Hungary granted temporary EU delay on Serbia gas capacity bundling rules

Hungary has received temporary approval from the European Commission to postpone full implementation of EU gas-capacity rules at its border with Serbia until the...

ADMIE secures equipment for €3.5bn of grid projects through 2029

Greek transmission operator ADMIE has secured equipment for projects worth about €3.5 billion, cutting procurement risk across more than half of its €6 billion...

Federation of Bosnia electricity generation up 15.8% in August as trade falls

Electricity production in the Federation of Bosnia and Herzegovina increased in August compared with August 2025, while both imports and exports declined from year-earlier...