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Romania’s Romgaz rejects 20-year US LNG contract amid projected losses

Romanian gas producer Romgaz has rejected a proposed 20-year US LNG contract. The company said its assessment pointed to potential annual losses ranging from...

Romgaz Reports Increased Q1 Profit Amid Production and Revenue Declines

In the first quarter of 2026, Romanian natural gas producer Romgaz demonstrated a resilient financial performance, reporting a consolidated net profit of approximately €186.8...

Romgaz Reports €656.8 Million Net Profit for 2025

In a notable financial performance, Romania's state-controlled natural gas producer Romgaz achieved a consolidated net profit of approximately €656.8 million for the year ending...

Romanian Government Extends Public Funding for Iernut Gas Power Plant Project

Romgaz, a prominent natural gas producer in Romania, has secured an extension for public funding to advance the construction of the Iernut combined-cycle gas...

Romania grants OMV Petrom and Romgaz two-year extension for Neptun Deep exploration

Romania has granted OMV Petrom and Romgaz a two-year extension for exploration activities in the Neptun Deep offshore block, moving the deadline to November...

Romania: Romgaz posts strong nine-month results with 73% profit surge

Romanian natural gas producer Romgaz reported consolidated earnings of 480 million euros for the January–September 2025 period, an increase of 7 percent compared with...

Latest news

Electricity and carbon costs reshape SEE industrial export economics

Analysis developed by Virtu.Energy Banks financing manufacturers across Southeast Europe increasingly need to assess whether borrowers can preserve their EU export margins after electricity costs, embedded...

ETS and CBAM reshape SEE electricity trade as carbon costs squeeze export margins

Analysis developed by Virtu.Energy Electricity producers, traders and banks across Southeast Europe are facing a growing gap between prices available on neighbouring EU electricity exchanges and...

Croatia amends Electricity Market Act to expand aggregation, grid studies, and connection rights

Croatia’s amended Electricity Market Act entered into force on October 15, 2026, introducing changes that go beyond conventional electricity-market reform. The legislation reshapes the...

Boron One Piskanja boron project valuation rises to €569m in updated assessment

Canadian mining company Boron One Holdings has raised the projected economic value of its Piskanja boron project in southern Serbia to approximately €569 million....

SEE electricity prices surge as wind generation drops and Serbia becomes the region’s most expensive market

Southeast European day-ahead electricity prices rose sharply on Friday, with Serbia emerging as the region’s most expensive market as weaker wind generation, higher cross-border...