2030–2035 scenario annex: Gas...

Scenario one: High volatility, tight LNG markets In a scenario characterised by global LNG...

What the European gas...

The European natural gas market has moved decisively away from its pre-2020 equilibrium....

Policy without borders: How...

Electricity market coupling is often discussed in technical or commercial terms, but its...

Fragmented convergence: Why Southeast...

For much of the past decade, the dominant assumption shaping policy and market...
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Supported byClarion Owners Engineers
Supported byClarion Owners Engineers
Supported byElevatePR Serbia

A trader-led structural model with LNG and power price transmission (2026–2030)

In South-East Europe, gas–power interaction has moved decisively beyond simple fuel substitution logic. Spark spreads now act as the principal transmission mechanism of volatility,...

Liquidity, LNG volatility, basis risk and power price transmission

South-East Europe’s gas markets have quietly crossed a structural threshold. What once functioned as a peripheral extension of continental Europe’s pipeline system is now...

Rising U.S. LNG dependence and how volatility travels into SEE gas markets

The European Union’s growing dependence on U.S. LNG is often framed as a success story of diversification and energy security. For South-East Europe (SEE),...

Methane regulation, U.S. LNG, and the growing policy risk premium for SEE gas markets

The emerging dispute between the United States and the European Union over methane-emissions regulation is often framed as a transatlantic regulatory disagreement. For South-East...

Trading Southeast Europe’s power markets: A practical playbook for signals, timing, and risk

Electricity trading in Southeast Europe (SEE) is no longer about forecasting average prices. It is about understanding when prices break away from expectations, where...

Spreads, congestion, and flexibility: Why SEE has become Europe’s real power trading arena

Electricity trading in Southeast Europe (SEE) has entered a new phase. The region is no longer defined by static net import or export positions,...

Hydro as a European flexibility asset: Montenegro’s reservoirs in a coupled Italy–SEE system

For decades, Montenegro’s hydroelectric system has been perceived primarily through a regional lens. Its reservoirs and run-of-river plants were valued as instruments of domestic...

Regional power-flow shifts after the Pljevlja shutdown: Montenegro in a rewired Balkan energy landscape

The shutdown of Pljevlja transforms Montenegro’s internal energy balance, but its implications extend beyond national borders. In the interconnected Balkan power system, every addition...

Private wind producers in Montenegro: From peripheral players to system-defining actors

Montenegro’s power system is undergoing a quiet reordering of influence. Where state hydro once dominated unchallenged and Pljevlja provided the stable backbone, private wind...

Balancing costs in Montenegro’s post-coal power system

As Montenegro steps into a future without Pljevlja’s coal-fired stability, the cost of balancing becomes the defining economic metric of its power system. Balancing...

Montenegro’s power future: Transitioning from coal at Pljevlja to wind, hydro and import options

Montenegro finds itself at a key inflection point. The only coal-fired thermal power plant in the country, Yugoslav Thermal Power Plant Pljevlja (TPP Pljevlja),...
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