Weekly energy market update:...

Brent oil futures for the Front Month on the ICE market reached their...

Europe: Electricity prices stable...

During the fourth week of November, electricity prices in most major European markets...

Europe: Southern demand rises...

During the week of November 24, electricity demand showed a contrasting pattern across...

Europe: Solar production declines...

During the week of November 24, solar photovoltaic (PV) energy production declined in...
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SOCAR

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Bulgaria: Cengiz Holding and SOCAR move to acquire Lukoil’s Burgas refinery in $2.5 billion deal

According to media reports, Turkish conglomerate Cengiz Holding and Azerbaijan’s state-owned energy company SOCAR are moving forward with plans to acquire Lukoil’s Neftochim Burgas...

Region: Naftogaz launches first gas imports from Azerbaijan via Trans-Balkan Corridor

Naftogaz Group has signed its first supply agreement with SOCAR Energy Ukraine, a subsidiary of Azerbaijan's SOCAR group, to import natural gas from Azerbaijan...

Albania: SOCAR to begin supplying natural gas to Korca

The State Oil Company of Azerbaijan (SOCAR) is set to launch natural gas supply operations in the Albanian city of Korca, marking the first...

Azerbaijan and North Macedonia discuss strengthening gas supply cooperation and infrastructure investments

Azerbaijani Energy Minister Parviz Shahbazov and North Macedonia’s Minister of Energy, Mining, and Mineral Resources, Sanja Bozinovska, met to discuss enhancing gas supply cooperation...

Romanian Energy Regulator grants SOCAR trading gas & power wholesale operations approval

In late December 2024, the Romanian Energy Regulatory Authority (ANRE) granted approval for SOCAR Trading Gas & Power, a subsidiary of Azerbaijan's State Oil...

North Macedonia signs MoU with SOCAR to secure natural gas supplies

North Macedonia’s state-owned power utility, ESM, has signed a Memorandum of Understanding (MoU) with the State Oil Company of Azerbaijan (SOCAR) to ensure reliable...

Serbia’s renewable surge: How the country is quietly becoming a regional green-power leader

For years, Serbia’s energy landscape appeared frozen in time. Coal dominated generation, hydropower provided stability, and the idea of large-scale renewable deployment felt distant....

Greece moves forward with long-delayed Mesochora hydropower plant

The Greek Ministry of Environment and Energy has confirmed that the long-delayed Mesochora hydropower plant in Trikala will finally advance, bringing an end to...

Bosnia and Herzegovina: Republika Srpska accelerates major hydropower expansion amid untapped potential

The Republic of Srpska (RS) is pressing ahead with a major expansion of its hydropower sector, driven by significant untapped water resources that remain...

Serbia: EPS outlines €2 billion hydropower investment strategy through 2035

Over the next decade, Serbia is expected to see nearly 2 billion euros invested in its hydropower sector, with around 760 million euros planned...

Bosnia and Herzegovina: HPP Visegrad increases monthly production, still below last year’s level

The hydropower plant Visegrad, operated by ERS subsidiary Hidroelektrane na Drini, generated 37.91 GWh of electricity in October 2025. This represents a 31.3 percent...
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