Hungary's HUPX day-ahead traded volume rose in October as average baseload prices climbed 36.8% from September. Higher trading alongside higher prices pointed to stronger turnover amid tighter regional power conditions.
Serbia’s forecast power balance on 15 October required about 1,027 MW of scheduled net imports, while SEEPEX recorded 368.6 €/MWh at hour 20. Battery storage could reduce exposure to the most expensive deficit hours and improve trading flexibility, but would not eliminate the country’s energy shortfall or import dependence.
The licence extension allows Serbia’s only crude-oil refinery to continue operating, but leaves the country exposed to Russian gas supply and sanctions-related risks.
The Vertical Gas Corridor is approaching a commercial test in 2026/27, with utilisation, northbound flows and cross-border rules set to show whether southern gas can become a regular, cost-effective supply route across Southeast Europe.
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The US International Development Finance Corporation (DFC) has expressed an interest in participating in the Great Sea Interconnector project linking the electrical grids of...
Greece’s Independent Power Transmission Operator (IPTO/ADMIE) and its Saudi counterpart National Grid SA have established a joint venture to study the feasibility of building...
Terna, the Italian electricity transmission system operator, launched public consultations about its plan to expand the capacity of the existing Italy-Greece electricity interconnection to...
BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.
Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.
Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.
European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.
Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.