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EC wants green power to displace 21bcm Russian gas

Solar and wind power could displace 21bcm of gas as part of the European Commission’s REPowerEU plan to end the EU’s dependency on Russian imports by 2027 published on Wednesday....
Date: 18.05.2022, Category: Articles

Electricity price hike in Kosovo repealed – appeals court

The Kosovo Court of Appeals on Wednesday upheld a lower court’s earlier ruling that orders the country’s energy regulator ERO to revoke a power price hike instituted at the beginning of April....
Date: 19.05.2022, Category: Trading

Montenegrin EPCG to install 30 MW of rooftop solar in 2022

Montenegro’s power utility EPCG said on Thursday that it had signed two contracts that will help subsidise installation of rooftop solar panels with 30 MW of capacity for 3,000 households and 500 comp...
Date: 20.05.2022, Category: Trading

Serbian power utility EPS to build its first wind farm

Serbia’s power utility EPS said on Thursday that it would soon expand its renewable energy portfolio with the construction of a 73 MW wind farm at the Kostolac coal basin....
Date: 19.05.2022, Category: Trading

Albania-Kosovo trading platform to attract more investors – CEO

Alpex, the new joint energy trading platform for Kosovo and Albania, will attract more investors to energy production, its CEO Sokol Dishnica said on Monday....
Date: 19.05.2022, Category: Trading

PPD to lease additional capacity at Croatian LNG terminal

Croatia's leading gas trading company PPD has won a tender enabling it to lease additional capacity at the floating LNG terminal on the island of Krk, it said on Friday....
Date: 23.05.2022, Category: Trading

EU panel wants end to CBAM free allowances by 2030

Free EU allowances for sectors covered by a carbon border tax on imports should be phased out by 2030, five years earlier than the European Commission proposed, EU lawmakers said in a vote on Tuesday....
Date: 18.05.2022, Category: Trading

Gas prices slide despite halt to Finnish flows

European gas prices were trading down on Friday afternoon following a muted reaction to Russia’s decision to halt flows to Finland....
Date: 20.05.2022, Category: Trading

EU sees Energy Community as key to Russian energy exit reforms

The European Commission has defined a new external energy strategy which gives greater powers to the Energy Community to promote ambitious energy and climate policies and market reforms in the EU’s ne...
Date: 19.05.2022, Category: Articles

EU plans exit from Russian energy "as soon as possible"

The European Commission is planning independence from Russian energy “as soon as possible”, president Ursula von der Leyen said on Wednesday as she unveiled the EC’S REpowerEU plan....
Date: 18.05.2022, Category: Articles

EC plans to raise EUR 20bn from EUAs for grants

The European Commission plans to sell 250m EU carbon allowances from the ETS market stability reserve over the next few years to raise EUR 20bn for investments, a senior EC official said on Wednesday....
Date: 18.05.2022, Category: Articles

Croatia mulls land-based LNG terminal as major EU energy hub

Croatia has not put aside the idea of developing a land-based LNG terminal on the island of Krk if it receives strong support from the EU, an economy ministry spokeswoman told Montel on Thursday....
Date: 20.05.2022, Category: Articles

Serbia extends gas price cap

Serbia’s government has extended for 60 days a temporary measure to limit the price of gas and provide compensation if there is excessive volatility in the market price of both imported and domestical...
Date: 20.05.2022, Category: Trading

Italy’s Snam signs deal for floating LNG terminal

Italian gas TSO Snam has signed a deal with Golar LNG to secure a floating storage and regasification unit, which is expected to start-up in 2024, it said on Wednesday....
Date: 18.05.2022, Category: Trading

Croatia plans to build second gas storage facility by 2027

Croatia aims to construct a second gas storage facility by 2027 which will be in Grubisno Polje, a town some 120 kilometres east of the capital Zagreb....
Date: 19.05.2022, Category: Articles

Slow permitting procedures main bottleneck to onshore wind in SEE

Slow permitting procedures for new onshore wind farms remain the main bottleneck preventing the expansion of wind energy in South-East Europe (SEE), the WindEurope association told Montel on Friday....
Date: 23.05.2022, Category: Focus

Croatia’s HEP awaits energy approvals for 603 MW of renewables

The Croatian power utility HEP has applied for energy approvals for 21 renewables projects with 603 MW of capacity which should be operational by the end of 2030, the state-owned company told Montel o...
Date: 23.05.2022, Category: Trading

Gas price caps for power possible – EC

A temporary reference price for gas used to produce power is a potentially acceptable way for EU governments to respond to high energy prices, the European Commission said on Wednesday....
Date: 18.05.2022, Category: Trading

Carbon prices plunge nearly 10% on MSR plans

European carbon prices plunged nearly 10%, or almost EUR 9, in Wednesday trading but later recovered somewhat, in response to European Commission plans to release significant volumes of allowances fro...
Date: 18.05.2022, Category: Trading

Russia gas flows to rise 2.5% on Wednesday

Russian gas exports to northwestern Europe along three main conduits were expected to rise by around 5mcm/day – or 2.5% – to 205mcm/day on Wednesday, network operator data showed....
Date: 18.05.2022, Category: Trading

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