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Gas prices sag on EC ruble payment confirmation

Date: 16.05.2022 Author: Nathan Witkop, Montel
Gas prices sag on EC ruble payment confirmationPhoto: Gazprom

European gas prices softened on Monday, as the European Commission confirmed gas buyers would not be punished for complying with Russia’s mechanism for purchasing gas in rubles.

Serbia not ready for power rate increase – president

Date: 16.05.2022 Author: Maja Žuvela
Serbia not ready for power rate increase – presidentPhoto: Montel

Serbian electricity prices will have to increase but not right now, as the negative impact on citizens would be too great, president Aleksandar Vucic said in a television interview with the local Prva

Swelling stocks pressure coal market

Date: 16.05.2022 Author: Laurence Walker, Montel
Swelling stocks pressure coal marketPhoto: Montel

European coal prices would likely remain under some pressure this week, as an influx of near-term supply swelled stocks, despite an impending embargo on Russian deliveries.

EU court confirms Bulgaria’s SO2 breach

Date: 13.05.2022 Author: Peter Palčec
EU court confirms Bulgaria’s SO2 breachPhoto: www.pixabay.com

The Court of Justice of the European Union (CJEU) has ruled that constant SO2 pollution from the Maritsa Iztok complex, where Bulgaria’s biggest coal power plants are located, is in breach of EU

Gas and coal drift down on steady supplies

Date: 13.05.2022 Author: Kelly Paul, Montel
Gas and coal drift down on steady suppliesPhoto: ACER

European gas and coal prices drifted lower in Friday afternoon trading, with participants citing ample supplies despite lingering concerns caused by Russia’s war in Ukraine.

Fuels spike on supply concerns

Date: 12.05.2022 Author: Andrés Cala, Montel
Fuels spike on supply concernsPhoto: energetika-portal.si

Gas and coal prices spiked on Thursday on growing supply concerns stoked by Western sanctions and Moscow’s retaliatory moves as a result of the war in Ukraine.

RWE trading earnings jump 57% in Q1

Date: 12.05.2022 Author: Nathan Witkop, Montel
RWE trading earnings jump 57% in Q1Photo: Roman Peklaj

RWE’s trading division earnings jumped 57% in the first quarter while write-downs on Russian coal contracts curbed a strong group performance, the German utility said on Thursday.

Gas falls as abundant supply calms fears

Date: 11.05.2022 Author: Laurence Walker, Montel
Gas falls as abundant supply calms fearsPhoto: Roman Peklaj

European gas prices continued to lose ground in late Wednesday trading as a cut to flows via a key Ukrainian transit pipeline failed to significantly unnerve market participants amid a relative

Kosovo to install 1.4 GW of wind and solar by 2031 – minister

Date: 11.05.2022 Author: Montel
Kosovo to install 1.4 GW of wind and solar by 2031 – ministerPhoto: Montel

Kosovo will install 1.4 GW of wind and solar capacity in the next decade to end its reliance on coal, energy minister Artane Rizvanolli told EBRD’s AGM in the Moroccan city of Marrakech on Tuesday.

US trims LNG export growth forecast amid high prices

Date: 11.05.2022 Author: Andrés Cala, Montel
US trims LNG export growth forecast amid high pricesPhoto: MZOE

US LNG exports should rise almost 23% in 2022, 2 percentage points less than forecast last month as higher Asia and Europe summer prices dent demand, said the US Energy Information Administration

W. Balkans needs to add 50 GW of renewables by 2045 – Enervis

Date: 10.05.2022 Author: Montel
W. Balkans needs to add 50 GW of renewables by 2045 – EnervisPhoto: Roman Peklaj

To meet its zero emissions target by 2050, the Western Balkans needs to install another 50 GW of wind and solar capacity by 2045, said Rita Kunert from German energy consultancy firm Enervis.

Serbia’s new energy policy could include nuclear – president

Date: 10.05.2022 Author: Maja Žuvela
Serbia’s new energy policy could include nuclear – presidentPhoto: Rosatom

Serbia’s president Aleksandar Vucic said last week that the government is working on a new energy policy that would rely more heavily on renewables and possibly could include nuclear power as well.



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