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EBRD to lend EUR 98.6m to N. Macedonia for gas, H2 pipelines

Date: 20.02.2024 Author: Montel
EBRD to lend EUR 98.6m to N. Macedonia for gas, H2 pipelinesPhoto: TAP AG

The European Bank for Reconstruction and Development (EBRD) is considering a EUR 98.6m loan to the Macedonian TSO Nomagas for the construction of three gas pipelines, one of which will be

Bids in first EU hydrogen auction outstrip budget

Date: 20.02.2024 Author: Enza Tedesco, Montel
Bids in first EU hydrogen auction outstrip budgetPhoto: Roman Peklaj

The EU’s first renewable hydrogen subsidy auction saw an overwhelming response with bids exceeding the EUR 800m available budget, the European Commission said on Monday.

Croatian Ina’s profit stable despite lower gas, oil prices

Date: 16.02.2024 Author: Dalibor Dobrić
Croatian Ina’s profit stable despite lower gas, oil pricesPhoto: F. Buva

Croatian energy company Ina reported a consolidated net profit of EUR 250m in 2023, almost unchanged from 2022, despite a drop in gas and oil prices, the company said late on Thursday.

EC clears EUR 7bn state aid to multinational H2 projects

Date: 15.02.2024 Author: Siobhan Hall, Montel
EC clears EUR 7bn state aid to multinational H2 projectsPhoto: Roman Peklaj

The European Commission has approved EUR 6.9bn of public funding by seven EU countries to support developing hydrogen projects including 3.2 GW of large-scale electrolysers, it said on Thursday.

Montenegro drafts new law to enable renewables auctions

Date: 12.02.2024 Author: Maja Žuvela
Montenegro drafts new law to enable renewables auctionsPhoto: Dalibor Dobrić

Montenegro's energy ministry launched public debate on a long-awaited draft renewable energy law on Monday designed to spur the green transition, introduce market-based support schemes and new

Serbia plans to build its first H2 plant by 2030

Date: 09.02.2024 Author: Maja Žuvela, Dušan Telesković
Serbia plans to build its first H2 plant by 2030Photo: EBRD

Serbia plans to build its first demonstration plant for the production, storage and use of hydrogen by 2030, Zorana Bozic, chief of staff at the Serbian economy ministry, announced on Friday.

EU power, H2 lobbies jostle for position over 2040 CO2 target

Date: 07.02.2024 Author: Siobhan Hall, Montel
EU power, H2 lobbies jostle for position over 2040 CO2 targetPhoto: www.pixabay.com

Power generation and hydrogen lobby groups are jostling over their respective roles in helping the EU decarbonise after the European Commission called for a 90% net cut in emissions by 2040 on

Chinese firms eye 2025 start of 2 GW green project in Serbia

Date: 26.01.2024 Author: Dušan Telesković
Chinese firms eye 2025 start of 2 GW green project in SerbiaPhoto: Interenergo

Chinese companies Shanghai Fengling Renewables and Zijin Copper will begin construction on a 2 GW renewables project in eastern Serbia in the first quarter of 2025, Serbia’s energy minister Dubravka

Snam plans EUR 11.5bn boost for Italy’s gas, LNG infrastructure

Date: 25.01.2024 Author: Alina Trabattoni, Montel
Snam plans EUR 11.5bn boost for Italy’s gas, LNG infrastructurePhoto: Energetika.NET

Italian TSO Snam is planning to invest EUR 11.5bn in the country’s gas and LNG infrastructure over the next three years, while also boosting hydrogen activities and carbon capture and storage (CCS),

EU legislation to allow Russian gas ban passes key vote

Date: 23.01.2024 Author: Siobhan Hall, Montel
EU legislation to allow Russian gas ban passes key votePhoto: Gazprom

Draft regulation allowing EU countries to block Russian gas imports passed a key vote on Tuesday in the European Parliament’s energy committee.

Belgium to focus on energy grids and H2 during EU helm

Date: 23.01.2024 Author: Siobhan Hall, Montel
Belgium to focus on energy grids and H2 during EU helmPhoto: Roman Peklaj

Developing more power grids, offshore energy and international hydrogen trade are three of Belgium’s strategic energy priorities during its six-month EU presidency until the end of June.

Green hydrogen costs twice as much as grey – Pareto

Date: 18.01.2024 Author: Olav Vilnes, Montel
Green hydrogen costs twice as much as grey – ParetoPhoto: Roman Peklaj

The cost of producing hydrogen from green energy sources is now twice as high as using fossil fuels but should approach parity by 2030, according to financial advisory firm Pareto.



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