Energy Crisis
Serbia’s energy companies EPS, Srbijagas could lose EUR 2 billion over two heating seasons
07 July 2022 - Fiscal Council proposed a power price increase of 15%-20%, compared to 65%-75% for natural gas, and 10%-40% for heating
European energy prices soar as winter gas supply pessimism mounts
07 July 2022 - Concerns for the energy security of Europe's economy have become chronic – German Uniper and France's EDF are on the verge of bankruptcy
Government of BiH fails to reach consensus on gas interconnections with Serbia, Croatia
07 July 2022 - The Council of Ministers of BiH still can't agree to start bilateral talks with Croatia and Serbia on projects for gas interconnections
Romania to switch its coal plants to reserve as it closes them, without decommissioning
06 July 2022 - Romania decided to extend the coal phaseout back to 2032 and gave up on the plan to dismantle some of the coal plants that it retires
Romanian heating plant to build 80 MW solar park, mix green hydrogen into gas
05 July 2022 - Romania's Oradea city is pushing ahead with decarbonization by launching integrated projects for solar power and green hydrogen
Minister Košarac: BiH to approve gas interconnection projects with Serbia, Croatia
05 July 2022 - The two entities that make up BiH agreed the country should build gas interconnections with both Serbia and Croatia, after years of disputes.
Turkish entity in Cyprus offers energy, water deal to government in Nicosia
05 July 2022 - Cypriot Turkish leader Ersin Tatar offered the Republic of Cyprus a deal on hydrocarbons, electricity, renewables and water, but under a two-state solution
G7 reverses climate policy with support for LNG, gas, nuclear power
29 June 2022 - The G7 reaffirmed its commitment to climate goals, but it backed the deployment of gas, particularly LNG, and of nuclear power
EU energy ministers aiming at more ambitious renewables, energy efficiency targets
28 June 2022 - The Council of the EU wants to boost the renewables and energy savings targets via the Fit-for-55 package, which depends on upcoming talks
Federation of BiH aims to participate in Alexandroupolis LNG project
27 June 2022 - The Federation of Bosnia and Herzegovina has expressed interest in the Alexandroupolis LNG project to increase diversification.
Germany triggers alert in accordance with its emergency gas plan
23 June 2022 - European future gas prices have soared 50% since the beginning of the reduction in deliveries from Russia to Germany
Italy’s Cingolani: Wholesale gas price cap is necessary to stop manipulation
22 June 2022 - Italian Minister Roberto Cingolani said his country's proposal to limit wholesale gas prices in the EU is gaining support
RWE offers German companies ownership in its 1 GW offshore wind farm
22 June 2022 - RWE and Commerzbank intend to establish a 'Green Mittelstand Fund' to offer med-sized firms to secure supply of green electricity
Kosovo* may buy stake in gas-fired power plant project in Albania
21 June 2022 - Kosovo* and Albania will jointly work on the LNG terminal project in Vlora and Kosovo* could invest in the planned gas-fired power plant there
Europe is firing up old coal plants to get through winter
20 June 2022 - Germany is getting retired coal plants back online as Gazprom's gas supply is dwindling while Italy may declare an emergency
Statement of the Day, Guterres: Fossil fuel industry used scandalous tactics like Big Tobacco
17 June 2022 - The fossil fuel industry has exploited precisely the same scandalous tactics as Big Tobacco, UN Secretary-General António Guterres said