energy crisis
Natural gas, electricity prices soar 30% on Nord Stream 1 shutdown
05 September 2022 - Gazprom said it would keep the Nord Stream 1 pipeline offline right after the G7 agreed to cap the price of Russian oil
Democratic Party demands parliamentary inquiry: who is responsible for outages in EPS?
05 September 2022 - As a result of the outages, Serbia became a major importer of electricity and spent EUR 650 million since last winter
Subsidies for fossil fuels doubled in 2021 and continue to increase
05 September 2022 - Support for fossil fuels doubled in 2021 compared to the year before to nearly USD 700 billion, slowing progress toward climate goals
Albania, Serbia sign memorandum to cooperate in energy, mining sectors
02 September 2022 - The memorandum of cooperation between the two countries was signed at a summit of the Open Balkan initiative in Belgrade
German firms reduce, halt production over high energy prices
01 September 2022 - The halting of production because of the high energy prices is seen by the German government as an alarming situation
Turkey breaks record in solar, wind power output in July
01 September 2022 - Turkey's solar power plants generated a total of 2.07 billion kWh and wind power plants 4.2 billion kWh in July
Serbia hikes power price for businesses
30 August 2022 - Electricity supplied to businesses by state power utility EPS will cost EUR 95 per MWh from September 1
EU governments preparing market reforms to decouple power prices from gas
29 August 2022 - Austria, Belgium, and Germany believe market reforms are inevitable to weaken the prevailing influence of gas costs on electricity prices
Following Croatia, Montenegro to abolish value added tax on solar panels
29 August 2022 - The Ministry of Economic Development and Tourism of Montenegro announced that it is preparing new measures to weaken the pressure of the energy crisis in the autumn
Facades of government buildings set to go dark as Serbia readies power saving measures
29 August 2022 - Serbia plans to offer large discounts on electricity bills to households that cut their consumption compared to the same month a year earlier
The Hague hopes to keep buying Russian gas after EU sanctions deadline
26 August 2022 - The Hague seeks a temporary exemption from the EU’s sanctions against Russia as it struggles to find a replacement for Gazprom’s gas
EU countries set aside EUR 236 billion in past year to offset energy crisis
25 August 2022 - Measures to shield businesses and citizens against the rising energy prices range from tax breaks to direct financial aid
Bulgarian gas thriller – between LNG tankers and payments in rubles
24 August 2022 - Bulgaria is looking to Azerbaijan and Turkey for additional gas supplies, as the caretaker government announces inevitable talks with Gazprom
Record electricity, gas prices: steady supply in the Balkans will depend on coal power plants
24 August 2022 - Power prices rose due to gas price hikes, prompted by Gazprom’s announcement it will suspend Nord Stream 1 deliveries for three days
Croatia plans to expand LNG terminal on Krk island
23 August 2022 - Croatia is boosting its LNG capacity in a bid to strengthen gas supplies, while environmental organizations say the government is misleading the public
Energy crisis triggers new coal projects in Republic of Srpska, Serbia
22 August 2022 - Republic of Srpska plans a new unit at thermal power plant Gacko, as firm in Serbia eyes an underwater coal mining project