Bruegel: Without refining or delaying CBAM for electricity, EU risks market integration, security of supply
Brussels-based think tank Bruegel has analyzed the impacts of the CBAM application for electricity set for January 1, 2026
MOL in talks about possibility of purchasing stake in Serbian NIS
Hungarian MOL is discussing the possibility of acquiring a stake in Serbian oil refiner NIS, which is under US sanctions due to Russian ownership
Brazil’s COP of Truth leaves out fossil fuels, deforestation from final deal
The world's climate ambitions didn't change much at COP30 while fossil fuels and deforestation were left out of the final document
Serbia plans to stop using coal, fuel oil in district heating by 2040
Serbia is also preparing a strategic plan for the district heating decarbonization policy, the Ministry of Mining and Energy noted
Romania to take control of Lukoil’s assets
Romania wants to take control of Lukoil's operations to get an exemption from US sanctions. It's unclear whether the government would nationalize the assets
Project pipeline in Greece for CO2 capture, storage nearing EUR 4 billion
Carbon capture and storage (CCS) projects worth as much as EUR 3.6 billion are under development in Greece
US torpedoes Lukoil’s deal to sell its overseas business to Gunvor
The US Treasury said it wouldn't allow Gunvor to "operate and profit," calling it "the Kremlin's puppet," so the firm gave up on Lukoil
Several EU member states face uncertainty amid looming Russian gas ban
Hungary and Slovakia oppose the Russian gas ban, but the Energy Council envisages exceptions for EU states and even the Western Balkans