The Bulgarian government has increased security around Lukoil’s Burgas refinery ahead of a state-led takeover enabled by new legislation designed to circumvent international sanctions.
Faced with US sanctions targeting Lukoil, Bulgaria adopts emergency legislation allowing direct control over the Balkans’ largest refinery to secure its energy supply.
Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.
Sofia temporarily restricts diesel and jet fuel exports to safeguard domestic supply following US sanctions targeting Lukoil, the country’s leading oil operator.
Lukoil has started divesting its foreign assets following new US oil sanctions, a move that could reshape its overseas presence and impact supply in key European markets.
SUNOTEC expands in the Bulgarian market with seven projects combining battery and solar, totalling 763 MWh of storage and 115 MWp of photovoltaic capacity.
The Ministry of Energy will initiate talks with developers of small nuclear reactors after signing a cooperation agreement with the United States to conduct preliminary studies on their deployment.
Hungary has imported over 5 billion cubic metres of Russian natural gas since January via TurkStream, under its long-term agreements with Gazprom, thereby supporting its national energy infrastructure.
The United States Nuclear Regulatory Commission has granted a 40-year extension for the AP1000 reactor design certification, supporting its long-term construction domestically and deployment abroad.
Rezolv Energy won three contracts for difference totalling 731MW in Romania’s second auction, supported by public financing mechanisms for renewable energy.
After a prolonged technical shutdown, the Greek floating terminal resumes operations at 25% capacity, with near-saturated reserved capacity and an expanded role in exports to Southeast Europe.
Giant discoveries are transforming the Black Sea into an alternative to Russian gas, despite colossal technical challenges related to hydrogen sulfide and Ukrainian geopolitical tensions.
Shanghai Sermatec Energy Technology Co., Ltd. announces an agreement to supply more than 430 MWh of energy storage in Bulgaria, marking a new step in the expansion of Chinese solutions in the European market.
SUNOTEC and Sungrow announce the signing of a strategic contract to deploy 2.4 GWh of batteries for large-scale solar projects in Bulgaria, setting a new record for energy storage in Southeast Europe.
Naftogaz and the State Oil Company of the Republic of Azerbaijan (SOCAR) have formalised an initial contract for natural gas delivery via the Transbalkan corridor, opening new logistical perspectives for Ukraine’s energy supply.
The Bulgarian National Audit Office report highlights persistent delays and contractual irregularities in the implementation of the national repository for low- and intermediate-level radioactive waste.
The preliminary agreement launches planning and site assessment for a tailored AP1000 reactor, following two years of feasibility study, and enlists Westinghouse and Hyundai to support Fortum’s regional nuclear expansion.
OMV Petrom acquires 50% of the 400 MW Gabare photovoltaic project near Sofia, in partnership with Enery, in a deal valued at approximately €200 million including a potential energy storage solution.
Apollo Global Management has signed a $1 billion agreement with BP to acquire a stake in the Trans Adriatic Pipeline.
This strategic investment aims to strengthen Europe's energy security while diversifying sources of supply.
Serbia, still dependent on coal, is exploring a return to civil nuclear power, with consultations underway and a cooperation agreement signed with France.
Greece, Romania and Bulgaria are working together to develop a regional mechanism to mitigate electricity price fluctuations, believing that the EU's single market is ill-suited to South-East Europe.
Huasun Energy supplied 1.8 GW of HJT solar modules in three months for China Green Development Investment Group's 4 GW project in Ruoqiang, Xinjiang, China.
Fortum now uses fuel from Westinghouse Electric Company for its Loviisa reactors, a strategic move to diversify supplies and strengthen Finland's energy security.
Hungarian Foreign Minister Peter Szijjarto discusses energy supplies with Gazprom CEO Alexei Miller in Russia, a move that heightens tensions with the European Union.
Ukraine terminates Russian gas transit contract to Europe from 2025.
This decision forces European countries to review their supply strategies and adapt to the new dynamics of the energy market.
Bulgargaz is in talks with Botas to revise their gas agreement, essential to Bulgaria's energy diversification, in response to criticism of its efficiency.
In May 2024, Greece and Bulgaria significantly reduced their spending on natural gas imports from Azerbaijan, while maintaining similar volumes, underlining rigorous management of energy costs.
The gas pipeline between Greece and Bulgaria will be extended by 3 to 5 billion cubic meters per year, despite reduced demand, motivated by strategic and national issues.
The EU is adding three new renewable energy projects to the CB RES list, aimed at strengthening regional energy cooperation and supporting the transition to clean energy.
The development of CCS in Europe faces major obstacles in the form of regulatory uncertainty and high costs. Projects are slowing down as the 2030 deadline for climate targets approaches.
Alcazar Energy Partners invests $500 million to launch the largest wind power project in Northern Macedonia, aiming to generate 400 megawatts of renewable energy.
The European Commission is allocating nearly 3 billion euros to support 39 energy projects in 10 member states, aimed at modernizing infrastructures and reducing CO2 emissions.
Rezolv Energy and Low Carbon, through their subsidiary First Looks Solutions S.R.L., have secured loan facilities of up to 291 million euros to finance the first construction phase of the VIFOR wind farm in Romania.
