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Serbia

Russia begins withdrawal from NIS to circumvent US sanctions

Russia is negotiating the sale of its stake in Serbian oil company NIS as US sanctions threaten the operations of the company, which plays a key role in Serbia’s economy.

Croatia targets Russian stake in NIS to maintain oil flows

JANAF is interested in acquiring a 20 to 25% stake in NIS, as the Russian-owned share is now subject to US sanctions.

US sanctions hit NIS, a key player in Serbia’s oil market

Serbian oil company NIS, partially owned by Gazprom, faces newly enforced US sanctions after a nine-month reprieve, testing the country's fuel supply chain.
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JANAF and MOL begin crucial talks on Central European oil transport

Hungarian oil group MOL and Croatian operator JANAF are negotiating an extension of their crude transport agreement as the region seeks to reduce reliance on Russian oil.

US sanctions against NIS postponed by eight days, says Belgrade

US sanctions against Serbian oil company NIS, owned by Gazprom, were delayed by eight days after talks between Belgrade and Washington, President Aleksandar Vucic said.

Serbia to renew gas contract with Russia in October despite tensions

A new three-year gas import agreement will be signed between Belgrade and Moscow, as Serbia’s energy ties face growing diplomatic scrutiny from the West.
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Hungary launches pipeline with Serbia despite regional supply tensions

Budapest plans to complete a new oil link with Belgrade by 2027, despite risks of dependency on Russian flows amid ongoing strikes on infrastructure.

Hungary receives over 5 bn m³ of Russian gas via TurkStream in 2024

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.

Washington grants sixth sanctions extension to Serbian oil firm NIS

The United States extends a 30-day reprieve to NIS, controlled by Gazprom, as Serbia seeks to maintain energy security amid pressure on the Russian energy sector.
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The Alexandroupolis FSRU Restarts at Reduced Capacity in a Reshaping Regional Market

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.

US sanctions against NIS: Serbia secures a fifth 30-day reprieve

Serbia has secured a new 30-day reprieve from the application of US sanctions targeting NIS, operator of the country’s only refinery, which is majority owned by Gazprom.

Serbia seeks new US sanctions waiver for NIS amid geopolitical tensions with Russia

Belgrade is engaged in complex negotiations with Washington to obtain a fifth extension of sanctions relief for the Serbian oil company NIS, which is majority-owned by Russian groups.
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Serbia negotiates gas deal with Gazprom at competitive European price

Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.

SANY R.E. signs 168 MW wind contract in Serbia to expand its presence in Europe

Chinese firm SANY Renewable Energy enters Serbia through a 168 MW wind deal aimed at powering the local grid from 2028.

Wanhua Chemical and ElevenEs partner to secure LFP supply chain in Europe

Wanhua Chemical has signed a strategic agreement with Serbian manufacturer ElevenEs to establish a localised supply chain for LFP battery materials, reinforcing their technical and industrial cooperation in the European market.
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Serbia extends gas contract with Russia until 30 September

Belgrade has confirmed the temporary extension of its gas supply contract with Moscow, ensuring the daily delivery of 6 million cubic metres until autumn at an unchanged price.

Serbia negotiates renewal of gas contract with Russia ahead of expiration

Belgrade aims to retain favourable pricing terms for Russian gas imports as the current contract nears its May 31 deadline.

Washington grants another two-month reprieve for sanctions against NIS

The United States extends until June 27 the suspension of sanctions targeting NIS, the Serbian energy company controlled by Gazprom, providing strategic relief to gas-dependent Serbia.
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United States extends suspension of sanctions against NIS in Serbia

Washington again delays the enforcement of sanctions against NIS, the Serbian energy company controlled by Gazprom, extending the status quo until the end of April according to Serbian President Aleksandar Vucic.

Bosnia Adopts a Law to Reduce Its Gas Dependence

A Bosnian entity adopts a text to build a gas pipeline toward Croatia. This measure aims to diversify supply and reduce reliance on Russian gas, under the notable impetus of American diplomacy.
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Project for a new hydroelectric power station on the Danube

Romania plans to join Serbia in building a third hydroelectric power station on the Danube, an ambitious but controversial project due to its environmental and navigability impacts.

Russian gas pipeline: reduced flows to Europe in April

In April, Russian gas flows to Europe declined, with a notable reduction via the TurkStream pipeline.
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EU-Azerbaijan: cross-border energy cooperation

The 10th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the 2nd Green Energy Advisory Council in Baku on March 1, 2024 strengthen international energy cooperation. With the participation of 23 governments and 52 entities, this event highlights the EU-Azerbaijan energy partnership. Discussions focused on energy transition, reducing emissions and strengthening energy supplies.
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Serbia-Bulgaria Gas Pipeline, Beginning of a New Energy Era?

Serbia inaugurates a gas pipeline with Bulgaria, marking an energy turning point by reducing its dependence on Russian gas in favor of Azeri gas.

CWP Europe signs an investment agreement for 300 MW

CWP Europe and Power China Resources have signed an agreement to build Serbia's largest wind power plant, Vetrozelena, with a planned installed capacity of 300 MW. This project represents one of the largest foreign direct investments in Serbia and will provide green electricity to more than 185,000 households.

Precarious lull in world gas prices

Natural gas prices are experiencing a lull in global markets, but could quickly rebound. The authors of the quarterly study by the Oxford Institute for Energy Studies point out that prices remain well above the average of the past five years.
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In the Lithium Race, France Plans One of the Largest Mines in Europe by 2027

One of Europe's largest lithium mines should enable cars to wean themselves off CO2-emitting oil.

Romania: Searches in a Serbian Company, subsidiary of Gazprom

Romanian authorities searched the premises of a Serbian oil company controlled by the Russian giant Gazprom.