Energo - CEE/FSU Power

The Age of Electricity is here -IEA

Electricity is becoming the most important source of energy, but the International Energy Agency warned that the world is entering a period of heightened energy insecurity marked by geopolitical volatility, rising demand, and an oil glut.

Ex-owner of PornHub said to bid for assets of Russian Lukoil along with Exxon

Austrian investor Bernd Bergmair, the former majority owner of adult entertainment conglomerate MindGeek, has expressed interest in acquiring foreign assets of Russian oil giant Lukoil.

EU finalises timeline for Russian gas phase-out

The European Council and European Parliament reached a provisional deal on December 3 to phase out all Russian natural gas imports, according to an official EU Council

Tyre-burning greenhouses among those targeted in Tashkent-centred clean-up amid air pollution crisis

Uzbekistan is stepping up efforts to ensure greenhouses around the capital Tashkent run on clean or cleaner energy, given dirty emissions that have contributed to the city’s air pollution crisis.

Czech state fuel distributor Čepro to invest CZK1bn into gas station network

Montenegro’s EPCG appoints Zdravko Dragaš as new executive director

Bulgaria signs key deal to advance new nuclear units at Kozloduy

Bulgaria has signed a major contract to build two new nuclear reactors at its Kozloduy nuclear power plant, using Westinghouse’s AP1000 technology, in a move officials say will strengthen the country’s long-term energy security.

Tajikistan brings in power consumption restrictions similar to those put in place by crisis-hit neighbour Kyrgyzstan

Tajikistan has brought in electricity consumption restrictions similar to those already put in place by neighbour Kyrgyzstan, which is enduring a dire power deficit.

Gunvor founder and CEO Törnqvist steps down and sells stake

Kazakhstan launches fully automated inspection line for uranium fuel pellets at Ulba plant

Kazakhstan has taken a major step forward in nuclear fuel manufacturing as the Ulba Metallurgical Plant (UMP) in Ust-Kamenogorsk launched a fully automated inspection line for uranium fuel pellets and expanded production of fuel assemblies.

India still committed to working out viability of importing coking coal from Mongolia, says report

India is still committed to ascertaining the viability of importing coking coal from landlocked Mongolia despite transport bottlenecks that are proving a serious headache.

UK-listed EMH announced obtaining of €360mn Czech-administered grant for Cínovec Lithium site

The Australian and UK listed mineral exploration and development company EMS announced that its joint venture with majority-state-owned Czech energy utility ČEZ, Geomet, has been awarded the Czech-administered €360mn grant.

Debt of Russian RusHydro hydropower major up 30% in 9M25

Profit of sanctioned Russian Rosneft drops 70% in 9M25

Profit of Russian state oil major Rosneft down 70% under IFRS in the first nine months of 2025 as the company has been hit by the US sanctions

Russian gas giant Gazprom ups profit 13% in 9M25

Russian gas giant Gazprom giant maintains net profit in 9M25 under IFRS despite the debt pile

Mongolia reports 900 km of progress in building out rail to link mining zones with land ports on China border

Mongolia has in the last four years reportedly built around 900 kilometres (559 miles) of new railway across the South Gobi region to connect key mining zones to two land ports on the border with China.

Ukraine better prepared for potential blackout as Russia targets power system – Ukrenergo chief

Ukraine is far better equipped to withstand a potential nationwide blackout caused by Russian strikes than it was two years ago, the head of the country’s electricity transmission operator Ukrenergo said on November 27.

Latvian-state owned energy holding reports €163.9mn profit for 9M25

Latvenergo Group reported a decline in revenue, earnings and profit as lower water inflow on the Daugava River reduced hydropower generation.

Turkey surpasses 38 GW in solar and wind capacity, targets 120 MW by 2035

Turkey’s Minister of Energy and Natural Resources, Alparslan Bayraktar, has announced that installed national solar and wind power capacity has exceeded 38,000 megawatts (38 gigawatts) as a result of nearly $30bn in investment.

Turkey’s EV charging investment stands at $600mn, another $1.2bn required by 2035, says e-mobility expert

Slovak employers association criticises new gas tariffs

Czech Sev.en energy group to switch off two largest coal-powered plants by March 2026

Czech Sev.en energy group controlled by controversial coal tycoon Pavel Tykač is to switch off coal-powered electricity plants Počerady and Chvaletice and the Kladno heat plant by March 2027.