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Category: Energy
Romania became the largest recipient of the latest tranche of funding from the European Union’s Modernization Fund, receiving 636.9 million euros for investments in the energy sector out of a total of 2.5 billion euros, allocated to 11 EU member states.
One of Georgia’s largest industrial projects—the oil refinery in Kulevi—will completely cease processing Russian crude oil starting in August–September 2026. This was announced by Black Sea Petroleum, the company that operates the facility.
At 10:00 a.m. today, 145 power plants operating under free-market conditions were shut down because they were unable to sell their electricity through OPEM.
In June, the state-owned company Energocom purchased 41.3 million euros worth of electricity, a 12% increase from May, amid a heat wave and a sharp rise in prices on the stock exchange.
The Danish shipyard Fayard remains the last facility in the European Union that continues to service specialized Arc7 ice-class gas carriers used to transport Russian liquefied natural gas from the Yamal LNG project.
The Republic of Moldova presented its achievements, current environmental challenges, and ways to improve regional cooperation on environmental protection at the second EU4Green Recovery East regional meeting in Paris.
Europe is the fastest-warming continent on the planet: its climate is changing at roughly twice the global average rate. As temperatures continue to rise, a key question arises: Is Europe prepared for a hotter future?
According to a statement from the Ministry of Energy, construction work on the 400-kV Vulcănești–Chișinău overhead power line and related infrastructure has been completed, and the “Energy Independence” line has entered the final stage of testing prior to its commercial commissioning.
In Moldova, on June 30, 2026, Law No. 119 of June 26, 2026, on the security of petroleum product supplies, entered into force. The purpose of the law is to establish a comprehensive regulatory framework necessary to ensure the security of petroleum product supplies by creating an effective storage system.
Romania has increased its natural gas supplies to Moldova by 50% compared to last year, raising them from 2 million m³ to 3 million m³ per day.
The Ministry of Energy of the Republic of Moldova and the International Bank for Reconstruction and Development (IBRD), a member of the World Bank Group, have signed an agreement to provide grant funding of up to $1.7 million to prepare a project for the construction of new, highly efficient thermal and electric power generation facilities for Termoelectrica S.A.
U.S. President Donald Trump has demanded that companies that sell gasoline in the United States immediately lower their prices.
Spain had been developing renewable electricity so aggressively that it eventually found itself with a surplus.
Gas prices on European exchanges are rising again. On Monday, the price of July futures on the TTF hub rose by more than 3%. Prices recovered from their recent drop below $490 and are once again heading toward the psychological threshold of $500 per thousand cubic meters.
A report by the European Environment Agency (EEA) titled “Overheated and Underprepared” states that approximately one in ten EU residents has difficulty accessing sufficient quantities of safe and clean water. The problem is most acute in Cyprus (36.5%) and Greece (31.5%). The situation is only slightly better in Bulgaria (27%), Romania (21%), and Hungary (20%).
The 400-kV Bălți–Suceava power line, dubbed the “Line of Sustainability,” will be built by the Turkish company SA-RA, which won an international tender; the contract between SA-RA and the state-owned company Moldelectrica was signed last Friday.
Using land for both electricity generation and food production is a promising solution.
Russian President Vladimir Putin publicly acknowledged for the first time that the country is facing a fuel shortage due to Ukrainian drone strikes on oil refineries and energy infrastructure facilities. He emphasized, however, that the situation is not critical.
At the meeting of the secretaries-general on June 22, a draft resolution of the Moldovan government was reviewed and approved, exempting the state-owned enterprise Moldelectrica from paying to the budget income tax on revenue received in 2025 in the amount of 26,997,786,25 lei.
In 2026–2027, the price of oil will fluctuate between $70 and $80 per barrel.
