News about Energy

JPMorgan has sharply lowered its forecast for Brent crude oil prices over the next six quarters. The bank believes that falling demand is a more significant factor than the decline in inventories.

The Republic of Moldova ranks 64th out of 120 in the World Economic Forum’s Energy Transition Index 2026.

The Republic of Moldova will not extend the state of emergency in the energy sector, which expired on Tuesday, despite ongoing risks related to energy supplies.

For energy projects of common and mutual interest to European Union member states and member states of the Energy Community, the government is establishing a priority framework for institutional coordination. These projects will benefit from expedited approval procedures.

The renewable energy power plants operated by the Lumina Noastră consortium—one of the winners of the first renewable energy auction—were inspected by an interagency commission composed of representatives from the Ministry of Energy, the National Energy Regulatory Agency (ANRE), and the state-owned enterprise Moldelectrica.

Following the reduction in Russian gas supplies, Europe has begun to purchase more liquefied natural gas (LNG) on the global market. However, this market remains global: European buyers are competing for the same volumes with Asian countries, where energy demand is also growing.

Elon Musk doesn’t do anything on a whim. He retweeted a post by a X user named Rothmus that analyzes the “green transition” in China and Europe (primarily in Germany).

The Romanian company Delgaz Grid, an operator of electricity and natural gas distribution networks, has secured a syndicated refinancing facility worth 3 billion Romanian lei (approximately €573 million). The funds will be used to increase the company’s financial flexibility and support its energy infrastructure modernization program.

European retailers are warning of rising prices and weakening demand due to the protracted conflict in the Middle East. The situation is having a significant impact on fuel prices, logistics, and consumer sentiment.

Prime Minister of the Republic of Moldova Alexandru Munteanu met today, June 18, with representatives of the World Bank to discuss priority projects aimed at strengthening the Republic of Moldova’s energy security, according to a statement from the government’s press office.

Moldovagaz JSC will face penalties if the company fails to fulfill its obligation to establish and maintain natural gas reserves intended for consumers on the left bank of the Dniester.

Global investment in the energy sector is expected to increase by 5% by the end of 2026 compared to last year, reaching $3.4 trillion.

Demand for oil is falling faster than expected. Global supply in the oil market could significantly exceed demand if lasting peace is established in the Middle East. The global oil market could face an oversupply if the agreement between the U.S. and Iran remains in effect and shipments through the Strait of Hormuz begin to resume. This is the conclusion reached by the International Energy Agency (IEA) in its monthly report.

Moldova aims to remove some of the administrative barriers involved in the installation of energy storage systems. This is provided for in a draft law reviewed by members of the Committee on Economy, Budget, and Finance at today’s meeting.

Between 2024 and 2027, 1.4 billion lei will be mobilized through the Moldovan Residential Energy Efficiency Fund (FEERM) to improve the energy efficiency of housing.

Shipping traffic in the Strait of Hormuz will not resume in the coming weeks, despite preliminary agreements between the U.S. and Iran on a peace deal.

European leaders are trying to shift U.S. President Donald Trump’s stance on Ukraine, seeking more active involvement from Washington in supporting Kyiv and new diplomatic efforts to end the war.

The Ministry of Energy has published the annual report on the activities of the Board of Directors of the state-owned enterprise Moldelectrica for 2025.

The Ministry of Energy of the Republic of Moldova and the EIT Urban Mobility Innovation Hub East have signed a Memorandum of Understanding that opens up new opportunities for cooperation in the areas of sustainable mobility, innovation, and the development of modern energy solutions.

On average, the cost of a kilowatt-hour of electricity in Moldova between 2023 and 2026 was $0.177. This figure ranks our country 60th in the world (out of 145 countries surveyed).