Serbia will need to find alternative supply routes for supplies of Russian gas by 2019, Director of Serbia's state-owned gas enterprise Srbijagas Dusan Bajatovic said.
Six state-controlled companies - including the energy ones: PGE and Energa - have agreed to invest in a newly established state-owned coal mining group, PGG (Polish Mining Group).
The announced construction of a new gas pipeline, the Nord Stream 2, raises questions about the economic and political power of Russia and Gazprom.
Baltic energy companies are active against the backdrop of an ever-present regional threat.
The Lithuanian and Japanese governments have signed a memorandum of co-operation on nuclear energy matters, meanwhile Estonian government signed a deal with Russian Gazprom.
The governing Law and Justice (PiS) is weighing up legislation that could swing Poland’s energy mix in the direction of coal, shale and possibly biomass.
Lukoil, Russia’s largest private oil company, will sell 230 petrol stations in Poland and the CEE region.
Czech energy company ČEZ has submitted a non-binding offer to buy Swedish Vattenfall’s German brown coal and hydroelectric activities.
Kompania Węglowa, which was on the brink of bankruptcy, is in talks with trade unions over wage cuts
US company Exxon and Romania’s biggest oil company OMV Petrom have estimated a gas deposit they are exploring in the Black Sea at about 100 billion cubic meters.