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Energy & Environment
Imports of crude oil, down 0.6pct in first five months of 2019; production, down 0.5pct
Thursday, July 18, 2019
Romania imported in the first five months of 2019 a quantity of 3.44 tonnes of oil equivalent (toe) of crude oil, by 0.6pct (21.700 toe) lower than that of the similar period in 2018, according to data centralized by the National Institute of Statistics (INS).Domestic crude oil production was 1.38 million toe, 0.5pct (7.600 toe) below the one from January to May 2018.According to the Romanian Energy Strategy, the crude oil production in Romania is on a ...
Primary energy supply, up 1pct, Jan.-May, 2019; electricity supply, down 4.5pct
Thursday, July 18, 2019
During 1.I – 31.V.2019, primary energy resources increased by 1.0%, while those of electricity decreased by 4.5% as compared to the same period of previous year. Romania's primary energy supply increased by 1.0pct, while electricity supply declined 4.5pct, both in the first five months of 2019, year-over-year, according to data published on Friday by the National Institute of Statistics (INS).The ...
OMV Petrom, the largest Romanian listed company, becomes ARIR’s member
Thursday, July 18, 2019
The Romanian Investor Relations Association (ARIR) has announced that OMV Petrom, the largest Romanian listed company in terms of market capitalization from Bucharest Stock Exchange (BVB), becomes ARIR associate member. “We are proud to join ARIR. Being among the first Romanian listed companies to have an IR department, we have been pioneers in terms of capital market communication and engagement, and continuously develop our IR activities. ...
ANALYSIS. Romanian gas market: the return of the Russians
Thursday, July 18, 2019
For years, Romania was considered one of the least dependent countries on Russian gas imports, as it had its own resources covering most of its domestic demand. But commentators say things are about to change this year, mainly due to new regulations. After 2013, Romania’s gas imports from Russia rapidly declined, reaching a decades-low of 163,000 tep in 2015. But imports rose again in 2016. In 2017, imports of natural gas ...
Ministry of Energy issues to ExxonMobil license for geotechnical study in Tuzla
Thursday, July 18, 2019
The Ministry of Energy has issued on last Tuesday to ExxonMobil the license to carry out an onshore geotechnical study in Tuzla to build a gas measuring station, a press release issued by the ministry informs. The site where drills and measurements will be made consists of three plots of land with a total area of over 200,000 square meters. The license was issued following the request from ExxonMobil Exploration and Production ...
Gas imports up 5.6 pct in first four months of 2019; production, down 0.4 pct
Thursday, July 11, 2019
Romania imported in the first four months of 2019 2.803 million tonnes of oil equivalent (toe) worth of usable natural gas, by 5.6 percent (147,600 toe) more than in the same period of 2019, show figures centralised by the National Institute of Statistics (INS).The domestic natural gas production in the reporting period stood at around 1.1 million toe, by 0.4 pct (4,600 toe) below the one in the January-April 2018 interval.According to Romania's Energy Strategy, ...
Environment Ministry prepares EUR 3 bln projects from EU funds in 2021-2027
Thursday, July 11, 2019
Environment Ministry prepares EUR 3 billion projects from European cohesion funds in the 2021-2027 EU long-term budget. Future investments target mainly waste management, air quality and biodiversity. Romania has proposed to the EU a comprehensive investment program for the future financial exercise: separate collection infrastructure, intelligent systems for implementing the ” pay-as-you-throw” principle, upgrading the waste sorting infrastructure, investing in ...
Romania could buy hydrogen-fueled trains
Thursday, July 11, 2019
Romania could become the first country in Central and Eastern Europe to buy hydrogen-fueled trains for passenger rail transport, according to Club Feroviar online publication quoted ...
Amerocap reportedly earmarked USD 100 mln to invest in Romania's Oil Terminal Constanta
Thursday, July 11, 2019
US investment fund Amerocap considers three alternative scenarios for investing over USD 100 million in the Romanian oil terminal (Oil Terminal Constanta, OTC) at the Black Sea, according to the non-binding offer submitted by the investment fund ...
Govt. considers abrogating 2% turnover tax for energy companies
Thursday, July 11, 2019
The 2% turnover tax levied to companies in the energy sector under the so-called “greed ordinance” OUG 114/2018, will be eliminated, according to official sources quoted ...
Wired: Romania’s electricity sector switches to turbulent mode
Thursday, July 11, 2019
Romania was long an electricity exporter in the region as its Communist-built power supply industry was large and diversified. But the situation has changed dramatically this year due to lack of investment, poor management and regulatory changes, say pundits. “Electricity is really just organized lightning,” the American comedian George Carlin once said. The key word in this sentence is “organized”, many energy experts would add. In order to get ...
Price of Romanian natural gas has become 33 pct higher than import gas price, in June
Thursday, July 11, 2019
The price of natural gas domestic production has increased by 33 percent as compared to that of import gas in June, according to data published by the Romanian Commodities Exchange (BRM).Thus, in June, the Romanian gas price was the same as in May, namely 101.24 lei per MWh, the highest monthly average ever recorded on the commodities exchange.This despite the fact that, as a rule, the gas price is low in June, as consumption is low. For comparison, in June 2018, the ...
Coal production down 7.8 per cent in January-April, imports up 23.7 pct
Thursday, July 11, 2019
The coal production in Romania reached 1.284 million tonnes of oil equivalent in the first four months of the year, by 7.8 per cent (108,000 toe) below the level recorded in the same period last year, according to data provided by the National Institute of Statistics (INS).In the same interval, Romania imported 175,800 toe net coal, by 33,700 (23.7 per cent) more than the quantity imported in January - April 2018.According to the Energy Strategy project published on ...
Fondul Proprietatea: Selling 8pct of Petrom to employees a nightmare, since legislation not clear
Thursday, July 4, 2019
The gov't intent to sell up to 8 percent of the Petrom shares to its employees will be a complex process that will generate litigations to stretch on several years, since the legislation is not clear as regards the beneficiaries and what is exactly the percentage in shares, on Friday asserted in a press conference Johan Meyer, CEO Franklin Templeton Investments and Fondul Proprietatea Fund Manager."If such a transaction occurs, the Government will sell up to 8 ...
Il Sole 24 Ore: Enel SpA could leave the Romanian market
Thursday, July 4, 2019
Enel SpA, the largest utilities company in Europe, is considering the possible sale of its assets in Romania, ‘Il Sole 23 Ore’ informs. Among those interested in the Enel assets in Romania are the Australian fund Macquarie, GIC – the Singapore sovereign investment fund and an investment fund from Kuwait specialized in infrastructure, Wren House, the source ...
BRM launches the service of Central Counterpart on the natural gas market
Thursday, July 4, 2019
The Romanian Stock Exchange for Goods ( Bursa Romana de Marfuri - BRM) launches in July the market of standardized goods on medium and long term for the trading of natural gas, as BRM insures the services of Central Counterpart according to a press release.‘To meet the needs of the participants on the natural gas market and with the purpose of sustainable development of the market in general, BRM launches starting with July 2019 the service of Central ...
OMV Petrom starts new drilling campaign in the Black Sea
Thursday, July 4, 2019
OMV Petrom, the largest Romanian energy company, started new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. Two new wells will be drilled by the end of the year, requiring investments of over 30 million ...
Competition Council Launches ‘Fuel Prices Monitor’
Thursday, July 4, 2019
Competition Council launches ‘Fuel Prices Monitor’ The Competition Council has launched, on Monday, the ‘fuel prices monitor’, an online platform which ...
ANRE: Regulated gas price drops by more than 5% as of July 1
Thursday, July 4, 2019
The National Regulatory Authority for Energy (ANRE) decided last Monday to reduce the gas prices on regulated regime by over 5% for all households, as of July 1, the authority ...
Romania's electricity imports up 80pct, exports fall to half January through March
Thursday, July 4, 2019
Romania imported by 80pct more electricity in the first three months of 2019 against the same period of 2018, whilst its exports halved, according to the last electric power market's monitoring report carried out by the National Energy Regulation Authority (ANRE).So, if the Jan-March 2018, imports saw 0.63 TWh, the same period of 2019 parked at 1.13 TWh. Meanwhile, exports fell from 1.83 TWh to 0.86 TWh.The domestic consumption dropped by 2.7pct, from ...