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Energy & Environment
Romania imports over two million toe in Q1 2019
Thursday, May 30, 2019
In the first three months of 2019, Romania imported some 2.035 million tonne of oil equivalent (toe) by 82,200 toe (3.9pct) lower than the one imported in the similar period of 2018, according to data released by the National Institute of Statistics (INS).The crude oil output totalled in the mentioned period 829,000 toe, by 0.1pct (1,200 toe) higher than the previous year's one.The main raw energy resources have accounted for 8.725 million toe, down by 172,800 ...
Romania's OMV Petrom, GSP Offshore sign 5 mln euro deal for Gloria rig decommissioning
Thursday, May 30, 2019
Romania's top oil and gas group OMV Petrom [BSE:SNP] said on Thursday it has signed a 5 million euro ($5.6 million) contract with local company GSP Offshore for the decommissioning of the Gloria offshore platform, seenews.com informs. The platform has reached the end of its economic lifetime limit after more than 40 years in service, OMV Petrom said in a statement. The decommissioning is a complex process, which will be undertaken for the first time in ...
Electric car usage leads to higher sales of charging stations
Thursday, May 30, 2019
The search for a clean life is pushing Romanians towards electric cars and off-the-grid solutions for households. According to Dan Tudose, manager and owner of E-acumulatori.ro, Romanians will buy 20 percent more electric charging stations this year compared to 2018. “According to statistics, currently there are 1,100 electric cars in our country, with about 390 charging stations available. In 2018, 1,000,000 electric cars were registered in the European Union, with 8 vehicles ...
Energy ministry asks investors for KPIs for European ETS funds by June 1 – too short of a term
Thursday, May 30, 2019
The Energy Ministry has urged investors to provide the main investment indicators for EU ETS in just two weeks to meet the June 1 deadline demanded from Brussels, industry sources told energynomics.ro. “It’s a too short term, we cannot calculate all these indicators so quickly,” the quoted source said. As ...
EU-ETS system allows for investment worth more than 45 billion euros by 2030
Thursday, May 30, 2019
The European Union offers member states at least 45 billion euro through the EU ETS to meet its climate targets for 2030, according to a study by the European Roundtable on Climate Change and Sustainable Transition (Ercst) and Central Europe Energy Partners (CEEP). According to the document consulted by energynomics, if the value of an ETS allowance is of 20 euro (the minimum scenario), Romania has at its disposal until 2030 about: 2.5 billion euro via the Solidarity Provision, ...
Deputy Iulian Iancu announces the Law 123 will be changed before the end of June
Thursday, May 30, 2019
Energy distributors will be forced to connect free of charge the consumers within 2.5 km of the grid. The Committee of Industries and Services of the Chamber of Deputies is preparing to amend the Law on Electricity and Natural Gas. The amendment of Law 123 is imperative, and is proposed to be finalized until the end of June, before the parliamentary holiday, the chief of the Commission, Iulian Iancu, said. Invited to the launch of the ...
GEO 114 diminished the gas market liquidity and increased prices for companies
Thursday, May 30, 2019
The amount of gas available to non-household customers on centralized markets has significantly decreased, which has led to price increases, as producers have been obliged, as of 1 May 2019, to sell gas to households and thermal energy on the balancing market at the price of 68 lei, in the context of the implementation of the new legislative provisions imposed by Ordinance 114/2018. In the period of January 2019 – April 2019, Transgaz purchased more expensive gas than the ...
CEZ plans to sell all Romanian assets
Thursday, May 30, 2019
The Czech utility group CEZ plans to sell its assets in Romania as a part of the strategy to increase its operations profit in the coming years. The plans include the sale of assets in Romania, Bulgaria, Turkey and Poland and focus on the Czech market, as the group announced on Monday morning. According to an answer to Agerpres request, the company says that the decision it is not related to the local market and there is no pressure to withdraw investments in a short time. CEZ ...
EY Study: Renewable energy is taking strides towards a subsidy-free era
Thursday, May 30, 2019
The renewable energy sector is entering a new phase of subsidy-free growth across the world, according to the 53rd EY Renewable Energy Country Attractiveness Index (RECAI). Mainland China and the US remain at first and second positions respectively on the top 40 ranking, while France moves up two positions to third from fifth, led by a new focus on floating offshore wind capacity and doubling of its annual targets for onshore wind capacity additions. Other notable gains in position ...
Study: Romanians think their country is on the right path in transition to renewable energy
Thursday, May 23, 2019
Romanians consider with optimism the country's progress in the transition to the use of energy from renewable sources and already consider that half of the distance has already been completed, according to an opinion poll made by E.ON and Kantar EMNID in ten countries. European countries have set ambitious objectives for the passage from the production of energy based on conventional sources (coal,gas) to energy from renewable sources (wind, water , ...
Works on the BRUA gas pipeline accelerated
Thursday, May 23, 2019
Transgaz claims that work at BRUA is accelerating, and the deadline for completion is kept on for December 31, 2019. Transgaz also says workers from Ukraine, Macedonia, Montenegro and Turkey have been brought and that there are currently more than 5,000 people on construction sites, according to hotnews.ro. “The works on BRUA gas pipeline project – Phase I continue, these being even ...
IRE calls on all relevant associations to work together for energy sector
Thursday, May 23, 2019
The Romanian National Institute for the Study of Energy Sources and Use - IRE, Romania's representative at Eurelectric - the Union of Electricity Industry, calls for mobilization on all relevant associations to work together for the energy sector because they believe that a common voice is stronger and better heard at the level of decision makers."We are experiencing a complicated period worldwide. Climate change, which we all feel, is seen as one of the greatest ...
CEZ Group to sell its businesses in Romania
Thursday, May 23, 2019
Czech group CEZ is reportedly planning to sell off its business in Romania, including energy distribution, supply and production, according to industry sources cited by profit.ro. Sources said that Romanian authorities had already been informed of the company’s plans. A Czech official is expected in Bucharest on Thursday to discuss CEZ’s next steps, but company representatives have not yet made any ...
Nord Stream 2 gas pipeline opening to be delayed to 2020
Thursday, May 23, 2019
The timetable for the Nord Stream 2 pipeline project to Germany is changing, according to Gazprom general manager Alexey Miller, cited by Reuters. His statement comes after Nord Stream 2 AG project operator announcement that the delay in obtaining licenses in Denmark could postpone the opening of the gas pipeline to 2020. Russian gas group Gazprom will bear half of the construction costs of the Nord Stream 2 pipeline, estimated at EUR 9.5 billion. The ...
Gazprom confirms first gas via TurkStream by December
Thursday, May 23, 2019
TurkStream sub-sea section and Russia’s land section have been finished while Turkey’s onshore section is nearly 73% complete. Russia’s Gazprom expects to send its first gas through the TurkStream natural gas pipeline to Turkey by the end of December, Gazprom’s deputy chairman Vitaly Markelov said late Tuesday. He confirmed that the sub-sea section to transport 31.5 billion cubic meters per year from ...
EU renewable electricity hopes get welcome jolt
Thursday, May 23, 2019
Fifty percent of the EU’s electricity will have to come from renewable energy sources by 2030 but the issue is more than just a matter of building more solar panels and wind turbines. The structure of Europe’s power grid will have to change, euractiv.com reads. According to new EU rules for the next decade, the bloc will have to get 32% of total energy from renewable energy by 2030 and make sure 14% of transport’s needs are from clean ...
Tariceanu to the PM: Mind the Exxon-OMV offshore contract
Thursday, May 23, 2019
Senate President Calin Popescu Tariceanu asks the prime minister to pay more attention to the extension of the concession contract that would allow the consortium formed by Exxom and OMV to exploit the Black Sea gas, saying that without the contract, the two companies would not invest in the offshore project, according to news.ro and profit.ro. “As you know, last year, in Parliament, we made a series of adjustments and adopted the law on offshore ...
ANRE is working on the aggregation of renewable sources
Thursday, May 23, 2019
The market regulator, ANRE, pledges the possibility of aggregating several players from renewable sources, energynomics.ro has learned. “ANRE is working to the legislation for the aggregation of different sources, such as wind and solar,” the quoted source said. Aggregation could allow both big players and prosumers to take advantage of the game of balancing energy sales between maximum and minimum consumption and production points between ...
OMV Petrom completed the modernization of the Arad fuel depot
Thursday, May 23, 2019
OMV Petrom completed the modernization of the Arad fuel depot, the largest in the west of Romania and the second largest in the country, an investment worth almost EUR 19 million. The terminal in Arad has a storage capacity of more than 32,000 cubic meters, equivalent to over 550,000 car fillings. “With the modernization of the Arad fuel storage, we successfully complete the optimization program for the fuel storage infrastructure. The program ...
Eurostat: În Romania, gas price for households rose by 16.3 pct in 12 months
Thursday, May 23, 2019
The gas price for households in Romania registered the 4th largest growth rate year-on-year in the European Union in the last quarter of 2018, according to Eurostat. As a consequence, Romania isn’t anymore the country with the lowest gas price for households in the EU as gas prices in Hungary are now lower. Romania has now the second-lowest prices for gas and the fifth lowest prices for electricity among the 28 ...