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Energy & Environment
Transgaz and EIB sign in Luxembourg 100 million euro loan agreement for Tuzla-Podisor pipeline
Thursday, January 31, 2019
SNTGN Transgaz SA and the European Investment Bank (EIB) on Thursday signed in Luxembourg the 100 million euros worth loan agreement representing the second tranche of the loan approved for Transgaz, worth 150 million euros, reads a release of the company published on Friday on the BVB Website.The first tranche of the loan agreement worth 50 million euros was signed on December 17, 2018.The EIB granted 150 million euros for the financing of a new ...
EC asks Romania and Estonia to improve management of waste electrical and electronic equipment
Thursday, January 31, 2019
The European Commission (EC) decided on Thursday to send notice of default letters to Estonia and Romania on deficiencies in the transposition of the EU rules on waste of electrical and electronic equipment (Directive 2012/19 / EU -WEE), a press release of the community Executive shows.Waste electrical and electronic equipment, such as computers, TVs, refrigerators and mobile phones represent the fastest growing waste stream in the EU and is expected to grow to ...
Denisson Energy gets a $ 2 million bridge loan from FREE for developing CNG stations
Thursday, January 31, 2019
The Romanian Energy Efficiency Fund – FREE has granted a $ 1.96 million bridge loan to Denisson Energy (Sibiu) to support a total investment of nearly $ 6 million, energynomics.ro ...
EcoMin Badalau: Cuprumin and Moldomin are priorities for the ministry of economy: very many had interest to block them
Thursday, January 24, 2019
Cuprumin and Moldomin are priorities for the ministry of economy, they represent 92% of the production of copper of the country, third in Europe as raw material,and very many had the interest to block them,stated on Thursday at Antena 3 the minister of economy Niculae Badalau. ‘I want to speak about four projects which I have, I hope that two will be accepted (…) they don’t need to be budgeted. Priorities: ...
OUG 114/2018 begins to shake under the reality check
Thursday, January 24, 2019
Almost one month after the adoption of OUG 114/2018, the main opposition party calls for the urgent abrogation of the legislative act, according to the PNL leader Ludovic Orban, energynomics.ro reads. PNL (liberal party – opposition) will ask Parliament to vote on the rejection of the ordinance, Liberal MP Marilen Pirtea, deputy chairman of the Chamber of Deputies, ...
Romgaz, SOCAR want to collaborate in large-scale international projects
Thursday, January 24, 2019
The Romanian state gas producer Romgaz and the similar company in Azerbaijan, SOCAR, have entered into a partnership to collaborate in large-scale international projects."Joining a partnership with a company as big as SOCAR, with the prospect of expansion, is important for us as it will bring major benefits not only to Romgaz, but also to the energy sector and the national economy as a whole. Romgaz wants to expand its business by exploring new opportunities and ...
Hidroelectrica and Nuclearelectrica hit by new government measure
Thursday, January 24, 2019
Two major energy state-owned producers in Romania, Hidroelectrica and Nuclearelectrica, risk being hit by a new government-backed measure that imposes a high share of their output to be sold to households at 5 percent capped profit. According to a new regulation project released by Romanian energy regulator (ANRE), controlled by the government, the suppliers of the electricity regulated market (households) – Hidroelectrica and Nuclearelectrica ...
PM Dancila: construction of Ungheni-Chisinau gas transmission pipeline remains a priority objective
Thursday, January 24, 2019
Prime Minister Viorica Dancila reiterated on Thursday that Romania supports the European journey of the Republic of Moldova and one of the main investment objectives remains the construction of the Ungheni-Chisinau gas transmission pipeline."Romania firmly endorses the European journey of the Republic of Moldova and the joint investment projects, these being certain solutions for the welfare of the citizens of this state. Furthermore, we are carefully watching the ...
Engie takes over Gazprom’s Wirom gas distribution network in Bucharest
Thursday, January 24, 2019
The French energy group Engie will take full control over the Wirom Gas distribution firm in Bucharest that is currently controlled by Gazprom (51.1%) with the rest of 48.8% shares held by Engie. The deal is being analysed by the Competition Council, according to ...
AFEER: Nowhere in the EU there was the change from the free energy market to regulated prices so suddenly and without consultations
Thursday, January 17, 2019
No country in the European Union came back to regulated prices for energy after the deregulation of the market so suddenly and without any consultation with the specialists on the market as Romania wants to do it, stated Ion Lungu, the chairman of the Association of the Suppliers of Electricity in Romania (AFEER).This, in the context where the government approved on 21 December 2018 the emergency ordnance 114 which includes the coming back to regulated prices for ...
Black Sea Oil &Gas received the agreement ACROPO for the development of the area MIdia from the Black Sea
Thursday, January 17, 2019
The Authority for the Regulation of Oil Offshore Operations at the Black Sea (ACROPO) finalized the evaluation of the documentation corresponding to the drafting regarding the development of the Midia area, draft developed by the Black Sea Oil & Gas and gave their agreement so that the draft goes further, according to a press release of the institution.Further on, the ministry of energy must issue the document for the authorization of the offshore ...
New methodology shows how energy and gas companies in Romania should pay the 2 pct turnover tax
Thursday, January 17, 2019
Any company that has a licence for electricity or natural gas distribution will be required to pay a 2 percent turnover tax for 2018 to the National Energy Regulation Authority (ANRE). By February 20, all licence holders will have to report an estimation of their 2018 turnover from energy-related activities to ANRE, according to the application methodology published on Tuesday by ANRE. If companies miss the deadline, the 2 ...
Miners remain on strike as government avoids negotiations
Thursday, January 17, 2019
The management of the Romanian state-owned coal and power complex CE Oltenia (CEO) failed to reach an agreement by Tuesday, January 15, with the miners who went on strike at the beginning of the week despite accepting 10-24% wage hikes with the lowest wages hiked by 24%. The company’s management also promised to approach the Government with the request of waiving the 2% tax on revenues for coal companies, ...
Gold mining project in Certeju de Sus blocked; Cluj Court cancels urban plan
Thursday, January 17, 2019
The gold mining project in Certeju de Sus rural town, Hunedoara County, carried out by Deva Gold, is now blocked, as the Cluj Court canceled the zonal urban plan (PUZ) necessary for the mining works to be approved, for without the zonal urban plan there can no longer be issued the building authorization for the gold mine, claims the Mining Watch Romania organisation, in a release."This is by far the most important step made into stopping this illegal mining ...
The economy used 5.9% more electricity in Jan-Nov
Thursday, January 17, 2019
Romania’s economy used 41.25 TWh of electricity in January-November last year, which was 5.9% more than in the same period of 2017. This compares to an industrial output advance of around 4% (November industrial data was not released yet), implying certain rise of the energy intensity that is in line with the advance of energy-intensive industries (car production, glass and cement production). In contrast, households used ...
PRIMARY ENERGY RESOURCES increased by 1.0% DURING 1.I.–30.XI.2018
Thursday, January 17, 2019
During 1.I – 30.XI.2018, primary energy resources increased by 1.0%, while those of electricity increased by 0.2% as compared to the same period of previous year. The main primary energy resources during 1.I.-30.XI.2018 amounted to 31524.7 thousand tonnes oil equivalent1 (toe), increasing with 297.4 thousand toe as against 1.I.-30.XI.2017. Domestic production amounted to 19207.1 thousand toe, decreasing with ...
Delgaz grid investigated over alleged abuse of dominant position in Romania
Thursday, January 17, 2019
Romania’s Competition Council launched an investigation into a possible abuse of dominant position by Delgaz Grid, a company of the E.ON Romania group, according to a press release of the competition authority. Should the Competition Council find violation of the competition rules, the company involved is liable to a fine of up to 10% of the turnover. The company is checked for having possibly applied discriminatory ...
US threatens EU companies with sanctions over Nord Steam 2, Turkish Stream
Thursday, January 17, 2019
A transatlantic tiff over Europe’s natural gas supply came to the boil on Sunday (13 January), as Donald Trump’s ambassador to Germany threatened firms involved in a pipeline from Russia with sanctions, euractiv.com reads. At stake is a mixture of economic and security interests for Moscow, Washington, Berlin and Paris – with equally direct consequences for Ukraine and other Eastern European ...
Wind energy ensured 20% of the electricity consumption in Romania, fourth place in Europe
Thursday, January 10, 2019
The wind energy ensured on Friday 20% of the electricity consumption, which places Romania on the fourth place in Europe, after Denmark (81% of consumption), Germany (37%) and Austria (23% of the consumption). According to the data provided by the association Wind Europe, the wind energy ensured 19% of the consumption of Portugal (fifth), followed by Sweden (15%), the Netherlands (11%), Spain (10%) and Cyprus (10%). The top of ...
The DAM price of electricity on Monday was over 25% higher than the regional levels
Thursday, January 10, 2019
The price of energy in Romania on the Day Ahead Market was on Monday the highest in the region, at a difference of over 25% compared to other countries with which Romania is coupled, according to data posted on the website of the market operator OPCOM quoted by energynomics.ro. The situation maintained on Tuesday, but the price differential in Hungary fell sharply to around 2%. Thus, for Monday deliveries in Romania, the energy was traded at EUR 83.10 ...