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Energy & Environment
Report: Romania has the lowest energy consumption in the EU
Thursday, October 18, 2018
Romania has the lowest energy consumption per capita in the European Union and needs to increase its domestic consumption by expanding distribution networks and investing in new natural gas-based power plants, according to the report “The Outlook for natural gas in Romania and proposals for its value-added capitalization”, written by energy experts Vasile Iuga and Radu Dudau, consulted by Business ...
AOAR: Romania needs a law to be restored in operation or construction of energy production units
Thursday, October 18, 2018
Romania firstly needs a law which allows the putting back into use or the construction of new units for the production of electricity (group of almost 800Mw similar to that of OMV Petrom) the progressive replacement of the feeding of thermo-units on oil and/coal considers the Association of the Business People of Romania (AOAR) in a document presenting their position on the debate referring to the fiscal regime applicable to the oil resources and natural ...
Arielle de Rothschild leaves Romanian electricity distribution group’s board
Thursday, October 18, 2018
Arielle Malard de Rothschild has decided to leave the board of directors of Romanian electricity distribution holding Electrica, the group announced on Friday, October 12. She made this decision due to “additional core activity responsibilities”, according to the announcement. However, the announcement comes at a time when the Romanian authorities are making back steps in enforcing corporate governance in state-owned ...
Wind energy provided 30pc of the energy consumption in Romania during Saturday, third in Europe
Thursday, October 18, 2018
Wind energy has provided 30 per cent of the energy consumption in Romania on Saturday, which ranked our country third in Europe after Denmark (76 pc of the consumption) and Portugal (50%). According to Wind Europe association, wind energy is providing 29% of the Spain electricity consumption (ranking 4th), followed by Sweden (29%), Germany (27%), UK (26%), Greece (24%), the Netherlands (17%) and Belgium (16%). Germany is the ...
Alro plans USD 61 mln. investments in 2018, energy efficiency included
Thursday, October 18, 2018
Romanian aluminium smelter Alro said on Tuesday it is continuing its USD 61 million (53 million euro) investment programme this year, focusing on extending client portfolio, enhancing the hot rolled products quality and reducing energy dependency, the company said ...
PRIMARY ENERGY RESOURCES up 2.8pct. DURING 1.I.–31.VIII.2018
Thursday, October 18, 2018
During 1.I – 31.VIII.2018, primary energy resources increased by 2.8%, while those of electricity increased by 0.2% as compared to the same period of previous year. Romania's primary energy sources increased by 2.8pct in the first eight months of 2018 and electricity sources advanced 0.2pct from the same period of the previous year, according to data released on Thursday by the National Institute of Statistics ...
Dumitru Chisalita denounces misinterpretations, wrong calculations and penalties in applying the Network Code
Thursday, October 18, 2018
On October 1, 2018, a new Network Code entered into force, and Dumitru Chisalita, chairman of the Intelligent Energy Association, warns on a series of anomalies that occurred with the application of the previous Network Code, energynomics.ro informs. This would have resulted in erroneous calculations of “capacity overruns, imbalances, and even of billing of services based on these allocations.” Subsequently, there were ...
Fitch confirms the long-term rating of Transelectrica at ‘BBB’ with stable perspectives
Thursday, October 11, 2018
Fitch Ratings confirmed at ‘BBB’ the long-term rating for the national electricity transporter Transelectrica with stable perspective,show a press release of financial evaluation.The rating reflects the profile of individual creditation of the company but Fitch warns that any improvement is limited by the connections with Romania( rating ‘BBB minus with stable perspective) which owns 58.7 % of ...
One more week for discussions on the Offshore Law – Calculations on fiscal regime start from scratch
Thursday, October 11, 2018
Speaker of the Chamber of Deputies, PSD ( social-democrat- ruling party) chairman Liviu Dragnea said on Saturday that “a consensus has been reached” regarding the Offshore Law, in the sense that the leaders of the groups in Parliament should look “more carefully” on figures, energynomics.ro informs. A new vote could be scheduled at the earliest next week. Meanwhile, Calin Popescu Tariceanu , ...
As many as 60 hydro-technical works to be finished this year
Thursday, October 11, 2018
This year as many as 60 hydro-technical works will be finished throughout the country, one of them being already started, the Minister of Waters and Forestry, Ioan Denes sated on Friday in Borca, during the Prime Minister Viorica Dancila's inspection to the hydro-technical works in the area."Currently, nationwide, 29 hydro-technical objectives are currently at different stages of execution. As of next week, we will begin works at 31 other objectives. We point out ...
IEA: Renewable energy gaining ground worldwide
Thursday, October 11, 2018
The share of renewable energy used at the global level is expected to grow by around 20 percent in the following five years, to 12.4 percent in 2023, according to a report published on Monday by the International Energy Agency (IEA). In the electricity sector, renewable energy will have the highest growth rate (hydroelectric plants, solar power, wind power, bioenergy and tidal power), and will supply almost 30 ...
Analysis: Finding the right mix in Romania’s energy sector
Thursday, October 11, 2018
Romania’s energy sector has gone through several inflexion points in the past 20 years, marked by a wave of privatizations and attempts by the state to start new investment projects that have yet to materialize, Business Review reads. In the gas sector, the eyes of investors are fixed on the Black Sea, where discovered deposits could help the ...
Renewable electricity producers received 10.2 million green certificates in the first eight months
Thursday, October 11, 2018
Renewable electricity producers in Romania received a total of 10,266,855 green certificates in the first eight months of this year, according to data posted on the Transelectrica website quoted by http://business-review.eu. At the same time, green energy producers generated a total of 5,945,420 MWh, from 1 January to 31 August 2018. Most green certificates, namely 4.2 million, have entered the ...
Norway blocks OMV-Gazprom swap deal; Austrian group to buy Siberian assets from Russian giant
Thursday, October 11, 2018
Austrian energy group OMV, the owner of Romania’s largest oil & gas group OMV Petrom, said it had agreed to buy Siberian gas assets from Gazprom instead of swapping them for some of its own assets, giving in to opposition from Norway to the initial plans, according to Reuters quoted by http://business-review.eu Norway is Europe’s second-largest gas supplier after Russia. Under a deal agreed in late 2016, OMV ...
‘Disappointed’ EU capitals agree on 35% car CO2 cuts
Thursday, October 11, 2018
EU environment ministers took until nearly midnight on Tuesday (9 October) to agree on a common position for car and van CO2 emission cuts for 2030 but several member states were left “disappointed” with the final agreement, euractiv.com informs. In an attempt to tune-up the European Commission’s initial 30% emission cuts proposal, Austria’s EU Presidency tabled a 35% offering, which ultimately ended up being split into separate ...
OMV Petrom signs transfer accord for nine reserves to Mazarine Energy
Thursday, October 4, 2018
OMV Petrom, the largest energy company in South-Eastern Europe, concluded an accord for the transfer of licences for nine onshore crude and gas reserves in Romania to Mazarine energy Romania, a subsidiary controlled by Mazarine Energy BV. The accord includes the transfer of drills and infrastructure and 100 employees to Mazarine Energy. The nine reserves, located in the Moinesti Zemes area, with a cumulated production of crude and gas of 1,000 bep/day, ...
PSD’s changes to Offshore Law reverted to specialized committees of the Chamber of Deputies
Thursday, October 4, 2018
The Social Democratic Party (PSD) was defeated in its attempt to amend the Offshore Law and did not receive the final vote from the Chamber of ...
Transgaz to receive 46-million-euro grant to develop National Gas Transmission System
Thursday, October 4, 2018
Transgaz will receive a 46-million-euro grant from the Large Infrastructure Operational Programme for the development of the National Gas Transmission System's capabilities in the North-East area of Romania, Alexandru Macoveiciuc, spokesman for the Ministry of Economy, told a Friday's press conference."Transgaz will sign in the next period a contract to receive a 46 million euro grant from the Large Infrastructure Operational Programme for the development of ...
EDP Renewables installs energy storage system for wind farms in Cobadin
Thursday, October 4, 2018
Spanish EDP Renewables, one of the world’s largest wind power companies, has opened today a facility for wind energy storage based on Cobadin (constanta county) wind farm batteries in Romania, http://business-review.eu reports. The Storage Project, as this EDPR business has been called, is an essential technological development in energy storage. When there is excessive production, the system will charge ...
Iuga, Dudau: Developing the offshore gas sector is a historic opportunity for Romania
Thursday, October 4, 2018
The Black Sea could become a new North Sea in terms of oil and gas reserves, but for their exploitation, the fiscal framework needs to be balanced so that the state, society and companies can win, shows a study by experts Radu Dudau and Vasile Iuga at the request of the Federation of Oil and Gas Employers (FPPG), energynomics.ro informs. The development of the offshore gas sector is a historic opportunity for Romania, which can bring energy, economic and social security ...