RSS
Energy & Environment
The Ministry of Finance proposes capping the price of natural gas from domestic production for 3 years
Thursday, July 26, 2018
On Friday, July 20th, the Ministry of Public Finance (MFP) withdrew the project for the capping of the natural gas price to 55 lei/MWh starting by 30 June 2021, energynomics.ro reports. The decision was confirmed by Minister Eugen Orlando Teodorovici, who stated that “we discuss all this when we all by ready”. Asked when the discussion could take place, Teodorovici said he did not know, and that “it can last for years,” according to ...
Romania has the 11th production of wind energy and the 8th production of solar energy in Europe
Thursday, July 26, 2018
Romania’s production of electricity on wind energy is 7.4 terawatts per hour, the 11th in Europe, on a par with that of Ireland, the data of 2017 of the British Petroleum company say. As compared to 2016,the production of wind energy of 2017 was higher with 0.8 terawatt/hour and compared to 2015 it was 0.3 terawatt higher.The main difference is that between the production recorded in 2017 and that of 2010 when the production of wind ...
EC: Romania must apply EU norms for industrial emissions or risk referral to EU Court of Justice
Thursday, July 26, 2018
The European Commission has called on Romania to fully transpose in its internal legislation the EU norms regarding limiting emissions for certain polluting substances, http://business-review.eu informs. The Directive in question regulates emissions of SO2, NOx and particles in the atmosphere with the purpose of reducing these emissions and the risks for human health and ...
Romania exported electricity almost everyday in July
Thursday, July 26, 2018
Romania exported electricity almost every moment of July, as a result of the relatively low consumption as well as of the higher price in the neighbouring countries, show the data OPCOM and Transelectrica.Thus, the biggest quantity exported was 1,164 MW on the date of 8th July at 7:00. In the rest, the exports were about hundreds of MW.The only day which was an exception was 19th July when, for a period of several hours our country imported small ...
Jan - May gas imports up 13.4 pct, gas output 1.6 pct higher YoY
Thursday, July 26, 2018
Romania imported 618,300 tonnes of oil equivalent (toe) worth of usable natural gas in the first five months of this year, by 13.4 percent (73,100 toe) more than in the same period of 2017, show figures centralised by the National Institute of Statistics (INS)The domestic natural gas production in the reporting period stood around 3.5 million toe, by 1.6 pct (53,400 toe) more than in the same period last year.According to Romania's Energy Strategy ...
Rompetrol, the first Romanian gas station powered by renewable sources
Thursday, July 26, 2018
Rompetrol Downstream, the retail division of the KMG International Group, recently completed the fitting of the first Rompetrol gas station with high-capacity solar panels, a premiere for Romania and the Black Sea region, the company informs în a press release sent to ACTMedia. "This is an idea that we have been analyzing for at least three years, but which has become viable with technological developments and factors such as the necessary ...
Almost 1.2 million households have changed their power supplier
Thursday, July 26, 2018
The number of household electricity consumers who left the regulated market and concluded new contracts on the free market increased ten times in the past year and a half, reaching almost 1.2 million consumers, according to data provided by the National Regulatory Authority Energy (ANRE), energynomics.ro informs. In the first three months of 2018, the number of households now joining the free market reached 1.18 million. At the end of 2016, the number ...
Petromidia refinery registered last year an increase of the nitrogen oxide emissions to 514 tonnes
Thursday, July 19, 2018
The Petromidia refinery, including Divizia Petrochimica reduced last year the sulphe oxide (SO2) emissions with 3.5% against 2016, but registered an increase of the nitrogen oxide (Nox) from492 tonnes in 2016 to 514 tonnes in 2017. In its turn, Rafinaria Vega registered a huge quantity of emissions of SO2 with 242 kg in 2017, as comparedto 201 kg in 2016, as well as emissions of Nox slightly higher, from 60.81 tonnes in 2016 to 63.47 tonnes in 2017, according to the ...
The impact of the Offshore law on investments in Black Sea area
Thursday, July 19, 2018
The changes made to the ”Offshore Law” will have a big impact on the oil industry activity and the main issue is that there were no prior consultation or impact assessments, http://business-review.eu reads. And there are quite a few questions on the effects of the law, as we can see from the analysis made by Alex Milcev from EY Romania. Petroleum agreements holders in offshore perimeters received ...
Transgaz plans EUR 160 mln investments abroad
Thursday, July 19, 2018
Romanian state-owned gas transport company Transgaz has included a sum of EUR 164 million for acquisitions abroad in its investment plan for 2017. The company’s total investment budget for this year amounts to almost EUR 400 million, ...
Gas royalties will no longer be related to Austrian prices, ANRM says
Thursday, July 19, 2018
The National Agency for Mineral Resources (ANRM) is preparing to change the system: it will abandon the reference price on the Vienna Stock Exchange for the royalties’ formula and will also take into account the differences between the various deposits, romaniajournal.ro reads. The formula for calculating the royalty for oil resources will be amended by the end of the year, taking into account a reference price on the domestic market (OPCOM and ...
Crude imports over January - May 2018 were up by 21.8 percent
Thursday, July 19, 2018
Romania's crude imports over January - May 2018 were in excess of 3.46 ml toe, up by 620,100 toe (21.8 percent) from the same period of the year before, the National Institute of Statistics (INS) announced. The country's crude output in the reporting period was of 1.394 ml toe, down 2.9 percent (42,200 toe) YoY.Under Romania's Energy Strategy posted on the website of the Energy Ministry, the country's production of crude will continue to slowly ...
ENEL REACHES 1 MILLION RESIDENTIAL CUSTOMERS ON THE FREE ELECTRICITY MARKET IN ROMANIA
Thursday, July 19, 2018
Enel Energie and Enel Energie Muntenia, the leading energy suppliers on the Romanian electricity market, announce reaching the mark of 1,000,000 household customers on the free market, the company said în a press release sent to ACTMedia. “Placing consumers at the core of our business, while also embracing innovation in order to simplify the life of our customers, has helped us build trust among consumers. It is our commitment to offer ...
Reuters: KazMunayGaz still plans to buy another 27 percent stake in Rompetrol from Romania
Thursday, July 19, 2018
KMG International (KMGI), a subsidiary of Kazakh state oil company KazMunayGaz, said on Thursday it still plans to buy another 26.7 percent of Rompetrol Rafinare S.A. from the Romanian government, Reuters informs. KazMunayGaz and Romania agreed in 2013 that the Kazakh company would acquire 26.7 percent in Rompetrol Rafinare for $200 million and set up an investment fund with capital of $150 million and assets worth up to $1 ...
Turnaround at Romanian oil refinery to weigh on OMV Petrom's Q2 fin results
Thursday, July 19, 2018
Romania's top oil and gas group OMV Petrom said on Wednesday that a 45-day turnaround at its refinery in Romania is expected to have a negative impact on the company's financial results for the second quarter of the yea, seenews.com informs. The turnaround is expected to have impacted the second-quarter Downstream Oil Clean CCS Operating result by around 150 million lei ($38 million/32 million euro) compared to the first quarter, OMV Petrom said in a ...
PRIMARY ENERGY RESOURCES up 2.6, Jan.-May 2018
Thursday, July 19, 2018
- During 1.I.– 31.V.2018, primary energy resources increased by 3.8%, while those of electricity decreased by 0.2% as compared to the same period of previous year. Romania's final electricity consumption January through May 2018 increased by 2.6 percent compared to the same interval of 2017, up to 23.516 billion kWh, while the public lighting recorded a 4.7 percent drop and the household consumption declined by 10.2 percent, a release of ...
Priorities of the Energy Ministry for the second semester of 2018
Thursday, July 19, 2018
The Ministry of Energy has six intense months ahead, while it works intensively on at least nine fronts, each with strict deadlines before the end of this year. The National Integrated Energy and Climate Change Plan – PNIESC is the document in which all the dominant themes of the Romanian energy sector meet, and it must be submitted to the European Commission before December 31st, Elena Popescu, general director in the ministry, told ...
Finance Ministry wants to cap internal natural gas prices at RON 55/MWh by 2021, risking infringement from EU
Thursday, July 19, 2018
The Public Finance Ministry (MFP) has proposed the capping of the price of natural gas from internal production at RON 55/Mwh by June 30, 2021, according to a project published on the Ministry’s website, http://business-review.eu reads. “In order to ensure a fair competitive environment for the natural gas sector in Romania and to stop the uncontrolled rise in the price ...
Romania adopts offshore energy law, angers majors
Thursday, July 12, 2018
Romania’s Chamber of Deputies voted in favour of a new offshore law on Monday evening (10 July) that will impose taxes on oil and gas companies operating in the Black Sea, EURACTIV.comreads. The ruling party’s controversial leader insisted it will help cut reliance on ...
Oil companies warn Romania’s new offshore gas law might hamper investments
Thursday, July 12, 2018
The owners of offshore petroleum concessions in Romania’s Black Sea has warned that the amendments passed by the Chamber of Deputies to the offshore gas law “will have a negative impact on the offshore oil and gas industry” and might discourage investments in the Black Sea, http://business-review.eu reads. The investors are worried by fiscal amendments in the new law that have been ...