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Energy & Environment
CNSP: the final energy consumption of Romania will grow over the next years
Thursday, June 28, 2018
The final energy consumption of Romania will grow in the next three years,with annual leaps of 2.5% the Prognosis of the Energy Balance,published by the National Commission for Strategy and Prognosis (CNSP) says.Thus, in2018,the total energy consumption of the country is estimated at 25.2 million tons equivalent petrol (tep) up by 3.1%against the previous year.In 2019,the value of the indicator will show growth of2.5% up to25.8 million tep.In 2020 and ...
Baita Plai Licence Update: Ministerial Agreement Obtained
Thursday, June 28, 2018
Vast Resources plc, the AIM-listed mining company with operating mines in Romania and Zimbabwe, is pleased to announce that the agreement has been obtained from the Minister of Economy in relation to the Association Licence Agreement with Baita SA, the holder of the Baita Plai Head Licence, globenewswire.com informs. This is a milestone development in the Company's process towards being granted the right to mine at its 80% owned Baita Plai ...
New ways to tackle fuel poverty: successful approaches and what works in Romania
Thursday, June 28, 2018
In Romania alone, it is estimated that nearly 20% of citizens live in energy poverty, while about 460,000 households do not have formal access to energy, energynomics.ro informs. There are between 50 and 125 million people in Europe who struggle every day to ensure adequate thermal comfort and household power at an affordable price. Ashoka Romania and Enel Romania presented for the first time in ...
CE Hunedoara estimates EUR 62 mln loss this year
Thursday, June 28, 2018
The state-controlled thermal power producer Complexul Energetic Hunedoara (CE Hunedoara) estimates RON 291 million (EUR 62 million) losses this year, 62% lower compared to last year. The holding projects EUR 96 million revenues and EUR 158 million expenses. The negative result is mainly grounded on the unfavorable economic conditions, after the government deregulated the energy market, according to the explanatory note of the budget ...
Conpet applies new transport tariffs of oil. The tariff for transport activity grows by 6%
Thursday, June 21, 2018
The national transporter of oil Conpet Ploiesti announced new transport tariffs through the National System of Transport for oil,gasoline,ethane so that the tariff grew from 79.75 lei/tonne to 84.37 lei/tonne, a growth of almost 6%. ‘Conpet Ploiesti informs the investors that the Official Gazette of Romania, part I no.500/19 June2018 published order ANRM no.117/15 June 2018 which amends order no.13/2010 for the ...
Jan - April gas imports up 13.6 pct YoY
Thursday, June 21, 2018
Romania imported in the first four months of the current year 616,100 tonnes of oil equivalent (toe) worth of usable natural gas, by 13.6 percent (73,900 toe) more than in the same period of 2017, show figures centralised by the National Institute for Statistics (INS).The domestic natural gas production in the reporting period totalled around 2.812 million toe, 1 pct (29,100 toe) more than in the same period last year.Under Romania's Energy Strategy ...
KazMunayGas will continue to invest in Romania's energy sector
Thursday, June 21, 2018
The Chairman of the Management Board of KazMunayGas (KMG), the National Gas and Petroleum Company of Kazakhstan and the sole shareholder of KMG International, Sauat Mynbayev, met with Mr. Anton Anton, the Minister of Energy, in Bucharest on Tuesday, a press release sent to ACTMedia informs. During the meeting, the KMG Chairman presented Rompetrol’s financial performances obtained in Romania following the historical production records and the ...
Coal production dropped 0.3 percent in first four months, imports go up 21.5 percent
Thursday, June 21, 2018
Romania's net coal production totaled in the first four months of the year 1.458 tons of oil equivalent (toe), by 0.3 percent (4,900 toe) lower than the similar interval of the previous year, according to data centralised by the National Institute of Statistics (INS).In the mentioned period, Romania imported 141,900 toe of net coal, up 25,100 toe (21.5 percent) from January 2017 - April 2017.According to the Energy Strategy project posted on the ...
Wess Mitchell: I hope that Parliament will adopt law on offshore to encourage investments
Thursday, June 21, 2018
USA hopes that the Romanian Parliament will adopt a law on offshore to encourage investments, US Assistant Secretary of State for European and Eurasian Affairs Wess Mitchell said after delivering a speech at the Faculty of Law in Bucharest.When asked his opinion on the delays in Parliament related to this matter, the US official said that Romania is blessed with plenty of natural resources and has a unique opportunity to support not only energy security of ...
Romania imports over 2.65 million toe of crude oil, in first four months of 2018
Thursday, June 21, 2018
Romania imported, during the first four months of 2018, a quantity of 2.655 million tons of crude oil (tep), by 348,300 tep (15.1 percent) higher than the one imported in the similar period of 2017, according to data centralized by the National Institute of Statistics (INS).Crude oil production totaled 1.107 million tep, by 3 percent (34,500 tep) smaller than that of the previous year.According to Romania's Energy Strategy, published on the Ministry of ...
Romania fourth in Europe for natural gas production and reserves, says BP report
Thursday, June 21, 2018
According to a report by BP, Romania is on the fourth place in Europe for last year’s natural gas production and proven gas reserves, http://business-review.eu reports. In 2017, Romania extracted 10.3 billion cubic meters of natural gas. In first place in Europe was Norway, with 123.2 billion cubic meters, followed by the UK with 41.9 billion cubic meters and the Netherlands with 36.6 billion cubic ...
Black Sea gas could turn Romania into third-biggest European gas producer
Thursday, June 21, 2018
Romania could become the third-biggest natural gas producer in Europe due to the offshore gas projects in the Black Sea, according to Francois-Regis Mouton, director of EU affairs at the International Association of Oil and Gas Producers (IOGP). He added that the potential gas resources in the Black Sea are over 200 billion cubic meters. These resources will lead to diversifying the gas supply in South-Eastern Europe. “For ...
ADX Energy acquires natural gas production license in western Romania
Thursday, June 21, 2018
Australian ADX Energy bought the production licence for gaz from Amromco in Iecea Mare area in Parta (Timis district) perimeter. ADX Energy already owns 50 percent of Parta hydrocarbon concession. ADX Energy will pay EUR 30,000 plus a 5 percent royalty to Amromco for the natural gas that can be extracted from Iecea Mare. The perimeter covers 4.7 kilometers and its permit expires in ...
Romania says Gabriel Resources $4.4bn lawsuit over halted project can’t be heard by arbitrators
Thursday, June 21, 2018
Gabriel Resources (TSX-V:GBU) lawsuit against Romania for $4.4 billion in alleged losses related to the company’s stalled Rosia Montana gold and silver project, suffered a setback this week as the country told international arbitrators they can't hear the Canadian miner’s claim, mining.com informs. Romania’s government said a recent, ground-breaking court decision had slammed the door on certain investment arbitration cases involving ...
BRUA will ensure Romania’s access to at least three gas sources
Thursday, June 21, 2018
BRUA project will ensure Romania’s access to at least three gas sources and will connect this country to the West European network, said Danut Andrusca, the minister of economy, at the annual conference of Gas Infrastructure Europe, held in Bucharest. “We have in view that at least two new natural gas sources are consolidated - deposits in the Caspian Sea area and recently discovered sources in the Black Sea.In this context, connections are ...
Transgaz to connect Republic of Moldova to European gas network by 2020
Thursday, June 21, 2018
The Republic of Moldova will be connected to the European gas network by early 2020 at the latest, enabling it to access a multitude of gas sources, Transgaz CEO Ion Sterian on Thursday told the Gas Infrastructure Europe General Assembly in Bucharest."In 2019 - early 2020 we will succeed in connecting the Republic of Moldova to the European gas transmission infrastructure, that is we will be able to carry gas in the first place from Romania, from the Black Sea, ...
ADX Energy acquires production license in Romania
Thursday, June 21, 2018
Australian oil and gas exploration group ADX Energy has said it agreed to acquire a 100% equity interest in the Iecea Mare Production license onshore Romania from local company Amromco Energy. Under the terms of the agreement, the Australian company's Romanian subsidiary ADX Panonia will pay 30,000 euro ($35,500) and a 5% royalty for production from wells located within Iecea Mare license, ADX Energy said in a filing with the Australian Stock ...
ExxonMobil Romania bought from Halcrow Romania services of over 5.5million euro for the project Neptun of the Black Sea
Thursday, June 14, 2018
The Americans from ExxonMobil Exploration and Production Romania Limited Nassau (Bahamas) the Bucuresti branch offered to the British from Halcrow Romania a contract of 5.54 million euro, without VAT which aims among other things to the acquisition of services for the evaluation of the impact on the environment for the Neptun project of the Black Sea according to an announcement published on Saturday on the SEAP ( the Electronic System of Public ...
Romania could produce over 30% of energy out of renewable sources in 2030
Thursday, June 14, 2018
Romania could have as a target of 31-32% for renewable energy in 2030, which represents a significant step forward against the objective of 24%which our country has for 2020 stated on Tuesday Zoltan NagyBege, vicechairman of the National agency for Regulation in Energy (ANRE) in a conference organised by the Chamber of Commerce and Industry Romanian-German.According to him, the legislative package could be approved during the Austrian presidency of the EU ...
Romania's electricity consumption goes up 15 percent in last two days, due to high temperatures
Thursday, June 14, 2018
Romania's electricity consumption has increased by 15 percent in the last two days, due to high temperatures, however, experts do not estimate there will be any problems related to supply, a press release of Transelectrica sent on Wednesday informs."Against the backdrop of high temperatures, yesterday's national electricity consumption, 12 June 2018, recorded high values, so that from 13:00 hrs to 14:00 hrs an average consumption of 8,058 MW was registered. For ...