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Energy & Environment
Deputy Prime Minister Ana Birchall: Romania clearly supports Southern Gas Corridor project
Thursday, March 22, 2018
"Romania and Azerbaijan share a common vision as regards diversification of supply and transit routes and energy security. Azerbaijan has a strategic role in ensuring the European energy security. Romania clearly supports the Southern Gas Corridor project, the most important European project in terms of supply diversification", said the Vice Prime Minister responsible for the implementation of Romania`s Strategic Partnerships, Ana Birchall, in an ...
Romgaz: Investments of 1.6 billion lei in 2018 and diversification plans in CNG, renewable and petrochemicals
Thursday, March 22, 2018
Romgaz estimates for this year an operating profit of 4.57 billion lei, down 8.1% from the preliminary value of the indicator for 2017 and 4.98 billion lei respectively, according to the budget of revenues and expenditures that will be discussed in the General Shareholders’ Meeting on March 29, ...
Transgaz bought natural gas of 2.83 million euro from WIEE Romania
Thursday, March 15, 2018
The national transporter of gas Transgaz Medias bought natural gas for physical balancing of the National System of Transport worth 13.16 million lei (2.83 million euro) without VAT, from WIEE Romania, one of the strongest importers of Russian gas on the local market. The acquisition was made through negotiation, through the stock exchange of goods. Transgaz closed five contracts with WIEE Romania, out of which two are worth 2.1 ...
Nicolescu (Deloitte): I don’t think BRUA project will carry out; BRUSA gas corridor including Slovakia will appear
Thursday, March 15, 2018
BRUA gas pipe project to connect Bulgaria, Romania, Hungary and Austria, will not be achieved in the present form, but another project will appear - BRUSA- to include Slovakia, said Razvan Nicolescu, senior expert at Deloitte and former minister of energy. He was asked, at a press conference on energy topics, whether BRUA project would be carried out. “It is a difficult question. Honestly, I think the first part of BRUA, ...
OMV ‘not amused’ to see BRUA pipeline stopping in Hungary, says some Black Sea gas could be sold in Eastern Europe
Thursday, March 15, 2018
Austrian oil and gas company OMV is ‘not amused’ to see the Bulgaria-Romania-Hungary-Austria (BRUA) major pipeline project to have one of its ends in Hungary, because this makes difficult to sell the Black Sea offshore gas on the Western European markets, OMV’s board member Manfred Leitner said on Tuesday in London, quoted by Profit.ro., business-review.eu reads “We’re not amused at all by the fact that BRUA pipeline stops ...
Transgaz keeps to its commitments with regards to the BRUA project and rejects the accusations they favour Hungary
Thursday, March 15, 2018
SNTGN Transgaz keeps to its commitments with regards to the project of the gas pipeline BRUA and rejects the accusations according to which they would favour Hungary,consider the representatives of Transgaz in a press release published on the site of the company.The statements of the company come in the context of information in the public space in Romania with regards to the BRUA project and the capacities of transport for natural gas between Romania and ...
Investors Club : Romgaz has a yield of dividends of 11.4%, Transgaz -10.8% and Nuclearelectrica 0 10.5%
Thursday, March 15, 2018
Romgaz has a yield of dividends of 11.4% for 2017, Transgaz 0 10.8% and Nuclearelectrica – 10.5% says a press release of Investors Club. From the point of view of the dividend net per share, for Romgaz it is 4.14 lei, Transgaz – 43.7 lei and Nuclearelectrica -0.86 lei. Other companies, such as Conpet and OMV Petrom have yields of the dividends of 6.5% (7.3 lei/share), 6.1% (0.019 lei/share).As regards Electrica, the yield is 5.2% and with ...
PRIMARY ENERGY RESOURCES DECREASED BY 2.1% DURING 1.I. – 31.I.2018
Thursday, March 15, 2018
- During 1.I. – 31.I.2018, primary energy resources decreased by 2.1%, while those of electricity decreased by 5.3% as compared to the same period of previous year. The main primary energy resources during 1.I. – 31.I.2018 amounted to 3052.4 thousand tonnes oil equivalent1 (toe), decreasing with 66.8 thousand toe as against 1.I. – 31.I.2017. Domestic production amounted to 1856.0 thousand toe, decreasing with 30.7 thousand ...
European Commission urges Romania, other 9 Member States to transpose the rules to calculate and report the greenhouse gas emissions of fuels
Thursday, March 15, 2018
The European Commission decided to issue a reasoned opinion on Thursday to Austria, Belgium, Cyprus, the Czech Republic, Finland, Greece, Latvia, Romania, Spain, and the United Kingdom for failing to transpose EU rules on quality of petrol and diesel fuels (Council Directive (EU) 2015/652) into their national law, romaniajournal.ro/ reads. The Directive lays down rules to calculate and report the greenhouse gas emissions of fuels ...
Energy price down 20pct on energy exhange for population, in Q2
Thursday, March 15, 2018
The starting prices at the tenders where suppliers buy electricity for domestic consumers will be by 20 per cent smaller in the second quarter of the year compared with the first three months, according to the data posted on the Website of the OPCOM energy exchange.The auction session will take place on the Centralized Market for Universal Service (PCSU) on Monday, March 12.Thus, the price for the energy delivered on a 24h basis will start from 192 lei ...
Romanian state received 38.8 M euros from selling greenhouse gas emission certificates in February
Thursday, March 15, 2018
The Romanian state received more than 38.8 million euros from selling greenhouse gas emission certificates on the common EU auction platform, according to a document published on the Website of the Ministry of Public Finances (MFP).There were traded 4.16 million certificates for the stationary installations.According to data from the Ministry of Public Finances, the EU Emission Trading Scheme - EU ETS applied in a first stage for the period January 1 ...
European Commission opens in-depth investigation into restructuring support for Romanian energy producer CE Hunedoara
Thursday, March 15, 2018
The European Commission has opened an in-depth investigation to assess whether various public support measures from Romania in favour of energy producer Complexul Energetic Hunedoara are in line with EU rules on State aid to companies in difficulty. On 21 April 2015, the ...
OMV plans further investments in Romanian refinery
Thursday, March 15, 2018
Austrian oil and gas company OMV intends to invest EUR 1 billion in the next seven years in its three refineries, one of which is in Romania. OMV wants to double its refining capacities on the long term, thus invest in its Schwechat (Austria), Burghausen (Germany) and Petrobrazi (Romania) refineries, according to its most recent report. This is part of the group’s development strategy by 2025, including delivering more gas from Romania and Norway ...
OMV CEO: New natural gas royalty in Romania is ‘nonsense’
Thursday, March 15, 2018
Romania’s decision to impose a royalty tied to the Vienna trading price for natural gas producers in Romania is a nonsense, said Rainer Seele, CEO of OMV, at the company’s development plan presentation in London. He answered a question form the Romanian journalists present at the event, ...
ACROPO supervises the exploitation of the 200 billion cubic metres of gas in the Black Sea
Thursday, March 8, 2018
Starting with 2017,the Romanian government set up ACROPO,authority which regulates the exploitation and exploitation of the energy resources in the Black Sea writes Ziarul Financiar,a former manager of Conversmin,company on the loss, the husband of the president of the Board of RATB and a pensioner of the Ministry of Internal Affairs. ACROPO is an entity subordinated to the government set up through law 156/2016 regarding the safety of the offshore ...
RATEN ICN Pitesti signed an agreement with CEA in France regarding the nuclear security and management of reactive waste
Thursday, March 8, 2018
The Institute for Nuclear Research (RATEN ICN) Pitesti and the Commissariat for Atomic Energy (CEA) in France signed an agreement in Mioveni, for an exchange of experience on several levels, such as advanced materials, nuclear security, the management of reactive waste or radioisotopes for medicine. Collaboration between the two research centres started ten years ago, shows a press release published on the site of the ministry for energy. Robert ...
Transelectrica plans EUR 365 mln investments by 2020
Thursday, March 8, 2018
Romania’s state-owned power grid operator Transelectrica plans to invest RON 1.7 billion (EUR 365 million) by 2020, most of the money coming from the company’s own sources, romania-insider.com informs. This year, the investments will amount to EUR 90.5 million. The level will increase to EUR 137 million in 2019 and EUR 141 million in 2020. The company will invest in ...
MOL Romania’s LPG terminal in Tileagd, fully operational
Thursday, March 8, 2018
MOL Romania, the local branch of Hungarian MOL Group, completed the construction the LPG (liquefied petroleum gas) terminal in Tileagd, Bihor County, a press release informs, quoted by romaniajournal.ro. The investment in this construction exceeds EUR 2.3 million. The terminal which is fully operational, has 4 tanks with a total capacity of 600 cubic meters, four discharge / charge pumps connected to two compressors – designed for an annual ...
Daniela Lulache, former head of the Nuclearelectrica, nominated at the leadership of the Agency for Nuclear Energy of OECD
Thursday, March 8, 2018
Daniela Lulache, former general manager of the producer of energy Nuclearelectrica was nominated Head of policy and coordination at the Agency for Nuclear Energy of the Organisation for Economic Cooperation and Development (OECD). She said for News.ro that she has just taken this position, following a process of recruitment, without giving other details. Daniela Lulache was born on 25 August 1967 and she is an economist, ...
ANRE fines Petrom, Transgaz, E.ON, Engie for imbalances in the gas market; companies will challenge the fine
Thursday, March 8, 2018
The National Regulatory Authority for Energy (ANRE) has fined Transgaz, E.ON, Engie and OMV Petrom for imbalances in the national gas transmission system last week, HotNews.ro informs, quoting Agerpres, romaniajournal.ro reads. At the same time, ANRE also carried out a control on Monday at natural gas producer and supplier Romgaz. According to market information, the ANRE investigation will be extended in the next period to ...