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Energy & Environment
Transgaz's Shareholders Assembly approves association with Regasificadora del Noroeste on Greek DESFA privatisation
Thursday, January 25, 2018
The Shareholders Extraordinary Assembly of Transgaz company approved the association with Regasificadora del Noroeste in view of participating in the second phase of the procurement process of the 66 percent participation within DESFA, the gas pipe system operator from Greece, the company announces on the Bucharest Stock Exchange's (BVB) website.Moreover, Transgaz's General Manager was mandated to negotiate and sign the documents of the ...
OMV CEO: We have a large natural gas reserve in the Black Sea
Thursday, January 25, 2018
In an interview with Hotnews.ro, Rainer Seele, the CEO of OMV and the president of the Petrom Oversight Council, said that there is a very large natural gas reserve in the ...
Romania's crude imports at over 7 ml toe Jan - Nov 2017
Thursday, January 25, 2018
Romania's crude imports over January - November 2017 amounted to 7.03 million toe, up by 229,900 toe (3.4 percent) from the same period of the year before, shows data released by the National Institute of Statistics (INS). The country's crude output in the reporting period was 3.136 million toe, down 4.4 percent (143,500 toe) YoY.Under Romania's Energy Strategy posted on the website of the Energy Ministry, the country's production of crude will ...
Gigi Dragomir appointed head of National Agency for Mineral Resources by interim PM Fifor
Thursday, January 25, 2018
Gigi Dragomir was appointed as the new head, in rank of secretary of state, of the National Agency for Mineral Resources (ANRM), through a decision of the interim Prime Minister Mihai Fifor, on Thursday published in the Official Journal.Since January 3, acting as ANRM head was Sorin Gal, based on a decision of the former Prime Minister Mihai Tudose. Gal is the general manager of the General Directorate for Management, Assessment and Assignment of Oil ...
Austria to sue EU over Paks-2 nuclear plant, Commission says ‘see you in court’
Thursday, January 25, 2018
Austria said on Monday (22 January) it planned to sue the European Commission for allowing Hungary to expand its Paks nuclear power plant, saying it did not view atomic energy as the way to combat climate change or as being in the common European interest, euractiv.com reads. Austria, which shares a border with Hungary, prides itself on supporting clean energy and does not have any nuclear plants of its own. “We in the ...
Transelectrica, maintenance contract of 1 mln euro with its subsidiary, Teletrans
Thursday, January 25, 2018
Transelectrica has concluded a contract worth 4.56 million lei without VAT with one of its subsidiaries – Society for Telecommunication and Information Technology Services in the Transmission Electric Network Teletrans – for the maintenance of the local metering system at Transelectrica power stations, energynomics.ro reports. As far as the performance guarantee of the contract is concerned, it is constituted under the law, for the value of 455,980 lei, ...
After 20 years in Romania, LUKOIL announces investments of more than 30 million dollars in Petrotel
Thursday, January 25, 2018
Petrotel LUKOIL announces new investments in their refinery in Ploiesti, over 30 million dollars by 2020, for improving environmental footprint. USD 7 million are earmarked for the modernization of the coking plant and nearly USD 26 million for the construction of a new sulfur recovery complex, which will lead to zero sulfur oxides emissions. After decades of financial losses, the refinery reported cumulative profits of 314 million lei in 2015-2016 and ...
ROPEPCA: Royalties for natural gas are paid on the production value, not on the ref price communicated by ANRM
Thursday, January 25, 2018
The Romanian Association of Petroleum Exploration and Production Companies (ROPEPCA) clarifies how are calculated the oil royalties in the context of public debate raised by PNL Senator Daniel-C?t?lin Zamfir. He ...
Gas imports down 18.2pct in first 11 months of 2017; production up 12pct
Thursday, January 18, 2018
Romania imported, between January - November 2017, a quantity of 707,900 tones of oil equivalent (toe) usable natural gas, less by 18.2 percent (157,900 toe) than the quantity imported in the similar period of 2016, according to the centralized data of the National Institute of Statistics (INS).The domestic natural gas production exceeded 7.58 million toe in the mentioned period, increasing by 12 percent (812,000 toe) over the one recorded in ...
Romania's Oil Terminal signs services deal with Oscar Downstream
Thursday, January 18, 2018
Romanian cargo handling company Oil Terminal [BSE:OIL] said on Friday it has signed a deal estimated at 24.0 million lei ($8.6 million/7.5 million euro) with local diesel fuel distributor Oscar Downstream for services to be provided by the terminal in 2018, seenews.com informs. Under the contract, Oil Terminal will handle the discharging of fuel from maritime vessels into shoretanks, its storage,conditioning with biodiesel and ...
PRIMARY ENERGY RESOURCES INCREASED BY 4.0% DURING 1.I. – 30.XI.2017
Thursday, January 18, 2018
- During 1.I. – 30.XI.2017, primary energy resources increased by 4.0%, while those of electricity decreased by 3.2% as compared to the same period of previous year. The primary energy resources increased by 4 percent in the first 11 months of 2017, compared to the similar period of ...
Why we need a competitive energy market
Thursday, January 18, 2018
By Daniel Apostol, Secretary General of ROPEPCA(Romanian Petroleum Exploration and Production Companies Association) For some time now, we have witnessed a long dispute within the political environment with regards to the opportunity of a liberalized and competitive energy market (electricity, natural gas) versus the necessity of maintaining a state control over this sector, which would give society more stability and security. ...
Bioenergy at the centre of EU renewable energy policy
Thursday, January 18, 2018
* Bioenergy has to be an essential part of the EU energy mix for at least the next 30 years. Without it, the commitment to a 1.5°C global warming target will be very hard, if not impossible to achieve, argue a group of scientists, euractiv.com reads. On 17 January, MEPs voted to recognise the importance of bioenergy in meeting the EU’s renewable energy and climate change ...
In Romania,fuels prices surged 6%, power by 12%, in 2017
Thursday, January 18, 2018
Inflation climbed to 3.3% in December 2017, compared to the same month in 2016, as fuel prices up 6% and electricity prices grew by about 12%, according to the National Institute of Statistics (INS), energynomics.ro reads. The two items have an important share in the formation of gross prices. The price of gas was higher by only 1.4%, and of the thermal energy went up by 3.2%. On the other hand, eggs, butter and fresh fruit had the most important raise ...
Europe: Accelerating on the path towards ‘solar energy 3.0’
Thursday, January 18, 2018
Europe is currently in the first stage of photovoltaic solar development. Moving to the next phases, 2.0 and 3.0, will require a smart new Green Deal that avoids the “boom-and-bust” developments of the past and leverages private investment to achieve high renewable energy goals, writes Stefan Degener, First Solar’s Head of Business Development for Europe and Africa and a member of the Board of Directors of Solar Power Europe, for ...
Romanian gas carrier partners Spanish group to buy Greek peer
Thursday, January 11, 2018
Romanian state-owned gas carrier Transgaz wants to partner with Spanish gas transporter Reganosa to participate in the privatization process of Greek gas network operator DESFA, romania-insider.com reads. The Romanian company’s shareholders will decide in their next meeting on January 18 on the proposed agreement between Transgaz and Reganosa for buying 66% of DESFA. The Spanish group will lead the consortium. In June ...
CE Oltenia produced almost a quarter of Romania’s energy in 2017
Thursday, January 11, 2018
The Energy Complex Oltenia produced 15 TWh of energy last year, or 24% of the total energy production of the country, according to a press release of the company, energynomics.ro reports. Compared to the previous year, the company’s energy production increased by over 11%. In 2016, CE Oltenia achieved an electricity production of 13.5 TWh. “In 2017, CE Oltenia operated on average with eight energy groups, covering a share of up to 24% of ...
OMV CEO presents new strategy for Petrom to Romanian president
Thursday, January 11, 2018
Austrian group OMV plans to increase the international profile of Romanian group OMV Petrom as part of its new development strategy the OMV CEO Reiner Seele presented to Romanian president Klaus Iohannis on Tuesday, romania-insider.com reads.. “The OMV management presented the company’s development strategy, which includes increasing Petrom’s internationalization degree, to better capitalize on the opportunities in the region, as well ...
SOCAR: $25B spent for Southern Gas Corridor so far
Thursday, January 11, 2018
As of December, $25 billion have been spent for the Southern Gas Corridor (SGC) project, Khoshbakht Yusifzade, first vice-president of Azerbaijan’s state oil company SOCAR, according to Trend News, energynomics.ro informs. He made the remarks at a conference titled “At the intersection of East and West: New energy and communication opportunities”, organized by the ruling New Azerbaijan Party (YAP) in ...
Energy and environment in 2018: A preview
Thursday, January 11, 2018
2018 looks set to be a defining year for energy and environment policy in Europe, as important legislative files move towards becoming EU law, euractiv.com informs. In November 2016, the European Commission proposed its Clean Energy Package and 2017 was mostly geared towards the other European institutions agreeing on their own positions. With that key step almost complete, 2018 will see EU lawmakers, officials and member states ...