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Energy & Environment
Amounts over RON 45 billion collected by state from energy companies, RON 25 billion, settled
Thursday, February 29, 2024
The energy system has contributed much more than it has received in the context of the energy crisis and as a result of all the fiscal measures, with the amounts collected from energy companies exceeding RON 45 billion, of which no more than RON 25 billion have been settled, Energy Minister Sebastian Burduja told the ZF Power Summit on Tuesday.Asked whether the capping scheme will be extended until 2026, the minister replied that in the current formula it will be difficult ...
Hidroelectrica - Masdar partnership, very close to be inked
Thursday, February 29, 2024
The partnership with the Emirati company Masdar is "very close to inking", the final approvals will be given in the management, directorate and supervisory boards, after which the project can be started, Borbely Karoly, chief executive officer of Hidroelectrica, said on Tuesday."We are at the end, very close to signing. The final approvals in the management, directorate and supervisory boards are coming, after which we can start the project. It is a very big company, we ...
OMV Petrom signs two financing contracts for two green hydrogen production facilities
Thursday, February 29, 2024
OMV Petrom has signed two financing contracts under the National Recovery and Resilience Plan (PNRR) for the construction of two production facilities for green hydrogen of a total capacity of 55 MW at the Petrobrazi refinery, the company reported on Monday.The contracts were signed with the Romanian Ministry of Energy for a maximum funding amount of EUR 50 million; the total investment is approximately EUR 140 million."Through our Strategy 2030, ...
Gas imports drop 6.2 pct, domestic production goes up 1.5 pct in 2023
Thursday, February 29, 2024
Romania's net gas imports in 2023 amounted to 2.117 million tons of oil equivalent (toe), 6.2 percent down (-141,000 toe) from the previous year, shows data released on Thursday by the National Institute of Statistics (INS).The domestic production of natural gas last year totaled 7.5 million toe, up 1.5 percent (+109,000 toe) over 2022.According to estimates by the National Economic Strategy and Forecasting Board (CNSP), Romania's natural gas production will ...
Hidroelectrica launches new tender to rehabilitate Vidraru hydroelectric plant
Thursday, February 29, 2024
Hidroelectrica has resumed the tender for the refurbishment of the Vidraru hydropower plant through the electronic public procurement system (SEAP). The estimated contract value for this project is €188 million, reflecting an update of costs to new market values. The project “Refurbishment of AHE Vidraru” aims to carry out a complex set of works, including the assembly of mechanical and electrical equipment, integration of upgraded ...
A consortium of Romanian and Ukrainian companies are developing a project for producing hydrogen in Ukraine
Thursday, February 29, 2024
A consortium of Romanian and Ukrainian companies are developing a project for producing hydrogen in Ukraine and transporting it via natural gas pipeline to Europe, said Oleksandr Riepkin, Special Envoy of the Minister of Foreign Affairs of Ukraine on Economic Diplomacy and Member of the Board of the Ukrainian Hydrogen Council. The hydrogen that will be produced in Ukraine will be used by ...
Romgaz investments will exceed 4 bln. lei in 2024
Thursday, February 29, 2024
Romgaz has a very large investment plan for this year, of over 4 billion lei, and the drilling at Caragele has been restarted, with approximately 10 unconditional deep wells in the plan and two or three more conditional on the discoveries they will make does, said the general manager of Romgaz, Razvan Popescu. “We have a very large ...
Analysis: Natural gas market situation stabilises
Thursday, February 22, 2024
Europe has successfully weathered the energy storm of 2022-2023 and, in the absence of unforeseeable events, we will see a stabilisation of the situation on the natural gas market and, implicitly, of the price, but future energy crises determine the need for long-term energy strategies and the existence of plans of measures for energy emergencies, says the president of the Intelligent Energy Association, Dumitru Chisalita, in an ...
Prosumers already pay for "sun tax" metering
Thursday, February 22, 2024
The National Energy Regulatory Authority (ANRE) has prepared the infrastructure for charging self-consumption with prosumers' money, despite assurances from the government that it will not introduce the so-called "sun tax", claim on Monday the representatives of the Association of Prosumers and Energy Communities of Romania (APCE), in a release.According to the source, prosumers pay extra for these equipment without benefiting or being informed ...
Crude oil production down 4.4pct, imports 15.3pct lower in 2023
Thursday, February 22, 2024
Romania produced 2.795 million tonnes of oil equivalent (toe) of crude oil in 2023, 129,200 toe less (-4.4%) than in the same period last year, according to data centralised by the National Institute of Statistics (INS).Crude oil imports amounted to 7.371 million toe last year, 1.332 million toe less than in 2022 (-15.3%).According to the latest energy balance forecast, published by the National Commission for ...
Lockheed Martin and Romania Sign Letter of Energy Collaboration
Thursday, February 22, 2024
On Feb. 8, the Lockheed Martin (NYSE: LMT) Energy team hosted the Romanian Minister of Energy, Sebastian Burduja, for discussions on how the GridStar Flow® battery can help Romania with its net zero goals, and to sign a letter of energy collaboration. “Lockheed Martin’s GridStar Flow aligns with our goals and objectives for improving Romania’s energy ...
Minister Burduja: Romania to maintain the same energy price cap for another year
Thursday, February 22, 2024
Romania’s cap on energy prices will remain unchanged until March 2025, announced Romanian Energy Minister Sebastian Burduja on Thursday, meaning Romanian consumers will continue enjoying the EU’s fourth cheapest gas prices. After that date, adjustments to the pricing scheme may occur depending on market dynamics, he added, noting that the aim is to better target support ...
Bulgaria and Romania to revive €6bn Danube hydropower project
Thursday, February 22, 2024
By bne IntelliNews Bulgaria’s National Electricity Company (NEK) and Romania’s Hidroelectrica are reviving a project to build a joint hydropower plant (HPP) on the River Danube between the cities of Nikopol in Bulgaria and Turnu Magurele in Romania, Bulgarian Energy Minister Rumen Radev said on February 14 as quoted by ...
Nuclearelectrica, SACE and Ansaldo Nucleare sign MoU to refurbish Cernavoda Unit 1, develop two more
Thursday, February 22, 2024
Nuclearelectrica, Italy's Export Credit Agency - SACE and Ansaldo Nucleare signed on Thursday in Rome a Memorandum of Understanding to advance the development and financing of the refurbishment of the Cernavoda Nuclear Power Plant Unit 1, and of the strategic project for the plant's Units 3 and 4, Nuclearelectrica said in a release.The document was initialed in the presence of Romania's Minister of Economy, Entrepreneurship ...
Silcotub, 19.8 MW energy production project from renewable solar sources in Calarasi
Thursday, February 22, 2024
Silcotub started a solar project with a nominal power of 19.8 MW, respectively 21.2 MWp in Calarasi, worth almost 97 million lei (VAT included), according to a company release. From the total investment, the maximum non-refundable value is 29 million lei without VAT, and the own contribution amounts to approximately 68 million lei. The project implementation period is ...
Oil Dynamics grows its business in Romania
Thursday, February 22, 2024
Earlier this year, OMV Petrom and Oil Dynamics signed two additional ...
The companies in Romania pay the highest prices for energy in the EU
Thursday, February 15, 2024
The companies in Romania and Hungary pay the highest prices for energy in the EU, almost three times higher than the ones paid by the companies in Finland, shows an annual report regarding the single market and competitiveness, published on Wednesday by the European Commission, send DPA.According to the document, the prices for energy in the EU have increased significantly after the beginning of the Russian invasion in Ukraine, two years ago. The ...
Primary energy sources, down almost 3pct in 2023
Thursday, February 15, 2024
Romania's primary energy sources decreased by 2.9% in 2023, y-o-y, while final commercial electricity consumption was down 4.1%, according to the National Institute of Statistics (INS).Between January 1 and December 31, 2023, the main primary energy sources totalled 32.898 million tonnes of oil equivalent (toe), decreasing by 979,000 toe y-o-y.Domestic production amounted to 17.925 million toe, decreasing by 148,800 toe (-0.8%), y-o-y, and ...
Retele Electrice Companies attract new European financing, of over 433 million lei, for investments in networks in the 3 electricity distribution regions
Thursday, February 15, 2024
The companies will carry out 6 projects, worth about 558.3 million lei, of which European financing will cover about 433.7 million lei The works in Ilfov, Ialomita, Calarasi, Caras Severin, Arad and Hunedoara counties will serve about 35,000 customers The Ministry of Energy and the companies Retele Electrice Muntenia, Retele ...
Oil Terminal registers 14.3 million RON net profit in 2023, up by 23.2 pct
Thursday, February 15, 2024
Oil Terminal ended 2023 with a net profit of 14.293 million RON, a 23.2% increase compared to the previous year, according to the preliminary financial data submitted to the Bucharest Stock Exchange on Wednesday.The company's turnover increased by 15.6%, to 349.787 million RON, total revenues increased by 15.2%, to 355.985 million RON, and expenses by 14.8% to 339.425 million RON.Total assets increased by 25.1%. Long-term liabilities ...