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Energy & Environment
EC opens probe into suspected restrictions on Romanian gas exports
Thursday, June 8, 2017
The European Commission said on last Thursday it has opened a formal investigation to assess whether Romania's majority state-owned gas transmission system operator Transgaz [BSE:TGN] has abused its dominant market position to restrict gas exports, seenews.com informs. “The Commission's antitrust investigation will focus on indications that Transgaz has devised a strategy to restrict gas exports from Romania to other Member States,” the Commission said in a ...
Romania hails Azerbaijan's participation in energy security dialogue
Thursday, June 8, 2017
Romania highly appreciates Azerbaijan's participation in international dialogues on energy security and energy diversification projects, said Romania's Deputy Energy Minister Iulian-Robert Tudorache quoted by http://en.trend.az/. He made the remarks during the 24th Caspian International Oil and Gas Conference in Baku June 1. "The Caspian Sea region has an important role in increasing the security of gas supply to the world energy landscape. This status offers a position of a ...
Gazprom and OMV sign framework agreement on small-capacity LNG in Black Sea
Thursday, June 8, 2017
The Austrian energy group OMV and the Russian group Gazprom signed a series of documents on Friday to develop their strategic partnership, including a small liquefied natural gas (LNG) terminal on the Russian Black Sea coast, OMV Petrom’s majority shareholder announced, energynomics.ro reports. According to OMV, Rainer Seele (OMV General Director ) and Alexey Miller (Gazprom General Manager) signed a Memorandum of ...
Deputies tighten penalties for crimes regarding waste
Thursday, June 8, 2017
The Committee for Environment and Ecological Balance of the Chamber of Deputies debated and amended GEO no. 68/2016 for amending and completing the Framework Law on waste regime no. 211/2011, a press release said quoted by energynomics.ro “The provisions of GEO no. 68/2016 aim at, on the one hand, the correct and complete transposition of Directive no. 98/2008 on waste and, on the other hand, encouraging the design of products that have a low environmental impact and generate a ...
Coal sector alone in celebrating US exit from Paris Agreement
Thursday, June 8, 2017
Donald Trump’s decision to take the United States out of the Paris climate agreement has been condemned by almost all of the country’s business community. Only the coal sector is openly celebrating the move. EURACTIV’s partner Journal de l’Environnement reports. America’s business leaders did not ...
Romania's Romgaz board approves additional dividend payout
Thursday, June 1, 2017
Romanian natural gas producer Romgaz [BSE:SNG] said on Tuesday its board of directors has approved the distribution of an additional dividend of 1.42 lei per share and set July 26, 2017, as the payment date, seenews.com informs. Total additional dividend payout will stand at 547.3 million lei ($133.8 million/119.9 million euro), or 435.4 million lei from retained earnings and 111.9 million lei from a surplus achieved from ...
Rompetrol Downstream opened the first gas station equipped with electric cars charging points
Thursday, June 1, 2017
Rompetrol Downstream, the retail division of KMG International group (former Rompetrol Group) opened on Friday the first gas station equipped with electric cars charging points, located in Bucharest on Chitilei street, following a 1.2 million dollar investment, stated Vlad Rusnac, the general manager of Rompetrol Downstream. "Even if the Romanian electric car market is in its early stage, we cannot ignore the international concern regarding the ...
Transgaz to invest more than 130 mln. euro in new pipelines to the Republic of Moldova
Thursday, June 1, 2017
Transgaz will build a new transport infrastructure so that the Romanian gas will reach over the Prut, energynomics.ro informs. The project is considered “of national importance” by the authorities in Bucharest, and once realized it would allow Moldavians across the Prut to use gas from what will be extracted from the Black Sea. The total cost of Transgaz’ project is 131,7 million euros and involves the construction of two new gas pipelines in the north-east ...
MOL Romania builds LPG terminal in Tileagd following an investment of more than EUR 2.3M
Thursday, June 1, 2017
* MOL Romania is building an LPG (liquefied petroleum gas) terminal at Tileagd (Bihor) * The investment exceeds EUR2.3M * The new terminal will be endowed with 4 LPG tanks; this is the first investment of this kind made by MOL Group in Romania MOL Romania, the ...
RWE takes 1% of the power supply market in Romania
Thursday, June 1, 2017
German holding RWE took over the majority of Fidelis Energy’s customer portfolio, which held a market share of nearly 1% on the electricity supply segment, C?t?lin Vi?an, director of Fidelis Energy, told energynomics.ro. Following the turmoil this winter, a few small suppliers went into insolvency or bankruptcy and customers were picked up by last-instance vendors (FUIs). Prices ...
Reuters: Black Sea Oil & Gas to start offshore gas production in 2019
Thursday, June 1, 2017
Black Sea Oil & Gas said it aims to start production at two gas fields off Romania by 2019, becoming the first company to tap the country's vast offshore resources, Reuters correspondent reports. The Romanian company, controlled by private equity firm Carlyle Group LP ...
Why investors want greater ambition for the Clean Energy Package
Thursday, June 1, 2017
The goals of EU energy policy going forward must be ambitious if European countries want investors to provide the capital required to realise a smooth transition to a low-carbon economy and the growth this could generate, writes Stephanie Pfeifer formEurActiv.com. (Stephanie Pfeifer is CEO of the Institutional Investors Group on Climate Change (IIGCC), a collaborative forum with over €18 trillion in assets under management, ...
OECD Nuclear Energy Agency (NEA) welcomes two new member countries : Argentina and Romania
Thursday, May 25, 2017
On 17 May 2017, upon recommendation of the Steering Committee for Nuclear Energy, the Council of the Organisation for Economic Co?operation and Development (OECD) agreed to invite the Argentine Republic and Romania to become full members of the Nuclear Energy Agency (NEA) and its Data Bank, yourindustrynews.com informs. These accessions will be formalised with official exchange of letters between each country and OECD Secretary?General Angel Gurría in June ...
Grindeanu: Energy independence is the goal Romania seeks to achieve
Thursday, May 25, 2017
Energy independence is the goal Romania seeks to achieve, Prime Minister Sorin Grindeanu said on Wednesday, pointing out that, at the shortest time possible, the investments at Cernavoda power plant Units 3 and 4 will be ...
EBRD is providing a 5-million-USD loan to Expert Petroleum
Thursday, May 25, 2017
The European Bank for Reconstruction and Development (EBRD) is providing a 5-million-USD loan to Expert Petroleum to finance the enhancement of Romanian mature oil and gas onshore fields, according to an EBRD press statement released on ...
ENEL LAUNCHES E-SOLUTIONS, A NEW GLOBAL BUSINESS LINE
Thursday, May 25, 2017
New division entrusted to Francesco Venturini, formerly head of Enel Green Power Antonio Cammisecra, previously head of business development at Group’s renewables arm, takes over top job position at Enel Green Power As a further step forward in the execution of the Group’s growth strategy, Enel has established a new Global Business Line, named ...
Russian PM: Turkish Stream will enter EU via Bulgaria or Greece
Thursday, May 25, 2017
Russia is in negotiations with Greece and Bulgaria regarding the entry point on EU territory of the Turkish Stream gas pipeline, Russian Prime Minister Dmitry Medvedev is quoted as saying by the Russian press, euractiv.com informs. The Gazprom-sponsored pipeline Turkish Stream, also called TurkStream, will pump 31.5 billion cubic metres per year of Russian gas to Europe under the Black Sea, helping Moscow limit the gas transit through Ukraine. Its ...
PM Grindeanu met KazMunayGas officials at Victoria Palace
Thursday, May 25, 2017
At a meeting on Monday at the Government House with officials of Kazakhstan's state-run oil and gas corporation KazMunayGas, Prime Minister Sorin Grindeanu reconfirmed his cabinet's openness to investment in Romania, according to a Government release The Romanian Government says in a press statement that also attending the meeting were executives of the corporation's KazMunayGas International branch and of China Energy Company Ltd. (CEFC), the future ...
Romania imported 537,300 toe worth of usable natural gas between January and March 2017
Thursday, May 25, 2017
Romania imported 537,300 tonnes of oil equivalent (toe) worth of usable natural gas in the period between January and March 2017, by 332.3 percent (413,000 toe) more than in the similar period of 2016, according to the data centralized by the National Institute of Statistics ...
Romania imported 1.65 million toe of crude oil în Q1 2017
Thursday, May 25, 2017
In Q1 2017, Romania imported 1.65 million toe of crude oil, down 162,600 toe, or nine percent, from Q1 2016, according to data with the National Statistics Institute ...