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Energy & Environment
State gets 18.8 million euros from certificates on emission of gases with greenhouse effects
Thursday, May 12, 2016
The state got over 18.8 million euros in April from the sale of certificates of gas emission with greenhouse effect on the joint EU tender platform, according to a document published on the site of the Public Finance Ministry (MFP). Over 3.3 million certificates worth 18.871 million euros were sold in April. In January, MFP got 16.5 million euros from such certificates, in February 18.7 million euros and in March 17.9 million ...
Energy Minister : Romania's uranium ore is in the process of natural depletion
Thursday, May 12, 2016
The situation at the Uranium National Corporation (CNU) is one of the most resounding failures in the system on a managerial and public policy level, and solving the problems entails re-opening some new blocks and retooling investment, Energy Minister Victor Grigorescu told a news conference on ...
PwC Study: direct investments in the renewable energy sector of Romania is estimated at 7 billion euros
Thursday, May 12, 2016
The value of total direct investments in the renewable energy sector of Romania is estimated at seven billion euros, with most these being made in imported equipment, shows the study drawn up by PricewaterhouseCoopers, entitled 'The impact of Support Schemes of Renewable Energy in Romania and Lessons Learnt from EU Countries,' presented on Wednesday in ...
KMG International: Some external factors can still influence the KMG and China's CEFC agreement
Thursday, May 12, 2016
Kazakhstan's KazMunayGas (KMG) and China's CEFC have completed the obligations part of their agreement on a joint venture with 51 per cent Chinese participation, KMG International Senior Vice President Azamat Zhangulov announced in a press conference on ...
Minister Grigorescu: no risk of insolvency for the Oltenia Energy Complex
Thursday, May 12, 2016
There is no risk of insolvency for the Oltenia Energy Complex (CEO), although the payment of debts could take years, not just four months of good results, Energy Minister Victor Grigorescu assured on ...
CET Govora files for insolvency
Thursday, May 12, 2016
CET Govora, the state-owned electricity and heat producer, has filed for insolvency, business-review.eu informs. The company was a supplier for several cities, including Ramnicu Valcea. CET Govora has debts of around EUR 200 million for the coal it got from another state-owned company, Complexul Energetic Oltenia. The company also has to recover money. For instance, it should receive RON 137 million from ...
Romania plans to unfold the first project in the region on exploitation and exploration of the Black Sea gas resources
Thursday, May 12, 2016
Romania plans to unfold the first project in the region on exploitation and hopefully exploration of the Black Sea gas resources at big depths, Energy Minister Victor Grigorescu announced ...
OMV and NIOC signed in Tehran a set of agreements on the joint exploration of oilfields in Iran
Thursday, May 5, 2016
Austrian oil company OMV, Petrom majority shareholder, and the National Iranian Oil Company (NIOC) signed in Tehran a set of agreements on the joint exploration of oilfields in Iran, informs an OMV release this ...
CEFC will pay 680 million dollars for the purchase of 51 per cent stake in KMGI, the former Rompetrol Group
Thursday, May 5, 2016
Chinese company CEFC will pay 680 million dollars for the purchase of 51 per cent stake in KMGI, the former Rompetrol Group, while pledging to invest at least 3 billion dollars over the next five years, according to the CEFC ...
Transgaz made last year nearly 70% of the proposed investment
Thursday, May 5, 2016
Last year, the natural gas transport and dispatching company Transgaz, has made investments totaling 239.55 million lei, representing 68% of the investment volume budgeted at the beginning of the year, shows a press release of the company from Medias, energynomics.ro informs. According to the Management Plan, for 2015 were estimated investments of 352.2 million lei. The financial results approved by the shareholders show that the gross result (EBITDA) ...
EurActiv: Green transport target will be scrapped post-2020, EU confirms
Thursday, May 5, 2016
EU laws requiring member states to use “at least 10%” renewable energy in transport will be scrapped after 2020, the European Commission confirmed, hoping to set aside a protracted controversy surrounding the environmental damage caused by biofuels. The European Commission will table a revision of the Renewable Energy Directive at the end of 2016, aiming to further push renewable sources like wind and solar across the European ...
Import gas prices in Romania will continue to decline
Thursday, May 5, 2016
Import gas prices in Romania will continue to decline in the period immediately ahead and reach next winter a level that is 10 percent lower than the domestic gas prices, E.ON Romania CEO Frank Hajdinjak told a news conference."Import gas prices ...
Energy suppliers pay a green certificate not acquired with 539 lei
Thursday, May 5, 2016
Energy suppliers will pay 539 lei per green certificate not acquired in 2016 according to the annual mandatory quota shows an order of ANRE quoted by energynomics.ro. For green certificates not acquired last year, an actor in the energy market pays a penalty of 534.07 lei. Amounts paid for these debts go to the Environment Fund Administration (AFM). For the past year, ANRE published at the end of March an initial list of 49 companies that had not met ...
ANRE is preparing a law package to amend the current gas market legislation
Thursday, April 28, 2016
The Regulatory Authority for Energy (ANRE) is preparing a law package to amend the current gas market legislation, allowing the market liberalization ahead of the existing calendar, the institution's president Niculae Havrilet said ...
Ciolos: Romania has production potential both for gas and electricity
Thursday, April 28, 2016
Romania has production potential both for gas and electricity, but the European perspective which focuses increasingly more on green energy, renewable energy, zero carbon emissions energy must also be taken into account, Prime Minister Dacian Ciolos told the Tuesday conference on food security and energy organised at the Romanian Banking Institute of ...
Ciolos: to become an energy hub, a partnership with Turkey, Kazakhstan and Turkmenistan is important for Romania
Thursday, April 28, 2016
For Romania to become an energy hub, a partnership with Turkey as well as other countries like Kazakhstan and Turkmenistan is important, Romania's Prime Minister Dacian Ciolos said ...
E.ON Group invested 97 million euros in 2015 in Romania
Thursday, April 28, 2016
E.ON Group companies in Romania invested 433 million lei (97 million euros) in 2015; since entering the local market, they paid nearly seven billion lei in taxes, company representatives announced on ...
OMV CEO Reiner Seele : Romania and Austria remain key markets for OMV
Thursday, April 28, 2016
Romania and Austria remain key markets for OMV, since these countries supply two thirds of the oil and natural gas of the Austrian company, OMV CEO Reiner Seele said in Bucharest on ...
E.ON Energie Romania terminated a contract signed in 2015 with Romgaz
Thursday, April 28, 2016
E.ON Energie Romania terminated on 22 April 2016 a contract signed in September 2015 with Romgaz for purchasing natural gas for E.ON's household customers on the free market, according to a company's report to the Bucharest Stock Exchange ...
OMV Petrom to grant no dividends for 2015
Thursday, April 28, 2016
The OMV Petrom shareholders have approved on Tuesday in the company's annual general meeting to grant no dividends for 2015, considering the high level of liquidity necessary for investments in 2016, estimated at 3.98 billion lei, the company informs in a ...