RSS
Energy & Environment
OMV and ExxonMobil will not start gas production in the Neptune Perimeter in the Black Sea earlier than 2020
Thursday, April 28, 2016
OMV and ExxonMobil will not start gas production in the Neptune Perimeter in the Black Sea earlier than 2020 because the final decision of investment has not been taken yet, OMV CEO Reiner Seele said on Tuesday in ...
Competition Council won a final and irrevocable ruling in the lawsuit with OMV Petrom
Thursday, April 28, 2016
The Competition Council won a final and irrevocable ruling in the lawsuit with OMV Petrom whereby the latter challenged the fine ordered on it in 2011, according to a decision published on the website of the High Court of Cassation and ...
Lonea and Lupeni coal mines will enter the closing down program until 2018
Thursday, April 28, 2016
The Jiu Valley Lonea and Lupeni coal mines will enter the closing down program until 2018 and only the Livezeni and Vulcan mines will still be part of the Hunedoara Energy Complex, Energy Minister Victor Grigorescu announced in a press conference this ...
Ukraine proposes Romania to use its underground gas storage facilities – Poroshenko
Thursday, April 28, 2016
President of Ukraine Petro Poroshenko has proposed that Romania use Ukraine's underground gas storage facilities in order to improve energy stability in the region,http://en.interfax.com.ua/ reports. "I proposed to the Romanian side to use a ...
Minister Borc: Romania wants to strengthen its cooperation with the International Atomic Energy Agency
Thursday, April 28, 2016
Romania wants to strengthen its cooperation with the International Atomic Energy Agency (IAEA) to build a strategic partnership in the nuclear area in order to secure sustainable global cooperation, Romania's Minister of Economy, Trade and Relations with the Business Environment Costin Borc said Thursday at a meeting with visiting IAEA Director General Yukiya ...
Romgaz: natural gas market of Romania is not ready yet for liberalization
Thursday, April 28, 2016
The natural gas market of Romania is not ready yet for liberalization, because there is no competitive environment and the current prices are conjunctural, said the commercial director of the Romgaz (Romania's biggest producer of natural gas - author's note) Vasile Ciolpan at a specialist debate on ...
Lukoil will continue exploring the Black Sea Trident block
Thursday, April 28, 2016
Lukoil's First Vice-President for Refining, Marketing and Distribution Vladimir Nekrasov has told Romania's Energy Minister Victor Grigorescu that Lukoil will continue exploring the Black Sea Trident block, where preliminary evaluations indicate the presence of gas deposits in excess of 32 billion cubic metres, the Romanian Energy Ministry ...
The Oltenia Energy complex announces the set up of the joint company Huadian Oltenia Energy SA
Thursday, April 21, 2016
Approximately 250 new work places will be created following the registration at the Commerce Register of the joint company Huandian Oltenia Energy SA resulting from the partnership between the Oltenia Energy Complex and the Chinese company Huandian engineering shows a press release posted on Friday on the site of the company. According to the quoted source, a delegation of the Chinese party in the joint company Hundian Oltenia Energy SA paid between 28 March – 12 April ...
In March the state collected over 17.9 million euro from certificates of greenhouse gases emissions certificates
Thursday, April 21, 2016
The state collected over 17.9 million euro, in March as a result of the trading on bidding platforms of the EU of the certificates for green house effect gases which belong to the stationary installations and the aviation sector, shows the document published on the site of the ministry of public finances (MFP). Thus, in March were traded over 3.6 million certificates for the stationary installations worth almost 17.8 million euro. As regards the ...
Sefcovic sheds light on Nord Stream 2 negotiations
Thursday, April 21, 2016
Speaking to a group of journalists Tuesday (19 April), Commission Vice-President Maroš Sefcovic, in charge of Energy Union, shed light on the ongoing negotiations to reconcile the Nord Stream 2 pipeline project with EU legislation, EurActiv.com reports In previous meetings, Sefcovic had expressed concern that the project was not in ...
Minister Palmer: more than 13 percent of greenhouse gas emissions come from the transport sector
Thursday, April 21, 2016
The transition to a less polluting type of transport means a necessity in Europe and implicitly in Romania, where more than 13 percent of greenhouse gas emissions come from the transport sector, and 96 percent of these are caused by road transport, said Minister of Environment, Water and Forestry Cristiana Pasca Palmer, in a press release of the relevant ministry, after the joint ...
Wind energy temporarily covers almost one quarter of Romania's electricity production
Thursday, April 21, 2016
Wind energy was covering on Friday 23.21 percent of Romania's electricity production, second only to hydro power, according to live data on the national energy system posted on the website of Transelectrica, the power grid operator. At 2pM, the energy production in wind farms amounted to 1.941 MW; hydro power plants were yielding 2,192 MW ...
Lukoil will continue exploring the Black Sea Trident block
Thursday, April 21, 2016
Lukoil's First Vice-President for Refining, Marketing and Distribution Vladimir Nekrasov has told Romania's Energy Minister Victor Grigorescu that Lukoil will continue exploring the Black Sea Trident block, where preliminary evaluations indicate the presence of gas deposits in excess of 32 billion cubic metres, the Romanian Energy Ministry ...
Moody's upgrades Transelectrica's rating to Ba1; stable outlook
Thursday, April 21, 2016
Moody's Investors Service, ("Moody's") has this Thursday upgraded to Ba1 from Ba2 the corporate family rating (CFR) and to Ba1-PD from Ba2-PD the probability of default rating of Romanian electricity transmission system operator Transelectrica S.A. According to the press release sent by Moody's, it has also upgraded its view of Transelectrica's standalone credit quality, as expressed by the company's baseline credit assessment (BCA), to ba2 from b1. ...
EurActiv: Commission considering health rules in Energy Union efficiency bill
Thursday, April 21, 2016
The European Commission will consider including indoor climate rules in its forthcoming legislation on Energy Union, the Commission Vice-President in charge of the strategy yesterday (20 April) revealed. Maroš Sefcovic said that officials would factor in the requirements – which bring health and well-being benefits – in research feeding into the revised Energy Performance in Buildings Directive. But ...
High-efficiency cogeneration bonus could decrease by 9pct in the second half of 2016
Thursday, April 14, 2016
The bonus for high-efficiency cogeneration invoiced to all consumers in Romania could decrease by 9pct in the second half of this year, from 15.82 lei per MWh to 14.39 lei per MWh, according to a document of the Regulatory Authority for Energy ...
ANRE: VAT regime for renewable energy producers should be changed
Thursday, April 14, 2016
The VAT regime for renewable energy producers should be changed, given that they pay VAT for all the green certificates received, whether or not they are sold, vice-president of the National Energy Regulatory Authority (ANRE) Emil Calota said on ...
Report "Nuclear Illustrative Programme": nuclear power is part of the energy mix in half of the EU member states
Thursday, April 14, 2016
Nuclear power will remain an important component of the European energy mix in the outlook of 2050, show the conclusions of the report "Nuclear Illustrative Programme" (PINC), drawn up by the European Commission, according to a release from the Romanian Atomic Forum ...
Final electricity consumption in the first two months of the year, up 5.8 percent
Thursday, April 14, 2016
Romania's final electricity consumption in the first two months of the year amounted to 9.3 TWh, up 5.8 percent from the same period of the year before, shows data published on Monday by the National Institute of Statistics ...
Julian Popov: The future of gas in Europe is uncertain
Thursday, April 14, 2016
Gas demand in Europe will most likely continue to decline. This is the reason why the competition for additional gas import infrastructure is so fierce and politicised – there is simply no need for more, Julian Popov told EurActiv.com in an exclusive interview. Julian Popov is a Fellow of the European Climate Foundation, Chairman of the Building Performance Institute Europe, former Minister of Environment and Water of Bulgaria. He is ...