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Energy & Environment
Romania's primary energy resources up by 2pct, electric energy up by 7.8pct in 2015
Thursday, February 18, 2016
Romania's main primary energy resources increased by 2pct year-on-year to 32.873 million tonnes of oil equivalent (toe), and electric energy resources by 7.8pct YOY to 69.373 billion KWh in 2015 , the National Institute of Statistics (INS) informed on Thursday. Domestic production of energy totalled over 22.04 million toe, up by 163,900 toe year-on-year, and imports totalled 10.831 million toe. Electricity production in thermal ...
Romania looks for Danish investors in the energy domain
Thursday, February 11, 2016
The Danish experience in the domain of solutions adopted for central heating may constitute a topic of collaboration between the specialists in the two countries, stated the minister of energy Victor Grigorescu in a meeting with the ambassador of Denmark to Romania Karst Vagn Nielsen. The discussions between the two officials aimed at the action directions in the domain of energy, such as energy security and efficiency. ‘The Denmark Kingdom is an ...
Imported natural gas price, 14pct higher than domestic production price in October 2015
Thursday, February 11, 2016
The price of natural gas imported from the Russian Federation stood at 87.35 lei per MWh in October, by only 14pct higher than the price of domestic natural gas production on the centralized market, 76.06 lei per MWh respectively, according to a report by the National Energy Regulatory Authority (ANRE).In recent years, Russian gas was usually twice as expensive as that extracted from the Romanian soil. Russian gas has a price taking into ...
Romania’s Ministry of Energy aims to protect whistleblowers reavealing corruption in SOEs
Thursday, February 11, 2016
The Ministry of Energy announced the rollout of a new instrument, it says can protect employees that will report anonymously any information about corruption in state-owned enterprises. The system has become operational starting Wednesday. “This has been a project that was on my mind from the first days I have started my activity at the Ministry of Energy, because this instrument will help us improve the integrity level both at the level of the ...
Radu Dudau to coordinate Romania’s new energy strategy
Thursday, February 11, 2016
The government’s efforts to create a new energy strategy for the 2016-2030 period, with an outlook through to 2050, will be coordinated by Radu Dudau, the personal advisor of energy minister Victor Grigorescu, business-review.eu reports. Dudau was part of the board of advisors that worked on the energy strategy in 2014 and he is specialized in the area of international energy policy, the geopolitics of natural resources and the strategic analysis ...
Consolidating Moldova and Ukraine's energy security is a priority with Romania
Thursday, February 11, 2016
Consolidating Moldova and Ukraine's energy security is a priority with Romania in the context of regional promotion of energy security policies, ambassador Mihnea Constantinescu, special representative of Romania's Government for energy security, said ...
Eurostat: Romania, among EU states least dependent on energy imports
Thursday, February 11, 2016
The European Union's energy dependency in 2014 stood at 53.4 percent, which means that the EU had to import more than half of the energy it consumed. The EU member states least dependent on energy imports were Estonia (8.9pct), Denmark (12.8 pct) and Romania (17pct), reveal data released on Thursday by the European statistics office (Eurostat).At the opposite end, the member states that recorded the highest share of energy imports in 2014 were: Malta (97.7pct), Luxembourg (96.6pct), Cyprus ...
Transgaz auctions works of over 485 million euro
Thursday, February 11, 2016
Transgaz Medias, the national company operating the natural gas transport system, plans to procure services and works with an aggregate value of approximately 486.7 million euros, shows an announcement from the company. According to energynomics.ro, the contract with the lowest value, is for the construction of the transport internal pipeline between Mintia and Stei (5.4 million euros). The largest contract, of about 310 million euros, is regarding the first phase of works ...
EurActiv: EU countries must power neighbours during shortages, under new rules
Thursday, February 11, 2016
European Union countries will be obliged to help power households and social services such as healthcare in neighbouring member states in case of severe shortages, under legislation to be put forward by the European Commission this week. This “solidarity principle” was described as a “big shift” by EU sources, who said the new draft rules would also encourage much greater uptake of liquefied natural gas (LNG) in the bloc. "To ...
EU institutions still divided over conflict minerals
Thursday, February 4, 2016
A new round of negotiations has begun in Brussels to try to reach a compromise on conflict minerals. But the process has stalled over disagreements on supply chain monitoring. EurActiv France reports. “Trade is an excellent weapon to eradicate poverty in developing countries,” the European Commissioner for ...
Transeastern Power Trust to Acquire Wind Project in Romania from RG Renovatio for USD21.9 Million
Thursday, February 4, 2016
Transeastern Power Trust , a renewable energy holding company, has agreed to acquire wind project located in Romania , from RG Renovatio Group Ltd , a solar and wind energy development company, for a purchase consideration of CAD30.6 million ( USD21.88 million ) less the amount of debt financing on the wind project as on the closing date. The total installed capacity of wind project is 17 MW. The transaction implies a deal value of USD1.28 million per ...
Mihalache: The energy can bring a new quality level to the Romanian-US strategic partnership
Thursday, February 4, 2016
The head of Romania's Presidential Chancellery, Dan Mihalache, had a meeting with Special Envoy and Coordinator for International Energy Affairs leading the Bureau of Energy Resources (ENR) at the U.S. Department of State Amos J Hochstein, where he showed that energy can bring a new quality level to the Romanian-US strategic partnership, Romania's Embassy to the USA reports in a ...
Ministry of Energy will get 800.4 million lei in 2016 from the sale of the shares owned in Rompetrol Rafinare
Thursday, February 4, 2016
The Ministry of Energy will get 800.4 million lei this year from the sale of the shares owned in Rompetrol Rafinare, reads the budget of revenues and expenditures of the institution. In July 2015, the Government approved the sale of the 26.7pct ...
Oltenia Energy Complex was fined 60,000 lei by the National Environmental Guard
Thursday, February 4, 2016
The Oltenia Energy Complex (CEO) was fined 60,000 lei for operating power units No 1 and 7 of the Turceni thermal power plant in Gorj County, in violation of legal provisions on industrial emissions, the National Environmental Guard (GNM) says. The GNM also ordered the halting of the two ...
Vast Resources invests USD 4.5 mln in its two Romanian mines in 2015
Thursday, February 4, 2016
Vast Resources, a British mining company, announced an investment of USD 4.5 million in 2015, in the two mines the company administers in Romania (Baita Plai, Bihor County, and Manaila, in Suceava County), business-review.eu informs. The sums assigned for these projects targeted activities of infrastructure maintenance, equipping the mines with new machinery, maintenance of the two sites, environmental projects and ...
Reuters:Iranian oil output recovering as first cargoes sold to Europe: sources
Thursday, February 4, 2016
Iran is on track to raise oil production by 500,000 barrels per day after the lifting of sanctions this month and has already sold 6 supertankers with additional crude to buyers in Europe and Asia, a Iranian oil source said, quoted by Reuters correspondent. The source, familiar with export operations, said three supertankers with additional volumes of crude have been sold to buyers in Europe and three to Asian customers for ...
OMV Petrom proposes an 1 billion lei lei investment in a gas condensing plant
Thursday, February 4, 2016
OMV Petrom auctions a contract that could reach a value of nearly 1 billion lei to build a gas condensing plant at Hurezani, where the company has completed in 2010 a project to optimize the delivery in the national transport system of natural gas extracted from fields in southwestern Romania. According to the notice published by OMV Petrom, the total investment could reach 966 million lei, VAT included, and the contract is estimated to last about 2 ...
ENI and Gazprom go to court because of South Stream cancellation
Thursday, February 4, 2016
The Italian company Saipem, owned by the ENI energy group, has performed a legal action against a company controlled by Gazprom, due to the losses emerging from the cancellation of agreements for the construction of the South Stream gas pipeline, informs RIA Novosti, writes Agerpres. The two companies could not reach an amicable settlement. Saipem was the main contractor for this pipeline and had two agreements signed, worth 2.4 billion ...
New EU laws to make member states share energy and boost LNG market
Thursday, February 4, 2016
European Union countries will be obliged to help power households and social services such as healthcare in neighbouring member states in case of severe shortages, under legislation to be put forward by the European Commission next week. This “solidarity principle” was described as a “big shift” by EU sources, who said the new draft rules would also encourage much greater uptake of liquefied natural gas (LNG) in ...
Population and the district heating power plants to consume 3 pct import natural gas in February
Thursday, January 28, 2016
The population and the district heating power plants will consume three percent import natural gas in February, with the domestic production covering most of the demand, according to a document of Romania's Regulatory Authority for Energy (ANRE). The total ...