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Energy & Environment
Cernavoda Nuclear Power Plant will be signed in November
Thursday, October 22, 2015
Romania's memorandum of intent for the development of units 3 and 4 of Romania’s Cernavoda Nuclear Power Plant, in the south-east, will be signed in November, Romanian energy minister Andrei Gerea announced on Thursday. The memorandum also sets the guidelines for future cooperation between Nuclearelectrica Romania and China General Nuclear Power Corporation, with a view to developing and implementing the project. After the signing of the Memorandum, the sides will start ...
OMV Petrom to sell the wind farm that it owns in Romania
Thursday, October 22, 2015
OMV Petrom is preparing to sell the only wind farm that it owns in Romania, given that the oil company is renouncing the operations unrelated to its main activities, and the oil price is decreasing, two company sources told Bloomberg on Thursday. According to the sources, who spoke under conditions of anonymity, the sale of this wind farm, built in 2011 on an investment of 90 million euros, is part of a larger Petrom plan to reduce ...
U.S. Ambassador to EU: Russia intends to use the energy as a political weapon
Thursday, October 22, 2015
Russia intends to use the energy as a political weapon and make Europe vulnerable, therefore the Transatlantic Trade and Investment Partnership (TTIP) is important, U.S. Ambassador to the European Union Anthony Luzzatto Gardner declared on Friday. He mentioned Romania's unique position, as the country does not need natural gas imports from Russia, while other European countries are more exposed from this point of view. The TTIP will bring ...
Romania has the natural gas supply for the winter secured
Thursday, October 22, 2015
Romania has the natural gas supply for the winter secured and the country, moreover, will continue investing in the storage capacity as well as in the capacity of using such type of fuel, Minister of Energy, Small and Medium-Sized Enterprises and the Business Environment Andrei Gerea said on Thursday. "We have prepared ourselves, we have the gas stocks, we have the production facilities. All such production facilities are ready for the winter. We keep in ...
Mihnea Constantinescu : Romania's region deserves higher concern for the strategic energy security
Thursday, October 22, 2015
Ambassador-at-Large and Special Representative for Energy Security of the Government of Romania Mihnea Constantinescu stated on Thursday that Romania's region deserves higher concern for the strategic energy security; he pointed out in this context that Ukraine is a critical transit country for the natural gas to the EU. "For Romania, as well as for other Central and Eastern European countries, Ukraine is a critical transit country in supplying the EU with ...
Minister Gerea: The energy strategy won't be ready this fall
Thursday, October 22, 2015
Romania's energy strategy won't be ready this fall, but its core pillar is the energy security, Energy Minister Andrei Gerea at the Bucharest Forum event on Thursday. "For now, we made it to finalize two more chapters. They'll be put under public scrutiny. We managed to cover the specifications to draw the consultant for the rest of the papers and hopefully in the shortest time - work is in progress, I cannot not say right now [when it will be ready - ...
OMV Petrom hydrocarbon production falls 2.2 pct in Q2 y-o-y
Thursday, October 22, 2015
Hydrocarbon production of OMV Petrom decreased by 2.2 percent in the third quarter compared with the same period of last year, to 174,000 barrels of oil equivalent (boe) per day in the context of scheduled jobs on some of the company’s important wells, Mediafax informs. Between July and September of last year, the company recorded a production of 178,000 boe per day. In the second quarter of ...
False start at Bonn climate conference
Thursday, October 22, 2015
The first day of the final round of climate negotiations did not bring the expected results, as questions over finance threaten to derail the process, Journal de l'Environnement reports, quoted by EurActiv.com. Six weeks before the Paris Climate Conference (COP 21), the negotiators of the 195 UN member states met for the last time in Bonn on 19 October to hammer out a draft ...
EU will beat 2020 emissions target but won't raise it without backing at COP21
Thursday, October 22, 2015
The European Union is on track to beat its target reduction in greenhouse gas emissions by 2020 but any move to increase it from 20% to 30% will only be considered if matched by developed countries at the UN Climate Change Conference in Paris. Climate Commissioner Miguel Cañete Tuesday (20 October) in Brussels launched a report by the European Environment Agency (EEA). It predicted that if no additional measures were taken, the EU ...
Large Natural Gas Field Discovered in Romania's Black Sea Continental Shelf
Thursday, October 15, 2015
Russian oil giant Lukoil, PanAtlantic and Romgaz discovered a significant natural gas field in the Black Sea continental shelf of Romania. This was announced by Romgaz, the largest natural gas producer and main gas supplier in Romania, in a statement released on Wednesday. The drilling of exploratory well LIRA-1X, which was completed in October 2015, led to the discovery of the natural gas field located in the deep sea Romanian offshore in Trident ...
Nigerian subsidiary setup by Romania's Grup
Thursday, October 15, 2015
Local oil services company Grup Servicii Petroliere (GSP), owned by the Romanian investor Gabriel Comanescu, will set up a subsidiary in Nigeria, the country with the largest oil and gas industry in Africa. Nigeria’s proved oil reserves are estimated between 16 and 35 billion barrels, and the investments in this sector will amount to USD 200 billion in the next ten years. Constanta-based GSP performs offshore drilling and construction for ...
Gas pipeline from Romania to Moldova to be built in 2016
Thursday, October 15, 2015
A Moldovan government official says work on a gas pipeline that will transport ...
PRIMARY ENERGY RESOURCES INCREASED BY 3.9%
Thursday, October 15, 2015
- During 1.I – 31.VIII.2015, primary energy resources increased by 3.9%, while those of electricity increased, as compared to the same period of previous year, by 9.8%. The electricity generated in Romania in the first eight months of this year totaled 43.33 billion KWh, up ...
Romanian Energy Efficiency Forum : Developing a Sustainable Romania
Thursday, October 15, 2015
The opportunities and obstacles that Romania faces when it comes to sustainable development are reflected in the energy efficiency sector. After Law 121/2014 on energy efficiency came into effect, the road towards establishing strategies through which objectives set forth by this law could be achieved, in conformity with EU regulations, was opened. The Romanian Energy Efficiency Forum, hosted by The Romanian Association for the Promotion of Energy ...
Energy authority official: 30pct of Romanian household budget spent on energy
Thursday, October 15, 2015
Romanian households spend on average 30pct of their budget on energy bills, while other countries see 10pct as a consumer vulnerability, says Corneliu Radulescu, general director of the Energy Efficiency Department of Romania's National Energy Regulatory Authority (ANRE)."Romania is facing a big problem in terms of energy consumption, which dropped dramatically over the past five years. In Romania, the industry got to consume less than the population. Whereas 15 years ago ...
Romania's Energy Strategy could be drawn up in about two weeks, official says
Thursday, October 15, 2015
Romania's Energy Strategy could be drawn up in about two weeks, with the document including among its objectives keeping an affordable energy price for end-consumer, State Secretary in the Ministry of Economy, Trade and Tourism (MECT) Maricel Popa told a specialized conference on ...
Black Sea Offshore – a conference to find solutions (October 20-21st)
Thursday, October 15, 2015
“Let’s not waste a good crisis“, said SPE President Helge Hove Haldorsen last month in Aberdeen. The organizers of the Black Sea Offshore conference describe the event an opportunity to find solutions not only survive in the current climate but adapt and grow, energuconomics.com informs. New speakers were confirmed to offer the audience practical tools, innovations and ideas for business development despite low oil prices. ...
EurActiv:'Sanctions' and 'punishment' barred from COP21 vocabulary
Thursday, October 15, 2015
Negotiators have several terms for the way they plan to enforce any deal reached at global climate talks in Paris this December, EurActiv.com says. "Peer pressure" and "cooperation" are a couple. "Race to the top" is the American buzzword. What you won't hear mentioned is the word "sanctions". Or "punishment". For all their efforts to get 200 governments to commit to the toughest possible cuts in greenhouse gas emissions, climate negotiators have all ...
Minister Gerea: the construction of reactors 3 and 4 in Cernavoda could start in two years
Thursday, October 8, 2015
The memorandum with the Chinese investors which is at the basis of the contract for the construction of reactors 3 and 4 in Cernavoda could be signed in November so that the construction of the two units start in two years’ time, according to the minister of energy Andrei Gerea. ‘It’s good that we managed to get to an agreement and we will sign this memorandum. It is an extraordinary investment and it is difficult to see such ...
Hidroelectrica to sell 31 small hydropower plants with 20pct discount
Thursday, October 8, 2015
Hidroelectrica is selling 31 small hydropower plants with 20pct discount, the units having a cumulative installed capacity of 25.7 MW, a release sent on Wednesday by the company ...