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Energy & Environment
Crude oil imports go up 7.5pct more year on year
Thursday, September 17, 2015
Romania imported in the first seven months of this year, a crude oil amount of 3.979 million tonnes of oil equivalent (toe), by 276,100 toe (7.5pct) more year on year, according to the data centralized by the National Statistics Institute ...
Reuters: CEE POWER-Czech and Slovak spot falls, as Hungary and Romania rise
Thursday, September 17, 2015
Cooler weather and forecasts for increased renewables output drove Czech and Slovak day-ahead power lower on Monday, while outages and demand in the Balkans sent Hungarian and Romanian spot prices higher, traders said, quoted by Reuters. Czech electricity for Tuesday fell 19 percent to 27.17 euros ($30.75) per megawatt hour, Slovak day-ahead declined 23 percent to 28.85 euros, while Hungarian spot power climbed 13 percent to ...
Coal net output, from January through July 2015, by only 0.8pct (19,700 tep) higher
Thursday, September 17, 2015
The coal net output of Romania has totaled in the period from January through July 2015 some 2.601 million tep, by only 0.8pct (19,700 tep) higher than the production in the similar period of 2014, according to data released by the National Institute of Statistics ...
Austria's Biogest builds 5.3 mln euro biogas plant in Romania - BCR bank
Thursday, September 17, 2015
The Romanian unit of Austria's Biogest, First Biogaz, has invested about 5.3 million euro ($6 million) in a biogas-fuelled plant in Romania, Banca Comerciala Romania (BCR), which financed the project, said on Tuesday. The plant, located in Ardud town in the northwestern county of Satu-Mare, has an installed power of 1.5 MW, BCR said in a statement. The business of Biogest covers design, planning, ...
Natural gas imported in the first seven months of 2015, down by 79.5pct
Thursday, September 17, 2015
Romania imported a usable natural gas quantity of 66,900 tonnes of oil equivalent (toe) in the first seven months of 2015, down by 79.5pct (259,300 toe) year on year, according to the data centralized by the National Statistics Institute ...
Addressing Power and Water Sustainability in GCC Region
Thursday, September 17, 2015
The Gulf Cooperation Council (GCC) is one of the most water-scarce regions in the world. While being important Oil & gas producers, their socio-economic growth is converting them into very big energy consumers . The growing population putting pressure to have more energy and water for their basic needs. GCC countries can increase the sustainability of their water & power sectors by addressing three issues: Improving energy ...
Roland Berger Report: Paving the way for the Central European North-South Infrastructure Corridor
Thursday, September 10, 2015
The report “Making it happen. Paving the way for the European Central North-South Infrastructure Corridor” was presented during a debate held in Krynica, Poland. The authors stressed that the implementation of key components of this corridor by 2020 should be a shared commitment of the European Commission, of the national governments, of the transmission systems operators and of the funding institutions. The North-South Corridor – a series of connected ...
Romanian developer to dismantle now-unprofitable project
Thursday, September 10, 2015
As regulatory changes slash revenue potential, Monsson Group will take down its completed 27MW wind farm rather than switch on and lose money for 25 years. Romanian renewable energy firm Monsson Group is preparing to dismantle turbines at its 27MW Targusor wind farm in Constance county, a sign of just how bad things have become in the country’s once booming wind ...
Launching new procedure for seeking a contractor of Romania-Bulgaria interconnector may delay its implementation: Energy Minister
Thursday, September 10, 2015
A Bulgarian company was selected as contractor for the construction of the Romania-Bulgaria interconnector. That is what Minister of Energy Temenuzhka Petkova told journalists, a reporter of FOCUS News Agency announced. "Unfortunately, on September 2 we received a letter by Bulgartransgaz that the contractor was withdrawing from the contract, due to changes in relations with its subcontractor", Minister Petkova said. She pointed out that yesterday ...
Romania's distribution of electric power in Romania affects competition in a negative way
Thursday, September 10, 2015
Following a recent warning report from the Competition Council of Romania, the present fee system for the distribution of electric power in Romania, which is distributed differently according to geographical areas, negatively affects competition depriving the consumer of benefits, unjustified even by the security of the national power grid. The head of the Competition Council, Bogdan Chiritoiu, told us about the measures taken to protect consumers and ensure transparency in ...
Court forbids the company Petrotel Lukoil Ploiesti to initiate dissolution or liquidation
Thursday, September 10, 2015
Prahova County Court forbids the company Petrotel Lukoil Ploiesti, prosecuted for money laundering, to initiate dissolution or liquidation. The decision can be challenged in court by company representatives within 24 ...
Germany helps Russia bypass Ukraine via ‘Nord Stream 2’
Thursday, September 10, 2015
Gazprom and its European partners signed a shareholders' agreement on the Nord Stream-2 gas pipeline project that will run beneath the Baltic Sea to Europe, bringing Europe closer to Moscow's energy orbit. Russia provides for an estimated third of the EU's energy needs, but around half of the gas the EU imports from Gazprom is shipped via Ukraine, with which Russia is in conflict. Gazprom wants to find new ways to deliver gas to Europe, bypassing its ...
Excises level and currency devaluation pull up fuel price
Thursday, September 10, 2015
The government has practically doubled in the last seven years the level of fees, and the RON depreciated in nominal terms over the same period, which makes the reduction of oil prices on international markets not have a major effect in Romania, according to profit.ro. The recent decrease of international oil price brought in the collective memory the days when gasoline could be purchased with 3 RON/liter. But this nostalgia is not only among the ...
The government approved the formation of Romanian-Chinese company to build a coal-fired plant
Thursday, September 10, 2015
The Government mandated Wednesday, the Ministry of Energy to exercise the right to vote in the General Meeting of the Shareholders of Complexul Energetic Oltenia (CEO) in order to form the project company for the construction of the 600 MW coal powered energy group at the Electrocentrale Rovinari Branch, writes Mediafax. “The project “Green / Brown Field” type, will be conducted by a joint venture company that will involve China ...
Imports of oil products in the first five months of 2015 stood at 900,600 tonnes
Thursday, September 3, 2015
Romania's imports of oil products in the first five months of 2015 stood at 900,600 tonnes, according to centralised data with the National Institute of Statistics ...
President Iohannis met representatives of the ExxonMobil and OMV Petrom companies
Thursday, September 3, 2015
President Klaus Iohannis met on Wednesday with representatives of the ExxonMobil and OMV Petrom companies; in this context, he voiced Romania's interest in putting at work its advantages in the energy industry, the Presidential Administration informed in a release. According to the document, the meeting was held in the context of the association of the two ...
Romania Doing Badly on Recycling 'E-Waste'
Thursday, September 3, 2015
* Romania has been ranked at the bottom of a European table in terms of properly recycling its dangerous electrical and electronic waste Romania has collected and recycled less than 20 per cent of all electrical and electronic waste in recent years and is at the bottom of a European table ranking, according to a study by the UN and Interpol. Only Spain and Cyprus ...
Reuters: Romania, China to start building 600 MW power plant
Thursday, September 3, 2015
According to Reuters, a new coal-fired power plant built by Romanian state-owned power holding Oltenia in partnership with a Chinese firm is expected to cost 847.6 million euros ($956.43 million) and be connected to the national grid in 2019, the government said on Wednesday. China's Huadian Engineering Co won the tender to partner Oltenia in building the 600 megawatt plant in 2012m but works ...
UNTRR asks for the cancellation of the super-excise on fuels on January 1 2016
Thursday, September 3, 2015
The National Union of Romanian Road Transport Operators (UNTRR) asks for the cancellation of the super-excise on fuels on January 1 2016, as only 0.8 percent of it was refunded from January to July this year, and waiting times are very long and ...
Bulgaria’s gas inter-connector to Romania runs into new delay – report
Thursday, September 3, 2015
Bulgaria’s much-postponed gas inter-connector pipeline with Romania has run into a new delay, with the company picked to drill under the Danube River reluctant to sign a contract, a report by news website Mediapool.bg claimed on August 27. Initially slated for completion by mid-2013, the project has been beset by technical difficulties, with the previous contractor – a consortium of Romanian companies – losing valuable equipment in ...