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Energy & Environment
Niculae Havrilet: Three regulatory objectives for ANRE in 2015
Thursday, July 30, 2015
Niculae Havrilet, president of the Romanian Energy Regulatory Authority, ANRE The development and adaptation of the regulatory system to meet the requirements imposed by the liberalization of energy markets and the requirements for ensuring a predictable regulatory framework and a stable investment climate, without neglecting energy security and sustainable development, is a constant activity of our ...
The agreement for 3, 4 nuclear units, signed by the end of the year
Thursday, July 30, 2015
Nuclearelectrica and China Nuclear Power General Corp. (CGNP), the Chinese contractor and financier for nuclear reactors 3 and 4, will have a construction agreement by the end of this year, claims the Cernavod? plant operator. The Chinese company was the only one to bid to participate in the construction of these two nuclear reactors, a project estimated at 6.45 billion euros moment, writes Adevarul.ro. Currently, the two companies are negotiating the ...
Nobel Oil launches its gas station network in Romania
Thursday, July 30, 2015
Nobel Oil from Azerbaijan makes its way on the market in Romania and the company will open its first petrol station in Ia?i. John Long, who helped expand in the Romanian market big companies like Shell, Lukoil and Rompetrol, was recruited by Azerbaijanis. His mission is to develop the first network of Nobel Oil petrol stations, according to economica.net. Six months ago, John Long said that, for starters, he is looking for locations in big cities such ...
EurActiv: Russian seizure of Georgian pipeline has dangerous implications
Thursday, July 30, 2015
*Taras Nazarenko urges Europe to wake up and notice Russia’s new weapon: seizing its neighbours' pipelines. (Taras Nazarenko is an independent Ukrainian political analyst and commentator). The Russian border guards stationed by the Kremlin on the perimeters of Georgia’s breakaway, pro-Russian enclave of South Ossetia, have moved the enclave’s border markers ...
President Iohannis: Romania is interested in prospects for electricity exports to Serbia
Thursday, July 23, 2015
President Klaus Iohannis on Thursday in Belgrade said that Romania is interested in the prospects for electricity exports to the regional market in South-East Europe. "Romania is interested in the prospects for electricity exports to Serbia and the regional market in South-East Europe. Exports could be conducted via companies operating on the two markets," ...
Canada’s Gabriel Resources files international arbitration suit against Romania
Thursday, July 23, 2015
Canadian gold project developer Gabriel Resources has filed a request for arbitration before the World Bank's International Centre for Settlement of Investment Disputes (ICSID) against Romania. The TSX-listed company had been embroiled in a longstanding dispute with Romania over the development of its flagship Rosia Montana gold/silver project, of which Gabriel held an indirect 80.69% interest, and alleged violations by the Romanian government of ...
3.82 million euros to promote 'Green Path to Sustainable Development' by the Sibiu Environmental Protection Agency
Thursday, July 23, 2015
The EEA Grants 2009-2014 contributed 3.82 million euros to a total of 4.55 million euros allocated to implement the project 'Green Path to Sustainable Development,' promoted and implemented by the Sibiu Environmental Protection Agency until the next year's spring, according to the initiators of the ...
Transgaz Company needs 2.8 million euros for three compression stations required for the Romanian stretch of Bulgaria - Romania - Hungary - Austria corridor
Thursday, July 23, 2015
Transgaz Company, the technical operator of the national natural gas transmission system in Romania is earmarking up to 2.8 million euros, pre-VAT for drawing up a technical project for three compression stations required for the Romanian stretch of Bulgaria - Romania - Hungary - Austria corridor, according to a participation announcement posted on the Electronic Public Procurement ...
Russia’s Lukoil received no response in connection with property seizure in Romania — CEO
Thursday, July 23, 2015
Lukoil invited the European Commission to take part in a transparent investigation of allegations on tax evasion and money laundering brought against the company in Romania Russian oil major Lukoil has not yet received a response from the European Commission in connection with the property seizure in Romania, Chief Executive Officer of Lukoil Vagit Alekperov said on Monday. "No, letters have recently been under review," ...
136.8 million lei, revenues from the car environmental stamp in Q1 2015
Thursday, July 23, 2015
The revenues from the car environmental stamp amounted, in Q1 2015, at 136.8 million lei, with the total sum collected in the two years since its introduction, having reached 1.487 billion lei, according to the data released by the Ministry of Environment, Water and Forestry in the reasoning note to the draft for amending and supplementing Government's Emergency Ordinance on car ...
Greece to confirm construction of natural gas pipeline jointly with Russia
Thursday, July 23, 2015
The Turkish Stream pipeline is more beneficial for Greece than the planned Trans-Adriatic Pipeline (TAP) Greece supports the plan of building a natural gas pipeline jointly with Russia to be an extension of the Turkish Stream gas pipeline, new Minister of Productive Reconstruction, Environment and Energy of Greece Panos Skourletis said on Monday at the ceremony of responsibilities’ handover from the former minister Panagiotis Lafazanis, tass.ru ...
Reuters: CEE POWER-Czech and Slovak spot fall while Hungary, Romania rise
Thursday, July 23, 2015
Czech and Slovak day-ahead power prices fell on Friday as lower demand offset a fall in renewable power generation, while Hungarian and Romanian power for Saturday jumped due to outages and a heatwave in the Balkans, traders said. On regional exchanges, Czech and Slovak spot power declined 16.85 percent to 32.72 euros ($35.62) per megawatt-hour (Mwh), Reuters reports. Data ...
Domestic energy consumption will go up next year by 1.4pct
Thursday, July 23, 2015
Domestic energy consumption will go up next year by 1.4pct to 33.16 million tonnes of oil equivalent (toe), whilst population's consumption will increase by 0.6pct, to 7.85 million toe, according to the Energy Balance Prognosis, made public by the National Prognosis Commission ...
Natural gas distributed in Romania by the end of 2014 hit 8.154 billion cubic meters
Thursday, July 23, 2015
The volume of natural gas distributed in Romania by the end of 2014 hit 8.154 billion cubic meters, by 477.6 million cubic meters less than in the previous year, while the same downward trend was seen in the distributed quantity of thermal energy, according to a release sent by the National Institute for Statistics on ...
Pauna (World Bank) – almost 30 billion euro should be invested in the Romanian energy sector, in the following 15 years
Thursday, July 16, 2015
Energy is an important sector in Romania, which necessitate big investment and in the following 15 years we estimate they approximately 30 billion euro should be invested, the biggest part of the investment coming from the private sector, stated on Friday Catalin Pauna, economist with the World Bank in Romania. ‘Energy is an extremely important sector in Romania with a big contribution to the formation of the GDP. It is a sector which needs ...
Rompetrol and ENI lose the trial with the Competition Council but the tribunal reduces the fine
Thursday, July 16, 2015
Rompetrol, the second oil company on the local market, and ENI Romania lost the trial with the Competition Council, through which they attacked the fine received for a agreement at the level of the cartel, but the High Court of Cassation and Justice of Romania reduced the sum to be paid to 2% of the turnover of 2010. The tribunal thus confirms that the oil companies breached the competition law, but they reduce the fine from 2.6% to 2% of the turnover ...
Coal production, by 6.8 percen higher in the five months of 2015
Thursday, July 16, 2015
The Romanian net coal production totalled 1.86 million tonnes of oil equivalent in the five months of 2015, by 6.8 percent (118,700 toe) higher than in the same period last year, show figures centralised by the National Institute of ...
Romania imported 66,600 tonnes of oil in the five months of 2015
Thursday, July 16, 2015
Romania imported 66,600 tonnes of oil equivalent (toe) worth of usable natural gas in the five months of this year, by 77.5 percent (229,500 toe) less than it imported Jan. through May of 2014, show figures centralised by the National Institute for Statistics (INS) on ...
Final consumption of electric energy in Romania, January 1 - May 31, 2015 was 19,947.1 billion KWh
Thursday, July 16, 2015
Final consumption of electric energy in Romania, January 1 - May 31, 2015 was 19,947.1 billion KWh, down 4.8 per cent from the corresponding period of 2014; public lighting advanced 27.6 per cent, while population consumption increased by 4.2 percent, according to data released by the National Statistics Institute (INS) on ...
Romanian strategic projects for gas supply declared priority at CESEC
Thursday, July 16, 2015
The officials responsible for the energy sector in Central and South-East Europe signed in Dubrovnik, Croatia a Memorandum of Cooperation and approved an Action Plan that includes several strategic projects for Romania. According to a release sent by the Energy Ministry on Friday, Romanian Energy Minister Andrei Gerea attended the second high-level ...