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Energy & Environment
Lukoil: All accusations are absolutely groundless. We will not leave from Romania
Thursday, July 16, 2015
Officials from Moscow of Lukoil oil group reject accusations by Romanian prosecutors on money laundering, tax evasion and Petrotel-Lukoil de-capitalization. Lukoil representative, Thomas Mueller, Vice President for Refining, Petrochemicals and Gas Processing, insisted ...
Electrica approved investment of almost 860 million lei this year
Thursday, July 16, 2015
Electricity supplier and distributor Electrica approved during the Extraordinary General Meeting of Shareholders the investment plan at group level for the financial year 2015 amounting to 859.68 million lei. Also, in the General Meeting of Shareholders was presented the strategic plan of the Board of Electrica for the period 2015-2018, “the priority objectives being to increase long-term value for shareholders and to improve the quality ...
EurActiv: EU energy regulator to get enforcement powers
Thursday, July 16, 2015
EU energy regulator ACER, until now largely toothless, will be given legal powers to enforce plans for a single energy market that breaks down national barriers under a proposal from the bloc's executive arm. At a conference on last Thursday in Slovenia, where the Agency for the Cooperation of Energy Regulators is based, European Commission Vice-President Maroš Šef?ovi? and Energy Commissioner Miguel Arias Cañete laid out their ...
EU-wide energy governance plans 'lack teeth'
Thursday, July 16, 2015
European Commission plans for an EU-wide energy governance system make no mention of punishment for any member state not reaching their climate and energy targets for 2030. Any governance system without the threat of legal action, such as Commission infringement proceedings, which can lead to fines, would lack teeth, green campaigners said. Governments will have to submit national plans and report twice-yearly on how they ...
MOU promotes stronger ties among Canadian and Romanian nuclear suppliers
Thursday, July 9, 2015
The Organization of Canadian Nuclear Industries (OCI) and the Romanian Atomic Forum Association (ROMATOM) are proud to announce the signing of a Memorandum of Understanding (MOU) for cooperation in the nuclear power field, a press release informs. The MOU was signed by Dr. Ron Oberth, President of OCI, and by Dr. Ioan Rotaru, President of ROMATOM, at the end of the first day of a Canada-Romania Nuclear Industry Workshop at the Bucharest Hilton ...
Transgaz to pay dividends of 21.8 lei per share on July 15
Thursday, July 9, 2015
The state-owned Transgaz Company will start paying dividends of 21.8 lei per share on July 15, for the 2014 financial year, according to a company release on ...
The first regional energy observatory in Romania was opened by the Alba Local Energy Agency
Thursday, July 9, 2015
The Alba Local Energy Agency (ALEA) has opened the first regional energy observatory in Romania under a European project called DATA4ACTION, funded under Intelligent Energy ...
Minimum crude and oil products stocks to be set up as emergency stocks exclusively must total 1,205,506 tonnes of oil
Thursday, July 9, 2015
The minimum crude and oil products stocks to be set up as emergency stocks exclusively must total 1,205,506 tonnes of oil equivalent this year and such level should be maintained next year too, shows a draft Government Resolution published on the Energy Ministry's ...
Reuters: Gazprom delays gas pipelines to link to Turkish line-source
Thursday, July 9, 2015
Gazprom has told pipeline makers to suspend deliveries of pipes for expanding Russia's network to be connected to the proposed Turkish Stream project, an industry source said on Monday. The delay is another snag in Moscow's plans to build a gas pipeline via the Black Sea to Turkey, and on to south Europe in order to bypass Ukraine. "We've got a note (from Gazprom) to suspend ...
Rompetrol Downstream has planned for 2015 investments of some 18 million dollars
Thursday, July 9, 2015
Rompetrol Downstream has planned for 2015 investments of some 18 million dollars in order to open 11 new petrol stations, while next year's investments are estimated at over 20 million dollars, and the number of new stations at around 20, Vlad Rusnac, the company's CEO, said on ...
Transgaz: Short-term wholesale gas market liquidity insufficient to promote competition according to EU rules
Thursday, July 9, 2015
The liquidity of the Romanian wholesale gas market on the short-term stands at an insufficient level for the promotion of competition according to the general principles set in the European Union Rules that call for setting a network code for balancing the gas transmission networks, shows a report published by Romanian gas transmission operator ...
A photovoltaic panel station of Electrocentrale Group SA , inaugureted in Braila
Thursday, July 9, 2015
Minister of Energy, SMEs and Business Environment Andrei Gerea on Friday inaugurated the photovoltaic panel station of Electrocentrale Group SA in Romania, with the total value of the investment amounting to 2.4 million ...
Increase by nearly 11 per cent in the regulated prices for the supply of natural gas to household users
Thursday, July 9, 2015
The Regulatory Board of the National Energy Regulatory Authority (ANRE) on Wednesday approved an increase by nearly 11 per cent in the regulated prices for the supply of natural gas to household ...
Competition Council wins against Romania Mol company
Thursday, July 9, 2015
The High Court of Cassation and Justice irrevocably confirmed that Romania Mol company violated the fair competition law by taking part in a cartel-type understanding alongside other companies operating in the fuel market, the Competition Council announced on ...
Electrical power stations out of renewable sources of over 100 million euro will put into operation in Romania
Thursday, July 2, 2015
Several power stations on renewable sources with installed power cumulated of over 60 MW and total investments of over 100 million euro will be put into operation during the next period in Romania. ‘In the period to come there will be connected to the RET ( the Electrical Transport Grid) of Transelectrica 40 MW in wind power stations ((CEE Babadag 3 – 30 MW ?i CEE Casimcea 1 – 10 MW), 18 MW in photovoltaic power stations (CEF Onesti), ...
Romgaz will start drilling in Slovakia in a few months
Thursday, July 2, 2015
The state-run company Romgaz Medias (SNG), one of the two big gas producers in Romania will start in Q3 of this year exploitation drilling in the three concessioned areas in Slovakia, works which should have been started in 2013. ‘From the contract point of view, the areas in Slovakia got into a new phase of exploitation, phase which includes drilling works, acquisition of magneto-telluric data. The work programme for 2015 includes the drilling ...
The bill for electricity for the end user will drop by 0.5 – 1% in Q2
Thursday, July 2, 2015
The bill for electricity paid by the end user will drop on average by 0.5-1% in Q2 of this year, due to the regulated tariffs of electricity approved by order 157/2014 and the impact of the tariff reduction of the contribution for co-generation of high efficiency, informs the National Authority for Regulation in the domain of energy (ANRE). ‘Keeping regulated tariffs approved through order 157/2014 will lead to the drop in the average price of ...
The government lends CE Hunedoara with 167 million lei, as state aid for salvation
Thursday, July 2, 2015
The government will lend CE Hunedoara with 167 million lei, as state aid for salvation, conditioned by guarantees and the obligation of the leadership to draw up a plan of voluntary liquidation if the loan is not given back or the unit does not present a restructuring plan. The loan will be given in two stages during a period of six months, to cover the necessary of liquidities, on the basis of an analysis made by Eximbank and the value of the ...
Nuclearelectrica and the National Uranium Corporation concluded a contract worth RON 3.611 million
Thursday, July 2, 2015
The Nuclearelectrica national nuclear power corporation has concluded a contract worth RON 3.611 million with the National Uranium Corporation (CNU) for the processing of non-conforming nuclear materials with natural uranium, Nuclearelectrica said Tuesday in a report submitted to the Bucharest Stock Exchange ...
Lukoil plans to drill two oil wells offshore Romania by yearend
Thursday, July 2, 2015
Russian oil company Lukoil will drill two wells offshore Romania in the Black Sea by the end of this year, according to company president Vagit Alekperov cited by Sputniknews.com. Works on the first well started ...