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Energy & Environment
Several energy infrastructure projects are being carried out in Romania
Thursday, July 2, 2015
Romania is involved in building several natural gas pipe lines with neighbouring countries. That comes in addition to the Nabucco gas pipeline, which was supposed to link Turkey, Bulgaria, Romania, Hungary and Austria and which was abandoned in the summer of 2012 due to the failure of securing gas suppliers. In terms of projects, it should be noted that in 2010, the foundation was laid for the Azerbaijan- Georgia- Romania- Hungary interconnector. It ...
SOCAR to double its investment in Romania
Thursday, July 2, 2015
Azerbaijan's state-run oil corporation SOCAR wants to double its investment in Romania over the next two years and increase the number of its fuel stations by at least 10, SOCAR Deputy Vice-President Vitaliy Baylarbayov told Bucharest Forum Energy 2015 on ...
Romania's nuclear energy consumption amounted in 2014 to 2.6 million toe
Thursday, July 2, 2015
Romania's nuclear energy consumption amounted last year to 2.6 million toe, representing 0.5pct of the world's consumption, according to the statistics released by oil company British Petroleum. Nuclear energy ...
EnMin requested the EC to extend the deadline for closing the mines from 2018 to 2030
Thursday, July 2, 2015
The most important thing the Romanian authorities requested the European Commission representatives was to obtain support to extend the deadline for closing the mines from 2018 to 2030, Energy Minister Andrei Gerea said after talks with the visiting Commission delegation at the Public Finances Ministry headquarters on ...
Energy minister: AGRI project feasibility study highlights two viable capacity alternatives
Thursday, June 25, 2015
The feasibility study for AGRI project, by which Azeri natural gas will come to Romania in liquefied state, shows two viable working alternatives, for two different capacities, namely 5 and 8 billion cubic meters of natural gas respectively, Romanian Energy Minister Andrei Gerea said on Wednesday. "Today we signed a common declaration for the continuation of ...
Rompetrol Rafinare has invested over 11 million USD in technology and environment projects
Thursday, June 25, 2015
Rompetrol Rafinare, member of KMG International, has invested over 11 million dollars to start the first Particle Separation Installation in Romania, which will ensure a level of powder content emitted into the atmosphere by up to four times lower compared to the limit stipulated by European environmental legislation, the company announced ...
EnMin Gerea: half of Romania's electricity production capacity is economically ineffective or is at efficiency limit
Thursday, June 25, 2015
Almost half of Romania's electricity production capacity is economically ineffective or is at efficiency limit, Minister of Energy Andrei Dominic Gerea told a Tuesday's debate on renewable ...
Romania's consumption of hydroelectric power increased by 26 per cent
Thursday, June 25, 2015
Romania's consumption of hydroelectric power increased by 26 per cent up to 4.2 million toe and represented 0.4 per cent of the total world's consumption last year, according to data centralized by British ...
Romania, sued at ECJ on the security of the natural gas supply
Thursday, June 25, 2015
Romania completed its national emergency plan on the natural gas supply on June 17, sent it to the European Commission and notified the relevant authorities in Hungary and Bulgaria, in accordance with the EU Regulation no. 994/2010, the Ministry of Energy, SMEs and Business Environment (MEIMMMA) announced on ...
Net coal production in the first four months of 2015, up 10.7 per cent
Thursday, June 25, 2015
Romania's net coal production in the first four months of 2015 totalled 1.518 million tonnes of oil equivalent (toe), up 10.7 per cent (146,800 toe) from the similar period of 2014, according to centralised data with the National Statistics Institute ...
Repower gives up CHF 200 million investments in Romania
Thursday, June 25, 2015
Private power supplier Repower Furnizare Romania, the local subsidiary of Swiss-held Repower group, gave up investment exceeding CHF 200 millionin Romania, in renewable energy production units, due to the amendments to the renewable energy legislation. “Romania is the fourth key market, after Switzerland, Italy and Germany. Unfortunately, the budget for 2020, as defined by the Board of Directors, is used to build market capacities in Romania. I ...
The market for green certificates is in collapse
Thursday, June 25, 2015
The market for green certificates is in collapse because of the reduction of the mandatory annual quota of electricity produced from renewable energy sources from 15 percent to 11.1pct in 2014, and to 11.9pct in 2015, from 16pct as set in Law no. 220, the representatives of the Employers' Organisation of Renewable Energy Producers in Romania (PATRES) say in a ...
EcoMinistry hands out 10 extemptions from green certificates
Thursday, June 25, 2015
Ten energy-intensive companies were exempted from the payment of a part of their mandatory quota of green certificates for the legal mandatory quota, the Ministry of Economy, Commerce and Tourism (MECT) informed on ...
Crude oil imports amounted to 2.169 million tonnes of oil equivalent (toe) in the first four months of 2015
Thursday, June 25, 2015
Romania's crude oil imports amounted to 2.169 million tonnes of oil equivalent (toe) in the first four months of 2015, 49,700 toe (2.3pct) more year-on-year, according to the data centralized by the National Statistics Institute ...
EC: the contracts through which Hidroelectrica provided energy to 12 companies are not state aids
Thursday, June 18, 2015
The contracts for the delivery of energy signed by Hidroelectrica, producer owned by the state, with traders from the domain of energy and clients in the industrial sector did not read as state aid, decided the European Commission, after a thorough inquiry. ‘After comparing the prices included in the respective contracts with the prices of other contracts signed at bilateral level, comparable on the electricity market, the European Commission ...
Nuclearelectrica- Accord to be reached with China Nuclear for units 3 and 4
Thursday, June 18, 2015
Nuclearelectrica estimates that by the end of the year it will reach an accord about the construction of units 3 and 4 of Cernavoda plant with the Chinese group General Nuclear Power Corp, the winner of the tender organized by the Romanian state in 2014. The Chinese company was the only participant in the tender. The project is for the moment evaluated at 6.45 billion euros, but the feasibility study will be reconsidered. At ...
Turkish Stream Progress: Gazprom Supplies Onshore Coordinates to Ankara
Thursday, June 18, 2015
*Ankara has received the coordinates of the onshore section of the Turkish Stream gas pipeline project from Russia, Turkish Energy Minister Taner Yildiz told Sputnik Turkey on Monday. Turkey has received the coordinates of the onshore section of the Turkish Stream gas pipeline project, Turkish Energy Minister Taner Yildiz told Sputnik Turkey on Monday. The Turkish Stream, a proposed 1,090-kilometer ...
Transgaz to issue 5-year bonds worth 500 million lei at 4.5pct interest rate
Thursday, June 18, 2015
The National Gas Transmission Company, Transgaz, will launch a bond issue on minimum 5 years, worth maximum 500 million lei, at maximum 4.5pct fixed interest rate, according to a report submitted on Tuesday to the Bucharest Stock Exchange (BVB). The launching of the procedure on the issuance of corporate, unsecured, non-convertible into shares bonds, has been approved on Tuesday by the Transgaz Extraordinary General ...
Romania's electricity exports advanced 27 percentint the first five months of 2015
Thursday, June 18, 2015
Romania's electricity exports advanced 27 percent year-on-year over the first five months of 2015, after the national market was coupled with the Czech, Slovak and Hungarian markets, the National Energy Regulatory Authority (ANRE) informed in a media release on Tuesday. From January to May, Romania exported 4.5 TWh of electricity, up from 3.5 TWh in the similar ...
Sterling Resources Ltd. has transferred to Petroceltic Romania BV its 40 percent stake in the EX-27 Muridava perimeter in Black Sea
Thursday, June 18, 2015
Sterling Resources Ltd. has transferred to Petroceltic Romania BV its 40 percent stake in the EX-27 Muridava perimeter in the Romanian Black Sea continental shelf, which belongs to its subsidiary Midia Resources ...