RSS
Energy & Environment
Romania will sell 26.6 percent of Rompetrol Refinery by bidding
Thursday, June 18, 2015
The Romanian state will sell 26.6 percent of Rompetrol Refinery by bidding, with the majority shareholder's preferential right to buy the whole stake; the minimum acquisition price should be 200 million US ...
Total electricity consumption in the first four months of 2015, down 3.9 percent
Thursday, June 18, 2015
The total electricity consumption in Romania stood at 16.287 billion KWh in the first four months of 2015, down 3.9 percent compared with the similar period of 2014, shows preliminary data released on Friday by the National Statistics Institute ...
Statistics: Natural gas imported in the first four months of 2015, down by 76.9%
Thursday, June 18, 2015
Romania imported, in the first four months of 2015, an amount of usable natural gas of 66,500 tonnes of oil equivalent (toe), down by 76.9% (221,700 toe) compared to the amount imported in the similar period of 2014, according to the data centralized by the National Statistics Institute ...
Rodin Traicu: At 4 million euros per MW installed in biogas there is no profitable investment in Romania
Thursday, June 18, 2015
Investments in biogas are not profitable in Romania at a 4 million euro cost per MW installed, Deputy Rodin Traicu, member of the committee on industries and services, said on Thursday. "In spite of the relatively acceptable support scheme for biomass and biogas, the sector doesn't stand the chance to develop. Here is where we stand now: at foUr million ...
Nagy (ANRE): Frequent legislative changes, among reasons for decline in interest in renewables
Thursday, June 18, 2015
The frequent legislative changes are among the reasons for the decline in the interest in the renewables area, in the context in which the law regulating the support scheme for the production of energy from renewable sources has been modified eight times since 2010 until present, member of the Regulation Committee within the National Energy Regulatory Authority (ANRE) Zoltan Nagy said on ...
The price of the natural gas will rise as of July 1st to 60 lei/MWh
Thursday, June 18, 2015
The purchase price of the natural gas with the domestic output for the households and the thermal energy producers will rise as of July 1st to 60 lei/MWh, from 53.3 lei/MWh currently, and might reach 90 lei/MWh in 2020, according to a Government Ordinance (HG) draft lpublished on Thursday on the Energy Ministry's ...
EC started an infringement procedure against Romania over the micro-hydro power plant
Thursday, June 18, 2015
The European Commission (EC) is initiating an infringement procedure against Romania over the micro-hydro power plant projects underway on the Dejani-Lupsa and Vistisoara rivers on the northern slope of the Fagaras Mountains, announced ...
Romania's natural gas output increased by 5.4 percent in 2014
Thursday, June 11, 2015
Romania's natural gas output increased by 5.4 percent last year to 11.4 billion cubic meters, a figure accounting for 0.3 percent of the global production, while consumption decreased by 6.7 percent to 11.7 billion cubic meters (0.3 percent of the world total), show British Petroleum statistics released on ...
Selischi, OMV Petrom: Romania did not import gas in the first four months
Thursday, June 11, 2015
Romania covered in the first four months the gas quantity from domestic production, so that it was not necessary to import from Russia, stated Gabriel Selischi, member of the Board responsible for Upstream with OMV Petrom. The local production of gas is ensured, mostly, by Romgaz and OMV Petrom. ‘During the last year, in Petrom and together with the colleagues from Romgaz we supported the cause of the oil and gas production stability in Romania. We notice now that this ...
BP: Romania was the 9th oil producer in Europe and Asia in 2014
Thursday, June 11, 2015
Romania was the 9th oil producer in Europe and Asia in 2014,with 85,000 barrels per day, down 2.1 percent from 2013 to 0.1 percent of the world output, according to statistics released on Wednesday by British ...
FIC: Romania needs to create a stable, predictable and transparent energy market
Thursday, June 11, 2015
The Foreign Investors Council (FIC) believes that, in order to attract new investments in the energy sector, Romania needs to create a stable, predictable and transparent market in terms of the implementation of public policies and of the regulation framework in this ...
Gerea: The bonus policy have failed to meet their initial objective of being a source for investment in efficiency
Thursday, June 11, 2015
The bonus policy will have to be rethought, given that the bonuses awarded so far, such as the co-generation bonuses, have failed to meet their initial objective of being a source for investment in efficiency, Minister of Energy, Small and Medium-Sized Enterprises and the Business Environment Andrei Gerea told an energy forum on Tuesday hosted by Parliament Palace in ...
The Bucharest Tribunal rejected the request of insolvency introduced by the Rompetrol Company
Thursday, June 11, 2015
The Bucharest Tribunal rejected on Monday the request of insolvency introduced by the Rompetrol Company on May 28; the company can appeal within seven days from the communication date, according to the courts' Web ...
KMG International: The procurement procedure of 26.69 percent of the Rompetrol Rafinare shares could extend on a 10-month period
Thursday, June 11, 2015
The procurement procedure of 26.69 percent of the Rompetrol Rafinare shares could extend on a 10-month period, said on Tuesday Azamat Zhangulov, Senior Vice-President with KMG International, who announced that he held information that the strategy has already been endorsed by the ...
French ambassador: France to host 21st UN conference on climate change
Thursday, June 11, 2015
France will organize and preside the 21st United Nations conference on climate change in December, French Ambassador to Romania Francois Saint-Paul announced on Thursday, opening a seminar on energy efficiency in Bucharest. The main goal of the conference was to reach a new, ambitious international agreement, applicable to all countries, to keep the global warming below two degrees Celsius ...
Transeastern Power Trust buys two solar parks in Romania for EUR 8.5 mln
Thursday, June 11, 2015
Canadian investment vehicle Transeastern Power Trust has agreed the acquisition of two solar parks in Romania, from RG Renovatio Group, for about USD 9.6 million (EUR 8.5 million), excluding debt. A part of the acquisition price will be paid by issuing trust units at the value of USD 1. However, the trust will obtain, through its subsidiaries, some of the financing necessary for the acquisition from UniCredit Leasing Corporation IFN. “The ...
WB Report: Developing Countries Face Tough Transition in 2015 with Higher Borrowing Costs and Lower Prices for Oil & Other Commodities
Thursday, June 11, 2015
*Impending rise in US interest rates could reduce capital flows, spur financial market volatility in developing countries Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs as they adapt to a new era of low prices for oil and other key commodities, resulting in a fourth consecutive year of disappointing economic growth this year, says the World Bank Group's latest ...
Slovakia Proposes to Russia Gas Pipeline Involving Bulgaria, Romania, Hungary
Thursday, June 4, 2015
Slovakian Prime Minister Robert Fico presented Tuesday in Moscow a gas pipeline project involving Bulgaria, Romania, and Hungary, novinite.com reads.. Fico presented to his Russian counterpart Dmitry Medvedev a new option for delivering Russian gas to Central and Eastern Europe, according to reports of the TASS news agency, The gas pipeline project, which is to be connected to the Turkish Stream gas ...
Commissionaire Corina Cretu reacts in connection to the ecological landfill in Suceava
Thursday, June 4, 2015
The European commissionaire for Regional Policy Corina Cretu expresses her concern with regards to the possibility of the distruction of the alpine landscape by the creation of waste landfill in the Suceava county. The message was sent through an open letter addressed to the Romanian minister of Environment, Waters and Forests, Gratiela Gavrilescu and the minister of European Funds Marius Nica. ‘The scenary of the ...
Romgaz, GDF Suez Energy sign underground natural gas storage contract
Thursday, June 4, 2015
Romania's National Natural Gas Corporation Romgaz has signed a contract worth RON 44.442 million, VAT included, with GDF Suez Energy Romania for natural gas underground storage services, according to the Romgaz current report submitted on Tuesday to the Bucharest Stock Exchange (BVB). The contract started on April 16, 2015 and runs through April 15, 2016. ...