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Energy & Environment
Romania ranks 16th among countries that have taken measures against climate change
Thursday, November 21, 2013
Romania ranks in the first half of the countries that have taken measures against climate change, shows the 2014 Climate Change Index Performance /CCIP/, an instrument created to increase transparency in terms of international climate policies.Thus, Romania ranks 16 of 58 states in this Index, up two places from last year.Of the 15 indicators evaluated, the best score was received in the 'Trends in Efficiency' chapter, which ...
Romania has high shale gas potentials in Eastern Carpathians, Barlad Depression and Romanian Plain
Thursday, November 21, 2013
Romania has high shale gas potentials in the Moldavian Plateau of the Eastern Carpathians, the Barlad Depression and the Romanian Plain, as well as in Southern Dobrogea, read the findings of a recent study called 'Natural gas resources from unconventional deposits; potentials and capitalisation,' conducted by Romania's National Committee of the World Energy Council (CNR-CME).In all these areas, there are gas-yielding argillaceous rock ...
Shale gas drilling to contribute 2pct to GDP, cut gas prices by 15-25pct (Romanian Academy expert)
Thursday, November 21, 2013
The shale gas drilling will contribute 2 percent to the Romanian gross domestic product (GDP) and will cut the natural gas price in the market by some 15 percent to 25 percent, the Romanian Academy's energy expert Ionut Purica told a Friday conference on shale gas.Purica is one of the authors of the survey entitled Natural Gas Resources from Unconventional Deposits - Potential and Capitalization, worked out by 43 experts of the Romanian ...
PM Leanca: Moldova, on the right track in terms of joint energy projects with Romania
Thursday, November 21, 2013
Moldova's Prime Minister Iurie Leanca on Friday hailed in Brussels the conduct of joint energy projects with Romania. He mentioned that works on the gas pipeline from Iasi, Romania, to Ungheni, Moldova, will be completed in the first quarter of 2014 and interconnection projects for power lines could soon be started, along with the building of new bridges over the Prut.In a joint press conference with Romania's Prime Minister Victor ...
Barroso: EC committed to support gas and electricity projects between Romania and R. Moldova
Thursday, November 21, 2013
European Commission President Jose Manuel Barroso in Brussels on Friday said that, together with Romanian Prime Minister Victor Ponta and Republic of Moldova Prime Minister Iurie Leanca, he identified two short-term priorities: the Iasi-Ungheni gas pipeline project and the Vulcanesti-Isaccea electricity project.The Iasi-Ungheni gas pipeline is already on the way and represents the first direct connection of the Republic of Moldova to ...
Funding contract for Iasi-Ungheni gas pipeline, signed
Thursday, November 21, 2013
The funding contract for Iasi-Ungheni gas pipeline was signed on last Thursday, at the Regional Development and Administration Ministry (MDRAP) headquarters, the document's signatories being Vice Premier and Regional Development and Administration Minister Liviu Dragnea and Republic of Moldova Vice Premier and Economy Minister Valeriu Lazar.The funding contract for implementing the project 'Interconnection pipeline between the national ...
Mining royalties enhance 25 percent, noble metal royalties go up 50 percent
Thursday, November 21, 2013
The royalty quotas, both the ones in a percentage quota from the mining output value and those established as an euro equivalent per mining output unit, will enhance 25 percent starting January 1, 2014, except for those for noble metals, in which case the increase will account for 50 percent from the percentage quota in force, according to an ordinance draft for the amendment of the fiscal code, released on the Public Finance Ministry ...
MOL Romania continues network expansion and reaches 143 filling stations, following EUR1.1 million investment in new unit in Drobeta
Thursday, November 21, 2013
Ø MOL opens 143rd filling station in Romania, second in Mehedinti County Ø The company invested approx. 1.1 million Euros in the new station Ø Station sells quality fuels: Tempo 95 and EVO gasoline, Tempo Diesel and EVO Diesel, as well as ...
Natural gas end-price could go up 1 pct for homes, 2 pct for industries starting Jan. 1
Thursday, November 21, 2013
The natural gas end-price could go up by 1 percent for the home consumers and 2 percent for the industries starting Jan. 1, 2014, the chairman of the National Energy Regulatory Authority Niculae Havrilet told a conference on the gas market on Thursday.The deregulation timeframe agreed by Bucharest with the International Monetary Fund in 2012 calls for 2 percent tariff hike for the household consumers and 4 percent for the industrial ...
Romgaz posts net of 410.6 mln lei, down 55%, after 9 months
Thursday, November 21, 2013
National Natural Gas Company Romgaz SA Medias posted a net profit of 410.66 million lei (some 77.5 million euros) in the first nine months of this year, down by 55.24% from the same period in 2012, according to the financial data released by the company.According to the cited source, the turnover of the company recorded from January to September 2013 was 2.58 billion lei, down by 10% compared to the same period of last year, when it ...
Transelectrica posts net profit growing over 13 times, in first 9 months
Thursday, November 21, 2013
The national energy transport and system operator Transelectrica posted in the first nine months of 2013 a net profit of 132 million lei, on the rise by 1,154% from the same period of last year, according to the financial results unveiled on Thursday, in a press conference, by Stefan Bucataru, the company's CEO.According to the company's official, compared to January - September 2012, when Transelectrica's net profit stood at 10 million ...
Romgaz applying 'no fracking' natural gas technology for years now (manager)
Thursday, November 14, 2013
Romgaz has been exploiting unconventional natural gas deposits without the use of hydraulic fracturing for years now, company deputy general manager Dumitru Rotar declared on Tuesday.Asked if Romgaz plans to extract shale gas, Rotar said: 'Shale gas is a type of unconventional gas deposit. We have been exploiting gas deposits trapped in low-permeability rocks for years now, without using hydraulic fracturing.'He explained ...
Gazprom has future plans in Romania, Balkans
Thursday, November 14, 2013
Russian giant Gazprom has great plans for the future in Romania and in the Balkan region, both as regards the crude production and the marketing of fuels at its own-brand petrol stations, said Vadim Smirnov, the Managing Director for Romania of NIS Petrol, the Serbian division of Gazprom Neft, in an interview with Agerpres.He said NIS plans to become a very serious player in the Balkans and it is to this end that it enters several local ...
Americans with Hunt Oil ready to drill oil from Urziceni Perimeter, with Petrom as partner
Thursday, November 14, 2013
The Americans with Hunt Oil have started a public acquisition procedure of oil drilling services within the Urziceni East Perimeter, where they are partners with Petrom, with the estimated cost of the contract standing at 17 to 19 million lei, VAT excluded, according to a Hunt Oil announcement posted on the website of public acquisitions.'The specific services required are: mobilization, drilling, completion (or abandoning) and carrying ...
Nine-month downward trend for Romania's primary energy and electricity resources
Thursday, November 14, 2013
Romania's primary energy resources decreased by 11.6 percent in the first nine months of 2013 compared to the same period of the previous year, shows provisional data released by the National Statistics Institute (INS). Thus, between Jan. 1 - Sept. 30, the main primary energy resources totalled 22.675 million tonnes of oil equivalent (toe), down by 2.989 million toe y-o-y.According to the cited source, domestic production ...
Cernavoda nuke plant units' Jan - Oct aggregate power output at 9.6 mln MWh
Thursday, November 14, 2013
The two units of the Cernavoda Nuclear Power Plant (country south-east) produced in the first ten months of 2013 about 9.6 million MWh of electricity, out of which 8.835 million MWh were delivered to the National Energy System, show figures released by company Nuclearelectrica on its website.Thus, Unit 1 produced 5.085 million MWh in the first ten months of the year and fed 4.67 million MWh into the power grid, recording an average ...
Energy Minister: Scheme to support large gas consumers in the works, EC opinion sought next
Thursday, November 14, 2013
The Energy Department is working on a scheme to support large gas consumers, which will require the opinion of the European Commission, Minister for Energy Constantin Nita on Thursday told a specialist conference.'We are trying to find a scheme to support large consumers of natural gas. We are currently working on this scheme together with the Competition Council, and we will then refer it to the European Commission,' said ...
If we fail to restrain renewable energy projects capacity, we'll be sitting in dark (minister)
Thursday, November 14, 2013
Restraining the entry of the renewable-source energy projects to the system is necessary so as not to create imbalances in the energy system, Minister-delegate for Energy Constantin Nita told a specialist conference on Wednesday.He spoke of a draft Government Resolution putting a 3,315 megawatt limit to the capacity of the projects for renewable energy to receive green certificates in 2013, as the existing contracts already exceed such ...
Petrom Group posts three-quarter profit of RON 3.67 bln, up 27 pct y-o-y
Thursday, November 14, 2013
Petrom Group ended the first three quarters of this year with a net profit of RON 3.666 billion (831.6 million euros), up 27 percent y-o-y, shows data released by the company this Thursday.Earnings before interest and taxes (EBIT) amounted to RON 4.556 billion, 14 pct higher than the figure reported at the end of September 2012 .Group sales in the period of reference (excise duties on oil products excluded) totaled RON ...
Agency: Early next year we'll know how many oil sites to be offered for concession
Thursday, November 14, 2013
The National Agency for Mineral Resources will grant concessions to new oil sites next year, but it is only early in the year that it will precisely know their number and location, Agency advisor Irina Zamfir said on Wednesday.When asked when is the Agency to put to auction the next 36 sites, as the institution has recently announced, Zamfir answered: 'At this moment we are drawing up the paperwork for the 11th round of concessions. The ...