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Energy & Environment
Nita: Iasi- pipelineUngheni work to begin in May
Thursday, March 7, 2013
Construction works of Iasi-Ungheni pipeline will begin in May and are to be completed by the end of the year, according to estimates of the Minister Delegate for Energy, Constantin Nita.'Development of gas interconnections and electricity networks is a key element in achieving regional energy security. Both sides have reaffirmed their support for the development of Nabucco project, as an important part of the ...
Nabucco and TANAP sign MoU for greater technical and strategic co-operation
Thursday, March 7, 2013
NABUCCO Gas Pipeline International GmbH announced the signing of a Memorandum of Understanding and Co-operation (MoU) with the Trans Anatolian Pipeline (TANAP)*, in which the two parties formally agree to co-operate on the development of the Southern Gas Corridor.The MoU states that NABUCCO and TANAP will exchange technical and other strategic information and ...
Law on ratification of Nabucco Project Support Agreement promulgated by President Traian Basescu
Thursday, March 7, 2013
Nabucco Project Support Agreement between Romania, Nabucco Gas Pipeline International GMBH and Nabucco Gas Piepline Romania.According to a release of the Presidential Administration, Traian Basescu signed on Thursday the decree 'of promulgation of the Law on ratification of the Project Support Agreement between Romania, Nabucco Gas Pipeline International GMBH and ...
Romanian authorities to further sustain development of renewable energy sector
Thursday, March 7, 2013
The Romanian authorities will further sustain the development of renewable energy sector, despite its impact, in increasing the price for industrial consumers and households, and investors could also consider innovative, small scale projects, to contribute, for instance, to the cost cutting for central heating, Vice President of the National Authority for Energy Regulation (ANRE) ...
Electricity prices for household consumers - 1-2pct higher, natural gas prices, 10pct higher, at year-end
Thursday, March 7, 2013
National Energy Regulatory Authority (ANRE) President Nicolae Havrilet estimates for the end of this year a 1-2 percent higher price for electricity for household consumers and a 10 percent increase in the natural gas prices.'In the industrial consumption, where we have this deregulation going, as it will complete on January 1, 2014, due to the energy surplus, the ...
Report: €250 billion in annual energy savings possible by 2030
Thursday, March 7, 2013
The EU could make net savings of €250 billion per year by 2030 if it reduces energy use 35% below 2005 levels, says a new report commissioned by environmental pressure ...
A business delegation of the consortium Ontario SNC-Lavalin Nuclear, Ansaldo Nuclear Elcomex Italy and Romania at Economy Ministry
Thursday, March 7, 2013
Economy Minister Vosganian met on Friday, March 1, 2013, with a business delegation comprising representatives of the consortium Ontario SNC-Lavalin Nuclear, Ansaldo Nuclear Elcomex Italy and Romania. Representatives of the three companies have shown interest in the discussions, identify a funding model for project construction units 3 and 4 ...
Romania might begin exploring shale gas for it to know what things are like
Thursday, March 7, 2013
In Romania one might carry out an activity exploring shale gas for the very reason of knowing what things are like so that later one should also be able to start exploiting with the help of new technologies, Minister of Economy Varujan Vosganian told a press conference on Thursday. 'Any action is economically efficient if it has the environment approvals. In the case of shale gas we ...
Romania must increase royalties' level in all areas
Thursday, March 7, 2013
Romania must increase the level of royalties, as it can no longer keep the same level since the beginning of the ‘90s or since 2000, Minister Delegate for Energy Constantin Nita told a specialist conference.'We must see what goes on in Europe. We are not doing anything else. The way it happens in Germany, for instance, must also happen in Romania, without any discrimination. It is ...
Nita: I'd have liked Romgaz to be a more aggressive player in Black Sea resources explotation
Thursday, March 7, 2013
Minister delegate for Energy Constnatin Nita said he would have liked Romgaz should have been a more aggressive player in the Black Sea methane exploitation.'It is very good that big foreign oil companies come and drill for methane in the Black Sea. I'd have liked Romgaz, for instance, should have been a more aggressive player,' Minister delegate for Energy Constantin Nita told a news ...
Romania cannot promote shale gas exploration without public's acceptance, proper information campaign
Thursday, March 7, 2013
Romania cannot promote shale gas exploration without having the public's acceptance and without properly informing the public of the advantages and implications resulting from the exploitation of such a resource, as well as about the last generation technology that is used in the process, Iulian Iancu, chairman of the Deputies' Chamber's Commission for Industries and Services, told Agerpres on ...
Constantin Nita: It is high time to set up energy companies to play key role in the area
Thursday, March 7, 2013
Romanian authorities must set up energy companies to play a key role in the area, Minister delegate for Energy Constantin Nita told a news conference, on Thursday. 'It is high time we should set up strong Romanian companies that can play a role not only in Romania, but also in the area of influence of our neighbors. In an area where we could become a key energy player. Staring on Jan 1, ...
Minister Nita: Transgaz to be listed on April 15, Nuclearelectrica somewhere around May 10-15
Thursday, March 7, 2013
Transgaz national natural gas transmission corporation will be listed on April 15, with Nuclearelectrica to be listed on the stock exchange somewhere around May 10-15, Minister-delegate for Energy Constantin Nita told a specialist conference on Thursday.'15 percent stake in Transgaz will be listed on April 15, while 10 percent stake in Nuclearelectrica will be sold somewhere around May ...
Natural gas consumption totals 144.575 million MWh in 2012
Thursday, March 7, 2013
Natural gas consumption in Romania totaled 144.575 million MWh in 2012, down 4.14 percent compared to the same period of the previous year, which stood at 150.808 million MWh, according to centralized data of the National Regulatory Authority for Energy (ANRE).Internal production of natural gas in December 2011, going to consumption, accounted for 74.91 percent of the total sources, the ...
Exploitation of shale gas in Barlad will start in the second half of 2013
Thursday, February 28, 2013
Chevron intends to start the drilling of an exploitation well on the shale gas area in Barlad in the second half of this year, and it will start seismic studies for the three areas in Constanta county. ‘The drilling of an exploitation well is planned for the second half of 2013’ the report published recently by the American ...
PM Ponta: Romania has a special interest in energy efficiency
Thursday, February 28, 2013
Romania's Prime Minister Victor Ponta on Tuesday in Copenhagen voiced Romania's interest in energy efficiency, saying that Romania is currently ranked last in these terms, while Denmark is the leader.At a joint conference with the Danish Prime Minister, Ponta replied in the affirmative to a question about whether Danish investors are interested in Romania, ...
Electricity price, to drop for all consumers; Romania has production surplus
Thursday, February 28, 2013
The price of electricity will drop for all consumers, as Romania has a production surplus that needs to be sold, Remus Borza, representative of Hidroelectrica's legal administrator, EuroInsol, told a specialist press conference on Wednesday.'It is for the first time this year when the offer is higher than the demand. The electricity price will decrease for everyone, because we have a production surplus and we must learn to sell. We are used with the smart guys and ...
ANRE: energy amount in 2013 for regulated market - 15.3mln MWh
Thursday, February 28, 2013
The National Energy Regulatory Authority (ANRE) has established for 2013, on the regulated market, an electricity amount for end users who have not used the eligibility right of approximately 15.338 million MWh for a median delivery price of RON 155/MWh, according to the data posted on the ANRE website.The largest participation share in the acquisition basket will belong to Nuclearelectrica - 34.6 percent (5.308 million MWh, at a median price of RON 142 /MWh), and ...
Iulian Iancu: It is crucial for Romania to maintain its current energy legislation
Thursday, February 28, 2013
Maintaining existing energy legislation is crucial for Romania, said on Wednesday, in a press conference, Iulian Iancu, president of the Committee on Industry of the Chamber of Deputies.'It is crucial for Romania to maintain its Law on energy, to maintain the Law on renewable energy, approved last year and discussed with the European Commission, and the changes wished to be done can be promoted through secondary legislation, but this taking into account the national ...
Mariana Gheorghe(Petrom): Romania needs annual investments in energy of 3-4 billion euros, over next 20 years
Thursday, February 28, 2013
Romania needs investments of 3-4 billion euros per year, over the next 20 years, in the energy sector, said on Wednesday, in a press conference, Mariana Gheorghe, CEO of Petrom .'The investments that the sector needs are particularly high and here I mean all segments, talking of crude oil and gas, hydrocarbons, renewable energy, hydro, nuclear energy and energy efficiency, therefore in all these segments we see the need for investments, of 3 -4 billion euros per ...