RSS
Energy & Environment
Natural gas price drops 23 percent for certain consumer categories, starting on January 1
Thursday, January 10, 2013
The price of natural gas supplied to some end-customer categories dropped 23 percent on average starting on January 1, 2013, following many customers' entering the household consumer category, through the coming into force of Order 42/2012 of the President of the National Energy Regulatory Authority (ANRE) for the approval of the Regulations on the natural gas supply to end-consumers.According to an ...
Tarnita-Lapusesti Hydropower Station is necessary to balance national energy system
Thursday, January 10, 2013
Minister delegate for energy Constantin Nita said, on Tuesday, in Cluj-Napoca, that the project of construction of Tarnita-Lapusesti Hydropower Station is extremely important in order to 'to balance the national energy system'.'We presented this very important project in China, four years ago. This hydropower station is needed and we are looking for investors, because the amount is large - about 1.2 ...
Minister Rovana Plumb: Ecotax to be adopted following a public debate
Thursday, January 10, 2013
The new ecotax is not ready yet, and it will be adopted following a debate, said Minister of the Environment Rovana Plumb on Monday.'The new tax will be made public the moment it is ready. I want to make sure no decision will be made without a public debate,' said Rovana Plumb at the central headquarters of the Social Democratic Party.According to the minister, the ecotax is an ...
Shale gas issue to be positively and carefully solved, says PM Ponta
Thursday, January 10, 2013
he issue of exploiting shale gas must be 'carefully and positively' solved, even if it is not very popular, said PM Victor Ponta for a TV show on Friday night.'I know a lot of people will take attitude, but the issue of shale gas must be positively and carefully solved,' explained the PM.The prospecting to find bituminous shale, necessary to exploit shale gas, is a priority project of ...
OMV Petrom and Expert Petroleum sign partnership for production enhancement services
Thursday, January 10, 2013
OMV Petrom signed, at the end of last year, with Expert Petroleum, a 15-year contract that entails production enhancement services for 13 small mature oil and gas fields (currently producing around 2,400 boe/d), some of them exploited for more than 40 years, situated in the Western part of Romania, nearby Timisoara (west).Expert Petroleum is a Romanian company with international expertise in the oil ...
Investment of 1.5 bln euros in wind turbines in 2012
Thursday, January 10, 2013
2012 proved to be the best year for the wind power industry in Romania, with more than 1,000 megawatts made operational compared to the balance sheet of 2011, with this amount having doubled the installed capacity. The investment made in 2012 alone in this field exceed the threshold of 1.5 billion euros, the Ziarul Financiar daily informs. At end-2012, ...
Transgaz expects natural gas demand to total 22 mln MWh in Jan.
Thursday, January 10, 2013
The Romanian total natural gas demand for Jan. is put at 21.992 million megawatt hour (MWh), reveals a proposal made in the substantiating report drawn up by national gas supplier Transgaz that was sent the National Energy Regulatory Authority.Transgaz expects the demand in the regulated market to stand at over 9.629 million MWh, with 4.041 million MWh of ...
Gazprom to open over 50 petrol stations in Romania, in 2013
Thursday, January 3, 2013
Over 50 Gazprom petrol stations will be operational in Romania by the end of 2013, with the first station having been opened by the subsidiary of Gazprom Neft, NIS (Naftna Industrija Srbije) in Sibiu, on the E68 European Road Bucharest - Budapest - Vienna, according to a press release issued by the Russian company.The development of the petrol station chain in the Balkans is a strategic priority for Gazprom Neft, ...
Shale gas exploitation, a priority in the 2013 Governing Program
Thursday, January 3, 2013
Kicking off exploration for the identification of exploitable bituminous schist reserves required for the exploitation of shale gas is a priority of the authorities' energy projects for 2013, as spelled out in the 2013 - 2016 Governing Program.The priorities in the energy sector also envisage the expansion of petroleum and gas Black Sea exploration and exploitation activities, as well as resuming partnerships for ...
Romania, among top 10 most attractive countries for investment in wind energy
Thursday, January 3, 2013
Romania has made it for the first time among the top 10 most attractive countries in the world in terms of investment in wind energy in early 2012, and ranks the 13th in terms of the aggregate index for all forms of renewable energy, according to the Ernst & Young's quarterly report Renewable Energy Country Attractiveness Indices.The subsequent trend throughout the year, although slightly fluctuating, has ...
Varujan Vosganian: Cuprumin privatization to be achieved through partnerships, not by selling ressources
Thursday, January 3, 2013
Privatization of some state companies, including Cuprumin, will be achieved through partnerships, and not by selling ore reserves said, on Saturday, Economy Minister Varujan Vosganian after taking over the ministerial office.'We started with the concept of re-industrialization through private partners or privatization, as with Oltchim and Cuprumin. Where ore deposits are in question, that will be made via ...
Enel Green Power invests 340 mln euros in 3 new wind farms
Thursday, January 3, 2013
Enel Green Power (EGP) has connected to the power grid three new wind farms with a total installed capacity of 206 MW, located in Dobrogea (south-eastern Romania), after an investment of 340 million euros, the company informs in a release.Thus, EGP reaches about 500 MW installed in the operational wind farms in Romania. The novel wind farms (Elcomex EOL, Targusor and Gebelesis) will generate nearly 560 million KWh ...
Excise duty on Diesel to go up by 4.5pct from January 1, 2013
Thursday, January 3, 2013
The excise duty on Diesel will increase by 4.5 percent from January 1, 2013, to 391 euros / tonne, respectively 330. 395 euros/1,000 liters, compared to 374 euros / tonne, respectively 316.03 euros / 1,000 liters currently, according to a Government ordinance draft adopted in December.The legislative act is aimed at the attainment of a minimum level of excise duty on Diesel from January 1, 2013, ...
Electricity price to increase by 6pct starting with January 1, 2013
Thursday, January 3, 2013
The regulated tariff for electricity will increase by 6 percent from January 1, 2013 and, on July 1, another increase is scheduled, of 2 percent, according to the Energy Regulatory Authority (ANRE).As well, an increase of 8 percent will be added to the final bill, representing the green energy, that will mean plus 2 lei to the monthly bill.As concerns the price for natural gas, a first ...
Environmental liabilities for Rosia Montana mining project not established yet
Thursday, January 3, 2013
The Rosia Montana gold mining project is one of the important files on which the Government has to take a decision, but the procedure on the establishment of environmental liabilities was not completed yet, Environment Minister Rovana Plumb told a private TV channel on last Thursday. 'The Rosia Montana gold mining project is one of the important files on which the Government has to take a decision. ...
Coal to challenge oil's dominance by 2017, says IEA
Thursday, January 3, 2013
Coal is likely to rival oil as the world's biggest source of energy in the next five years, with potentially disastrous consequences for the climate, according to the world's leading authority on energy economics. One of the biggest ...
Azerbaijan to buy 50% stake in Nabucco
Thursday, January 3, 2013
Azerbaijan's Shah Deniz II gas group could agree to take a 50% stake in the Nabucco pipeline consortium by January, boosting Nabucco's prospects in a competition between projects that aim to pipe Azeri offshore gas into Europe. Nabucco ...
Victor Ponta: Negotiations with Chevron on gas exploration sound interesting
Thursday, December 20, 2012
Premier Victor Ponta declared that negotiations with Chevron, the second largest oil group in the USA, on the exploration and exploitation of gas will represent an area of interest for the future government. Gazprom will be the one to lose if Romania can get schist gas. “First we are talking about the gas Exxon and OMV discovered and ...
Hidroelectrica obtains 6 mln euros by issuing emission reduction units
Thursday, December 20, 2012
The energy produced by hydro-electric power producer Hidroelectrica in the new capacities, following the increase of power installed through retechnologization at the Iron Gates I and II power plants, generates additional revenues exceeding 6 million euros, the company informs in a release on Monday.The energy produced at the two power plants is converted by Hidroelectrica, under the Kyoto Protocol, into emission reduction units (ERU) ...
Rompetrol largest exporter of oil products in 2012
Thursday, December 20, 2012
The Rompetrol Group has been designated by the National Association of Romanian Exporters and Importers (ANEIR) Romania's largest exporter of oil products in 2012, with a total volume of sales on foreign markets in excess of USD 1.7 billion, according to a company's release.'This year has been very important for us, we have managed, under the current economic conditions, to complete successfully the upgrading of Petromidia Refinery and ...