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Energy & Environment
Romania gas consumption totals 53.416 mln MWh in Q1
Thursday, June 7, 2012
Romania's natural gas consumption totalled 53.416 million megawatt per hour (MWh) in the first three months of 2012, by 1.91 percent lower than in Jan.-March of last year, when it amounted to 54.453 million MWh, reveal figures centralised by the National Energy Regulatory Authority. The domestic natural gas production delivered for consumption in March accounted for 66.67 percent of overall resources, with the top-two producers - Romgaz and Petrom ...
EcoMin Chitoiu introduces memorandum on gas prices to Gov't
Thursday, June 7, 2012
Economy Minister Daniel Chitoiu on Wednesday introduced to the Government at its weekly meeting a memorandum in principle on the liberalisation of natural gas prices, according to Prime Minister Victor Ponta.'There was a memorandum in principle introduced by the economy minister. In the period immediately ahead, jointly with the Finance Ministry, Romania will have to fulfill what it pledged to the International Monetary Fund and the European Commission, yet taking into account ...
Remus Vulpescu (OPSPI): First energy company to have private management at end-June
Thursday, June 7, 2012
First energy company, which might be Hidroelectrica, will have functional private management at end-June 2012, Remus Vulpescu, head of the Office of Government Industrial Holdings and Privatisation (OPSPI), told a press conference on Wednesday. 'An energy company will have functional private management at the end of June. Hidroelectrica is one of these companies. The Energy Complex Oltenia is also on the list. There are ten companies that have been submitted to selection ...
IEA’s golden rule: Shale gas companies need license to drill
Thursday, June 7, 2012
The International Energy Agency (IEA) has unveiled a ‘golden’ rulebook for the extraction of unconventional gases such as shale, which it says is needed to give them a 'social license to operate'. The checklist includes more regulation, transparency, investment, environmental protection, and a switch to best practices. “If this new industry is to ...
Renewables: Commission confirms market integration and the need for growth beyond 2020
Thursday, June 7, 2012
The European Union is committed to achieving a 20% share of renewable energy by 2020. This goal can be reached only in a cost-efficient manner if all policies currently in place are implemented across all Member States and if support schemes converge. In the Communication adopted today, the Commission is therefore calling for a more coordinated European approach in the establishment and reform of support schemes and an increased use of renewable energy trading among Member States. Moreover, ...
Victor Ponta: RAAN will continue putting out heavy water
Thursday, June 7, 2012
Prime Minister Victor Ponta promised in Drobeta Turnu Severin (south west) that heavy water production is not ceased at the Romag Prod branch on the Halinga industrial platform, belonging to the Romanian Nuclear Activities Authority (RAAN).PM Ponta also specified that the heavy water production continues being subsidized, because both the Cernavoda Reactors and likely export demands ask for it.'I have recently visited the Institute for Nuclear Researches ...
Sterling Resources enters into contract to drill two wells in the Black Sea offshore
Thursday, June 7, 2012
Sterling Resources has signed a contract with Petroleum Services Group SA (GSP) for offshore exploration drilling, a project called 'Ioana', in XV Midia perimeter, and 'Eugenia', in XIII Pelican perimeter, according to a release of the company.Midia Resources SRL, Sterling branch in Romania and its partners Petro Ventures Europe BV and Gas Plus International BV, have contracted the cantilever-type jack-up drilling rig 'GSP Jupiter' for the drilling of two ...
Bloomberg :Rios Renovables Starts $656 Million Romania Plan With Wind Plant
Thursday, June 7, 2012
Rios Renovables SL , a Spanish renewable-energy developer, will erect three Vestas Wind Systems A/S (VWS) turbines on Romania’s Black Sea coast, kicking off a 532 million-euro ($656 million) investment plan in the country. Rios Renovables will begin work on the 12 million-euro, 9- megawatt wind project at Tulcea near the mouth of the River Danube at the end of this month, the company said in a statement. It will then start ...
BP punches Nabucco below the belt
Thursday, June 7, 2012
UK oil major BP said it was no longer considering shipping gas from its Shah Deniz field in Azerbaijan through the Nabucco pipeline, dealing a blow to the troubled European project. But the European Commission said the “full-scale version” of Nabucco was still the main option under consideration. Iain Conn, BP's head of fuel refining and marketing, said in a speech last week that BP and Azeri state oil group Socar ...
Kommersant: Sofia dissatisfied with South Stream’s economic parameters
Thursday, June 7, 2012
New obstacles may emerge before the realisation of the South Stream gas pipeline. Bulgaria threatens to give up on the project. Sofia is dissatisfied with the transportation fees set by Russia and the rate of project’s profitability, despite that Gazprom promised 11% concession of the gas price for Bulgaria. If the countries do not reach an agreement, Bulgaria may be replaced by Romania, although this move will boost ...
The AGRI project on the agenda of discussions between the minister of economy and the ambassador of the Republic of Azerbaijan to Romania
Thursday, May 31, 2012
The project of transport for natural gas from Azerbaijan to Europe – AGRI was one of the topics of discussion between the minister of economy, commerce and business environment Daniel Chitoiu, and the ambassador of the Republic of Azerbaijan to Romania Eldar Hasanov, at the meeting the two officials had recently. In this context, the Azerbaijani ...
Romania - Moldova gas interconnection project gets Gov't approval
Thursday, May 31, 2012
The Government approved on Wednesday a draft resolution on the interconnection of Romania's and the Republic of Moldova's gas transmission systems, announced Prime Minister Victor Ponta.'This is a project that had earned in-principle approval some time ago, it had been recurrently coming up in political talks, but there was no move towards implementation. Today we adopted the draft resolution approving the technical and economic indicators of the ...
Lificiu (ANRE): Increase by 5pct in electricity price not established yet, still being considered
Thursday, May 31, 2012
The Romanian Energy Regulatory Authority (ANRE) analyzes the costs and revenues, following an increase by 5 percent in the price of electricity as of the end of June 2012, and this measure is not adopted yet by the regulatory authority, said on Wednesday Vice President of ANRE Petru Lificiu, present in the Energy Forum. 'The 5 percent is not established yet, it is in ongoing analysis. There were many discussions between ...
CEZ: the wind energy park of 600 MW from Fantanele-Cogealac will be finalized by the end of the year
Thursday, May 31, 2012
Among the big projects advanced in Romania there is that of the CEZ group which invests 1.1 billion euro in the development of a big wind energy park on land in Europe, with total installed power of 600 MW. The CEZ wind park from Fantanele si Cogealac will be in full operation by the end of the year, the general manager of CEZ Grade Ion Lungu stated at the Mediafax conference on Talks About Energy. According to him,there are already operating 387.5 ...
Chinese Sinovel Wind Group and a consortium of Romanian companies to build wind power capacity in Dobrogea
Thursday, May 31, 2012
Chinese Sinovel Wind Group Ltd., the second largest producer of wind turbines, and the consortium of Romanian companies C-Tech Ltd and Rokura Ltd will cooperate for the development of a wind energy capacity in the region of Dobrogea (south-east ), reads a release of the Romanian Ministry of Economy, Trade and Business Environment (MECMA), remitted on Wednesday, to AGERPRES.Total installed capacity is to reach 1,200 MW in 2012 - 2016, and equipment and ...
Works started at the first photo-voltaic park in Ialomita county
Thursday, May 31, 2012
The starting point for the first investment in Ialomita county in a solar energy park for the production of renewable energy which will have 32,000 solar panels, was given by the Gigawatt Global Romania in Giurgeni. In the Giurgeni area, the Ialomita county council drew up a Urban Area Plan (PUZ) for the development of two investments in photo-voltaic parks on a surface of 30 ha. The first ...
Romanian Senate approves draft law on power liberalization
Thursday, May 31, 2012
The Senate plenum approved during the Tuesday session the draft law on electrical power and the organisation and operation of National Energy Regulatory Agency (ANRE), which includes the liberalization of the electrical power market, among others.Seventy-nine senators voted in favour of the draft law, whereas four voted against and one abstained.The draft law requires the implementation in the Romanian legislation of some directives of the ...
Report: Europe could kick the F-gas habit by 2020
Thursday, May 31, 2012
Most fluorinated greenhouse gases (also known as F-Gases), used in today’s mobile air conditioning and refrigeration units, could realistically be banned across the EU by 2020, a new report says. The Karlsruhe University of Applied Sciences study ‘Availability of Low-GWP Alternatives to HFCs: Feasibility of an Early Phase-Out of HFCs by 2020’ contends that Hydrofluorocarbons (also called HFCs, the most common ...
Regulated electricity price to be raised 5 pct
Thursday, May 31, 2012
The regulated electricity price will be raised 5 percent by the end of June for the population and for the industrial consumers, government sources told Agerpres on Monday.The Romanian authorities must also implement the calendar for abandoning the regulated prices for the home consumers starting 2013 till 2017.The natural gas prices are to be raised starting 2013.The European Commission and the International Monetary Fund ...
E.ON Romania earns turnover worth 1 bln. euros, in 2011
Thursday, May 31, 2012
The consolidated turnover E.ON Group made in Romania, in 2011 amounted to round one billion euros, almost the same like that earned in 2010, while the natural gas and the electricity sales exceeded 30 TWh, E.ON Romania general manager Frank Hajdinjak told a news conference, on Monday.'The Romanian-based E.ON Group's companies earned a turnover worth 4.33 billion lei, namely about one billion euros, and sold over 30TWh ...