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Energy & Environment
Romania remains in top of most attractive 15 countries worldwide as for investments in renewable energy
Thursday, May 31, 2012
Romania is among the most attractive 15 countries in the world for investments in renewable energy, according to the latest Country Attractiveness Indices report, released on Monday by Ernst & Young. The Index calculated by Ernst & Young for the last three months ranks Romania ahead of Poland and Ireland, which are on a par as regards the wind energy score in February 2012. Moreover, Romania is close to countries like Spain, Sweden, Australia ...
EU confronts post-2030 renewables policy vacuum
Thursday, May 31, 2012
The EU is facing an energy policy vacuum after a firm set of policy goals for renewable energy, carbon cutting and energy saving expires in ...
Authorities contemplate formula to cap fuel prices
Thursday, May 31, 2012
The authorities are contemplating a formula to cap fuel prices, depending on international contracts, and the Competition Council will publicly express an opinion in this respect after presenting it first to the Ministry of Economy and to the government, president of the Competition Council Bogdan Chiritioiu on Friday told a conference on the prospects of the institution.'There have been talks on fuel prices during the ...
Former government left state defenceless in OMV environmental cleaning case, PM says
Thursday, May 31, 2012
Prime Minister Victor Ponta on Wednesday, May 23, accused the former government of not making the due allocations for the defence of the Romanian State before the International Court of Arbitration in Paris in a case where OMV Petrom claims to be refunded some RON 100 million for environmental cleaning works.Ponta said that his government adopted on Wednesday a memorandum to ensure the defence of the Ministry of Environment ...
Minister Plumb discusses Romania hosting 11th meeting of the Conference of Ramsar Contacting Parties
Thursday, May 31, 2012
Romania's Minister of the Environment and Forestry Rovana Plumb on Thursday met Secretary General of the Ramsar Convention on Wetlands of International Importance Anada Tiega to discuss Romania hosting the 11the meeting of the Conference of the Contracting Parties.'It is very important and extremely beneficial that this meeting is held immediately after the RIO+20 Conference, which will establish the future action strategies ...
Iasi-Ungheni gas pipeline to be declared project of national interest
Thursday, May 24, 2012
Governments of Romania and of the Republic of Moldova will declare next week the construction of Iasi-Ungheni (northeast of Bucharest) gas pipeline a project of national interest, said on Wednesday, during the Government meeting, the Mayor of Chisinau, Vlad Filat. Filat noted that he agreed this with Romanian Prime Minister Victor Ponta, in a telephone call on Wednesday morning. Construction of the gas pipeline was agreed and included in the Republic ...
Chamber of Deputies adopts ordinance amending electricity law and natural gas law
Thursday, May 24, 2012
At a plenary session on Tuesday, the Chamber of Deputies approved a government emergency ordinance amending the electricity law and natural gas law and granting autonomy to the National Energy Regulatory Authority (ANRE).'The ordinance amended by the Chamber's Committee on Industries provides that the National Energy Regulatory Authority shall operate under the authority of Parliament, that is why the ANRE leadership, the budget and activity reports ...
Ministry of Economy creates category of protected consumers when it comes to gas supply
Thursday, May 24, 2012
The Ministry of Economy, Trade and the Business Environment (MECMA) through a draft of an emergency ordinance that was published on the site of the above-mentioned institution created the category of protected consumers when it came to the gas supply. This category includes all household consumers connected to the natural gas distribution network; the small and medium-sized enterprises connected to a natural gas distribution network and the essential ...
KazMunayGaz proposes Romania joint venture to service Kazakhstan wells
Thursday, May 24, 2012
Kazakhstan's state-owned oil and gas company KazMunayGaz suggested Romanian authorities the setting up a joint venture that should take charge of the service operations at the oil wells in Kazakhstan, shows a May 21 release of the Romanian Ministry of Economy, Trade and Business Environment (MECMA).Minister of Economy Daniel Chitoiu met with a delegation from Kazakhstan headed by KazMunayGas CEO Lyazzat Kiinov. The Kazakh delegation was accompanied by ...
Project amounting to almost 66 million lei on modernizing gas supply network in Bucharest
Thursday, May 24, 2012
The financing contract on the modernization of the gas supply network in Bucharest by GDZ Suez Energy Romania developing the medium pressure network, which is worth 65.941 million lei (about 14.85 million euros at the current exchange rate), was signed on Monday by the authorities, according to a release issued by the Ministry of Economy, Trade and the Business Environment. By implementing this project they will expand the gas distribution network in the city of Bucharest by ...
Romanian-US working group to look into impacts of shale gas exploration
Thursday, May 24, 2012
Romania's Ministry of Economy, Trade and Business Milieu (MECMA) and the US Embassy in Bucharest will set up an expert Romanian-US working group that will look into the impacts on the environment and the population of exploring for shale gas, MECMA reports in a press release.Romanian Economy Minister Daniel Chitoiu on Monday welcomed US ambassador in Bucharest Mark H. Gitenstein and US Special Envoy for Eurasian Energy Richard Morningstar to brief them on the priorities of the ...
US ambassador Gitenstein wants to discuss shale gas moratorium with the economy minister
Thursday, May 24, 2012
US ambassador Mark Gitenstein on Thursday said he wants to discuss with Romanian Economy Minister Daniel Chitoiu a moratorium on shale gas considered by the Romanian Government.'The new government wants to wait for awhile and than make the determination whether to explore those wells, and my recommendation would be to at least find whether you have any shale gas here. I think it is not unreasonable for the Government to understand - they have been out ...
Fresh bill to regulate 2015 - 2024 oil and gas royalties
Thursday, May 24, 2012
A new bill will be produced to regulate oil and gas royalties over the 2015 - 2024 period, Minister of Economy, Trade and Business Environment Daniel Chitoiu told a press conference on Friday.'A bill will be worked out to regulate oil and gas royalties for the interval 2015 - 2024,' said Chitoiu.The Minister also mentioned that this measure is set forth in the letter of intent to the IMF.Prime Minister Victor Ponta said recently ...
New electricity price to be set in keeping with competition-based market
Thursday, May 24, 2012
The fixed price set in the contracts of Hidroelectrica hydro-electric power producer closed with the ‘wise guys' has been abandoned and the new price is set in keeping with the competition-based market, adjusted by correction levers, Minister of Economy, Trade and Business Milieu Daniel Chitoiu told a news conference on Friday.'After the first ten days of my tenure, I have managed to eliminate the fixed price set in the contracts and have a price ...
PM Ponta: Units 3 and 4 of the Cernavoda n-power plant, a priority for Romania's Gov't
Thursday, May 24, 2012
Units 3 and 4 of the Cernavoda nuclear-power plant are a priority for the Romanian Government, and a decision on the future of this project will be taken by September 15, Prime Minister Victor Ponta said Thursday at Mioveni.'This is a priority for the incumbent government; it is included in its programme and I intend to carry through the projects for units 3 and 4 of the Cernavoda plant. This is a political decision I am taking up because I do believe ...
PM Ponta, not intending to levy taxes on oilmen's profits, eyeing lower prices for fuels
Thursday, May 24, 2012
The Government will negotiate lower prices for fuels with the oil companies, Prime Minister Victor Ponta said Thursday evening, mentioning that he does not intend to force any over-tax on the profits of the oil companies.'The tax on the profits of oil corporations is an idea I discussed with Economy Minister Chitoiu but which I do not want forcefully enacted. Such tax currently exists not just in Romania, but in entire Europe as well. Oil companies ...
UK wants EU to focus on new CO2 targets instead of renewables
Thursday, May 24, 2012
Europe should focus on cutting carbon emissions instead of just repeating the existing EU green policy targets which expire at the end of the decade, Britain's energy and climate chief Edward Davey told a global energy and environment summit. "We should be moving towards outcome targets," Davey said on Monday (14 May). "Carbon emissions should be the key target." He was asked whether Britain would ...
Prime Minister Victor Ponta to hold talks with Romanian oil producers
Thursday, May 17, 2012
Prime Minister Victor Ponta said on Wednesday that in the upcoming period he intends to hold talks with the Romanian oil producers as regards the possibility of overtaxing the profit of the oil companies.Victor Ponta said that unlike Romania, the region-based states held discussion upon this matter. 'I discussed with the International Monetary Fund and the European Commission representatives too. I want to hold talks with the ...
Oil companies' exceptional incomes, surtaxed starting in 2013
Thursday, May 17, 2012
The draft law on the surtax of exceptional incomes of oil companies will be approved in 2012 and the enterprises will be surtaxted starting in 2013, Economy Minister Daniel Chitoiu said on Wednesday, at the meeting of economic advisers of Romania's external representation network. The official pointed out that the law concerning the surtax for exceptional incomes would come into force in 2013.'The law will not be applied in ...
STEAG to invest 200 million euros in Monsson Group's Crucea Nord wind farm project
Thursday, May 17, 2012
Monsson Group has sold its 108 MW Crucea Nord wind farm project in Constanta County, to Germany's electricity producer STEAG GmbH.STEAG will invest nearly 200 million euros in the project that will be equipped with 36 3MW Vestas turbines. The electricity generated at the Crucea Nord wind farm will be channeled to a new transformation station located close to the village of Stupina, which in turn will be linked to the high voltage grid of Transelectrica. The new ...