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Energy & Environment
MMP: Petrom, Romania's largest investor in site decontamination
Thursday, April 12, 2012
Oil and gas company Petrom is the largest investor in Romania in site decontamination; the Romanian Government could come to the support of such activities with European funds in the future, head of the Dangerous Waste and Substances Management Department of Romania's Ministry of the Environment and Forestry (MMP) Ionut Georgescu told Agerpres on Thursday.'Petrom is highly active in Romania and it certainly tries to meet it obligations under the ...
Authorities reopened closed down energy groups to secure gas for winter consumption
Thursday, April 12, 2012
The Romanian authorities resorted to reopening energy facilities that were closed for the past years in order to secure gas for consumption in the 2011-2012 wintertime and had also to resort to importing natural gas at high prices so as to avoid disconnecting consumers, economy minister's adviser Tudor Serban told a Focus Energetic conference on Thursday.'Last winter was one of the harshest for the energy sector. First, natural gas left us and ...
PM Ungureanu : If you ask who is behind Roman Copper, I might tell you one day
Thursday, April 5, 2012
Prime Minister Mihai-Razvan Ungureanu could not tell the Realitatea TV commercial television channel on Tuesday who the investors are behind Roman Copper, the company that has recently brought Romania's Cupru Min copper mines from the Romanian Government.'If you ask who is behind them, what fuels them, I might one day tell you. Or they might show up of their own accord eventually,' said Ungureanu.According to official data, Canadian ...
Cupru Min privatization - a successful one, says Government spokesman
Thursday, April 5, 2012
Lately, a whole series of unfounded accusations appeared related to privatization of Cupru Min, a privatization which - it is worth mentioning - was a successful one, the spokesman of the Government, Dan Suciu, told AGERPRES in an interview given on Monday. Dan Suciu further said that there are a lot o arguments supporting his statement. According to him, this is the third attempt to privative Cupru Min, the first ones being in 2008, two failed privatizations, ...
2.8 million euros investment in a biofuel plant
Thursday, April 5, 2012
A company with Spanish-Romanian mixed capital is ready to open a production line of the bio-diesel fuel in Campulung la Tisa (Maramures County, northern Romania). The investment announced by the company is estimated at 2.8 million euros. Mayor of Campulung la Tisa town Valentin Pop told Agerpres on Wednesday that the company received the ground to place their investment outside town and they are working now to connect facilities.'The plot of land ...
PM Ungureanu questions three ministries about huge delays in Rosia Montana project
Thursday, April 5, 2012
Prime Minister Mihai-Razvan Ungureanu on Tuesday said he asked the minister of economy, the minister of the environment and the minister of culture to come up with opinions about what he called huge delays in starting off the Rosia Montana gold mining project.On Tuesday, Ungureanu was on Realitatea TV commercial television channel to talk about his immediate plan for this gold mining project the uses cyanides for mining.'I talked to the ...
Chevron: Decision to keep secrecy about state accords belonged to Romanian gov't
Thursday, April 5, 2012
The decision to keep the secrecy about the state accords with Chevron for the sites based in Dobrogea belonged to the Romanian Government, Country Manager Chevron for Romania, Tom Holst told a private television channel on Tuesday.'Chevron has an exploration licence for Barlad area (north-east of Bucharest) and the Government, some two weeks ago, offered us three exploration licences in Dobrogea region (southeastern Romania). The decision to keep the ...
Mineral resources agency head Alexandru Patruti: Several companies showed intention to explore and exploit shale gas in Romania
Thursday, April 5, 2012
Any company involved in oil accords may operate shale gas exploration and exploitation works, Alexandru Patruti, head of Romania's National Agency for Mineral Resources (ANRM) said in an interview with HotNews.ro. Beside Chevron, several other oil companies have shown interest in exploring shale gas. Patruti said the main environmental effect would be a possible contamination of subterranean waters, but "this impact may be kept in ...
Electricity imports total 1.04 TWh last year
Thursday, April 5, 2012
Romania imported in 2011 an amount of electricity accounting for 1.04 billion kWh (1.04 TWh), with 10.64 percent higher compared with that imported in 2010, according to centralized data of the National Energy Regulatory Authority (ANRE). Electricity exports last year totaled 2.94 billion kWh, down 23.64 percent from the previous year.In 2011, an amount of 60.39 billion kWh of electricity was produced in Romania and the network was supplied 55.64 ...
Termoelectrica to go into liquidation in 2012 - ministry official
Thursday, April 5, 2012
Termoelectrica will go into liquidation in 2012, with the non-viable assets to be dismantled, a director-general with the Ministry of Economy, Trade and Business Climate told a conference on Legislative Challenges in the Energy Sector staged by Finantistii (Financiers) publication on Monday.Said Alexandru Sandulescu: 'This year we'll take out of Termoelectrica the viable heating plants, that have proved their usefulness during winter, namely the ones ...
Building only one reactor at Cernavoda n-power plants would be more costly
Thursday, April 5, 2012
Building only one reactor at the Cernavoda nuclear-power plant would be more costly, but the authorities do not think about scrapping the project, Director General Alexandru Sandulescu with Romania's Ministry of Economy, Trade and Business Millieu (MECMA) told a conference on Monday on the legislative challenges to energy, held by the Finantistii publication.'The Economy Ministry does not take into account scrapping the projects for building units 3 ...
Romania to be part of the regional electricity market starting on 2014
Thursday, April 5, 2012
Romania will be part of the regional market of electrical power starting on 2014 with advanced talks having been held in this respect with Bulgaria, Hungary, Slovakia and the Czech Republic, said general director within the Ministry of Economy, Trade and Business Milieu (MECMA) Alexandru Sandulescu at the conference 'Legislative challenges in the field of energy' organised by the 'Finantistii' newspaper.'We are at an advanced stage of discussions with ...
Natural gas stocks to be created in 2012
Thursday, April 5, 2012
A stock market of natural gas is to be created in 2012, possibly within OPCOM (Power market operator in Romania), said Alexandru Sandulescu, general director within the Ministry of Economy, during the conference 'Legislative challenges in the field of energy.''We are going to have a natural gas stocks this year. Personally, I believe it should be created within OPCOM as well. However, a relevant decision is to be made during the upcoming period,' said ...
Romania can face power supply issues unless they invest five billion euros in 5 years
Thursday, April 5, 2012
Romania can face issues stemming from power supply unless they invest at least five billion euros in the following five years in the production units, vice-president of the European Agency for the Cooperation of the Energy Regulators (ACER) Razvan Nicolescu told the conference 'Legislative challenges in the field of energy.''I voice my concern after a personal analysis. If we do not manage to invest at least five billion euros in the power production ...
Natural gas consumption amounts to 18.541 million MWh in January 2012
Thursday, April 5, 2012
The natural gas consumption in Romania totalled 18.541 million MWh in January 2012, down by 7.57 percent from the one registered in the similar time span of last year, which amounted to 20.059 million MWh, according to the data centralized by the National Energy Regulatory Authority (ANRE). The domestic natural gas production meant for consumption was 74.83 percent of all sources in January, the first two producers (Romgaz and Petrom) covering 98.33 ...
Oil deposit estimated at 1.5 million tonnes discovered around Pancota town
Thursday, April 5, 2012
The geological prospecting made by Universal Premium company of Bucharest recently unearthed an oil deposit around the town of Pancota (Arad County) estimated at 1.5 million tonnes, deemed as the major deposit discovered so far in the Western Plain, the representatives of the aforementioned company said on Friday. Universal Premium Fund which funded the prospecting is a company which has as investors oil companies in Romania, Belgium, the Netherlands, ...
ForMin Diaconescu: We endorse idea of cohesion in EU approach to energy security
Thursday, April 5, 2012
Romania endorses the idea of the European Union's cohesion regarding the energy security in the Black Sea area, Romania's Foreign Minister Cristian Diaconescu said on Thursday. 'We continue endorsing the idea of cohesion in the EU approach to the energy security. In the respect, Romania hopes to the European leader's political statements of solidarity regarding the energy safety. At the time, several exploitation projects are in progress, same as projects on ...
Environment: Europeans call for stronger EU action on Water
Thursday, March 29, 2012
Close to three quarters of Europeans think that the EU should propose additional measures to address water problems in Europe, according to a Eurobarometer survey published today. A sizeable majority – 68 % – think that water-related problems are serious. Droughts, floods and chemical pollution are seen as significant challenges. 62 % of citizens also feel they are not sufficiently well informed, while 67 % think the most effective means of reducing water-related problems would be ...
Minister Bode on the most pressing legislative projects sponsored by the Economy Ministry
Thursday, March 29, 2012
A draft electricity law and a draft natural gas, the latest developments in the negotiations of the contracts of the Government-owned energy companies, interconnecting the country's natural gas transmission systems, the country's energy strategy, defining the vulnerable electricity consumer were among the most important topics discussed by Minister of Economy, Trade and Business Milieu Lucian Bode in an interview with Agerpres.Following a reasoned opinion sent by the European ...
Oltenia Energy Complex turns operational in May this year
Thursday, March 29, 2012
The Administration Boards of the Turceni, Rovinari and Craiova Energy Complexes, as well as of the Oltenia Targu-Jiu National Lignite Corporation, approved in their Wednesday meeting the Project for the establishment of the Oltenia Energy Complex, which will turn operational as of May 2012, the Ministry of Economy, Trade and Business Environment informs in a Thursday release.The Oltenia Energy Complex will come into being by the merger of the four aforementioned companies and its ...