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Energy & Environment
Statistics : Natural growth maintains negative in November 2011, too
Thursday, January 12, 2012
The natural growth was negative both in November, minus 5,666 persons (the number of deaths exceeding the number of new born babies), and in October 2011, minus 4,255 persons, shows a release of the National Institute of Statistics (INS) remitted to Agerpres on Tuesday.In November 2011, 15,867 babies were born (9.0 live-births per 1,000 inhabitants), 600 less than in October 2011. The number of deaths registered in November stood at 21,533 (12,3 deceased per 1,000 inhabitants), by ...
Petrom and EEPRL start deepwater drilling in Black Sea
Thursday, January 12, 2012
The oil group Petrom and Exxon Mobil Exploration and Production Romania Limited (EEPRL), a branch of Exxon Mobil Company, started the deepwater exploration drilling at Domino-1 oil well, the first deep water exploratory well in the Romanian sector of the Black Sea, Petrom told a release sent on Monday. Domino-1 well is located in Neptun block, 170 km away from the shore, in waters 1,000 m deep and will be drilled with state-of-the-art technology. The drilling will be made by the ...
Major oil companies in Romania, fined with 3 percent of turnover made in 2010
Thursday, January 12, 2012
The Competition Council penalized the main oil companies in Romania with fines as much as 3 percent of their turnovers made in 2010, following an investigation made on the fuel market, the representatives of the oil companies told Agerpres on Tuesday. Last year, a investigation run by the Council on the fuel trading market was split into two different investigations. the concluded investigation is about an understanding in 2010 between the companies operating on the fuel trading ...
President Traian Basescu sends to Parliament reexamination request on law amending gas law
Thursday, January 12, 2012
President Traian Basescu on Tuesday, January 10, sent to Parliament the request for the reexamination of the law amending the gas law 3512004, on the grounds of its going against the liberalization of the market, as a major objective for the development of competition principles on the European Union (EU) market.'The law submitted to reexamination is aimed at regulating the amendment of article 4, line 2, of the gas law, in the respect of capitalizing the domestic natural gas ...
Car Scrappage and Green Home, this year's top viable environmental programs
Thursday, January 5, 2012
The 'Car scrappage' and 'Green Home' programs, as well as the earmarks for afforestation and flood defence represent the highlights of the 2011 activity review presented at a press conference by Minister of Environment and Forestry Laszlo Borbely.'Thanks to legislative changes, in two years we managed to take off the roads about 310,000 vehicles older than ten years. We carry on with the ‘scrappage' scheme next year too, under the same conditions. A number of 116,611 cars were put ...
MECMA is setting up two new integrated coal-fired power companies
Thursday, January 5, 2012
Ministry of Economy, Trade and Business Environment (MECMA) is currently setting up two new integrated coal-fired power companies, reads the Ministry's activity report made public on Thursday. 'We think we have to go on streamlining the power system's efficiency and this is the reason why we started this project aimed at setting up two new integrated coal-fired energy companies. The project was discussed and negotiated with the Trade Unions and the Proprietatea Fund. The Government ...
Reuters:Romanian Hidroelectrica cancels 4 power contracts
Thursday, January 5, 2012
Romanian state-owned utility Hidroelectrica cancelled four contracts under which it sells power below market prices, Economy Minister Ion Ariton said on Thursday, heralding an end for other similar deals. The contracts - including with a local unit of steelmaker ArcelorMittal - are under investigation by the European Commission and contested in court by minority shareholder Fondul Proprietatea. The move is part of a wider plan to reform state-owned firms under an aid deal led ...
Bulgaria to Start Building Gas Links to Greece, Romania in 2012
Thursday, January 5, 2012
Bulgaria is about to start construction a natural gas interconnection with Romania in a few weeks, according to Bulgarian Economy, Energy, and Tourism Minister Traicho Traikov.The building of the Bulgarian-Greek gas interconnection will be started in the third quarter of 2012, Traikov told BTA Sunday.Bulgaria moved to link its natural gas grid to that of its neighbors after the January 2009 gas war between Russia and Ukraine, which cut off the Russian gas supplies to Bulgaria for ...
Natural gases price for non-domestic consumers to go up 5 pct
Thursday, January 5, 2012
The natural gases final prices for the non-domestic consumers, except the thermal energy makers, will grow 5 percent, starting on this Jan 1, National Energy Regulatory Authority (ANRE) informs.Methane price goes up because of the rise in the imported natural gases up to 149.54 leiMwh, and the expected increase in the total natural gas consumption, over Jan-March 2012, and due to the change in the structure of the natural gas mixture.At the same time, Economy Ministry ...
Rompetrol invests 2.8 mln dollars in drilling works at Midia Port
Thursday, January 5, 2012
Rompetrol Group, via Midia Marine Terminal, will carry out drilling works worth 2.8 million dollars at the wharves in the Midia Port over Jan.-June 2012, in order to ease the transit of oil vessels, the group reports in a release.'The project is part of Rompetrol's strategy aimed at increasing the processing capacity of Petrompidia refinery up to five million tons of raw material. The program will be finalized in 2012 and will ensure the development of the transit capacity of end ...
Co-generated electricity to be sold for 172 lei a MWh, pre-VAT for regulated support contracts
Thursday, January 5, 2012
The National Energy Regulatory Authority established a benchmark price of 172 lei a megawatthour (some 40 euros), pre-VAT for the electricity produced in the co-generation plants and sold by regulated contracts in 2012 by those electric energy and heating producers who benefit from a support scheme, says an Order published in the Official Journal.The co-generated electricity sold during the day hours will have a price of 215 leiMWh, pre-VAT for the above-mentioned producers.The ...
2012 year-to-June estimated average price for gas imports set at 46.73 US dollars per MWh
Thursday, December 22, 2011
The National Energy Regulatory Authority (ANRE) estimates an average price for imported natural gas of 493 US dollars per 1,000 cubic meters for the interval Jan - June 2012, or 46.73 US dollars per MWh, according to data published on the ANRE website.The estimated exchange rate taken as reference in the assessment of the cost of imported natural gas for the interval Jan - June 2012 was RON 3.2 for 1 US dollar, resulting in a price of RON 149.54 MWh (calculated for a superior ...
6.8 million euros from EBRD for construction of first integrated waste recycling park in Romania
Thursday, December 22, 2011
The European Bank for Reconstruction and Development EBRD announced that it will fund with 6.8 million euros the Green Group, the first waste management and recycling park opened in Romania, according to a press release. The bank provides the capital investment, together with the South Eastern Europe Fund (SEEF), which contributes to the Green Group's capital with the amount of 16.7 million euros. The Green Group is a holding company, set up by Romcarbon SA, ...
Premier Emil Boc: In spring we shall select investor for hydropower plant of Tarnita-Lapustesti
Thursday, December 22, 2011
The State in the spring of 2012 will carry out the selection of the investor for the project of the hydropower plant of Tarnita-Lapustesti in public-private partnership, Premier Emil Boc announced on Tuesday in an economic forum.Moreover, he also mentioned the project of building a penitentiary in public-private partnership, initiated by the Ministry of Justice.'I shall not hide from you that we have also planned the building of a penitentiary in a public-private ...
Environment Ministry working on methodology to classify Romania's ancient forests
Thursday, December 22, 2011
Protection campaign for ancient woodlands was launched whole-heartedly, and their classification methodology is currently in progress. With the Ministry of Environment and Forestry (MMP), said National Forest Authority (RNP) general manager Valerian Solovastru.According to Solovastru, RNP manages 3.45 million ha state-owned woodland, but 800,000 ha of it are inaccessible to intervene in.'Not necessarily because we don't want to intervene there, but they are protected ...
Romania to Sell Oltchim Majority by End of April
Thursday, December 15, 2011
Romania plans to sell a majority stake in Oltchim SA (OLT), a chemical company, by the end of April 2012 as pledged to the International Monetary Fund, Mediafax reported, citing a government document that isn’t yet public. The government needs to select an investment bank to manage the sale by mid-February, according to Mediafax. The IMF blocked Oltchim’s planned acquisition of the Arpechim refinery from OMV Petrom SA (SNP) before the privatization, the Bucharest-based news service said. ...
Romanian Gold Project Closer to Ministry Decision
Thursday, December 15, 2011
Romania’s Environment Ministry is getting closer to making a final decision on the stalled Rosia Montana gold-mine project, Mediafax reported, citing Environment Minister Laszlo Borbely. The ministry’s technical committee that assesses the project needs one or two more meetings before making a decision on whether to issue an environment permit for the gold mine, Borbely told the Bucharest-based news service today. The first meeting on the project will take place in January, according to ...
Romania postpones Romgaz stock exchange floating until 2012
Thursday, December 15, 2011
The Romanian Government has delayed until the spring of 2012 the sale of a 15 percent stake in natural gas producer Romgaz Medias, according to the country’s draft letter of intent agreed with the International Monetary Fund.Previously, the Government estimated Romgaz would be listed on the Bucharest bourse by December 2011. The document, obtained by Mediafax newswire, writes that the Government also plans to sell a 10 percent stake in oil company OMV Petrom (SNP.RO) and a 15 percent stake ...
Romanian Hidroelectrica pledges to terminate ongoing below market value contracts
Thursday, December 15, 2011
Romania’s biggest energy company Hidroelectrica will cancel as soon as legally possible some widely criticized ongoing contracts at prices below market value, company representatives announced earlier this week. The beneficiaries of bilateral agreements not traded by the Electricity Market Operator in Romania have received notification to cancel the contracts, wherein the state owned utility company sells energy at prices way below market value. It is part of an International Monetary Fund ...
Electricity imports, down to 600,000 million kWh in first nine months of 2011
Thursday, December 15, 2011
Electricity imports totaled, in the first nine months of this year, 600,000 million kWh, while exports amounted to 2.61 billion kWh, according to centralized data of the National Energy Regulatory Authority (ANRE). Imports decreased by 11.76 percent as compared to same period of 2010, and exports increased by 21.4 percent. According to ANRE, during the mentioned period, an amount of 45.19 billion kWh electric power was produced in Romania, with 5.61 percent higher as compared to the same ...