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Energy & Environment
Minister Burduja: We can put 735 MW of clean energy capacity into operation by the end of next year
Thursday, July 27, 2023
Romania will have access to more clean energy in the coming years, and by the end of next year, capacities of 735 MW of installed power could be put into operation, according to the Minister of Energy, Sebastian Burduja."We are building the Romania of the Future every day. Today we signed the financing contracts for 8 photovoltaic parks, strategic investments supported by 70% of the Modernization Fund. Hundreds of millions of euros for Romania's green ...
Coal imports will fall by more than 40% this year; production will fall by 12.5%
Thursday, July 27, 2023
The coal production of Romania will drop this year by 12.5% down to 2.705 million tep, while imports will diminish by 40.3% at 210,000 tep, according to the estimates of the National Commission for Strategy and Prognosis (CNSP).The latest energy balance forecast indicates that, by 2026, coal production dynamics and imports are expected to decrease as more power generation capacity ...
How Poland and Romania are using €4bn in EU funds for gas
Thursday, July 27, 2023
EU money is driving the energy transition in Europe, especially in countries still heavily dependent on fossil fuels, but some governments are still looking to use EU public money to finance new fossil gas projects, despite their climate obligations, https://euobserver.com/ ...
Romgaz total hydrocarbon production down 5 pct in first half of 2023
Thursday, July 27, 2023
The total hydrocarbon production of the National Natural Gas Company Romgaz SA decreased in the first half of this year by 5.25%, compared to the same period in 2022, to 15.41 million barrels of oil equivalent (boe), from 16.26 million, according to data submitted with the Bucharest Stock Exchange on Wednesday.In the first six months of 2023, 2.383 billion boe of natural gas were extracted, gross (minus 5.24%), with condensate production at 10,940 ...
Azerbaijan, Romania hold discussions on natural gas supply
Thursday, July 27, 2023
During his visit to Bucharest, the Minister of Energy, Parviz Shahbazov, and the Minister of Energy of Romania, Sebastian Ioan Burduja, held a meeting, Azernews reports, citing the ministry. The meeting emphasized the importance of the mutual visits of the Presidents of Azerbaijan and Romania for cooperation between the two countries and the ...
Azerbaijan, Georgia, Romania and Hungary to create joint venture for green energy transmission from Caspian Sea to Europe
Thursday, July 27, 2023
Azerbaijan, Georgia, Romania and Hungary signed a memorandum of understanding on the establishment of a joint venture for green energy transmission from the Caspian Sea to Europe, Minister of Parviz Shahbazov said on Twitter, News.Az reports. The document was ...
Georgian Deputy Economy Minister, World Bank head discuss cooperation, Black Sea submarine cable project
Thursday, July 27, 2023
Cooperation between Georgia and World Bank and the Black Sea submarine electricity cable project intended to connect the grids of the South Caucasus and European Union member states were discussed on Friday in a meeting between the Georgian Deputy Economy Minister Genadi Arveladze and Koen Davidse, the Executive Director of the Bank, ...
Eurowind Energy Starts Construction Of Pecineaga 48 MW Wind Farm
Thursday, July 27, 2023
Danish developer and operator of wind, solar and hybrid projects, Eurowind Energy, starts construction of the Pecineaga 48 MW wind farm in July this year, which is scheduled to become operational in the first quarter of 2025. The project will have a capacity of approximately 176,000 MWh/year, being able to supply up to 48,000 households with green energy. The wind farm involves an investment of 79 million ...
Lands on which pipelines and natural gas transport facilities are located remain state property
Thursday, July 27, 2023
President Klaus Iohannis promulgated, on Friday, the normative act regarding the completion of art. 125 of the Electricity and Natural Gas Law no. 123/2012.The law provides that the lands on which constructions and pipelines for natural gas transport are located are and remain the public property of the state."The lands on which the surface technological installations related to the National Natural Gas Transportation System are located, ...
Romania's crude oil production decreases by 3.9%, imports increase by 10.3% in first 5 months
Thursday, July 27, 2023
Romania produced, in the first five months of 2023, a crude oil quantity of 1.177 million tonnes of oil equivalent (toe), by 47,300 toe less (-3.9%) than in the same period last year, according to data centralized by the National Institute of Statistics (INS).Crude oil imports rose, in the January-May 2023 period, to 3.464 million tep, being 324,200 tep (10.3%) above those recorded in the first five months of 2022.According to the latest ...
Enery seals 50-MWp solar PPA with Romania's Ursus Breweries
Thursday, July 27, 2023
Romanian beer producer Ursus Breweries will procure electricity from an over 50-MWp solar park in its home country under a virtual power purchase agreement (VPPA) with Austria-based renewables developer Enery, https://renewablesnow.com/ ...
The Draft Law for Offshore Wind – Responsibilities, Deadlines, Taxes and Other Obligations
Thursday, July 27, 2023
The Ministry of Energy published the draft law on the necessary measures for the exploitation of offshore wind energy. It will remain in public consultation for 30 days. The main responsibilities regarding the coordination of the development of offshore wind energy production projects rest with the Ministry of Energy and the Competent Authority for the Regulation of Offshore Oil Operations in the Black Sea ...
Study: Romania has tens of thousands of abandoned oil and gas wells and we don't know how much methane they emit
Thursday, July 20, 2023
Romania has been one of the biggest and oldest oil and natural gas producers in the EU and has tens of thousands of historically abandoned wells, but nobody knows the quantity of methane emitted, according to the data of the 2Celsius Association published on the occasion of the webinar on ‘Methane emissions from oil and gas abandoned wells in Romania’ organized on last Monday.According to the specialists, the abandoned wells raise a series of ...
Sebastian Burduja: The two new nuclear reactors would cost about $7 billion
Thursday, July 20, 2023
The two new reactors the company Nuclearelectrica has in mind would cost at least 6.5 billion euro ( 7.29 billion dollars), said on Wednesday the minister of energy, Sebastian Burduja in an interview for Reuters.Burduja added that Nuclearelectrica has negotiations with the Canadian group Lavalin who owns the Candu technology used for the first two ...
Crude oil production to decline at an average annual rate of 2.2% between 2023-2026
Thursday, July 20, 2023
Romania's crude oil production will be on a downward trajectory between 2023 and 2026, with an average annual rate of -2.2%, as a consequence of the natural decline of fields and the maintenance of existing production units, estimates the National Commission for Strategy and Forecasting. According to the latest Energy Balance Forecast, published by the CNSP, crude oil production is expected to be 3.050 ...
Complexul Energetic Oltenia signs contracts for 735MW of new Romanian solar power
Thursday, July 20, 2023
Romanian power company Complexul Energetic Oltenia (CEO) has signed contracts with fellow Romanian firms OMV Petrom and Tinmar Energy to build eight solar PV projects, with a combined capacity of 735MW, in the country, https://www.pv-tech.org/ ...
Romania publishes draft framework for offshore wind, plans 3 GW by 2035
Thursday, July 20, 2023
*The Ministry of Energy in Romania has published draft legislation regarding the development of offshore windfarms in its waters and wants to build 3 GW of capacity by 2035, https://www.rivieramm.com/ ...
Nuclearelectrica, Moldova's energy company Energocom sign long-term energy cooperation MoU
Thursday, July 20, 2023
National Company Nuclearelectrica and the Republic of Moldova's energy company Energocom signed on Tuesday in Cernavoda a Memorandum of Understanding for the development of long-term energy cooperation and the accomplishment of common strategic goals.The purpose of the Memorandum of Understanding is to explore options for ensuring the delivery of energy from Nuclearelectrica's future production by the new capacities that are to enter commercial operation, ...
National strategy to adjusting to climate changes in final stage of adoption
Thursday, July 20, 2023
The national strategy for adjusting to climate change is in the final stage of adoption, and development-related policies must be based on the realities and needs of local communities, minister of Environment, Waters and Forests, Mircea Fechet, said at the 11th meeting of the High-Level Political Forum on Sustainable Development (HLPF2023), which takes place in New York, informs a press release of the ministry sent on Tuesday.At the debate on "Strengthening ...
Romania's natural gas imports down 36.3pct, production up 6.6pct., Jan.-May, 2023
Thursday, July 20, 2023
In the first five months of 2023, Romania imported 591,600 tonnes of oil equivalent (toe) of usable natural gas, down 36.3% (-337,800 toe) y-o-y, according to data with the National Institute of Statistics (INS).January-May 2023, Romania's domestic production of natural gas was 3.154 million toe, up 6.6% (196,500 toe) y-o-y.According to estimates of the National Economic Strategy and Forecast Board (CNSP), natural gas production is ...