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Energy & Environment
Statistics: Increased imports of natural gas, oil imports fell
Thursday, July 7, 2011
Romania has imported in the first five months of this year a quantity of usable natural gas of 1.611 million tons oil equivalent, with 65.7 percent (638,900 toe) higher than in the same period last year, according to data centralized by the National Institute of Statistics (INS). In that period, domestic production of natural gas totaled 3.666 million toe, being 2.3 percent (82,700 toe) higher than in the first five months of last year. According to a study by British ...
Brussels slaps opt-outs on efficiency plan
Thursday, June 30, 2011
EU member states have been granted an opt-out from efficiency plans that would force energy companies to make savings among final customers of 1.5% a year."Our proposal aims at making the way we use energy in our daily life more efficient," EU Energy Commissioner Günther Oettinger said in a statement.It would also "lead to a reduced energy bill," he said.Climate Commissioner Connie Hedegaard went further, hailing an "important day for European climate policy" after years of failure to meet ...
Sterling to extract natural gas from Ana, Doina perimeters Black Sea as of 2013
Thursday, June 30, 2011
Sterling Resources will invest 500 million dollars in Doina and Ana perimeters in the Black Sea, with the first quantities of natural gas to be extracted as of the last quarter of 2013, the general manager of Sterling Resources, Mark Beacom told Romania Gas Forum on Thursday. 'We intend to invest 500 million dollars in Doina and Ana perimeters. In Q4 2013 we will begin to extract natural gas from these areas,' said Mark Beacom. 'As of 2014, we will extract 3 million cubic ...
Gas price up 10 pct for industrial consumers on July 1
Thursday, June 30, 2011
The Regulatory Committee within the National Energy Regulatory Authority (ANRE) approved the average price hike by ten percent of the final regulated price for industrial consumers, beginning with July 1, 2011. An ANRE release reads that the gas price hike will have no effect on the household consumers or on the thermal energy producers for the quantity of natural gas used to produce thermal energy in the co-generation power plants and in the thermal power stations, destined to the ...
Ionescu (ANEIR): Exporters are to feel gas price increase from first moment
Thursday, June 30, 2011
Exporters will feel the gas price increase for non-household consumers form the first moment, but it does not mean that we shall go off the markets, because there are also other countries facing these price-increase related issues, National Association of Importers and Exporters of Romania (ANEIR) chairman Mihai Ionescu told Agerpres at the end of last week.'The most affected will be the producers in the chemical industry, the fertilizer producers, the ones in the infrastructure ...
Market Coupling of Bulgarian and Romanian Electricity Market Is Considered
Thursday, June 30, 2011
The main requirement of RES investors is to have legal and regulatory predictability and transparency in the countries of interest, publics.bg reports.The Romanian energy regulatory agency ANRE and its Bulgarian counterparts are actively communicating on the matter of market coupling for the two countries. This was announced by representatives of ANRE and the Romanian power exchange OPCOM during the Balkan Energy and Infrastructure Finance Forum, which took place yesterday and ...
Nuclearelectrica to spend 50 million euros to secure safety of Cernavoda n-power plant
Thursday, June 30, 2011
Nuclearelectrica, Romania's sole nuclear power generator, will be spending 50 million euros to take the necessary measures that will make sure the Cernavoda nuclear power plant will pass the safety and stress tests, Nuclearelectrica Director General Pompiliu Budulan told an Energy Forum 2011 conference on Tuesday.He mentioned that the need to pass stress tests was established by all the nuclear power plants in the word at the last meeting in Vienna of the International Atomic ...
Grup Servicii Petroliere SA, Osram Romania named greenest Romanian companies
Thursday, June 30, 2011
Grup Servicii Petroliere SA (Oil Services Group) and Osram Romania have been named the greenest Romanian companies at the second edition of the Green Business Gala (GBG) 2011.Both companies got a high number of points at the competition seven categories, i.e. sustainable development, environmental impact, transport, resources, buildings, green acquisitions and waste management.Grup Servicii Petroliere got the highest number of points in Trade&Services, being followed by ...
Romania loses billions of euro for not selling the surplus of CO2 certificates
Thursday, June 30, 2011
Romania owns a surplus of 300 millions of CO2 certificates that were of great value three years ago when Romania could have easily obtained 3 billion euro if sold then. Meanwhile, they lost their value and the state could only get 1.2 billion euro. However, the government did not manage to sell the certificates as the necessary legislation was adopted last year only. A year after its adoption, the government realized that the legislation needs to be changed. The excuse of the ...
Romania to sell Petrom stake by end-July
Thursday, June 23, 2011
Romania plans to sell a 9.8 percent stake in its top oil and gas company Petrom , majority owned by Austria's OMV , by the end of July, Economy Minister Ion Ariton said on Friday. The sale is part of a government plan to raise some 2.9 billion lei ($971 million) this year on the Bucharest bourse, according to the terms of agreements with the International Monetary Fund and other lenders. . "We're in an advanced stage and probably towards the end of July the transaction will be made," ...
Romania, EIB in Talks to Secure Funds for Nabucco, EIB Says
Thursday, June 23, 2011
The Romanian government has started initial talks with the European Investment Bank to get funds for state-owned natural gas grid operator Transgaz SA to help build the Nabucco Pipeline. “It’s too early to discuss details of the possible financing aid, but I can say we have started discussions with the government about this, ’’ Millena Messori, head of the EIB office in Bucharest, said in an interview ,Mediafax reports . Raiffeisen Bank International AG (RBI) said on June 8 that Transgaz ...
Romania sells more LPG in 2010
Thursday, June 23, 2011
LPG car fuel represented some 45% of total LPG market in Romania in 2010, having registered an increase of over 10% from 2009, according to a release of Syscom 18 company. In Romania, the LPG market, including cylinders, LPG and small draught quantities, stands in terms of volume at some 440,000 tonnes sold annually. In 2009, cylinders held almost half of the LPG market. In 2010, almost 200,000 tonnes of LPG were sold at the 1,200 LPG filling stations in the country, ...
Reuters:Romania power stake may raise 80 mln euros
Thursday, June 23, 2011
The sale of a 15 percent stake in Romania's state-owned power grid operator Transelectrica could raise 80 million euros ($114.8 million) for the government, the head of the company said. The company aims to sell an additional stake of 12 percent through a capital increase, Transelectrica head Horia Hahaianu told state news agency Agerpres. The sale of both stakes is planned to take place this year. The government holds 73.7 percent in Transelectrica. The sale is part of a government ...
Romania accounts for 0.2 pct of world coal production (BP)
Thursday, June 16, 2011
The Romanian coal production last year totalled 5.8 million tons of oil equivalent (toe), by 9.2 percent lower than in 2009; it accounted for 0.2 percent of the world coal production, show statistic figures released by Oil Company British Petroleum.The Romanian coal output in 2010 was by 600,000 tons lower than in 2000.The Romanian coal consumption amounted to 6.2 million toe and accounted for 0.2 percent of the global consumption.Romania at the end of last year ...
Romania accounts for 0.1 pct of world oil production (BP)
Thursday, June 16, 2011
Romania ranks ninth among the largest oil producers from Europe and Eurasia, recording an oil production of 89,000 barrels per day in 2010, an amount accounting for 0.1 percent of the world oil production, according to statistic figures published by Oil Company British Petroleum (BP).The Romanian oil production plunged by 4.7 percent from 2009.The Romanian oil consumption went down 1.4 percent in 2010 compared to the previous year, amounting to 192,000 barrels per day, ...
Romania's proven natural gas reserves: 600 bn cubic metres at end-2010
Thursday, June 16, 2011
Romania's proven natural gas reserves at end-2010 stood at 600 billion cubic meters, representing 0.3% of the world reserves, a similar level to that in previous year, according to data centralized by British Petroleum BP.At end-1990, Romania's proven natural gas reserves were estimated at 100 billion cubic metres.According to the BP study, Romania ranks 9th in Europe and Eurasia.As to Romania's natural gas production, BP shows it decreased by 2.9% in 2010 compared with the ...
Russia, satisfied of cooperation between energy companies, says First Deputy ForMin Andrey Denisov
Thursday, June 16, 2011
Moscow is satisfied of the pace of cooperation among energy companies in Russia and Romania, a good example to this end being the opening, two days ago, in the presence of Prime Minister Vladimir Putin, of the underwater gas pipeline in Sochi, built by a Romanian company, said the First Deputy of the Russian diplomacy Chief, Andrei Denisov, in the press conference organized at the end of the BSEC meeting in Bucharest. 'We are satisfied by the pace of cooperation among energy ...
Romania's Getica CCS project, full steam ahead
Thursday, June 16, 2011
The scheme for the closure of financing for the Getica carbon capture and storage project will be completed until August 2011, as this is a priority project for Romania, Tudor Serban, personal advisor to the Minister of Economy, Trade and Business Environment, on Thursday told a specialist conference organized in Medias (north-west of Bucharest). 'The financing closure scheme for the Getica CCS project will be rolled out by August 2011. The Getica CCS company will be set up later ...
Romgaz deputy CEO: Romania's natural gas stock enough to meet winter demand
Thursday, June 16, 2011
Romania currently has enough natural gas storage to cover winter demand, Francis Toth, deputy CEO of National Natural Gas Company ‘Romgaz' declared in Medias (central Romania) 'Romania currently has enough storage capacities to cover the winter gas demand. For every injection cycle we keep 100-200 million cubic meters in stock, which proves that the stored amount is sufficient (...) We have stored nearly 1.7 billion cubic meters to cover winter consumption. This means about 70 pct of the ...
Electricity consumption up 3.9 pct in four months
Thursday, June 16, 2011
Romania's end-electricity consumption in the four months of this year totalled roughly 17.914 billion kilowatthour (KWh), by 3.9 higher than over last Jan.-April, the National Institute of Statistics has announced.Public lighting dropped 13 percent, while the population's consumption was up 2.3 percent.Electric power export amounted to 1.544 billion KWh, on the rise by 1.157 billion KWh or 298.5 percent.In the four months up to April, the Romanian electric power ...