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Energy & Environment
Energy volume traded on PCCB in 2010, up to 79,165 GWh
Thursday, March 31, 2011
Energy volume traded last year on the Centralized Market of Bilateral Contracts (PCCB) was of 79,165 GWh, about 22 percent higher compared to the one traded in 2009, according to data centralized by the National Regulatory Authority for Energy (ANRE). The average trading price last year stood at 161.62 lei MWh, compared to 161.37 lei MWh in 2009. A volume of 28,942 GWh was traded based on regular contracts, and 50,223 GWh on negotiated contracts. ...
There are no reasons justifying natural gas price increase (employers)
Thursday, March 31, 2011
There is no reason calling for an increase in the natural gas prices, Ioan Nicolae, Vice President of the Confederation of Romanian Industrial Employers (CONPIROM) said at the end of last week. 'Our statement exclusively relies on financial-economic arguments. The percentage of the import in the gas basket will not exceed 20 percent in the second and third quarters (2011) and the foreign suppliers are going to deliver on the market 'summer gas' with significant price reductions. If we take ...
Romania 2010 Power Output +4.3% On Year to 59.2 TWh
Thursday, March 31, 2011
Romanian power output rose 4.3% to 59.14 TWh in 2010, from 56.7 TWh a year earlier, data from the energy regulator ANRE showed Monday.Energy consumption stood at 52.03 TWh in 2010, up 4.2% on the year, ANRE said.It said energy exports rose 22.2% on the year to 3.85 TWh, while imports advanced 38.2% to 0.94 TWh. ...
Romania 2010 Gas Consumption Up 4.8% To 146.7M MWh
Thursday, March 31, 2011
Romanian natural gas consumption rose 4.8% to 146.7 million MWh in 2010, from around 140 million MWh a year earlier, the country’s energy regulator ANRE said in a report Monday. Gas imports covered 17.16% of Romania's consumption last year, up from around 15% in 2009. Petrom Gas, a unit of Romania's leading oil company OMV Petrom (SNP.RO), was the top gas supplier on the local free market, with a 23.3% share in 2010, followed by state-run company Romgaz Medias (22.7%) and Interagro group ...
Jimbolia town could sit upon oil fields of up to 6m barrels
Thursday, March 31, 2011
A project of the company Zeta Petroleum Romania for 2011 reveals that the town of Jimbolia, Timis County (west), sits upon an oil field of high quality paraffin-based crude, the preliminary assessment indicating the existence of reserves of at least 1.5 million barrels, but which may even reach 6 million barrels. According to a company press release, issued on Monday, this oil field is the big challenge in 2011. 'The big challenge in 2011 is to find the best solutions for ...
Electricity consumption increases 6pct and electricity production increases 11pct in first quarter
Thursday, March 31, 2011
Electricity consumption increased 6 percent in the first quarter of 2011, compared with the similar period of last year, and electricity production increased 11 percent, Transelectrica Deputy Director General Razvan Purdila said on Tuesday.The difference between the production and consumption increase represents the net export balance, the Transelectrica representative told a press conference on the capital market.Final electricity consumption in Romania amounted to 50.520 billion ...
Romanian Transgaz Requests Higher Gas Transport Fees
Thursday, March 31, 2011
Romanian state-owned gas transporter Transgaz (TGN.RO) asked energy watchdog ANRE to increase the transport fees for natural gas, company official Elisabeta Ghidiu said Tuesday. "We are considering increasing the transport fees. We have already filed a request with (energy regulator) ANRE," said Ghidiu, who is the company's strategy and corporate management director. She added she doesn't know the exact increase requested, since the request was filed by another department within the ...
EU: Romania Can Allocate Free Greenhouse Allowances During 2013-2019
Thursday, March 31, 2011
Romania may allocate a limited number of free carbon dioxide (CO2) emission certificates to power stations between 2013 and 2019, according to a European Commission decision Tuesday.The Commission laid out the rules allowing ten member states to hand out free greenhouse allowances to power stations, instead of selling them. Any of the 10 member states that wish to allocate free allowances to power stations must submit an application by 30 September 2011, the Commission said in a ...
PwC : Multinationals will take over Romanian companies of oil equipment and services
Thursday, March 31, 2011
Several multinational companies from China and other states, follow with interest the Romanian companies for oil equipment and services, for possible taking-over, Alexandru Lupea, partner in the company for consultancy Pricewaterhouse Coopers Romanian (PwC) says. On the Romanian market of oil drilling, estimated at 500 million dollars, there are present big companies at international level, such as Lufkin, Cameron, Weatherford, Schlumberger, Petrofac or Siemens. ...
First Romanian carbon capture and storage project to cost one bln euros
Thursday, March 31, 2011
The first project developed by Romania for carbon capture and storage - GETICA CCS - will be implemented from 2013, with its costs to stand at one billion euros, a Ministry of Economy, Trade and Business Climate official told round table debates on this issue on Tuesday.'The project will exceed one billion euros and it will be 50 percent financed via the European financial instrument NER300', advisor Tudor Serban stressed.A feasibility study is currently under way for the ...
Eco2 company to invest 200 mln euros in Romania in two bio-power stations
Thursday, March 24, 2011
Eco2 company, a renewable energy developer, headquartered in Cardiff, Wales, wants to build in Romania two power plants based on biomass, writes Financiarul daily. The estimated costs stand at 100 million euros for each plant, which will have an installed generation capacity of 40 MW. The two units will be built in Slobozia, Ialomita County south-east of Bucharest, and in Rosiori de Vede, Teleorman County south-west of Bucharest. According to plans, the plant in Slobozia ...
EU ETS registries of Finland, Romania, Slovenia and Sweden to resume operations on 21 March
Thursday, March 24, 2011
The national emissions registries of Finland, Romania, Slovenia and Sweden resumed normal operations on 21 March 2011 at 8am CET. This decision follows completion by the Commission of its review of reports from the four countries' national registries on the adequacy of their security measures. With these reports, the four countries have given reasonable assurances that the minimum security requirements are in place. This will bring to 19 the number of registries that will have resumed ...
Romania's usable water resource is 40 billion cubic metres
Thursday, March 24, 2011
Romania's water resources are relatively low and they are not uniformly distributed in time and space. Theoretically they are 134.6 billion cubic metres, of which the usable resource is only 40 billion cubic metres, informs the Apele Romane National Administration (ANAR).Romania's water resources are made up of surface waters (rivers, lakes, the Danube) and underground waters. 2007 statistics say that Romania's specific endogenous resources, which come from inland precipitation, ...
FIC Sees Renewable Energy Investment In Romania At EUR5B
Thursday, March 24, 2011
The Romanian renewable energy segment should draw investment of at least EUR5 billion in the next period, according to the Foreign Investors Council, or FIC. "FIC estimations show that the renewable energy segment has potential to draw at least EUR5 billion over the next several years in Romania," the organization said Monday. The council will present Wednesday a set of actions it deems necessary to unlock investment in renewable energy. FIC represents 125 companies that have invested a ...
CHEVRON EXPRESSES INTEREST IN SHALE GAS DEALS IN POLAND AND ROMANIA
Thursday, March 24, 2011
Chevron (NYSE:CVX) is looking into shale gas deals in Poland and Romania, Corporate Vice President John Gass said on Monday. Gass said the company foresees dynamic growth in the demand for natural gas in the coming years. Last week the company announced increased drilling for unconventional gas and oil in the U.S. and elsewhere as part of a plan to raise production 1% this year. The company expects to drill 70 wells in the Marcellus Shale, a huge source of new gas production located ...
Environmental Minister Borbely, convinced Cernavoda n-power plant will pass EU resistance tests
Thursday, March 24, 2011
The nuclear-power plant of Cernavoda, south-eastern Romania, will pass the resistance tests required by the European Union, because this is a state-of-the-art plant working along different lines, Romanian Environmental Minister Laszlo Borbely told Radio France International on Friday.'So far as we know from specialists, there is no risk of the plant failing the EU tests. The nuclear power plant of Cernavoda operates along different principles than those of the similar plants ...
TEN SA delivers over 150pcs of equipment, installations and components to Cernavoda nuclear-power plant
Thursday, March 24, 2011
The Titan Nuclear Equipment company (TEN SA) has delivered over 150 pieces of equipment, installations and components to the Cernavoda nuclear-power plant in its 25 years in business, under 122 distinct cooperation agreements, the company reports.Included among the deliveries were new fuel transfer equipment, fuel grapplers, tools, devices and accessories for fuelling machine head and support cradle assemblies, fare tools, mechanical shock arrestors, manually operated machines for ...
Equipment employed by Cernavoda Nuclear Plant ensures nuclear safety
Thursday, March 24, 2011
Nuclearelectrica National Company insists the nuclear equipment offered by Titan Nuclear Equipment during the tender held by the company meets the technical requirements and does not pose any danger to nuclear safety, reads a press release sent by the company on Tuesday. The purchase of the NF1 type snubbers was challenged by the Lisega Company, a tender offer-maker. 'The allegations delivered to Nuclearelectrica National Company are groundless, relying on information undocumented ...
Romania To Spend EUR1.2B Until 2015 On Waste Management System
Thursday, March 17, 2011
Romania is last in the European Union by the waste recycling rate, Environment Minister Lazlo Borbely said Thursday, adding that the Ministry will allot EUR1.2 billion until 2015 to improve this situation.The money will be spent on an integrated waste management system, said the minister. The recycling market would create over 200,000 jobs and generate income of more than EUR1 billion. The first step toward this objective will be installing two powerful incinerators, in Bucharest and ...
Russia considers LNG alternative to South Stream
Thursday, March 17, 2011
Russian Prime Minister Vladimir Putin last Wednesday (9 March) ordered an investigation into the possibility of building an LNG plant on the Black Sea coast, casting fresh doubts over the viability of Russia's South Stream gas pipeline.Putin has backed the $21.5 billion South Stream link to transport up to 63 billion cubic metres (bcm) of gas to Central and Southern Europe. Russia plans to launch the pipeline in 2015 while the LNG option has never been discussed."Please, review as a possible ...