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Energy & Environment
Gazprom: Romania Confirms Interest In South Stream Pipeline
Thursday, September 16, 2010
Russian natural gas giant Gazprom Friday said Romania confirmed its interest in the South Stream pipeline project. A Russian delegation met with Romanian officials Friday to discuss potential joint projects in the energy sector, particularly about setting up underground gas storage facilities in Romania. "In addition, the Romanian party confirmed its interest to participate in the South Stream project," Gazprom said in a statement. South Stream will have a length of 900 kilometers and is ...
Senate bans polluters from protected areas
Thursday, September 16, 2010
The Senate adopted on Wednesday a draft law submitted by senator Puiu Hasotti and deputy Gheorghe Dragomir, which proposes that all management and industrial waste disposal centres should be built at least twenty kilometres away from the Black Sea shoreline, the Danube Delta Biosphere Reserve and the Nature 2000 protected areas' network limits.The requirements also apply to building refineries, nuclear and power plants, as well as to chemical fertilizers production facilities or ...
Petrom sells stake in Russia's Ring Oil
Thursday, September 9, 2010
Petrom, the largest oil and gas producer in South-Eastern Europe, has sold its 74.9-percent stake in Russia's Ring Oil to its minority partner Mineral and Bio Oil Fuels Limited (MBO), Petrom reports in a press release.The seller and buyer agreed not to release sale price and terms of the transaction.Johann Pleininger, member of Petrom Executive Board, responsible for Exploration and Production: 'Within the current economic environment and following a prioritisation of our ...
Foreign Companies Planning To Build Power Units In Romania Ask For State Aid
Thursday, September 9, 2010
Several foreign companies interested to partner up with local firms in the construction of thermal power plants in Romania, asked for state aid the government cannot give, sources close to the matter told MEDIAFAX on Monday. "Investors came with their conditions, including asking for state aid. But our conditions do not include state aid. Some foreign companies, including Chinese ones, asked for the government's support in developing power production projects in Romania," the sources said. ...
Romania, Bulgaria To Join Forces In Nabucco Project
Thursday, September 9, 2010
Officials in Romanian and Bulgarian Economy Ministries decided to take a common position as regards the construction of Nabucco gas pipeline, which is a priority project for both countries.Representatives of both ministries met on September 2-3 in the capital city Bucharest to analyze the evolution of the Nabucco project, Romania's Economy Ministry said in a statement Monday. Moreover, the officials discussed about the necessity to build some hydropower plants on the Danube, to ...
Electricity consumption, up 3.9 pct Jan.-July
Thursday, September 9, 2010
Final electricity consumption January-July 2010 stood at 29.282 billion KWh, up 3.9 percent from the similar period of the year before, according to data released on Tuesday by the National Statistics Institute (INS).Public lighting dropped by 3.6 percent, while individual consumption inched up 3.4 percent.Romania's electricity exports declined by 1.232 billion KWh, or 57.8 percent.January-July 2010, Romania's resources of primary energy advanced 1.1 percent, while electricity ...
Romania’s OMV Petrom Hikes Gasoline Prices By RON0.06Liter
Thursday, September 9, 2010
Romania’s largest oil company OMV Petrom (SNP.RO) raised Tuesday its gasoline pump prices by 0.06 lei (EUR1=RON4.2762) per liter and kept its diesel oil prices unchanged. Thus, as of Tuesday, one liter of unleaded Premium gasoline costs RON4.49, while one liter of unleaded Top Premium 99+ can be bought with RON4.87 per liter.One liter of OMV Carrera 95 and of OMV Carrera 100 now cost RON4.63 and RON5.29, respectively.Petrom is the largest corporation in Romania and the largest gas and oil ...
Romania Government OKs Merger Of Three Electrica Branches
Thursday, September 9, 2010
Romanian state-run power distributor Electrica SA received the government’s go-ahead to merge three of its units into a single supplying company, named Electrica Furnizare, according to a Government decision approved Wednesday.The new company will include Electrica's units Transilvania Nord, Transilvania Sud and Muntenia Nord, the decision noted.Electrica Furnizare will mainly sell energy, but it will be able to unfold a series of connect activities as well.Transilvania Nord, Transilvania ...
Czech CEZ suspends works at Romania wind park
Thursday, September 9, 2010
Czech utility CEZ stopped work at its 1.1 billion euro wind energy park in southern Romania at the end of August due to a dispute over construction permits with local authorities, it said on Monday.The two-stage 600 megawatt wind park in the southern Romanian villages of Fantanele and Cogealac is one of the largest ongoing investments in recession-hit Romania. Foreign investors have shown interest in developing wind energy in the largely untapped European Union state.While ...
Iberdrola expands wind and nuclear energy plans in Romania
Thursday, September 9, 2010
Spanish power company Iberdrola's president, Ignacio Galan, met Romanian economy minister Ion Ariton Wednesday to discuss plans to expand the company's wind and nuclear portfolio in the Eastern European country, Iberdrola said. Iberdrola has been given the go-ahead by the Romanian power grid operator Transelectrica to harvest 1,500 MW of wind power through 50 wind farms to bebuilt in the Dobrogea region between 2011 and 2017. The Spanish company plans to generate wind ...
Kazakhs build up strategic position at Petromidia
Thursday, September 2, 2010
Rompetrol Rafinare Constanţa (RRC), the company owning Petromidia refinery, is likely to increase its share capital by over 1bn euros, with the Kazakh shareholders in the refinery being determined to go ahead with the plan to convert into shares the bonds that were not bought back from the state, worth around 517m euros.Moreover, the Kazakhs proposed that the company's current shareholders should be able to subscribe a sum equalling the bonds to be converted into shares. ...
Diesel oil and petrol, "fighting" for a leading position in European ranking of price increases
Thursday, September 2, 2010
Prices or diesel oil and petrol have risen by 8.6% and 15.8%, respectively, in euros, since the start of the year, with Romania ranking among countries with the highest fuel price growth in Europe. Hikes were applied though oil companies say demand is falling and conditions will worsen in the second half of the year amid Govt's austerity moves.According to European statistical data, Romania ranks seventh in terms of diesel oil price increases, among the 27 EU members, ahead of ...
Hidroelectrica estimates Tarnita-Lapustesti power plant might become operational in 2017
Thursday, September 2, 2010
Hidroelectrica is weighing two variants to finance the construction of the Tarnita-Lapustesti (center) hydropower plant and estimates that the first group thereof will be operational in July 2017, company representatives on Friday told a press conference organized at the Mihailesti hydropower plant. 'An analysis of the feasibility study is next. The financial model needs to be prepared, revenues need to be modeled, for us to see how much we need to unlock annually to get an idea of ...
Green project worth 57mln euros to start at CET Govora
Thursday, September 2, 2010
The CET Govora thermal power plant will be allotted 57 million euros for retooling through the Sectoral Operational Programme (SOP) for Environment, a process that is to be carried out observing all the EU regulations in the field. 'Some 57 million euros will be allotted through the SOP for Environment for electrostatic rehabilitation, desulphurisation using a large equipment to be installed and for making the coal boilers comply with environmental standards. In fact, all the ...
Romania Transgaz Eyes Changes To Nabucco Agreement To Ease Decision-Making
Thursday, September 2, 2010
Romanian natural gas pipeline operator Transgaz (TGN.RO) recommended a series of amendments to the partnership agreement for the construction of the Nabucco pipeline to simplify executive procedures and adjust the documents to the current development stage of the project.The proposal is subject to shareholders' approval at a meeting due October 5, Transgaz said Thursday. "The amendments will ease decisional procedures and will allow for a swifter resolve of potential blockages," ...
Czech CEZ Deplores E Romania Investment Holdups
Thursday, September 2, 2010
Czech utilities group CEZ, which is currently developing wind farms for EUR1.1 billion in eastern Romania, said the investment is stopped because of disagreements between local authorities in Constanta county, according to a press release issued by the company. According to the document, the investment at Fantanele and Cogealac is blocked by the Constanta Construction Inspectorate because of a divergence with the authority that issued the permit for the second stage of the project, namely ...
Nuclearelectrica sees business down, posts tens of millions of euros in losses
Thursday, August 26, 2010
Nuclearelectrica, one of the most important energy producers in Romania, which operates the two reactors of the Cernavodă nuclear plant slipped into the red in the first half of the year, even though it posted operating income.Therefore, according to the financial data, the company posted 192.2 million RON (46.3 million euro) losses in the first six months of 2010, compared with a gross profit worth 108.6 million RON (25.6 million euros) in the first half of 2009."The gross ...
Romania imports 3.128M toe in H1
Thursday, August 26, 2010
Romania imported 3.128 million tones of oil equivalent (toe), in the first half of 2010 by 377,300 tonnes, namely 10.8 percent less than during the same period of 2009, National Statistics Institute (INS) data inform.The crude production amounted to 2.031 million toe, over the above mentioned time span, by 1.2 percent, namely 24,100 toe lower than that of the same period, last year.Romania's National Prognosis Commission (CNP) expects the crude production to reach 4.4 ...
Net coal production 6.2 pct lower in H1
Thursday, August 26, 2010
Romania's net coal production amounted to round 2.666 million tonnes of oil equivalent, namely 6.2 percent (60,800 toe) smaller in the first half of 2010, compared to that of the similar period of 2009, National Statistics Institute (INS) data say.Romania imported 238,400 toe of net coal, during the first six months of the year, by 96,800 toe (28.9 percent) less vs. the coal imported over the same time span, last year.Romania's National Prognosis Commission (CNP) expects ...
Prime Minister Boc: People to get subsidy for heating in winter
Thursday, August 26, 2010
The Government will grant the subsidy for heating supplied in a centralized way in winter months, said Premier Emil Boc in Cluj-Napoca (north-west of Bucharest) on Thursday. 'The subsidies for heating will go on. This year, as in the previous year, there will be, on the one hand, a subsidy amounting up to 45 percent, which city halls get for fuel. The population will get the subsidy for heating depending on their income. I have asked the Government and my colleagues in charge of the ...