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Energy & Environment
225 mln euros to be invested to supply 100,000 households with electricity
Thursday, March 11, 2010
The Ministry of Economy, Trade and Business Environment will invest roughly 225 million euros, over 2010-2012, to supply 100,000 households in Romania with electricity, Premier Emil Boc said on Tuesday, at Victoria Palace.'I approved a memorandum for finalizing the electrification of Romanian villages. I empowered the Economy Ministry to finalize through own investments the electrification of 100,000 households in Romania. At present, there are still 97 villages and around 2,000 isolated ...
Romania's exports of primary energy resources to grow 6.4 p.c.
Thursday, March 11, 2010
Romania's exports of primary energy resources will grow by 6.4 percent in 2010 compared to 2009, and are expected to attain 4.15 million tones of oil equivalent (toe), from 3.9 million toe, in 2009, whereas the exports are expected to rise by 8.2 percent, namely up to 6.16 million toe, over the coming five years (2011-2015), reads the National Prognosis Commission (CNP) energy balance prognosis over 2009-2010.Romania will export 9 million toe, over 2016-2020, by 7.9 percent more than during ...
West worries about Russia turning to coal
Thursday, March 11, 2010
European efforts to reduce greenhouse emissions could be undermined by Russian plans to dramatically increase energy production from coal, Western experts said in Brussels Monday (9 March).To be able to honour its gas export contracts, Russia has to turn to coal, said Kevin Rosner, senior fellow at the US Institute for the Analysis of Global Security.Rosner presented his research, entitled 'Russian coal: Europe's new energy challenge' and sponsored by the German Marshall Fund of the United ...
CNP: Volume of primary energy resources almost 42 M toe in 2010
Thursday, March 11, 2010
The volume of primary energy resources will reach 41.76 million toe in 2010, up 0.6 percent compared to last year, according to energy balance forecast for 2009-2020, released by the National Commission for Prognosis (CNP). For 2011-2015, CNP estimated 2.4 percent growth in primary energy resources, up from 47.09 million toe and 1.8 percent growth for the 2016-2020 time span, up from 51.575 million toe. The total production of primary energy resources was estimated at ...
CNP: Energy resources domestic consumption amounts to 35.89 million toe in 2010
Thursday, March 11, 2010
The energy resources domestic consumption is estimated for 2010 at 35.890 million tonnes of oil equivalent (toe), down by 0.2 percent compared to 2009, when it amounted to 35.947 million toe, according to the forecast of the energy equilibrium for 2009-2020, which was made by the National Prognosis Commission (CNP). The CNP estimates for 2015 indicate a consumption growth of 1.8 percent, up to 39.180 million toe, and for 2020 the consumption will go up by 0.9 percent, to 40.975 ...
Danube is in good ecological state on Romania's territory
Thursday, March 4, 2010
Danube river waters are in a high or good ecological state, classified in the second quality class for 98.7 percent of the river stretches in Romania, according to a monitoring report remitted by ANAR - the National Administration- 'Romanian Waters' valid for 2008. According to ANAR experts, the state of Danube waters quality in 2008 was appreciated based on information received from 30 control stretches located both along the river and on Tulcea, Chilia, Sulina and Sf.Gheorghe river ...
Petrom’s 2009 profit zooms 33% amid recession
Thursday, March 4, 2010
The oil and gas company OMV Petrom said in its preliminary report filed to Bucharest Stock Exchange its net profit jumped 33% from 1.02 billion lei in 2008 to 1.36 billion lei (€321 million) in 2009.In 2008, the company recorded net profit of 1.02 billion lei and turnover of 16.7 billion lei. OMV Petrom’s turnover fell 23% to 12.8 billion lei (€3.03 billion), while revenues shrank 26% to 14.3 billion lei (€3.3 billion) from a year earlier. Expenses narrowed 29% year-on-year to 12.6 ...
Romania's fuel market might decline 5pc in 2010
Thursday, March 4, 2010
Romania's market for fuels might decline 5 percent in 2010 according to estimates by Petrom, and the negative trends might affect the retail trade segment more amidst rising unemployment. 'The fuel market will see different trends in 2010 than it saw in 2009. There will be more negative developments in the retail market, given the difficulties facing Romania, with falling consumption and rising unemployment. A slight decrease will be visible in the industry, but a bounce back could be ...
Economy minister Videanu: we need to conduct a study to liberalize the natural gas market
Thursday, March 4, 2010
Romania's Economy minister Adriean Videanu declared last week, at the Summit on energy security and the Summit on the Danube Delta , that Romania's plans to liberalize the natural gas market, which need to be presented to the EC, will be finished only after a study will be conducted. Serious decisions must be based on serious studies.Videanu assured that Romania is in the agreed time frame and authorities will take a decision after the study will be finished. Romanian authorities ...
CEZ Romania to invest €52 million in 2010
Thursday, March 4, 2010
CEZ Romania will invest €52 million in 2010, mainly in the power supply sector, few millions less than a year earlier, according to chief executive of the power company, Jan Veskrna. “The largest portion of this amount, around €50 million, will be fed into the power distribution sector, CEZ Distributie. The remaining €2 million will go to the other companies in Romania: CEZ Trade, CEZ Vanzare and CEZ Servicii”, Jan Veskrna, CEO of CEZ Romania told NewsIn.He added Monday that the new ...
France to renew calls for EU carbon tariff
Thursday, March 4, 2010
EU ministers are set to give renewed consideration to French calls for a "carbon inclusion mechanism" in an attempt to curb unfair competition from countries like China, which have weaker climate protection laws. But opinion is still divided on the issue of carbon tariffs at the EU's borders.EU ministers in charge of competitiveness met in Brussels Monday (1 March) to adopt conclusions on a "new industrial policy"."The discussion was expected to concentrate on key objectives ...
Natural gas demand estimated at 17.568 million MWh, in March
Thursday, March 4, 2010
Total natural gas demand in March is estimated at more than 17.568 million MWh, eight percent lower than the estimated one in February, according to the report drawn up by Transgaz and forwarded to the Romanian Energy Regulatory Authority - ANRE.This gas quantity could be covered by home production in a proportion of 57.20 percent and from import - 42.80 percent.Demand on the captive market is estimated at 6.8 million MWh, of which 4.216 million MWh for household ...
More Norwegian money to go in environment project in Romania
Thursday, March 4, 2010
Norway plans to increase the finance to fund the projects to be developed within the Romanian-Norwegian cooperation after 2011 and hopes to start the negotiations with the Romanian authorities, Norway's Ambassador to Romania Oystein Hovdkinn said during his meeting with Romania's Environment and Forestry Minister Laszlo Borbely, on Monday March 1.The cooperation project with Romania over 2009-2011 represents a transfer worth 100 million euros to several projects, many of them in ...
Transgaz casts doubt over its involvement in South Stream
Thursday, March 4, 2010
The decision to take part in the South Stream gas pipeline project will be made only after “the completion of the feasibility studies”, when the company will know the costs and elements it involves.The state-run gas company said it had received a letter of intent to take part in the feasibility studies for the construction of the South Stream gas pipeline project.“Diversification of gas imports and increase of Romania’s energy security are the key objectives of the national energy ...
Energy Commissioner: EU Backs Bulgaria Role in South Stream
Thursday, March 4, 2010
EU Energy Commissioner, Guenther Oettinger, has stated that the EU supports the Russian backed South Stream gas pipeline provided that it meets technical requirements for security.Oettinger is in Bulgaria for Tuesday’s international forum ‘Energy security in the wider Black Sea region: an approach to public-private partnership’.He said that the South Stream project increases the import capacity and also added that the EU and US backed Nabucco gas pipeline enhances the diversification of gas ...
Romania doubles Russian gas imports
Thursday, March 4, 2010
Romania could increase the natural gas imports from Russia this year from 2 billion cubic meters in 2009 to around 4 billion cubic meters, due to rising domestic demand, said Petru Lificiu, chairman of energy market watchdog, ANRE.“Last year, Romania’s domestic gas consumption stood at 13 billion cubic meters, of which 11 billion cubic meters was covered by the country’s gas production, and the remaining 2 billion cubic meters was covered by imports from Russia. This year, we expect Russian ...
S&P reconfirms Transgaz forex loan rating
Thursday, February 25, 2010
Standard&Poor's Ratings Services on Wednesday reconfirmed its corporate rating for the forex loans made by Transgaz at BB+ with a negative outlook and at BBB- with a negative outlook for the national currency loans, the Romanian natural gas transport company said in a release to the Bucharest Stock Exchange on Thursday. Transgaz is the technical operator of the Romanian national gas transport system and it is responsible for its operation in safety, by observing economic efficiency and by ...
Ciunget-Lotru hydropower aggregate officially reconnected to the National Electricity Grid
Thursday, February 25, 2010
Hydropower aggregate 2 of the Lotru-Ciunget Electric Power Plant, the largest on the inland waterways of Romania and the second largest in level terms after the Iron Gates, was officially inaugurated on Thursday after overhauling works that started in the spring of 2007 ended.The reconnection of hydropower aggregate 2 of Ciunget-Lotru to the National Electricity Grid was conducted at a ceremony attended by director general of the newly established Electra Holding Constantin ...
Listing of heavyweight companies could breathe new life into capital market
Thursday, February 25, 2010
Companies Hidroelectrica and Romgaz could give the capital market a boost if they were listed on the stock exchange, believes vice-president of the Romanian Businesspeople Association (AOAR) Constantin Bostina. 'It's hard to understand why Hydroelectrica, Romgaz, Transgaz and other major players that could give the capital market a boost do not appear on the stock exchange, although they could reinvigorate the capital market and the energy system, which lacks liquidity,' Constantin ...
Romania Not Involved In Official Talks On Hosting Nuclear Waste Dump
Thursday, February 25, 2010
Romanian Environment Minister Laszlo Borbely said Thursday on RFI Romania has not received any official request for Romania to host a nuclear waste storage facility, after British paper The Times reported the country could host a regional nuclear waste dump. Borbely said the issue is worrisome but he is waiting for official information."I don't know whether this issue is urgent at this time. Obviously, several countries are involved or wish to host such storage facilities. (…) We haven't ...