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Energy & Environment
Linked to Green, a selective waste collection project
Thursday, February 11, 2010
As many as 20 environment-friendly organizations and companies in Romania, together with the United States Embassy in Bucharest, through the agency of the American Cultural Center, on Monday officially launched the Linked to Green concept, a project destined to the selective collection of waste in the HoReCa locations (Hotels, Restaurants, Cafes and Catering).According to this project's initiators, the Young Professionals Club Association, in partnership with Eco-Rom Ambalaje, one ...
SNLO to lay off 300 miners
Thursday, February 11, 2010
About 300 employees of the Oltenia National Lignite Corporation (SNLO) will be laid off this year under a program the company jointly carries out with the trade unions, SNLO general manager Daniel Burlan said. He added that the program of redundancies runs between 2009-2012 and primarily targets the underground activity.'Last year, of the 600 positions scheduled for being shed, only 460 persons voluntarily registered on the list and effectively quit the company. The 460 were meeting the ...
Hidroenergetica needs 700 mln euros worth of investments
Thursday, February 11, 2010
The necessary investments evaluated up to the present for the companies that will be part of the national company Hidroelectrica amount to roughly 700 million euros, General Manager of Hidroelectrica hydroelectric power producer Mihai David said on Wednesday.'ELCEN needs the amount of 300 - 350 million euros, Paroseni - 300 million euros and the National Coal Company needs approximately 50 million euros for the following two years', said David.Hidroelectrica general ...
Dutch projects for land decontamination in Romania
Thursday, February 11, 2010
The Dutch Government is intending to start off cooperation between the Romanian and the Dutch governments for the promotion of polluted land decontamination projects in Romania and the assessment of risks posed by contaminated sites, an area where the Netherlands has excellent specialists, the Romanian Environmental Ministry reports.Romania's Minister of Forestry and Environment Borbely Laszlo at the weekend met Dutch ambassador in Bucharest Tanya van Goo The Dutch ambassador ...
ANRE report: Natural gas consumption dropped 15% against 2008
Thursday, February 11, 2010
Natural gas consumption in Romania dropped 15% on a national level in 2009 in comparison with 2008: from 15.5 billion cube meters (165 million MWh) in 2008 to 13.2 billion cube meters (140 million MWh), according to a Romanian Energy National Regulation Authority (ANRE) report. The drop was consistent throughout the entire year, safe for December, when the gas consumption was 9% up against December 2008. In December 2008, the national monthly gas consumption read 17.8 million MWh, ...
Romania can take over up to six bln cubic meters of natural gas through Nabucco pipeline
Thursday, February 11, 2010
Romania can take over through Nabucco pipeline a natural gas quantity ranging between 3.5 billion normal cubic meters (Nmc) per year and six billion Nmc per year, according to Transgaz revised Interconnection strategy. Because Nabucco consortium shareholders have the right to half of the gas pipeline capacity, Romgaz Co. would have the right to reserve a capacity of some two billion cubic meters of gas, the remainder being reserved by the traders.Romgaz gas producer will take part, ...
France and Romania together in environment projects
Thursday, February 11, 2010
France's ambassador in Bucharest, along with several French companies will form a joint Romanian-French working group to present several proposals on tangible topics such as the public-private partnerships in the field of water management, the simultaneous generation of thermal and mechanic energy, the waste management, the energy efficiency in the buildings or the environment friendly transport in the urban areas, informs a release sent to Agerpres, on Tuesday. The result of these works due ...
IRENA statute, approved by gov't
Thursday, February 11, 2010
The government on Wednesday approved the draft law to ratify the Statute for the International Renewable Energy Agency (IRENA). 'Romania was the first country to sign the accession to the International Renewable Energy Agency (IRENA). The Parliament should elaborate its own viewpoint now related to this matter for, according to law No. 590 as of 2003 on treaties stipulating that, at the state level, regardless of the regulation field, they should be submitted to Parliament for ratification. ...
Rompetrol Group publishes ad on taking over 24 percent of Rompetrol Rafinare shares
Thursday, February 11, 2010
The Rompetrol Group published the bid for compulsorily taking over a number of 5.062 billion shares issued by Rompetrol Rafinare, accounting for 23.99 percent of the company's share capital, thus the value of the above-mentioned bid exceeding 90 million euros.The bid price is 0.0741 lei per share, according to the ad on launching the public bid for compulsorily taking over the shares issued by Rompetrol Rafinare. The bid is valid for 20 weekdays over February 15-March 2, 2010. The ...
Romania could cash EUR 1.2 bln from carbon emission allowance trading
Thursday, February 4, 2010
Romania's current quota of carbon dioxide emission allowances could bring the country 1.2 - 1.5 billion euros by 2012, Minister of Environment and Forests Laszlo Borbely told a press conference on Wednesday.'Romania's current quota of carbon dioxide allowances could bring the country between 1.2 and 1.5 billion euros by 2012. Unfortunately, we did not succeed in selling such allowances. We are in a one of a kind situation, although trades with such allowances could have been ...
The government freezes gas prices despite EC requirements to liberalize the market
Thursday, February 4, 2010
Romanian authorities are compelled, according to EU standards, to liberalize internal gas prices starting this year. Currently, gas prices for Romanian consumers are the cheapest in Europe, at 50% of the EU average. Due to social pressures, the Romanian government ignores EU pressures regarding the liberalization and urged the National Authority Regulating the Energy Sector to freeze prices. The liberalization of the gas market was due for January 1, 2009 after Romania received a ...
Government approves two important energy companies
Thursday, February 4, 2010
Almost one year after debates, the Romanian Government decided to approve the re-structuring of the energetic sector by setting up two giant companies. One of them will be called Electra and its chief is going to be Constantin Balasoiu, an individual supported by PDL, the party in power, currently running the Energy Complex in Craiova (South). The second company is Hidroenergetica. Its future chief is Mihai David, presently Hideoelectrica head and PSD member (the main opposition party). ...
Petrom hives off downstream gas business
Thursday, February 4, 2010
Petrom, the largest natural gas company in South-East Europe said it would hive off its downstream natural gas trading business into a separate fully-owned company, Petrom Gas SRL.“We are operating in an ever-changing marketplace and we need to adapt to it and remain competitive. The new structure of our gas trading business will offer visible benefits: it will facilitate our relations with the customers, it will improve cost efficiency by generating synergies and help us better meet ...
EU funding for energy technologies still elusive
Thursday, February 4, 2010
EU countries want to open the debate about increasing funds for low-carbon technologies in the next EU budget for 2013-19, but they are not willing to make any concrete commitments at this stage, shows a draft paper discussed by national experts on Wednesday (26 January). The draft paper is member states' response to a European Commission proposal to finance the Strategic Energy Technology (SET) plan, presented in October last year .The plan called for the EU's energy research ...
Rompetrol Well Services takeover bid approved
Thursday, February 4, 2010
The National Securities Commission (CNVM) approved the mandatory public offer regarding the takeover of SC Rompetrol Well Services Ploiesti, initiated by the Rompetrol Group NV Netherlands, according to the data submitted to the Bucharest Stock Exchange (BVB).The offer includes 132,774 million shares, which account for 47.73 percent of the issuer's share capital. According to BVB, the face value of a share amounts to 0.1 lei and the purchase price is of 0.43 lei per share. The ...
Natural gas price to rise for consumers, GDF SUEZ Romania announces
Thursday, February 4, 2010
GDF SUEZ Energy Romania, the former Distrigaz South, one of the most important natural gas supplier on the local market says that the consumers will pay more for the natural, over the time span ahead, because the Company increased the imports, the Ziarul financiar informs on Tuesday.The natural gas supplier grew the imports to cover its clients' consumption demand that went up abruptly because of the extremely low temperatures, late in January. The natural gas prices will grow as ...
Romania imported 2bn cu m of natural gas in 2009
Thursday, February 4, 2010
Imports of natural gas exceeded two billion cubic meters in 2009, less than half the amount imported in 2008, which stood at 4.5 billion cubic meters, according to the interconnection strategy with neighbouring countries, published by the National Natural Gas Transport Company Transgaz. Romania is currently importing Russian natural gas through the interconnection pipeline with the Ukrainian system, via the Ukraine Tekovo - SMG Medium Red Plated segment and also the Orlovka - SMG ...
Azerbaijan, Romania specify gas cooperation plans
Thursday, February 4, 2010
According to Itar-Tass agency, Azerbaijan and Romania signed in Baku on Tuesday a memorandum on energy cooperation. It envisages supplies of liquefied gas to Romania on the Baku-Kulevi (Georgia)-Constanza (Romania) route. It is expected that the amount of gas supplies at the first stage will be three to eight billion cubic meters with a further increase to 20 billion cubic meters. State Secretary of the Romanian Ministry of Economy Tudor Sherban said that Azerbaijan and Georgia ...
LukOil Romania reports 38% decline in revenues
Thursday, February 4, 2010
Oil company LukOil Romania, subsidiary of Russai-based LukOil, posted $1.31 billion revenues 38% below year-ago levels, and $50 million, according to the chief executive of the company, Constantin Tampiza.“Revenues and EBITDA (earnings before interests, taxes, depreciation and amortization) fell 38% in 2009 from a year earlier due to crude oil price drop. EBITDA’s drop of $25 million reflects currency exchange movements”, said Tampiza, as quoted by NewsIn.In 2008, LukOil Romania reported ...
Sofia formally backs Nabucco pipeline
Thursday, February 4, 2010
A heated debate over energy policy resulted in Bulgarian lawmakers Wednesday ratifying an agreement on the Nabucco natural gas pipeline for Europe. Ankara hosted the signing of a milestone intergovernmental agreement by representatives of Austria, Bulgaria, Hungary, Romania and Turkey on the construction of the Nabucco natural gas pipeline in July. After nearly two hours of parliamentary debate Wednesday, Bulgarian lawmakers agreed to the construction of the gas pipeline for ...