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Energy & Environment
Eni close to deal on pipeline, sources say
Thursday, January 28, 2010
Italy's Eni SpA is close to reaching a deal with the European Union over international gas transit pipelines, which could involve selling all or some of its assets to avoid a possible antitrust fine, sources said. The deal could also see the Italian oil and gas group cut its controlling stake in Italy's gas transmission grid operator, Snam Rete Gas, one of the sources said."There are talks under way between Eni and the EU Commission regarding the sale of all or part [of the pipelines] to ...
Romania imports 1.396 mln toe of natural gas in 11 months of 2009
Thursday, January 28, 2010
Romania imported more than 1.396 million tonnes of oil equivalent of natural gas in the 11 months of 2009, by 59.7 percent or 2.065 million toe less than in the same period in 2008, show figures centralised by the National Institute of Statistics .The domestic natural gas production totalled 7.997 million toe Jan. to Nov., by 5.2 percent or 440,800 toe less than in the 11 months of 2008. ...
Romanian coal output totals 5.434 mln toe in 11 months of 2009
Thursday, January 28, 2010
The Romanian net coal output totalled 5.434 million tonnes of oil equivalent, by 12.2 percent lower (minus 753,700 toe) on the same period of 2008, show figures centralised by the National Institute of Statistics . Over Jan. - Nov., Romania imported 596,700 toe of coal, by 1.321 million toe or 68.9 percent less than in the 11 months of 2008. ...
Transgaz orders stopping natural gas consumption for five big consumers
Thursday, January 28, 2010
Transgaz ordered stopping natural gas consumption for five big consumers because of the low temperatures in the past few days, the Transgaz representatives told a news conference on Tuesday.'On January 15, because of the low pressure of natural gas we ordered stopping or limiting natural gas supply to consumers that can be interrupted. They are five in number and are the following: Electrocentrale in Bucharest, the chemical works Interagro, Alum in Tulcea [eastern Romania], ...
Transelectrica invests in upgrading Stuparei station
Thursday, January 28, 2010
Transelectrica and Siemens Romania on Tuesday completed the maintenance and upgrade works at the Stuparei station located in Ramnicu Valcea (central southwestern Romania), valued at 29 million lei (some 6.8 million euros).'Due to the major maintenance works with an upgrade component, the project of the Stuparei 220110 kV station will contribute to the rise in the safety of the National grid by securing the users' electric power in line with the operating and performance standards ...
Romanian Govt OKs Power Producers To Use Coal, Fuel Oil From State Reserve
Thursday, January 28, 2010
The Romanian Government authorized 21 power producers to borrow 1.9 billion tons of coal and 172.9 million tons of fuel oil from the state reserve until October 21.Some of these power producers include Termoelectrica, Electrocentrale Bucuresti, RAAN as well as the three power producers Craiova, Turceni and Rovinari.Romania's coordination commission for natural gas supply safety declared Monday state of emergency due to low temperatures.This state of emergency entails the suspension ...
AVAS to sell assets of National Coal Company worth 1.8 M dollars
Thursday, January 28, 2010
The Romanian National Authority for State Assets Recovery (AVAS) is going to sell assets of the indebted National Coal Company (SNC) at the price of 1.82 million U.S. dollars, informs a release of the Authority.The auction will begin from an initial price of 1.82 million U.S. dollars, plus VAT, following two assets to be put up for tender, namely a built-up area covering 1,712 sq m in Ploiesti (60 km north from Bucharest),with the initial price to start the auction of 1.19 million ...
Romania’s Energy Watchdog May Keep Gas Prices Unchanged In ’10
Thursday, January 28, 2010
Romania’s energy regulatory authority ANRE may keep unchanged the prices of natural gas in 2010 if the country does not face very low temperatures for a long period of time or problems with the national gas transport system, ANRE’s representatives said .Prices could be kept unchanged if "we do not face ringing frost" or problems in the national transport system, Lificiu said on B1 TV.Lificiu claims Romanian household consumers pay the lowest prices for natural gas in the European ...
Romania’s electricity consumption seen up 1% In 2010
Thursday, January 21, 2010
Romania's electric power consumption might increase by 1% in 2010, after an 8.3% fall last year, according to Octavian Lohan, deputy general manager of state-owned power grid operator Transelectrica (TEL.RO). The electricity consumption was at 55.2 TWh in 2009, and it is estimated at 55.5 TWh this year, Lohan said. He added that 2010 is considered a normal year from consumption point of view, compared with 2009, when the electric power demand was impacted by the financial crisis as numerous ...
Romanian Romgaz to resume talks on gas cooperation with Gazprom
Thursday, January 21, 2010
Romania’s largest gas producer Romgaz Medias and Russia’s Gazprom will resume last year’s talks on the cooperation within natural gas storage in Romania, Romgaz’s deputy general manager Lucian Stancu told MEDIAFAX Monday. "The talks are scheduled to be continued at the end of January, in Bucharest, but the exact date was not set up yet," Stancu said.In June 2009, the two companies signed a memorandum for the setting up of a joint venture in charge with building natural gas storage facilities ...
OMV ready to pump money into Romanian unit Petrom
Thursday, January 21, 2010
Austrian oil and gas group OMV stands ready to inject capital into its Romanian unit, Petrom at any time and has a favourable outlook on the company for 2010, OMV’s CEO Wolfgang Ruttenstorfer said on Wednesday. A government source told Reuters last month that Petrom, which is 51%-owned by OMV, was planning a share issue which might be worth 1 billion euros. OMV said at the time it would support such a move, which would be needed to address Petrom's growth potential. "We would be ...
GE Energy considers component manufacturing for reactors 3 and 4
Thursday, January 21, 2010
US giant General Electric (GE) is interested in supplying power-generation equipment and maintenance service to nuclear reactors 3 and 4 that Romania will build in Cernavoda, according to Carmen Neagu, chief executive of GE Energy for Romania, Bulgaria and Moldova. The United States ambassador in Romania, E.S. Mark Gitenstein said he hopes GE will take part in the 3 and 4 reactors project.“We are interested in bringing American technology in Romania”, the ambassador said. The Minister of ...
Romania’s budget has no funds for Nuclearelectrica projects
Thursday, January 21, 2010
Romania’s 2010 budget does not include funds for projects of state-run nuclear energy producer Nuclearelectrica, and a solution for the future two reactors at Cernavoda power plant is the public-private partnership, Finance Minister Sebastian Vladescu said Wednesday. He added afterwards that financing Nuclearelectrica has not been discussed yet and a partnership would be his personal option. The nuclear power plant in Cernavoda currently has two reactors of 700 megawatts power each, ...
Competition Council examines electric power market
Thursday, January 21, 2010
The Competition Council initiated, of its own initiative, a useful investigation for gaining knowledge of the electric power market, shows a Romanian competition authority release.'Taking into account the great importance of the electric power market for the Romanian consumers and the national economy, our initiative has, as main objectives, the in-depth assessment of how the competition mechanisms work in this sector, the identification and correction of the potential ...
Public-private partnership could be forged for exploiting mineral resources
Thursday, January 14, 2010
The state could exploit mineral resources through public-private partnership, by means of the National Agency for Mineral Resources, a series of collaborations may be starting from March, stated Economy, Trade and Business Environment Minister Adriean Videanu, during the hearings of the Specialized Parliamentary Commissions for the endorsement of the institution's budget, on Wednesday.'We want to initiate a public-private partnership at the end of March through which we shall be ...
OMV Petrom makes €47,000 in share buy-back
Thursday, January 14, 2010
OMV Petrom (BSE:SNP) bought back 714,000 equity shares of the company on Friday under the share buy-back program , for which it picked up 195,421 lei (€47,000), according to a filing to Bucharest Stock Exchange.The transaction was carried at an average price of 0.2737leishare, 2% below the Friday’s closing quote of 0.2790lei.Under the six-month long buy-back program, the company aims at buying back 0.02% of its share capital from the stock market.Under the provisions of the protocol signed ...
Rompetrol invests 220,000 dollars in operations automation
Thursday, January 14, 2010
Rompetrol Quality Control (RQC), the laboratory division of the Rompetrol group, has recently finalized the implementation of the Laboratory Information Management System (LIMS) programme, with the investment amounting to approximately 220,000 dollars, according to a company's release.The programme is part of the company's strategy for the automation and optimization of the laboratory processes and operations. RQC is the first company of this type in Romania to adopt this ...
Over 140,000 green certificates traded in 2009
Thursday, January 14, 2010
A number of 103,436 green certificates have been traded at a central level, within the ten monthly tenders organized up to the present, for the achievement of the compulsory quota for 2009, according to a release of the Ministry of Economy, Trade and Business Environment.Last year, 141,607 green certificates were traded, out of which 38,171 certificates were purchased by providers on the OPCOM platform for the achievement of the compulsory quota for 2008, and 103,436 certificates ...
Putin, Erdogan review energy cooperation plans
Thursday, January 14, 2010
Russian Prime Minister Vladimir Putin received his Turkish counterpart Recep Tayyip Erdogan for talks Wednesday, at which they agreed on deepening the two countries' energy cooperation. According to the Interfax news agency, Putin said afterwards that the two countries aim to bring Italy on as a partner in the planned trans-Anatolia oil pipeline project. The pipeline would link Turkey's Samsun port on the Black Sea with its Mediterranean coastal city Ceyhan, some 400 kilometres directly ...
Special Commission for Rosia Montana project at Environment Ministry
Thursday, January 14, 2010
Environment minister Laszlo Borbely decided the constitution of a special commission in the institution to handle the Rosia Montana issue. Laszlo Borbely met on Wednesday morning with Rosia Montana Gold Corporation (RMGC), the company that aims to start the gold mine project in the Romanian Apuseni Mountains. "Laszlo Borbely, minister of Environment and Forests, met Rosia Montana Gold Corporation representatives this morning, who have arrived to express their opinion on the current ...