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Energy & Environment
Final electricity consumption to grow by 18 pc in 2012
Thursday, October 15, 2009
The electricity consumption at the end-user will grow from 48 terrawatt an hour in 2008 by 18 percent in 2012 to 57.32 TWh and to 66.22 TWh in 2017, read data grid Transelectrica sent to the Bucharest Stock Exchange (BVB), about its prospect plan over 2008-2012, and the indicative figures for 2017.The Economy Ministry, based on the previous assent issued by the National Energy Regulatory Authority, approved Transelectrica's prospect plan over 2008-2017. The net domestic electricity ...
Romgaz, Transgaz and CE Craiova to jointly develop carbon capture project
Thursday, October 15, 2009
Natural gas supplier Romgaz, gas carrier Transgaz and electricity supplier CE Craiova will work together to develop the first project to capture carbon dioxide, as part of a partnership between Romania and Norway. “The companies will conduct the prefeasibility study on the site. The findings of the study will be submitted to the European Union. The project will be carried out in partnership with a company from Norway, which will contribute with €100 mln. The proposal is pending for approval ...
AT Kearney: Solar energy could provide 12% of EU’s electricity demand by 2020
Thursday, October 15, 2009
Solar Photovoltaic (PV) electricity could provide up to 12 percent of European Union electricity demand by 2020, from less than 1 percent today, a study conducted by A.T. Kearney found.In March 2007, the European Union adopted an integrated climate and energy policy, putting forth policy goals for implementation by 2020, such as 20percent reduction in greenhouse gas emissions from 1990 levels, ensuring that renewable energy represents 20pc share of total energy use and 20 percent ...
Hunt Oil: Romania- a good place to implement future technologies
Thursday, October 8, 2009
Romania is a good place to have the technologies of the future implemented, as there are many technologies in this country that can be implemented in the oilfields, Hunt Oil Company vice-president Tom Cwikla said at the Black Sea & Economic Forum, on Thursday. Romania is a good place to implement the technologies of the future. There are many, which can be implemented in the oilfields here, the Hunt Oil official stressed.As for the Company's interest in the European area, ...
Romania, first country to get offer of 7.3 billion cubic metres for Nabucco
Thursday, October 8, 2009
Romania is the first country to get an offer of 7.3 billion cubic metres of gas for participating in the Nabucco project so that it should be the first to be carried out in Europe, Secretary of State with the Ministry of Economy (ME) Tudor Serban told the Black Sea Energy & Economic Forum on Thursday.'We are the first country to get an offer of 7.3 billion cubic metres of natural gas to carry out Nabucco, on condition that it should be the first to appear in Europe. The political ...
Refinery in Romania built in partnership with Azerbaijan
Thursday, October 8, 2009
The Romanian State intends to take over the Arpechim refinery and cooperate with Azerbaijan in developing it, Secretary of State with the Ministry of Economy Tudor Serban told the Black Sea Energy & Economic Forum.The Arpechim refinery, which belongs to the Petrom company, might be taken over through the agency of Oltchim.'We shall build a refinery in Romania, in partnership with Azerbaijan,' said Tudor Serban.He also added that Romania got requests from Turkey for exports of electric power ...
Mariana Gheorghe: Petrom’s top priority is production
Thursday, October 8, 2009
Mariana Gheorghe, CEO of Petrom, Romania’s largest company said production was at the core of the oil company’s development strategy. “Oil and gas will remain the backbone of the energy system, despite the alternative energy scenarios”, said Mariana Gheorghe, at the Black Sea Energy and Economic Forum. The chief executive of Petrom stressed the company’s primary objective was production, the business’ core segment. The head of Petrom has also expressed hopes that the energetic potential of ...
Mariana Gheorghe (Petrom): Traditional energy sources cannot be immediately replaced by new ones
Thursday, October 8, 2009
Crude oil and natural gas will continue to be the spine of the energy system and although we aim to replace the traditional sources with the renewable ones it is still early and technologies haven't reached maturity yet, said on Thursday Petrom's general manager Mariana Gheorghe at the Black Sea Energy&Economic Forum. 'Crude oil and natural gas will continue to be the spine of the energy system. We want to replace traditional sources with ecological ones, but we need time. Technologies ...
Patriciu: Black Sea Has Huge Oil&Gas Reserves, May Replace Russia’s Power Intake
Thursday, October 8, 2009
The oil and gas reserves in the Black Sea are so high that they could even replace Russia’s intake as international energy supplier, Romanian businessman Dinu Patriciu told Thursday the Black Sea Energy and Economic Forum. "The Black Sea reserves are huge," Patriciu said Thursday, contradicting his previous statements. Early February, he was saying there are not enough oil and gas reserves in the Black Sea and that he is not interested in exploring them. "We're dealing with a great ...
Patriciu: It's Unfortunate Romania Supports Nuclear Power Projects
Thursday, October 8, 2009
Supporting the nuclear power projects is an "unfortunate thing," which means Romania still has a socialist-like mentality, businessman Dinu Patriciu said Thursday at the Black Sea Energy and Economic Forum. "Romania has a socialist mentality. The country goes ahead with the nuclear energy projects. In my opinion, being a couple of kilometers from Kozlodui (e.n. - Bulgarian nuclear plant) should make the politicians reject the nuclear power. It is an unfortunate thing," Patriciu ...
Dinu Patriciu on Nabucco: Romania better holds gas tap than pipes
Thursday, October 8, 2009
Romania should value its storage capacities in the context in which this state could cooperate in the gas pipelines Nabucco and South Stream projects, stated on Tuesday Executive director of the International Consultancy Committee of the Atlantic Council Dinu Patriciu in the opening of the Black Sea Energy & Economic Forum in Bucharest.'Romania must value its storage capacities. It is very important to have such capacities. It is much more important for Romania to hold the gas tap ...
Energy policies have to be aimed at diversification of sources, specialists believe
Thursday, October 8, 2009
The global energy sector faces, during this period, a European Union intending to diversify its sources, on the one hand, and Turkmenistan, that wants to diversify its markets, said, on Friday, specialist in energy security John Roberts, at the Forum for Energy and Economy at the Black Sea, BSEEF.'The fourth owner of natural gas resources is a country willing to be a trustful corridor. The answer of this country is the achievement of a pipeline up to the border of Turkmenistan. ...
Moldova ex-PM Ion Sturza: South Stream is a project born dead in the minds of politicians and Nabucco is unreal as long as no understanding is reached with Iran
Thursday, October 8, 2009
Ion Sturza, a former prime minister of the Moldova Republic, currently a businessman associated with Romanian businessman Dinu Patriciu, believes that the South Stream project has no chance to be put in practice. "South Stream is a project born dead in the minds of politicians who had only one purpose, to send a signal of ignoring Ukraine. South Stream is a 900 km pipeline on the bottom of the Black Sea which costs 25 billion euro. It's absurd", Sturza said.He also criticized the ...
Scaroni: "Nabucco and South Stream are not competitors, but complementary"
Thursday, October 8, 2009
Paolo Scaroni - multinational Eni CEO, and Richard Morningstar - special US envoy for energy issues in the Eurasian zone, talked in the opening of the Black Sea Energy and Economic Forum about Nabucco, South Stream and the energy resources in the area. "All the countries in the Black Sea region need to form a coalition, to work together to put to good use the energetic resources", Morningstar said."It will be difficult to reach a consensus at the EU level in the period to come. ...
Romania names Florin Muntean as new Transgaz CEO
Thursday, October 8, 2009
Romania's economy minister, Adriean Videanu, said on Monday Florin Muntean had been appointed chief executive of state-owned gas pipeline operator Transgaz TGNM.BX. Muntean, previously Transgaz CEO from 2005 to 2007, replaces Ioan Rus, said Videanu, without explanation. Analysts said the move was a political appointment following a split in the ruling coalition last week, when leftist Social-Democrats left the government over a row for a ministerial post with Prime Minister Emil Boc's ...
Statistics: Final electricity consumption down 9pc
Thursday, October 8, 2009
The final consumption of electricity was of 32.103 billion KWh over January-August 2009, down by 9.1 percent compared to the same period of 2008, according to a release issued by the National Statistics Institute (INS).Public lighting reported a 6.5-percent rise over January-August 2009, compared to the same period last year and the population's consumption grew 7.9 percent. Electricity export shrank by 1.334 billion KWh, respectively 36.7 percent. According to INS, over ...
Azerbaijan Offers Romania 7.3 BCM Of Gas For Nabucco
Thursday, October 8, 2009
Azerbaijan has offered to supply Romania with 7.3 billion cubic meters of natural gas to be transported via Nabucco project, amounting to nearly one quarter of the pipeline’s planned annual capacity, people working for the Economy Ministry told MEDIAFAX last Friday. Thursday, the ministry's state secretary Tudor Serban said that Romania was offered the option to receive 7.3 bcm of natural gas via Nabucco, declining to name the country that forwarded the offer. However, Serban said the offer ...
Ankara courts EU over Nabucco gas supplies
Thursday, October 8, 2009
Turkey wants to help the EU to realise the Nabucco pipeline project by acting as a broker for securing natural gas supplies from Iraq and Qatar as well as Iran at a later stage, the country's foreign minister, Ahmet Davutoglu, told EurActiv.Davutoglu said his country is actively trying to solve tensions around Iran, which stands accused by the international community of developing a secret nuclear weapons programme. He stressed Ankara was not doing this only for the sake of regional or world ...
Court decision threatens to unravel Europe's carbon market
Thursday, October 1, 2009
Estonia and Poland have scored deeply significant wins in their battle with the EU over carbon quotas. In a decision that threatens to scupper Europe's cap and trade scheme, the Court of First Instance annulled the European Commission's decision to lower the carbon emission quotas of both countries.The court said setting carbon limits is a matter for member states rather than the EU. The ruling could force the European Commission to review its quotas and undermine the ...
Romania's Winter Fuel Stocks Ensured, After RON4.3B Investment
Thursday, October 1, 2009
The Romanian Economy Ministry on Friday said it ensured fuel stocks for electricity and heat producers during the winter period, following investments of 4.3 billion lei (EUR1=RON4.2046)."All the plants that ensure a good functioning of the energy system have the necessary fuel stocks, and SNLO (state-owned mining company - e.n.) has additional large brown coal reserves," the ministry said in a statement.Between October 1 and March 30, 2010, the ministry estimates an electricity ...