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Energy & Environment
Romania might face increase in the energy prices should it excel the agreed CO2 level
Thursday, June 25, 2009
The energy might become more expensive in Romania if the country goes over the CO2 level imposed by the European Commission. The optimist scenario forecasts a 5% increase, the pessimist version - 10%. "Romania has a 50 TWh annual consumption. After all the maths, it results that the price might go up 10 euros per MWh, meaning 10% more. This is the pessimist scenario. A realist version sees a 5% increase in the energy price", according to Romanian Academy energy and environment ...
E.ON to slash planned investments in Romania by 26%, in the background of the economic turmoil
Thursday, June 25, 2009
E.ON Romania will allot this year a total 245 million lei for investments and will cut by 26 percent spendings of 331 million lei announced at the beginning of the year for the electricity and gas networks, due to the economic crisis, company data reads. The company representatives did not specify which of the investments will be trimmed.E.ON announced in February it would pump a total 331 million lei in the electricity and gas networks. E.ON Moldova Distributie, partly owned by E.ON ...
European heads of state to seek greenhouse gas storage solutions
Thursday, June 25, 2009
British Ambassador in Bucharest Robin Barnett believes that despite the difficult economic period that challenges all states, political leaders in Romania and across the European Union (EU) need to find greenhouse gas storage solutions. Barnett made this declaration on Thursday on the occasion of a conference on 'Carbon sequestration, a business opportunity for Romania.''The coal-based energy system is responsible for the greatest part of polluting emissions. Therefore we need a ...
Petrom raises petrol price by 0.06 lei a litre
Thursday, June 25, 2009
Oil Company Petrom has raised the price of petrol and diesel fuel traded at Petrom and PetrOMV stations by 0.06 lei a litre starting on Tuesday. A litre of unleaded Premium 10 ppm petrol now costs 3.8 lei, unleaded Top Premium 99+ costs 4.13 lei, OMV Carrera 95 costs 3.9 lei and OMV Carrera 100 sells for 4.53 lei.A litre of Top Euro Diesel 5 fuel costs 3.67 lei, OMV Sprint Diesel sells for 3.72 lei, Euro Diesel 5 sells for 3.54 lei and OMV Premium Diesel costs 4 lei. AGERPRES ...
Price for imported natural gas in Q3
Thursday, June 25, 2009
National Regulatory Authority in the Field of Energy (ANRE) estimates average price for imported natural gas will stand at some 270 dollars 1,000 cubic m, as compared with 370 dollars the price estimates for the 2nd quarter, according to data released on the Authority's Web page.For the 3rd quarter, ANRE took a price for natural gas from domestic production standing at 45.71 lei MWh, unchanged from the previous quarter.The average unit cost of transportation via the National Transportation ...
Transelectrica to build 400 KV line to transfer wind power installed in Moldova
Thursday, June 25, 2009
Transelectrica will build a 400 KV electricity transmission line on the route Smardan-Vaslui-Iasi to transfer the wind power capacity installed in Moldova (country east), director of the Transelectrica Bacau power station Stefan Tibuleac on Tuesday told a press conference. 'Our target is to set in place a 400 KV electricity transmission line heading northwards from Smardan through the counties of Vaslui and Iasi and having the role of transferring the wind power installed in ...
Romgaz and Gazprom to talk the admittance of the Russian party to Roman-Margineni
Thursday, June 25, 2009
Representatives of the national gas producer Romgaz will meet in the second part of July with the representatives of the Russian gas giant Gazprom to establish the legal means to include the Russian part in the gas deposit Roman-Margineni, declared the Economy Minister Adriean Videanu. Videanu added he has already sent an address to the head of Gazprom Export, Aleksandr Medvedev, in this regard, but they have not yet established the meeting point. However, the memorandum between the two ...
OMV contemplating increasing supply of polymerised bitumen to Romania
Thursday, June 25, 2009
Austria's OMV oil corporation is considering increasing its supply to Romania of polymerised bitumen, according to a press release of the corporation.To do so, OMV is looking into the possibility of developing some additional production facilities, to be built and operated by a company other than OMV in Romania.'OMV has already supplied polymerised bitumen for the Formula 3 racing circuit of Bucharest, plus 8,000 tonnes for the Ploiesti Vest ringroad, under a contract concluded with PA&CO ...
Renewables 'could drive EU market integration'
Thursday, June 25, 2009
Renewable energy could spearhead regional market integration in Europe if member states were to take advantage of the cooperation mechanisms in EU renewables legislation, Eurelectric President Lars Josefsson told Euractiv in an interview. A binding target to satisfy 20% of EU's energy consumption from renewable energies as set out in the new Renewables Directive is already very challenging for the electricity industry, which will have to produce 35% of total electricity from renewables, an ...
Loan from UniCredit Tiriac, for a re-cycling factory in Buzau
Thursday, June 18, 2009
UniCredit Tiriac Bank granted GreenWEEE International a loan worth 5.63 million euros, for the commissioning, in Buzau (north-east of Bucharest), of the biggest factory supplying integrated services of treatment of integrated services of waste and electric and electronic equipment in south-eastern Europe for waste of treatment and processing in conformity with the one and two million euros.GreenWEEE is placed in the Buzau locality of Frasinu, with a total area of 10,795 m. The ...
Minister Blaga endorses continuation of activity at Baita Stei uranium pit
Thursday, June 18, 2009
Minister of regional Development and Housing Vasile Blaga on Friday said in Oradea (western country) that he was confident that the activity of the uranium pit at Baita Stei (western Romania) will continue. According to Blaga, the continuation of the activity in the pit it is necessary allowing for Romania's current and future energy strategy. 'The ore stays better in the mountain so that we use it when we need. I am confident the activity of the uranium pit will continue,' said the Romanian ...
Romania may become energy independent if it capitalizes mineral resources of Black Sea
Thursday, June 18, 2009
Romania might become autonomous from an energy point of view if it capitalizes the 800 million tonnes of hydrogen sulfide existing in the Black Sea, said last Friday at a TV channel Iulian Iancu, chairman of the Committee on Industries with the Chamber of Deputies. Iancu's statement occurs in the context of the confirmation of the transaction through which a company held by businessman Dinu Patriciu leased in 2008 a part of the continental shelf in the Black Sea. On the sidelines ...
ENEL to invest 150mln euros in Romania per year in 2009 and 2010
Thursday, June 18, 2009
ENEL company will invest 150 million euros in each of the years 2009 and 2010 in the distribution infrastructure, vice-president of Euroelectric and ENEL official Fulvio Conti announced in Monday.'ENEL will continue its investments in Romania, since this country's energy sector is attractive from this viewpoint. ENEL will invest 150 million euros per year in 2009 and 2010 in the distribution infrastructure', Conti told the Eurelectric conference.The investments will be ...
Craiova Energy Complex seeking partner for Isalnita power project
Thursday, June 18, 2009
The Craiova Energy Complex, one of the leading five local state-owned electricity producers, will select next week the foreign investor wherewith it will join forces in building and operating a new electricity producing unit in an investment estimated at 700 million euros, Constantin Balasoiu, director general of the complex, told Business Standard. 'The project will be a public-private partnership wherein the foreign investor will hold 51 pct. Three investors expressed interest so ...
Eurelectric: Romania has a low vulnerability in energy field
Thursday, June 18, 2009
Romania has a low vulnerability as for the challenges in the energy sector, at global level, because it has domestic resources which secures its power supply, stated on Monday vice-president of Eurelectric Fluvio Conti in the company-organized conference.'Romania holds domestic resources securing citizens and industrial consumption', added Fulvio Conti.Globally, the development of technologies, set to diversify energy sources and resources, is needed', Conti said.Eurelectric ...
Romania Must Be Prepared For Possible Gas Crisis - Econ Min
Thursday, June 18, 2009
Romania must find solutions to prevent a potential natural gas crisis during the winter, Economy Minister Adriean Videanu said Monday. "We must find solutions in case Romania faces a natural gas crisis during the winter period. We must make sure the entire gas storage capacity of 3.015 billion cubic meters is being used and that all this quantity will be further stored; we must also make sure that we provide enough stocks of fuel oil and coal," Videanu said. Videanu also said the ruling ...
Energy societies face financial blockage
Thursday, June 18, 2009
The economic crises starts to have an effect on the energy sector. Economy minister Adriean Videanu declared, at the end of one governing coalition session that, the main energy producers, including Romgaz, are starting to face financial blockage. Videanu urges for solutions to be found within two weeks. The blockage is the result of the fact that the expenses and incomes proposals were not approve for the majority of the energy companies. Thus, the societies "are allowed to spend ...
National Society of Lignite Oltenia is sending al its 9,000 staff into technical redundancy
Thursday, June 18, 2009
All staff working for the National Society of Lignite Oltenia (SNLO) will be sent into technical redundancy between June 15 and July 15. They will receive 75% of their salary, SNLO reps announce, cited by AFP. The decision was met after stock reached an extremely high level. SNLO leader Daniel Burlan said demands plummeted closed to zero, after several months of constant decrease. Deposits are high. The miners will receive 75% of their income and will return to work on July 15. Plus, the ...
Romania to build natural gas storage to counter potential gas delivery disruptions
Thursday, June 18, 2009
The Government will take all the necessary measures for a natural gas buffer supply equivalent to the total storage capacity of Romania, in order to counter future gas delivery disruptions, generated by a new round of disputes between Russia and Ukraine, ministry of economy, Adriean Videanu declared.“We’ve released a briefing on the talks handled by the Council of the European Union on energy issues, namely a fresh round of disputes between Russia and Ukraine, reason why we should find ...
Romania requests speeding up of cooperation actions with Gazprom
Thursday, June 18, 2009
The Romanian side in the Romgaz-Gazprom partnership requested Russia to speed up the cooperation actions for the projects in the energy field, Minister of Economy Adriean Videanu said after attending the Eurelectric Conference. 'On Monday I sent a letter to Gazprom vice-president Aleksandr Medvedev requesting the speeding up of the cooperation between Romgaz and the Russian company,' said Videanu. According to the official of the Ministry of Economy, this implies 'carrying out as rapidly as ...