RSS
Energy & Environment
Rompetrol expands petrol stations' network
Thursday, May 28, 2009
Rompetrol Downstream, the retail division of oil group Rompetrol will continue expansion this year, too, when according to the company's representatives the fuel consumption might go down 20 percent. Therefore, according to daily Ziarul Financiar, Rompetrol Downstream aims to build 75 selling points, most of them being internal bases, namely fuel reservoirs placed in the big consumers' yards. In the first four months of the year, the company opened 14 new petrol stations, five own ...
Turceni: Recession hits power production
Thursday, May 28, 2009
CE Turceni’s production dropped in first quarter by 17.4% down to 1,455 GWh due to economic crisis, while company expects a sharp reduction in net profit.“The electricity produced in first quarter stood at 1,760 GWh. The power delivery to the national grid fell in 2009 due to lower consumption amid recessionary times”, power supplier said.The representatives of CE Turceni said the sales of electricity at CE Turceni are adjusted to market demand, correlated with the offers of other ...
World Bank sees key role for offsets in post-Kyoto deal
Thursday, May 28, 2009
Emissions offsets will play an important role in any future global climate deal, but it will be necessary to scale up the climate efforts and move from projects to programmes, Joëlle Chassard, who manages the World Bank's carbon finance unit, told EurActiv in an interview. "We expect that international offsets will continue to be part of the future landscape, mainly as a way to encourage and provide financial incentives to developing countries to undertake climate change mitigation ...
Romania's Ruling Coalition To Discuss National Energy Strategy
Thursday, May 28, 2009
The Romanian ruling coalition leaders met Monday in weekly session for talks about the country’s energy strategy, which will be later discussed by the government and the country’s National Defense Council CSAT, Prime Minister Emil Boc said Monday.Late April, Romanian economy minister Adriean Videanu presented CSAT a report including updates to the country's Energy Strategy for 2007-2020 and measures for the reorganization of state-owned energy companies, which will be approved after it is ...
Videanu: We have orders for 18,000 MW renewable energy
Thursday, May 28, 2009
Romania has orders for 18,000 MW renewable energy from the private sector, given that only a part of Romania's potential has been capitalized on, Economy Minister Adriean Videanu said Tuesday at the Europe-Russia Economic Forum staged in Bucharest.Videanu stated that Romania can prove it is a balanced factor for the neighboring area in terms of energy, by capitalizing on the renewable energy, the wind energy, the solar energy and the hydro energy, as only 48 percent of the country's ...
Natural gas consumption, down 19.5pc January through May 26, 2009
Thursday, May 28, 2009
Natural gas consumption in Romania declined 19.58 percent January 1 through May 25, 2009, compared with the similar period of the year before, Chairman of the National Energy Regulatory Authority Petru Lificiu told the Chamber of Deputies' Committee on Industry and Services in a hearing on Tuesday.'Natural gas consumption was down 19.58 percent January 1 through May 25 compared with the same period of the year before. The decline in April was 33 percent,' said Lificiu.Lificiu also said that ...
Romanian Lignite Mining Co May Suspend Prod For 30-Day
Thursday, May 28, 2009
Romania’s state-owned lignite mining company SNLO may suspend production for a 30-day period as of June 15, on falling demand for coal, the company said Tuesday. SNLO’s employees will receive 75% of their gross wages, plus seniority bonuses. SNLO’s management, economy minster Adriean Videanu, minister of finance Gheorghe Pogea and the president of the National Agency for Tax Administration Sorin Blejner will approach this issue on May 31. The heads of SNLO’s trade unions will also attend ...
Romania To Build 2nd Nuclear Pwr Plant In Transylvania
Thursday, May 28, 2009
Romania’s second nuclear power plant will be located in the central part of the country, in Transylvania, and construction works will start in autumn, economy minister Adriean Videanu said Tuesday. "Several European companies are interested in this project, including Russian ones. We will settle its location in the fall," Videanu said during the Europe-Russia economic forum. Earlier Tuesday, Videanu has said the construction works on a new nuclear plant will start in autumn. "In autumn, we ...
Romania will discuss with the IMF and EC the debt cancellation of CNH and SNLO
Thursday, May 28, 2009
Romania is discussing with the IMF and the EC canceling the debt in the case of the companies that might be included in the two large integrated energy entities, Romanian minister of Economy Adriean Videanu said . He denies that this option could trigger a procedure for breaching the EU agreements. It could be done under the allowed state support scheme he reckons, adding that there are sufficient arguments to convince the European Commission.The Economy minister was referring to ...
Romania to build new hydroelectric plant on Danube River
Thursday, May 28, 2009
Romania will choose by the end of the year the location for having a new hydroelectric plant built on the Danube River, Economy Minister Adriean Videanu said. Several locations will be considered such as Macin (Tulcea county - east) or Turnu Magurele (Teleorman County, south). Macin would be the most efficient location because it also increases the Danube's navigability potential, reads the Business Standard daily quoting Minister Videanu as saying also specifying that it had been already ...
Romanian Energy, Chemical Plants To Use Only Local Gas For 6 Mos – Draft
Thursday, May 28, 2009
Romanian electricity and thermal power producers and chemical plants will receive, in the May 1-September 30 period, only natural gas from local producers, which is cheaper compared with the imported gas, in order to better deal with the economic crisis and avoid laying off 9,000 employees.According to an emergency ordinance draft obtained by MEDIAFAX, the decision would allow the supply with exclusively local produced gas, at a lower acquisition price, to permit these industries ...
Romgaz and Gazprom pool efforts to build gas deposits and thermal plants in Romania
Thursday, May 28, 2009
Romania's state-owned gas supplier Romgaz and Russia's gas giant Gazprom could form a joint venture to build gas storage deposits and thermal plants in Romania, declared the Romanian Economy Minister Adriean Videanu at the Europe-Russia Economic Forum.The joint venture will be equally owned by the two companies, which will share the investments and profits accordingly. Videanu told NewsIn last week that Romgaz could collaborate with Gazprom for the 600 MW electrical power plant in Iernut, ...
Vladimir Socor :South Stream Proj, A “Bluff” With No Chances To Succeed
Thursday, May 28, 2009
Gas pipeline project South Stream, promoted by Gazprom, is a "bluff" with no chances to succeed, as it lacks funds and gas resources, unlike Nabucco project, which has better perspectives, Vladimir Socor, analyst of US Foundation Jamestown, said Wednesday at the Europe-Russia economic forum. Socor added that South Stream costs, estimated at 19-24 billion USD, are also "absurd", mentioning a statement of Russian President Dimitri Medvedev in this respect.In the analyst’s opinion, Russia is ...
Analyst: Romania's Margineni Gas Storage Unit More Likely To Be Built, In Line With Russian Strategy
Thursday, May 28, 2009
The construction of the gas storage facility in Margineni, eastern Romania, has now more chances to be realized than in the past, as the project is in line with Russia’s strategy of developing such units abroad, Wednesday said analyst Vladimir Socor during the Europe-Russia economic forum. "Russia targets the construction of gas storage facilities west of Ukraine, and thus it started such talks with Hungary, Austria, Serbia, and now with Romania. The project in Margineni has a good chance to ...
Videanu: Russia’s request on technical help to build South Stream, not an invitation to join the project
Thursday, May 28, 2009
Russia’s request to get technical support from Romania in carrying out drilling works in the Black Sea in a bid to construct the South Stream pipeline is not an invitation for Romania to join the project, Economy Minister Adriean Videanu last week told NewsIn. Videanu said that the deal inked in Moscow with Gazprom representatives includes neither Romania’s participation in the South Stream pipeline, nor the renouncing of the main objective, Nabucco pipeline. Gazprom is likely to have ...
Russia adds final pieces to 'South Stream' puzzle
Thursday, May 28, 2009
By signing agreements with Austria and Slovenia, Russia has edged closer to finalising the legal framework for its 'South Stream' gas pipeline to Europe, a rival to the European Union-backed Nabucco project. Slovenia will sign the deal in June, Slovenian Economy Minister Matej Lahovnik announced in Ljubljana on 22 May. Austria's economy ministry also confirmed talks were ongoing, but declined to say at which stage the talks were. Despite the Nabucco rivalry, Russia also said it wants the ...
Consumption of natural gas exceeds 34 million MWh in two months
Thursday, May 21, 2009
Consumption of natural gas totalled 34.286 million MWh in January-February 2009, in Romania, with 17.578 million MWh having been consumed in January and 16.707 in February, according to data released on the Web page of the National Regulatory Authority in the Field of Energy (ANRE).The domestic production of natural gas for consumption in February 2009 represented 77.45 percent of the total resources. The first two producers on the market - Romgaz and Petrom - covered together ...
Cernavoda nuclear power plant puts out almost 1mln MWh in Apri
Thursday, May 21, 2009
The two units of the Nuclear Power Plant (CNE) in Cernavoda (south-east) put out 990,073 MWatthour, in April and supplied 912,760 MWh to the National Energy Grid at an average capacity factor of 100.11 percent, Nuclearelectrica Web page reads.Unit 1 put out 514,733 MWh and supplied 473,937 MWh to the Grid and Unit 2 put out 475,340 MWh and delivered 438,823 MWh.Unit 1 made 2.053 million MWh and delivered 1.89 million MWh of them to the Grid, while the Unit 2 made 1.997 million MWh ...
Transelectrica’s Q1 profit slumps 42%
Thursday, May 21, 2009
Power supplier Transelectrica (TEL) scored a net profit of 47.26 million lei during the first three months of the year, 42 percent less than the similar period last year, as business compressed by 12 percent, according to the financial results sent to Bucharest Stock Exchange, NewsIn informs.The net profit corresponding to the first quarter of 2008 stood at 82.19 million lei. The turnover reached 691.26 million lei by March, ducking 12 percent under that registered last year, of 788.16 ...
Conpet reports 7.3 mln lei in profit, in Q1
Thursday, May 21, 2009
Conpet Ploiesti reported in the first quarter of this year a net profit of 7.307 million lei (some 1.7 million euros), 21 percent lower than in the similar period of last year, according to data remitted to Rasdaq.Over Jan. - March 2009, the company's financial position was affected by the reduction of the transported crude oil, gasoline and ethane quantities by 849,000 tons, leading to a loss of 12.953 million lei.With an existence of more than a century under various names and ...