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Energy & Environment
Competition Council examines the takeover of 10 MOL filling stations by Agip
Thursday, March 5, 2009
Competition Council is examining the economic concentration operation conducted by Agip Romania by the takeover of 10 filling stations and adjacent assets held by MOL Romania Petroleum Products, the competition watchdog announced. “Under the provisions of Competition law, the economic concentration operations that exceed the value threshold stated in the regulation shall be subject to examination and notified to the Competition Council. The procedures are conducted if the combined turnover ...
Transelectrica: Electricity consumption drops by 9.6 pc in 2009
Thursday, March 5, 2009
Romania's electricity consumption dropped by 9.6 percent over the first two months of 2009 than in the similar time span last year, grid Transelectrica sources say. 'It is no season effect, but the production consumption decreased,' Transelectrica general manager Adrian Baicus said at the Bucharest Stock Exchange (BVB), on Monday.The coming two months will be decisive for the electricity consumption in Romania, in 2009, and if the decrease registered in the first part of the year ...
Statistics: Supply of oil products, over nine million tonnes, Jan-Nov 2008
Thursday, March 5, 2009
Supply on the domestic market of oil products stood at some 9.11 million tonnes Jan through Nov 2008, read data from the National Statistics Institute.Exports totalled 4.68 million tonnes, at end Nov 2008. The production of oil products exceeded 13 million tonnes, and own consumption stood at 957,000 tonnes.For petrochemistry supplied were 406,000 tonnes, in the first eleven months last year, for electric and thermal power stations 338,000 tonnes and for international air transport 143,000 ...
Rombat Bistrita to enter energy generation sector
Thursday, March 5, 2009
Romanian-based car batteries producer Rombat Bistrita will this year enter the energy generation sector, planning to build several micro-hydropower plants. The company's investment budget for 2009 amounts to 10 million euros, and is to be directed towards building the micro hydropower plants and towards boosting the battery production capacity. "Micro-hydropower plants are the first step towards energy generation. We don't intend to acquire already built micro-hydropower plants. These are ...
MOL petrol stations: Flat income and lower market share despite 11% higher turnover
Thursday, March 5, 2009
MOL Romania, the domestic subsidiary of Hungary's MOL oil group, last year saw its turnover rise by 11% to 592m euros, from 533m euros reported in 2007, but its net income stagnated at some 12m euros. Despite last year's 2% higher sold volumes, the company's market share shrank from 12.8% to 10.7% as its product portfolio was reduced following the elimination, starting last April, of leaded petrol, at a much earlier date compared with the other players on the market. "The rising turnover was ...
Petrom: Black Sea exploration, 70 times more expensive
Thursday, March 5, 2009
Petrom, the petroleum company which has exploration rights over two 14,000 square-kilometre blocks in the Black Sea, says that in some cases costs for extracting deepwater resources can be as much as 70 times higher than for extracting onshore resources. This is a very risky game, with experts saying that the odds of success are of some 20%, and that the results show in 3-5 years' time. In order to develop one of the two blocks that Petrom has in the Black Sea, specifically Neptun, the ...
Govt approved Emergency Ordinance on housing energy efficient rehabilitation
Thursday, March 5, 2009
The government adopted on Wednesday the Emergency Ordinance on enhancing energy efficiency of apartment blocks built by designs dating from the 1950 - 1990 period. 'We pursue in the first place cutting the consumption of conventional fuel used to prepare the heat agent, reducing greenhouse gas emissions, cutting expenses with residential winter heating as well as costs with summer air conditioning, and of course, improving the urban aspect of localities,' said Minister of Regional ...
Hidroelectrica extended the sale period of 10 micro-hydro power stations
Thursday, March 5, 2009
Hidroelectrica extended for the second time the period for bid presentation for the sale of a group fo 10 micro-hydro power stations, initially presented for sale in October 2008 until 27 March 2009, according to the data presented on the company site. The deadline for the bids was extended up to 27 March, 12:00 as a result of the request of the companies involved in the bid, the company says. Previously, the deadline for bid presentation for the 10 micro-hydropowerstations (MHC) for the ...
Diaconescu ascertained German support for the Nabucco pipeline
Thursday, March 5, 2009
The Romanian Minister of External Affairs, Cristian Diaconescu, held talks last week with his German counterpart, Frank-Walter Steinmeier, on German support for the Nabucco project, with both officials agreeing that the two countries must support steps to promote a joint European energy sector policy, in order to ensure the securitization of energy of European Union member states.“I wish to draw attention to Germany’s support for the Nabucco project, which we consider essential for Europe’s ...
CO2 emissions from electricity production, 496 gkWh, in 2008
Thursday, February 26, 2009
Carbon dioxide emissions from electricity production hovered in 2008 around 496 gkWh, the highest emissions volume being those generated by coal heating stations - 1,050 gkWh.Radioactive waste resulted from electricity production accounted for 0.02 gkWh, according to statistical data published by the National Authority for Energy Regulation (ANRE).According to National Statistics Institute data, in 2008, electricity resources provided 65.556 billion kWh.The highest ...
Demand for natural gas estimated at 17.389 million MWh in February
Thursday, February 26, 2009
Total demand for natural gas in February was estimated at 17.389 million MWh, with the domestic production being expected to ensure 74.47 percent of this need, with the import to provide 25.35 percent, according to the Transgaz report to the National Regulatory Authority in the Field of Energy (ANRE).The demand on the captive market was put at 7.993 million MWh, out of which 5.051 million MWh are for active consumers, with the demand on the eligible consumers market having been estimated at ...
Minister Videanu praises EU response to natural gas crisis
Thursday, February 26, 2009
Economy Minister Adriean Videanu, who attended a meeting of the European Union Council on energy issues in Brussels on last Thursday, praised during the debates the manner in which the European Union had responded to the natural gas crisis, proving the member states can voice a unitary stand. The initiatives focused on diversifying the sources and transport routes, also by developing inter-connections and the gas storage capacities are in accordance with the Romanian energy policy, he ...
Romania could derive 1 billion euro from trade in carbon emission rights
Thursday, February 26, 2009
Romania could derive almost 1 billion euro each year because the carbon emissions of its industries are 40 percent under the limits provided for under the Kyoto Protocol. The value has been confirmed by officials of the World Bank in Washington during a conversation with Chairman of the Committee on Industries and Services of the Romanian Chamber of Deputies, the lower chamber of Parliament, daily Jurnalul national reports.'I had a conversation with Prime Minister Emil Boc about ...
Diaconescu: Romania's projects to allow diversification of gas supply sources
Thursday, February 26, 2009
Romanian Minister of Foreign Affairs Cristian Diaconescu welcomed on Monday the European Commission's proposal to finance European projects in energy field, the amount advanced by EU executive forum for Nabucco project amounting at 200 million euros.According to Agerpres, the Chief of Romanian diplomacy, attending the EU General Affairs and External Relations Council (GAERC) in Brussels, presented a set of proposals set to be financed within the European programme for economic ...
Low temperatures and industrial consumption hike gas imports
Thursday, February 26, 2009
Romanian companies dealing in the natural gas import will have to import by up to 25 percent of the total volume used in the domestic system until the end of February, from 22 percent early this month.The decision was taken at a meeting, on Monday, February 23, with representatives of the Committee for emergency situations with the Economy Ministry.The low temperatures and the fact that the fertilizer industry has become operational, the gas pressure has dropped, which ...
Most profitable state energy companies
Thursday, February 26, 2009
The largest energy companies, Electrica, Transelectrica, Nuclearelectrica, Romgaz, Transgaz, Hidroelectrica and the thermal energy plants, still part of the Romanian state portfolio, enjoyed turnover in 2008 worth over 5.4 billion euro, with growth mostly due to a rise in electricity prices, and gross total profit in excess of 782 million euro, according to centralized data compiled by Business Standard, based on preliminary information reported by companies. Electrica claims top ...
Petrom puts off plans to retool Petrobrazi refinery for two years
Thursday, February 26, 2009
Petrom oil company, held by Austrian OMV group will put off the completion of modernization works at Petrobrazi refinery for two years, until 2012, the company saying in a prior statement that the works would be completed in 2010, said the CEO of Petrom, Mariana Gheorghe.The postponement, Mariana Gheorghe added, is due to the poor market conditions triggered by the current financial crisis. “The year 2009 will be a great challenge. We expect ongoing pressures exerted on the price of crude ...
EU energy regulation 'at a turning point'
Thursday, February 26, 2009
European energy market integration is happening, albeit slowly, Lord John Mogg, president of the European Regulators Group for Electricity and Gas (ERGEG), argued in an interview with EurActiv Czech RepubliMogg said the winds are turning for European energy regulators, with the EU in the process of negotiating the powers and roles of the EU's upcoming Agency for the Cooperation of Energy Regulators (ACER).As opposed to existing organisations, which represent individual national authorities, ...
Oil Terminal profit down 6.6 times in 2008
Thursday, February 19, 2009
The net profit of Harbor operator Oil Terminal Constanta dropped 6.6 times last year, against 2007 to 1.105 million lei, according to preliminary financial data made public by the Bucharest Stock Exchange.Oil Terminal last year cashed in 136.98 million lei and spent 135.422 million lei. The company's turnover stood at 134.573 million lei, by 9 percent more than the one in 2007. On December 31, the company had debts worth a total 30.306 million lei and had to retrieve 18.379 million ...
Economy Ministry: The situation at coal power stations is under control
Thursday, February 19, 2009
The situation at coal power stations and coal storage facilities is being controlled and the developments in the environmental projects conducted to cut pollution are regularly reported on, State Secretary with the Economy Ministry (ME) Tudor Serban told Agerpres on Friday.The UK, Poland, Spain, France and Romania are topping the list of countries that will have to close down by 2015 their coal power stations to get in line with the Community legislation concerning acid ...