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Energy & Environment
Serbia reviews plans to sell state oil company NIS to Gazprom
Thursday, March 20, 2008
The new Serbian government will revise the agreement made with Gazprom for the sale of its state energy company NIS, Serbian Economy minister Mladjan Dinkic announced, quoted by Russian electronic daily Gazeta. In his opinion, the documents do not reflect Serbian interests.Dinkici argued that negotiations need to be continued until both parties find a common stand. Parliament speaker Oliver Dulic announced this weekend that the agreement with Gazprom would not be accepted nor ratified, since ...
Ciocanea: Romania plans to request compensations in negotiations for CO2 emissions for 2013-2020
Thursday, March 20, 2008
Romania prepares a set of compensatory measures to put forward during EU negotiations for CO2 emissions during 2013-2020 included in the energy package, European Affairs Department head Adrian Ciocanea said in a press conference on this Monday. However, concerning the lawsuit Romania opened against the European Commission on the CO2 quota emissions until 2012, Ciocanea said that he had yet to receive a sign from the European court currently dealing with the issue.Ciocanea said Romania was ...
Romanian Wind Pwr Producers Urge Amendments To Regulations In The Field
Thursday, March 20, 2008
The Romanian Association of Wind Power Producers urges amendments to the regulations authorizing the construction of wind-power plants, given the increase in the number of investors expressing interest in the field, but who are discouraged by the regulations imposed by the country’s Civil Aeronautic Authority (AACR). The vice-president of the association, Virgil Tanase, Monday told a press conference that the current authorization procedures applied by the aeronautic authority "include ...
INS: Natural gas price rises to 32.12 leiGigajoule, last year-end
Thursday, March 20, 2008
Natural gas price rose to 32.1281 lei per Gigajoule (GJ) at the end of Q2 last year, compared to the level of 30.7458 lei per Gigajoule on July 1, 2007, according to centralized data of the National Institute of Statistics (INS).For household consumers, with a consumption ranging between 20 and 200 Gigajoule per year, the price reached 31.7525 lei, whereas for the household consumers with a consumption in excess of 200 GJ per year the price rose to 31.1342 lei.Among the five categories of ...
Energy sector contracts lead to a €90 mln increase in EnergoBit business
Thursday, March 20, 2008
Electrical equipment producer EnergoBit Cluj-Napoca posted €90.4 million in turnover last year, 75 percent higher than 2006. Last year, the group had contracts with national electricity transporter Transelectrica, national electricity distributer Electrica and its Electrica Transilvania Nord branch, but also with private investors. According to Vice President Pal Peter, the largest contract was that with the Polus Commercial Center in Cluj-Napoca.EnergoBit officials estimate a turnover ...
Rompetrol business turnover to advance to $10-12 billion in 2008
Thursday, March 20, 2008
The Rompetrol group of oil companies is eyeing a 2008 business turnover of $10-12 billion, up from $7 billion in 2007, Rompetrol CEO Dinu Patriciu said on Wednesday.According to him, the increase in the turnover will be the result of a rise in the group's oil trade volume to over 7 million tonnes of crude and 8 million tonnes of fisnished good that cover 13 countries.The group's Dyneff subsidiary is expected to contribute 20 percent toward the group's 2008 turnover.On Wednesday, Rompetrol ...
Romanian Govt Oks Electrica Muntenia Sud Sale To Italy’s Enel
Thursday, March 20, 2008
The Romanian Government has approved the privatization of Romanian regional power distributor Electrica Muntenia Sud to Italy's utility Enel SpA (EN), Prime Minister Calin Popescu Tariceanu said Wednesday.The Romanian authorities agreed to sell the Romanian company to Enel in 2006, but the finalization of the process was postponed several times on technicalities. The deputy president of Romania’s privatization authority AVAS Laszlo Gyerko said earlier this month that the finalization of the ...
Surveys: EU public worried about food prices, climate change
Thursday, March 20, 2008
Europeans are increasingly concerned about climate change and think EU agricultural policies are failing to address rising food costs, according to two new Eurobarometer surveys published 13 March. Three quarters of Europeans also say they are ready to pay more for greener goods, but few have actually done so, the surveys found. "Since climate change is already associated with the concept of environment in general, it is not surprising that it ranks as a top concern among Europeans, with ...
Feasability study for the submarine cable between Romania and Turkey finalized in 2009
Thursday, March 20, 2008
The contract for the feasibility study regarding the electrical cable to unite Romania and Turkey will be signed in June with the company to get the bid and the study will be finalized in March 2009, stated, according to NewsIn, the general manager of Transelectrica, Stelian Gal. « Transelectrica and TEIAS, the similar company for transport electrical energy in Turkey works together for the development of a project regarding a new interconnection in the submarine cable », « 400 kV HVDC Link ...
Fuels, 30 percent more expensive in past twelve months
Thursday, March 13, 2008
Petrom, the biggest oil company in Romania, and Rompetrol, controlled by KazMunayGas group in Kazakhstan, raised by 30 percent the price of fuels in the past twelve months, the average price of petrol now stands at 3.7 RONl, or one euro, and that of diesel fuel at 4.25 RONl, or 1.15 euro.In 2008, Petrom rose the prices three times, with the international crude oil prices continually rising, too.Rompetrol, the second biggest operator in the market, sets prices every week.Since the ...
Petrom and Romgaz want to enter Azerbaijan oil and natural gas market
Thursday, March 13, 2008
Romanian companies Petrom and Romgaz voiced interest in entering the Azerbaijan crude oil and natural gas market, Secretary of State with the Ministry of Economy and Finance Viorel Palasca announced on Wednesday.Representatives of the Romanian Economy Ministry and the Industry and Energy Ministry from Azerbaijan signed on Wednesday a strategic partnership on the energy sector. 'Among the intentions of cooperation between Romania and Azerbaijan there is also the participation in the ...
Schneider Electric Romania posts 30 percent growth in business
Thursday, March 13, 2008
Schneider Electric Romania, electricity distribution and industrial control solutions and equipment provider, posted 65 million euros in business in 2007, 30 percent higher year-on-year. The main growth engine was building automation segment, where the company registered 140 percent growth. The integrated and control system segment rose 60 percent, while industrial automation registered 40 percent growth. The company currently has 400 offices countrywide and plans to open a further 100 ...
Romania to allocate over 100M euros to Danube Delta, by 2013
Thursday, March 13, 2008
Romania will allocate over 100 million euros to the Danube Delta (southeast), through the European Fisheries Fund (EFF), which is to be the biggest financial investment Romania has made per capita, chairman of the National Agency for Fishery and Aquaculture (ANPA) Gheorghe Stefan told a news conference .Taking into account that about 14,000 people are living in the Danube Delta's wetlands, this is by far the biggest financial investment Romania has made per capita, Stefan pointed out, ...
Romania’s Jan Pwr Output Up 6.9% On Yr, Resources Decrease 4.2%
Thursday, March 13, 2008
Romania’s power output rose 6.9% on the year in January, while the country’s power resources fell 4.2% on the year in the first month of 2008, the National Statistical Institute, or INS, said Thursday.Power output grew to 2.2 million tons of oil equivalent in January, while the country’s power resources reached 3.56 million toe in the same period, the INS said. The decrease in the power resources was due to a 17.8% decline in imports in January, the INS said.Romania’s energy capacity ...
Gas market up to €6 bln in 2007
Thursday, March 13, 2008
The local natural gas market increased some 10 percent last year, up to €6 billion, due to a rise in prices, according to a Director of the Romanian Energy Regulatory Authority (ANRE), Gabriel Sirbu, for Business Standard.Headded that gas consumption declined last year by 1 billion cubic meters, down to 16.4 bln cubic meters, due to a milder winter and an attempt by Romanians to spend less by using less natural gas.Of the domestic production, 11.6 bln cubic meters were consumed, while a ...
ANRE Grants Power Trading License To Distrigaz Sud
Thursday, March 13, 2008
Romanian Energy Regulatory Authority, or ANRE granted local gas distributor Distrigaz Sud electric power trading license, the company said in a statement Friday."ANRE granted the license Thursday," Distrigaz Sud PR representative George Carpov said.Distrigaz Sud has not provided additional data but added the company’s owner, French utility Gaz de France, sells gas as well as electric power on the market.Distrigaz Sud operates a network of 14,500 kilometers of pipes throughout 19 counties, ...
Erste is Petrom's eighth-largest shareholder
Thursday, March 13, 2008
Austrian lender Erste Bank owns stocks in the major companies listed on the Bucharest Stock Exchange (BVB), through its asset management division. According to data provided by the bank, its most significant participation is in oil giant Petrom, Romania's largest company. Erste Sparinvest, the Austrian group's investment company, owns 61.37 million Petrom shares, or 0.11 percent of the oil company, worth €6.6 mln according to yesterday's quotation. As such Erste is Petrom's ...
Economy Minister: Domestic and import gas price must not converge
Thursday, March 13, 2008
The Minister of Economy and Finance Varujan Vosganian told the deputies with the Commission for industries and services on Tuesday that Romania must not harmonize the price of domestic natural gas with the import gas price.President of the National Regulatory Authority in Energy (ANRE) Gergely Olosz said that the Senate adopted the delay to natural has price harmonization until 2012.'There is no obligation from the European Commission to harmonize the domestic production prices with the ...
ENEL – Electrica Muntenia Sud, finalized in April
Thursday, March 13, 2008
The transaction through which the Italian group ENEL will take control over Electrica Muntenia Sud will be finalised by the middle of next month, after the government approves a decision during this month, Laszlo Gyerko, vice-chairman on privatisation in AVAS informed, quoted by Mediafax. According to him, over the period to come the AGM will be summoned both for Electrica and for Electrica Muntenia Sud to approve some measures from the privatisation contract. At the same time, the ...
Deputies in the Industries Commission will not eliminate cyanides in mining exploitations
Thursday, March 13, 2008
The Industries Commission in the Deputies’ Chamber rejected on Wednesday an amendment to ban cyanides from mining exploitations. The proposal, coming from senator Gheorghe Funar (PRM) and Peter Eckstein Kovacs (UDMR) was rejected on the basis that it would be a problem for companies having at present exploitation contracts using cyanides. The amendment included the elimination of cyanides in mining exploitations was rejected with the votes of deputies PDL and PSD. In compensation, the ...