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Energy & Environment
Romania 13th biggest polluter in Europe and 33rd worldwide
Thursday, November 22, 2007
Romania ranks the 13th among Europe's polluters, with 34.5 million tonnes of CO2 released per year, Carbon Monitoring for Action (CARMA) data say.The top position is held by Germany, with 356 million tonnes, followed by UK with 212 million tonnes and Poland, with 166 million tonnes. Worldwide, Romania ranks the 33rd.The United States are the highest international polluter, with 2.79 billion tonnes of CO2 per year, followed by China (2.68 million tonnes) and Russia (661 million tonnes).The ...
Romania to reduce proportionately CO2 allocations
Thursday, November 22, 2007
Romanian authorities' decision is to reduce the CO2 emission quotas for each economic operator proportionally with the decision of the European Commission to cut these emissions, stated on Tuesday Dumitra Mereuta, Director in the Ministry of Environment and Sustainable Development (MMDD), present in a forum tackling environment issues.'This decision is up to the Romanian authorities. The European Commission is just asking for a reduction level for each country, but the modality to attain ...
Privatisation in energy sector to be launched in 2008
Thursday, November 22, 2007
The map of privatisations in the energy sector to be made in 2008 should be finished by the end of this year, Ministry of Economy and Finance Varujan Vosganian told a press conference on Tuesday.He also added that he met chairman of the State Assets Realization Authority (AVAS), Teodor Atanasiu on Monday, with whom he discussed the need to make a precise inventory of all the units in the energy sector which can be put up for privatisation.'While 2007 has been the year of energy strategies, ...
Romania seeks to attract foreign partner for integrated energy company
Thursday, November 22, 2007
The Romanian Government seeks to attract a foreign partner to achieve an integrated state company to re-group the energy production, distribution and transport, in the same way that the privatisation of the Romanian Commercial Bank BCR was achieved, Prime Minister Calin Popescu-Tariceanu said in a video recorded message on last Tuesday to participants in the Energy Forum staged by ForumInvest.'The integrated company will not become a market colossus, since it will be conceived in such a ...
Constanta-Trieste oilpipe could be extended up to Marseille
Thursday, November 22, 2007
The oilpipe Constanta-Trieste could be extended up to Marseille, said on Friday in a seminar on energy organized by Focus Energetic magazine director general with Romanian Ministry of Economy and Finance Alexandru Sandulescu.'The European Commission analyses the possibility of extending the oilpipe up to Marseille, with a view to increasing the efficiency of the project,' said Sandulescu.Romania is among the five countries participating in the construction of Constanta-Trieste oilpipe. ...
BERD, interested in financing Nabucco project
Thursday, November 22, 2007
The European Bank for Reconstruction and Development (BERD) is interested in financing the construction of Nabucco gas pipe, Serban Ghinescu Deputy Head of BERD Office in Romania said.'We are interested in a project such as Nabucco, but we cannot say how much of it we are going to finance. Anyway, the BERD interior policy forbids the financing of more than 35 percent of such a project,' Ghinescu said.As regards the setting up of a national energy company, he said he was waiting for the ...
Possible auctions within Nabucco project in Q1, 2008
Thursday, November 22, 2007
The auctioning of the transport capacity within Nabucco project might start in Q1 of 2008, Transgaz general manager Ioan Rusu said in a news conference on Tuesday.Nabucco project represents a new natural gas transportation pipe to connect the Caspian Sea, the Middle East and Egypt, via Turkey, Bulgaria, Romania and Hungary to Austria and the Western European markets.Transgaz is one of the five big companies included in the project, with a 20 percent participation.Making this investment ...
Ukrainian government approved drilling works near Serpents Island
Thursday, November 22, 2007
The Ukraine government approved a drilling plan for the natural gas resources on the Black Sea continental shelf. While it is only a project, it involves the construction of some drilling units off the Black Sea coast not far from the Serpents Island, which is a subject of dispute with Romania, Segodnia daily informs.The natural gas deposit is only 50 km east from the Island and by the end of 2008 the plan is to extract some 1 billion cubic meters of natural gas. The cost of the project ...
Vosganian considers that some thermo power plants and the Lignite Company could be listed
Thursday, November 22, 2007
The minister of economy and finances Varujan Vosganian stated on Tuesday that, besides the listing on the stock exchange for Hidroelectrica, Nuclearelectrica and Romgaz there is also the possibility to list some thermal power stations and the National Lignit Company Oltenia ( SNLO). “ I consider that Hidroelectrica and Nuclearelectrica will be well prepared to be listed and Romgaz is prepared to be listed, as regards the interest on the market and final results. We try to list thermal power ...
Gaz de France could invest in pipeline to Szeged and Russe
Thursday, November 22, 2007
Gaz de France (GDF) is interested to invest in Arad – Szeged and Giurgiu – Russe pipelines stated on Wednesday the vicechairman for the international division of GDF Jean Francois Carriere, who is present at the energy forum organized in Bucharest. “ We are interested in the interconnection between Romania and Hungary and Bulgaria respectively, as it would lead to a better flow and a better customer portfolio. At present, we have almost 800,000 clients in Hungary” Carriere said. He did not ...
Set up of national energy company
Thursday, November 22, 2007
The government will discuss next week about the set up of the future national energy company to gather producers and the last state-owned distributors in the energy sector. More precisely, the agenda includes the analysis of the study on the basis of which the companies will be chosen to be kept as state-owned and will get in the structure and which companies will be privatized. The project regarding the setup of the national energy company- included in the national energy strategy – was ...
EBRD: Large-size energy company could have adverse effects on Romania's projects
Thursday, November 15, 2007
The establishment by the Romanian state of a large energy company could have adverse effects on other energy projects, Louis Bordo, responsible with the EBRD energy department, told the Emerging European Energy Summit last week. In his opinion, the concept presented by the authorities in Bucharest is too general and lacks specific elements. Moreover, Bordo believes conditions will revert to a monopolistic situation that would be far from beneficial for a boost in competitiveness. The EBRD ...
Russia to increase natural gas delivered to Romania by 20 pct
Thursday, November 15, 2007
Russia's obligations to Romania, as stipulated by contract, regarding the delivery of natural gas this year amount to 6.2 billion cubic meters, by nearly 20 percent more than the quantity delivered last year (some 5 billion cubic meters), visiting Russian Information Technology and Communications Minister Leonid D. Reiman told a news conference on last Thursday. He said the Russian side is ready to achieve design works on commercial bases in the Romanian energy sector, to build or upgrade ...
Feasibility study on Margineni gas storage facility completed by mid-2008
Thursday, November 15, 2007
The feasibility study on the Margineni gas storage facility built by Romgaz Medias and Gazprom might be completed by mid-2008, Romgaz development director Gheorghe Radu, who attended the Emerging Europe Energy Summit, stated on last Thursday. 'Working out such a study usually takes six months. The feasibility study will probably be ready at the end of H1 2008,' said Radu, who mentioned that the sides will resume meetings to establish the parameters of the construction.According to Gheorghe ...
Romania could become hub for gas, crude oil and electricity transit
Thursday, November 15, 2007
The energy demand will increase in the European Union for the next years, and the dependence from Russia could grow from 50 to 75 percent, which means that Romania could become a hub for the transport of gas, crude oil and electricity, say analysts attending the conference 'Romania's Agenda: Regional Development and Trans-Atlantic Investment', held in Washington, reads a release of the Romanian Chamber of Trade and Industry.Romania can become a route of alternative transport for the Nabucco ...
Parliament demands new negotiations for Petrom privatization contract
Thursday, November 15, 2007
The privatization of the national oil operator, Petrom, bought by OMV in 2006, is considered by the Senate as disadvantageous for the Romanian state. The senatorial commission investigating the privatization demanded new negotiations for the contract and asked the enabled authorities "to establish the legality and, where there's the case, the responsibility for this privatization".According to the Commission, Petrom was under evaluated, the fiscal regime is a preferential one and the annual ...
Energopetrol's net profit, up 30pc
Thursday, November 15, 2007
The net profit of the Energopetrol company specialising in oil and gas installations and services has exceeded RON 156,995 in the first nine months of 2007, which is an increase by 30.14 percent from the similar period of the year before, according to financial statements submitted by the company to the Bucharest Stock Exchange (BVB).The company's business turnover in the same interval was RON 14.3563 million (1 euro = RON 3.44), up 30 percent from the same period of the year before.The ...
Statkrast wants to invest in hydroelectric power stations in Romania
Thursday, November 15, 2007
The Norwegian company Statkrast wants to invest in Romania in projects for the development of hydroelectric power stations with over 100 MW production capacities, regional manager of the company Terje Martin Sletten told Rompres on Tuesday.'We intend to join the hydroelectric power market in Romania and invest in projects meant to modernize and finalize hydroelectric power stations as well as in greenfield projects. We are interested in building and operating hydroelectric power stations ...
All six bids for Reactors 3 and 4 of Cernavoda plant approved
Thursday, November 15, 2007
All the bids tabled by six companies for the building of Reactors 3 and 4 of the nuclear power plant at Cernavoda, eastern Romania, were approved on Monday by the Inter-ministerial Council of Coordination from the Ministry of Economy and Finance, said on Thursday, Secretary of State at the Ministry of Economy and Finance Darius Mesca, who participated in the Emerging Europe Energy Summit.'The six bids met the selection criteria and were approved on Monday by the Inter-ministerial Council', ...
65,000 nuclear pallets produced for Cernavoda nuclear power plant
Thursday, November 15, 2007
The 65,000th nuclear pallet was produced on Tuesday for the Cernavoda nuclear power plant, eastern Romania, at the Nuclear Fuel Factory in Pitesti, southern Romania. Spokeswoman for the National Company Nuclearelectrica Mihaela Stipol told Rompres that the 65,000 pallets include 1,235 tonnes of natural uranium, and the energy resulting in their use is equivalent to that which could be produced by burning 144 million tonnes of brown coal, 72 million tonnes of pit coal or 20.6 million tonnes ...