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Energy & Environment
Biogas has promising future in EU, study shows
Thursday, August 2, 2007
The report, entitled the 'Biogas Barometer' and produced by a consortium of renewable energy organisations led by France's Observ'ER , cites a 13.6% increase growth in biogas use for primary energy production between 2005 and 2006. Combined heat and power (CHP) facilities in particular are using an increasing amount of biogas for electricity and heat production, with Germany's CHP sector leading the way. In the UK, electricity production from landfill gas is substantial and growing. The ...
Biggest bio-ethanol factory to be constructed in Nadlac
Thursday, August 2, 2007
The biggest production unit of bio-ethanol is to be constructed in Nadlac (near Arad, west) by the Belgo-American consortium New-Energy, the investment being estimated at some 60 million euros.The factory is to be designed by Hungarian EuroMediu Co. and construction works are set to be launched in spring, next year. In the first stage, the factory is to process annually approximately 340,000 tons of corn, to be supplied by farmers in Arad zone.The technology to be used is an up-to-date one ...
Biodiesel production installation in Vaslui, worth 18 million euros
Thursday, August 2, 2007
An installation for the production of biodiesel, non-polluting fuel, produced of vegetal oil, worth 18 million euros, was inaugurated on Tuesday in Vaslui in the Ulerom oil factory. The installation is fully automated, the technological process being computerized, with a capacity of 30,000 tonsyear, NewsIn informs. The equipment for the technology was brought by Greenline Industries, an American group. The factory belongs to Adrian Porumboiu and the raw material will be ensured by the ...
A new urbanism certificate for Rosia Montana Gold Corporation
Thursday, August 2, 2007
The Soros Foundation Romania accuses the County Council Alba for issuing a new urbanism certificate for SC Rosia Montana Gold Corporation (RMGC) a few days fater the tribunal annulled the previous one. The new certificate is necessary to the company to continue the assessment procedure for environmental impact, needed for the approval of the mining project in Rosia Montana. “ The issuing of a new certificate a few days after Tribunal Cluj made the previous certificate void is an example of ...
OMV Mineraloel: 300 regional petrol stations by 2010
Thursday, July 26, 2007
OMV Romania Mineraloel, a company taken over last year by Petrom, which manages petrol station networks under the OMV brand in Romania, Serbia and Bulgaria, intends to have 300 petrol stations operating in the region, 103 more than it currently holds.The investments will be made by Petrom, the largest Romanian company, and could amount to over 200 million euros, given that the investment in one station could be as much as 2 million euros. Petrom took over 178 OMV petrol stations ...
Rompetrol targets European top 10
Thursday, July 26, 2007
Rompetrol, the second-largest oil company on the local market, plans to become one of the top 10 European companies in the field in five years. The company, controlled by businessman Dinu Patriciu, currently ranks 25th among top European oil companies, so it needs to climb 15 places and surpass giants such as MOL and OMV. Patriciu recently told Business Standard he plans to list the company on the London Stock Exhange in two years, when Rompetrol is set to reach net sales worth $12-15 ...
Eurostat: Electric power supplied to Romanian consumers, among cheapest in Europe
Thursday, July 26, 2007
Electric power supplied to Romanian consumers is among the cheapest in Europe, with its price standing at 0.0855 euros per KWh, according to a study of Eurostat - the EU Office for Statistics.According to the European statistics, the lowest level of the energy price supplied to the population is recorded in Bulgaria - 0.0547 euros, followed by Latvia - 0.0583, Estonia - 0.0635 euros, Lithuania - 0.0658 euros and Greece - 0.0661 euros.The highest prices for electricity are paid in Italy - ...
Romania to have 15 percent of Europe's protected area network
Thursday, July 26, 2007
The Government approved on Wednesday a Memorandum with the list of sites of European importance and will sent in to the European Union, the Ministry of Environment and Sustainable Development informs.Romania pledged to identify the sites of European interest, to be part of Natura 2000 network. The Government's draft includes the short-term measures to be taken by the relevant authorities.The most important sites are located in the Apuseni Mountains, Balta Mica a Brailei, Bucegi Mountains, ...
Eurostat: Romanian domestic users of natural gas pay 7.60 euros per Giga-Joule in 2007
Thursday, July 26, 2007
The price of natural gas paid by domestic consumers in Romania is of 7.60 euros (without taxes) per GigaJoule (GJ) in 2007, according to Eurostat statistics. Last year Romanian domestic users paid 6.44 euros per GJ, according to the same source. The average price paid in EU countries for natural gas is of 11.68 euros per GJ in 2007, whereas in 2006 it was of 10 euros. The lowest price for natural gas in 2007 paid by domestic users is paid in Estonia (4.99 euros), followed by Lithuania and ...
The Energy Strategy Project : Romania can save one third of its energy consumption
Thursday, July 26, 2007
Romania could save one third of its energy consumption if it reduces the losses, which represent some 3 billion euros a year.With limited oil and natural gas resources, for maximum 15 years, with a forecasted increase in natural gas imports to 50 percent of the national consumption in 2015, Romanian cannot afford to waste energy.The Energy Strategy Project on 2007-2020 shows that efficiency must increase on the entire network from the exploitation of resources to the final consumer.According ...
Petrom lessens production of crude oil and natural gas
Thursday, July 26, 2007
The overall production of crude oil and natural gas of Petrom, a company member of the Austrian oil group OMV dropped 3 percent in the second quarter of this year as against the first quarter, to 196,000 barrels of oil equivalent a day from 202,000 barrels of oil equivalent a day, reads the preliminary report made public by OMV. The majority shareholder of Petrom says that the drop was prompted by the lower deliveries of natural gas because of the high pressure of the natural gas pipeline ...
Siemens completes two wastewater treatment plants in Constanta Port
Thursday, July 26, 2007
Siemens Industrial Solutions and Services Group (I&S) built two water treatment stations in the maritime port of Constanta (south-east) in a project worth a total of some 7 million euros, the beneficiary of which is the Administration of Maritime Ports S.A. Constanta (ANM), reveals company data. Siemens also supplied and installed all the systems, plant and electric equipment for the two facilities. With a view to modernizing the port, ANM initiated the environment and infrastructure project ...
Oil Terminal receives okay for trading on First Tier of BVB
Thursday, July 26, 2007
The relevant commission has okayed the promotion of Oil Terminal shares to the First Tier of the Bucharest Stock Exchange BVB, informs the website of BVB.In conformity with the BVB Code, the promotion of the Oil Terminal shares to the First Tier will occur after its approval by the Council of BBVB, based on the favourable consultative okay of the relevant commission.Oil Terminal Constanta, the biggest local port operator and service and equipment for the oil industry, is a company with ...
Varujan Vosganian: Transgaz listing might bring at least 50-60M euros
Thursday, July 26, 2007
Listing Transgaz on the Stock Exchange could bring the company at least 50-60 million euros, Economy and Finance Minister Varujan Vosganian told a news conference, on Friday.'Listing Transgaz was a project we rescheduled and we decided on the consultant, after many delays last year, so that re-entering the programme we hope to start a subscription programme in November, Minister Vosganian said, stressing that the signals are very good and an over-subscription is quite possible, and early ...
Romania to negotiate with European Commission a delay in harmonizing natural gas prices
Thursday, July 26, 2007
The Minister of Economy and Finance Varujan Vosganian announced on Friday in Medias (central Romania) that Romania wants to open negotiations in August with the European Commission to delay until 2010 the period of harmonization with the natural gas prices.'We are concerned with the period of transition concluded with the European Union for the harmonization of natural gas prices and we want to open negotiations in August to delay until 2010 the period of harmonization of the domestic gas ...
Transgaz to invest 62 million euros in 2007
Thursday, July 26, 2007
Transgaz will invest this year 62 million euros, mainly in upgrading the high pressure pipelines for the methane gas distribution, said on Friday in Medias the Minister of Economy and Finance Varujan Vosganain.He met on Friday the leaders of Romgaz and Transgaz companies and discussed about investment policies and winter planning.'We spoke about how the energy strategy is reflected ion the policy of the two state companies this year. We spoke about the investment policy this year as well as ...
Approx. 70 pct of length of National Natural Gas Transportation System is older than norms
Thursday, July 26, 2007
Approx. 69 percent of the total length of the National Natural Gas Transportation System is older than the norms say a pipeline in use should be, with it built over 1927-2004 and some 27 percent of the total regulation and measurement stations having been operational for more than 25 years, according to sources with the Ministry of Economy and Finance.More than 1,964 km, representing some 24 percent of the total pipelines in Romania, have been modernized during the latest years or replaced ...
Matteo Codazzi: Enel has 4 bn euros ready for investments and acquisitions in Romania
Thursday, July 26, 2007
Enel Romania - part of the Italian energy group - continues to be interested in developing projects in Romania. Thus, it has announced the intention to participate in the construction of reactors 3 and 4 of Cernavoda nuclear power plant (east) and in the programmes unfolded by Termoelectrica (the main local provider of thermal energy). Moreover, Enel wants to participate in the privatization of the energy complexes in Oltenia (south-west) and to invest in wind energy.Through three ...
Petrom to increase quantity of gas supplied to electricity producers
Thursday, July 26, 2007
Oil Company Petrom has recently made an announcement referring to advanced talks with Termoelectrica to supply it increased quantities of gas for the production of electricity, reads a release of Petrom.'Petrom is ready to support the measure of increasing the quantities of gas supplied to electricity producers in the period immediately ahead. Thus, there have already been delivered supplementary quantities of gas to Electrocentrale based in Bucharest, of 30 million cubic metres,' Petrom ...
Romania to end electricity exports in case of hydrological drought crisis
Thursday, July 26, 2007
Romania could suspend bilateral energy export contracts in case the procedures for hydrological drought and crisis situation are launched, Varujan Vosganian, Minister of Economy and Finances told BBC in an interview.'The procedures for hydrological drought and crisis situation are not yet launched. In case they are, we have prepared the procedures needed to temporarily suspend the bilateral contracts, in order to cease exporting electricity and thus avoid endangering the supply for the ...