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Energy & Environment
Gas prices to fall 3 to 5 pct from Jan. 1
Thursday, December 21, 2006
The new prices for natural gas for the household consumers will fall by some 3 to 5 percent from January 1 compared to December, the National Natural Gas Regulatory Authority (ANRGN) announced. The new prices at Bucharest-based gas distributor SC Distrigaz Sud SA will be 881.75 lei per 1,000 cubic meters, while the prices at EON GAZ Romania will be 874.52 lei per 1,000 cubic meters, if the consumption is up to 2,400 cubic meters a year (the B1 category), the Authority said. The ...
45 years of nuclear energy regulation and control
Thursday, December 21, 2006
The peaceful utilization of nuclear energy is a basic component of energy and environmental policies, with positive effects on economic development and on the population's living standard, said Vilmos Zsombori, president of the National Commission for the Control of Nuclear Activities (CNCAN), on the occasion of the anniversary of 45 years of nuclear energy regulation and control, reports daily Economistul. The anniversary was also an occasion to survey the stages Romania has been through ...
Second reactor to boost by 34 pc Nuclearelectrica business
Thursday, December 21, 2006
Electricity producer Nuclearelectrica, operator of Cernavoda nuclear power station (south-eastern Romania), estimates in 2007 business in the amount of 255 million euros (899.5 million lei), up by 33.7 percent in euros, following the start of Unit 2, stated Teodor Chirica, this company's General Director. Company's management has programmed the launching of the second reactor of Cernavoda Power Station in the first half of 2007. Under these conditions, with two functioning ...
Nuclearelectrica sees 34% surge in turnover
Thursday, December 21, 2006
Nuclearelectrica, the electrical power producer and operator of the Cernavoda-based nuclear power plant estimates turnover will amount to 255 million euros (899.5 million RON) in 2007, up 33.7% in euros against the value forecast for this year."The 33% surge will be triggered by an upturn in the volume of electrical power delivered to the domestic power system, which will again increase once the second unit of the Cernavoda-based plant starts functioning in 2007," general manager of ...
Romania begins consultations with European Commission experts regarding National Allocation Plan for Greenhouse Gas Emissions
Thursday, December 21, 2006
Romania on Wednesday started consultations with the European Commission on the National Allocation Plan (NAP) Greenhouse Gas Emissions, which it has already submitted to the EC. "We want no changes in the Plan during the negotiations with the EC and its adoption in the shape proposed by the Romanian side," Environment Minister Sulfina Barbu said. NAP is a very important step for the creation of the conditions necessary for Romania to implement the EU Emissions Trading Scheme, which ...
The energy EU dependence grew while Romania’s dependence slighlty dropped
Thursday, December 21, 2006
The energy dependence grew in the European Union between 1990 and 2004 by 6%, reaching 50.5%, a Eurostat report shows. In some countries, among which Estonia, Latvia and Lithuania there is a drop in energy dependence while in countries such as the Czech Republic, Ireland, The Netherlands and Portugal the energy dependence rose considerably. In the case of Romania, the rate of energy dependence was 33% in 1990, dropping slightly over the next 14 years to 30%. In 2004, only two countries, ...
Moldova : contract with Russia for gas delivery
Thursday, December 21, 2006
The government in Kishinev considers that a long-term contract regarding natural gas supply in the Republic of Moldova could be signed with Gazprom before the end of the current year. Premier Vasile Tarlev made this statement after a meeting with vicechairman of the board of Gazprom Valeri Golubev. According to a press release of the Kishinev government, the parties “ discussed aspects targeting the present collaboration in the domain of natural gas, as well as the development perspectives ...
Rompetrol launched Euro 5 Diesel
Thursday, December 21, 2006
Rompetrol Downstream, the retail department of the Rompetrol Group launched a new type of diesel out of Euro 5, which will slowlz replace diesel Euro 4. Euro 5 standard will become compulsory in the European Union starting 2007 and in Romania starting 2009. The fuel has a low level of sulphur and is destined to the vehicles endowed with catalyser and injection engines. For the beginning, the fuel will be available in almost 60 filling stations and will replce Euro 4. By the end of the year, ...
LukOil seeks 30 percent market share in Romania
Thursday, December 14, 2006
LukOil Romania seeks to raise its market share in Romania to 30 percent over the next five years, from the current 25 percent, by annual investment of $20 million in building new filling stations and storage facilities as well as in upgrading older filling stations, General Manager of LukOil Romania, Constantin Tampiza, on Tuesday said. "We are going to invest $2 million every year over the next five years in building three warehouses, modernisation of existing filling stations and ...
Over 3.7 million tonnes of gasoline produced in Romania in first nine months of this year
Thursday, December 14, 2006
The production of various types of gasoline stood in the first nine months of this year to over 3.759 million tonnes and the production of Diesel oil exceeded 3.483 million tonnes, according to information centralised by the National Statistics Institute. The biggest quantity of gasoline was produce din January - 457,573 tones, and the biggest quantity of Diesel gas was reported in May - 429,748 tonnes. Over January-September there were produced as many as 1,006 million tonnes of black oil. ...
CNCAN to strengthen nuclear power regulatory, authorisation and control activities for increased public safety
Thursday, December 14, 2006
Peaceful use of nuclear power is a basic component of the energy and environmental protection policies, with benefits to economic development and improved living standards for the population, Chairman of Romania's National Commission for Nuclear Activity Control (CNCAN) Vilmos Zsombori told an anniversary meeting on Wednesday that celebrated 45 years of nuclear power regulation and control."In the context of Romania's accession to the European Union, the importance of CNCAN is increasing, ...
Coal stocks currently at 50 - 70 percent of necessary amount
Thursday, December 14, 2006
The coal stocks of the companies subordinated to the Ministry of Economy and Commerce (MEC) stand at 70 percent of the planned level, whilst the units under the authority of the Ministry of Administration and Home Affairs report 50 percent of the necessary coal stocks, Premier Calin Popescu-Tariceanu announced on Wednesday. "Following allegations that MEC had presented an incorrect report on stocks, two weeks ago I ordered a check of the situation. I learned that coal stocks at ...
Romania must reduce dependence on imports in energy field
Thursday, December 14, 2006
President Traian Basescu affirmed on Tuesday, on the occasion of a visit paid to Cernavoda Nuclear Power Station (south-east of Bucharest) that Romania must reduce its dependency level on imports in the energy field. "Even though, at present, we have a surplus capacity in the field of electricity production, we foresee that in the future, with the development of industrial production capacity and further economy revival, this surplus will be absorbed by the local market and, therefore, ...
Policies in energy, trade and industry fields to be top priorities of the new Minister of Economy and Trade
Thursday, December 14, 2006
The National Liberal Party's nominee for the position of Minister of Economy and Trade Varujan Vosganian is to have as strategic priorities during his mandate the maintenance of the prices of electric power for the citizens, the carrying on of an winter programme in the energy field, the development of the small and medium-sized enterprises and the promotion of the investment laws, Romanian Prime Minister Calin Popescu-Tariceanu said on Tuesday in the speech he delivered during a Parliament ...
Termoelectrica borrows 15 million dollars
Thursday, December 14, 2006
Termoelectrica will sign a contract for 15 million dollars, out of which the ministry of public finances, the funds being necessary to purchase fuel during the winter period, guarantees 80%. The loan will be used to refill the fuel capacity, made up of coal, black coal and natural gas, including transport and distribution services for the winter 2006 – 2007 out of domestic and import resources, a draft government decision drawn up by the ministry of economy and commerce shows. The loan will ...
A Senate investigation commission checked Petrom privatisation
Thursday, December 14, 2006
The Senate approved on Wednesday the setting up an investigation commission to check the conditions in which SNP Petrom unfolded. According to Radio Romania Actualitati, the vicechairman of the commission Marius Marinescu referred to its necessity: “ We need to see who presented the Petrom privatisation and what consequences this privatisation had”. On the other hand, senator Marius Marinescu is the one who proposed to the Senate Standing Bureau the setup of the commission. On 26 March, ...
Report regarding winter deposits
Thursday, December 14, 2006
The government discussed yesterday the report of the minister of economy on the situation of fuel deposits for the winter period, issue which was created after, the former minister of economy Codrut Seres presented a situation which later on was considered unreal as he had been disinformed. Premier Calin Popescu Tariceanu admitted the coal deposits are below limits. The prime minister mentioned a winter programme will be established to remake the deposits and required the new minister of ...
OMV: 40 pc of Petrom's profit is directed to the Romanian Government and the Proprietatea Fund
Thursday, December 14, 2006
Austrian OMV company, the main shareholder in Petrom, says in a press release that 40 percent of the profit derived by Petrom is directed to the Romanian Government and the Proprietatea Fund.In 2005, the net profit of Petrom stood at 1.416 billion RON and the business turnover reached 10.76 billion RON. Exports totalled $1.033 billion, according to the financial results released by the company.Petrom's contributions to the Budget advanced 1.5 billion RON between 2004 and now.The OMV release ...
Europe wants polluting companies to pay or get out of business
Thursday, December 14, 2006
More than 5,000 employees from the chemical industry, energy sector, livestock farms and mining, risk being made redundant because from the very first day of 2007 - that marks Romania's accession to the European Union - over 40 companies will either terminate operations because of high pollution rates, or the Romanian State will have to pay EUR 0.3 M a day in fines, i.e. over EUR 100 M in one year. We will no longer be able to hide the dirt under the carpet, because European Union ...
Romania's coal production stands at almost 26 million tonnes in first nine months
Thursday, December 14, 2006
The production of net (processed) coal of Romania stood in the nine months to end September 2006 at 25.921 million tonnes, of which 1.996 million tonnes net pitcoal and 23.925 million tonnes lignite and brown coal. In end September, producers kept stored 145,000 tonnes of lignite and brown coal. In the first three quarters this year Romania imported coal worth 219.7 million euros, down 14.4 percent vs. 2005. The sectors of coal extraction and processing in end August employed 27,300 people. ...