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Energy & Environment
ExxonMobil Romania has changed its name in Romgaz Black Sea Limited
Thursday, October 13, 2022
ExxonMobil Exploration and Production Romania Limited has changed its name in Romgaz Black Sea Limited, according to a press release of Romgaz.‘As a result of the decisions taken in the meeting of a General Meeting of the shareholders S.N.G.N.ROMGAZ S.A. of 22 September 2022 the procedure of registering with the authorities in Bahamas has been started. On 6th October 2022, the documents were ...
Reuters: Greece-Bulgaria pipeline starts operations to boost non-Russian gas flows
Thursday, October 6, 2022
Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe's dependence on Russian gas and boost energy security. The 182-km pipeline will provide a relief to Bulgaria, which has been struggling to secure gas supplies at affordable prices since the end of April, when Russia's Gazprom (GAZP.MM) cut off deliveries over Sofia's refusal to pay in ...
Transport of natural gas through integrated networks, initiative proposed by the operators in Romania, Bulgaria, Hungary and Slovakia
Thursday, October 6, 2022
The operators for natural gas transport in Bulgaria, Romania, Hungary and Slovakia propose an initiative for the transport of natural gas through integrated networks of gas transport, according to a press release.‘Bulgartransgaz, Transgaz, FGSZ and Eustream propose joined actions regarding the extension of the cooperation between the EU and Azerbaijan through the transport of supplementary quantities of natural ...
Commission approves €390 million Romanian scheme under Recovery and Resilience Facility to support high-efficient cogeneration of electricity and heat
Thursday, October 6, 2022
The European Commission has approved, under EU State aid rules, a €390 million Romania scheme, made available in part through the Recovery and Resilience Facility ('RRF'), to support the production of electricity and heat from high-efficient cogeneration installations connected to district heating networks in Romania. The scheme will also contribute to ...
PM Ciuca: We can give 5 million cu m of gas to Moldova, not more
Thursday, October 6, 2022
Romania can give up to a maximum of five million cubic metres of gas to the Republic of Moldova, per day, Prime Minister Nicolae Ciuca said on Monday, specifying that the Moldovan state asked our country to supply it with natural gas."They [those from the Republic of Moldova - editor's note], when I discussed with Prime Minister Gavrilita, need 150 million cubic meters. (...) We still need to see what quantities we can secure in the next period, because, as the ...
Rompetrol Rafinare invests about 40 million dollars in storage capacities until 2027
Thursday, October 6, 2022
Rompetrol Rafinare initiated this year an extensive program of maintenance, rehabilitation and modernization of the storage capacities for the products obtained in the Petromidia Navodari and Vega Ploiesti refineries, the investment effort being estimated at around 40 million dollars for the period 2022 - 2027."The works in the park of tanks are part of our operational strategy, which aims to make production processes more flexible, in total safety and ...
Engie: Vast majority of gas purchased from the Black Sea will be supplied to Romanian consumers
Thursday, October 6, 2022
The vast majority of gas purchased from the Black Sea will be supplied to Romanian consumers and only the surplus will be exported, Eric Stab, CEO of Engie Romania, said on Monday, during the "Challenges in the energy crisis" conference."In November 2018, Engie signed a 10-year contract with Black Sea Oil and Gas, because we are a large supplier in Romania. Without this contract, the investors would not have made the final investment decision ...
OMV Petrom and Oltenia Energy Complex to build four solar farms over closed mines
Thursday, October 6, 2022
OMV Petrom and the Oltenia Energy Complex will invest EUR 400 mln into building four new solar farms with a total power of 450 MW. The gas and oil giant, along with the state-owned network of coal mines and power plants, closed the deal at the end of last year and is now set to break ground at the four sites. The new solar farms will be built on former mines, at I?alni?a, Tismana, Ro?ia, and ...
PM Ciuca: We have the necessary gas quantities, Romania won't suffer from lack of gas this winter
Thursday, October 6, 2022
Romania has the necessary quantities of gas, our country will not suffer the lack of gas in the winter of 2022-2023, on Saturday said Prime minister Nicolae Ciuca, who was in Sofia to attend the launch event of the commercial exploitation of the Greece - Bulgaria Interconnector."It is an activity that we have been waiting for a long time, because the operationalization of this interconnector, in practice, highlights the steps we have taken to identify new ...
Council of the EU agrees on emergency measures to reduce energy prices
Thursday, October 6, 2022
EU energy ministers last Friday reached a political agreement on a proposal for a Council Regulation to address high energy prices. The regulation introduces common measures to reduce electricity demand and to collect and redistribute the energy sector's surplus revenues to final customers. Electricity demand ...
Governance of the Energy Union and Climate Action: Commission urges BULGARIA, IRELAND, POLAND and ROMANIA to notify their long-term strategies
Thursday, October 6, 2022
The Commission decided to send letters of formal notice to Bulgaria ...
Study: 75% of Romanians believe renewable energy sources should be prevalent
Thursday, October 6, 2022
How has Romanians’ perspective on climate change shifted? That is the focal point of the “Romanian perspective on the impact brought by climate change” study, released by Social Innovation Solutions (SIS), an organization active in sustainability, social impact and innovation. The study, concluded in August of 2022, with a pool of 1081 subjects, represents a follow ...
RoPower Nuclear SA is project company to develop small modular reactors at Doicesti power plant
Thursday, September 29, 2022
Nuclearelectrica SA and Nova Power & Gas SRL launched on Tuesday RoPower Nuclear SA, the project company for the development of small modular reactors in Romania, on the site of the former coal-fired power plant in Doicesti, southern Dambovita County, according to a press release.The new project company RoPower Nuclear SA will generate over 200 permanent jobs in the power plant, 1,500 jobs in construction, 2,300 jobs in production and will help ...
Ukraine and Romania to ease Gazprom’s pressure on Moldova
Thursday, September 29, 2022
Ukraine and Romania have said they will help neighbour Moldova if Russia decides to cut off gas supplies from October 1 when the winter heating season begins, https://balkaninsight.com/ reads. Ukrainian presidential adviser ...
Hidroelectrica wants to take over supply firm previously owned by CEZ
Thursday, September 29, 2022
The Board of Romanian state-controlled hydropower company Hidroelectrica green-lighted the bid for electricity supply firm CEZ Vanzare, taken over by the Australian investment fund Macquarie Infrastructure and Real Assets (MIRA) from Czech group CEZ at the end of ...
INVL Renewable Energy Fund I is acquiring six solar projects in Romania
Thursday, September 29, 2022
The INVL Renewable Energy Fund I managed by INVL Asset Management continues actively investing in Romania, where it has signed two agreements for the acquisition of six solar projects with a total capacity of 102.7 megawatts (MW). After the transactions, the INVL Renewable Energy Fund I portfolio of projects under development in Romania has increased to 268.7 MW. All solar projects in the fund’s ...
BSOG ponders offshore wind farms after launching production at its Black Sea field
Thursday, September 29, 2022
American company Black Sea Oil and Gas (BSOG), owned by investment fund Carlyle Group, announced its interest in developing offshore wind farms in the Black Sea - where it has already launched production at its Midia natural gas field, according to ...
OMV Petrom says it needs stability, more time to think about Neptun Deep
Thursday, September 29, 2022
OMV Petrom needs 12 months to make the investment decision on Neptun Deep offshore project, the company's CEO Christina Verchere stated on September 22, after Romanian energy minister Virgil Popescu said he would wish to hear about such a decision sooner - by the end of the year. Romgaz, the other partner of the 50:50 concession agreement regarding the field, is "extremely committed to having the Neptun ...
American fund GIP takes over offshore wind projects in Romania
Thursday, September 29, 2022
American infrastructure investment fund Global Infrastructure Partners (GIP), with assets under management of USD 81 bln, is acquiring under a global deal the incipient offshore wind projects of the German group WPD in Romania. The Romanian authorities have approved the transaction, according ...
ANRE: Energy demand is higher than cheap supply
Thursday, September 29, 2022
The crisis on the energy market is generated by the imbalance between demand and supply, because, at the moment, the demand is greater than the cheap supply, Nagy-Bege-Zoltan, vicepresident of the National Energy Regulatory Authority (ANRE) told on Thursday a specialist conference."We don't necessarily have to make sophisticated investments in energy efficiency and go out of the way to invent new solutions. The first step would be to eliminate waste both at ...