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Energy & Environment
Simtel Team will build photovoltaic power plants for the Carmistin Group
Thursday, June 30, 2022
Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, announces the signing of a partnership with Axell Green Energy, part of the Carmistin Group, one of the largest players in the agri-food market in Romania, which aims to build and install photovoltaic power plants for some of the group’s locations. “The market context in which we find ...
Eurostat: Romania, among the EU countries with the largest increases in CO2 emissions generated by energy use
Thursday, June 30, 2022
Carbon dioxide (CO2) emissions generated in the European Union by burning fossil fuels – mainly oil and petroleum products, natural gas, coal and peat – increased by 6.3% in 2021, when most restrictions were lifted compared to 2020, shows data released on Friday by the European Statistical Office (Eurostat). Romania is among the countries whose emissions have increased more than the European ...
SOCAR considering options for gas supplies to Romania
Thursday, June 30, 2022
State Oil Company of Azerbaijan Republic (SOCAR) has 67 filling stations and three fuel storage facilities in Romania, SOCAR Vice President Kanan Najafov said at a meeting of Azerbaijan-Romania intergovernmental ...
Mecanica Ceahlau seeking EU financing for 0.4 MWp PV plant
Thursday, June 30, 2022
Romanian agricultural machinery manufacturer Mecanica Ceahlau [BSE:MECF] said that it is seeking financing through the National Recovery and Resilience Programme, for a 1.7 million lei ($362,434/343,635 euro) investment in a 0.4MWp photovoltaic (PV) power plant, ...
OMV Petrom to start production of aviation fuel
Thursday, June 30, 2022
Romania's top oil and gas group OMV Petrom [BSE:SNP] said on Thursday it will produce sustainable aviation fuel (SAF) at the Petrobrazi refinery by co-processing locally produced rapeseed oil. The first test run volumes are planned in July, OMV Petrom said in a press release. This test run was based on a successfully completed first rapeseed oil co-processing pilot ...
TeraPlast Group seeking EU co-financing for 4.56 MWp PV plant
Thursday, June 30, 2022
Romanian construction materials manufacturer TeraPlast Group said that it is seeking co-financing through the National Recovery and Resilience Program, PNRR, for a 19 million lei ($4 million/3.8 million euro) investment in a 4.56 MWp photovoltaic (PV) power plant. The photovoltaic plant will be located in TeraPlast's Saratel Industrial Parc in Bistrita-Nasaud county, the group said in a statement filed ...
BSOG's Beacom says company has no war risk insurance for Black Sea gas projects
Thursday, June 30, 2022
Black Sea Oil and Gas (BSOG) does not have war risk insurance for the Ana and Doina natural gas fields, which have recently started production, but the project moves forward, BSOG CEO Mark Beacom said on Tuesday.He participated in a ceremony at Vadu, Constanta County, to mark the start of natural gas exploitation under the Midia project operated by BSOG. The first gas from these blocks entered the national grid on June 15.According to Beacom, ...
Romania to host the climate Change Summit on October 4th and 5th
Thursday, June 30, 2022
Over 50 international speakers and 500 participants will take part in the first edition of the Climate Change Summit, to be held on October 4-5th at the Odeon Theatre in Bucharest. Researchers, entrepreneurs and decision-makers from Romania and abroad, as well as innovators from the corporate world and NGOs, will present ideas for a sustainable future. The mission of ...
Rompetrol publishes its 2021 Sustainability Report
Thursday, June 30, 2022
Rompetrol publishes its eighth sustainability report, drafted according to international reporting standards and shows the environmental, social, governance and market performance of the Group for the 2021 interval; the report bears the assurance of an audit firm. "2021 continued to be defined by challenges and changes, with the pandemic, deepening economic uncertainties, volatile refining margins and ...
Azomures announces the temporary suspension of ammonia production due to the price of natural gas
Thursday, June 23, 2022
The Azomures unit has announced the temporary suspension of ammonia production due to the price of natural gas, saying that they will produce fertilisers until the depletion of existing ammonia stock. The production was already suspended from the same reason in December 2021, being resumed in April this year. At that moment,the company said that ‘ supply with natural gas is difficult, with levels of price which lead to high prices for fertilisers, even with the help of ...
Study: The state, the main beneficiary of fuel prices; the optimal solution would be to lower taxes
Thursday, June 23, 2022
The Romanian state is the main beneficiary of fuel prices, so that the best measure for the lowing of prices would be the reduction of excise and VAT, while capping would be worse than better, shows an analysis made by the Association Intelligent Energy (AEI).An analysis of the cost estimates for oil products at the pump shows that, compared to the same day in 2021, the price at the pump is 63% ...
Crude oil production falls by 6pct in first four months of 2022
Thursday, June 23, 2022
In the first four months of 2022 Romania produced 973,500 tons of oil equivalent (toe) of crude oil, down 61,700 toe (6%) from the similar period of 2021, according to data with the National Institute of Statistics (INS).Imports of crude oil in the same period amounted to 2.13 million toe, 621,600 toe (22.6%) below those of January-April 2021.According to estimates of the National Strategy and Forecast Board, Romania's 2022 crude oil production ...
Iulian Iancu appointed in the board of the National Energy Regulator (ANRE)
Thursday, June 23, 2022
The Plenary Session of the Parliament on Wednesday appointed the former PSD deputy Iulian Iancu in the position of member of the Regulatory Committee of the National Energy Regulatory Authority (ANRE). There were 224 votes in favor and 86 against. The vote was secret, with ballots. USR deputy Cristina Pruna slammed the nomination of ...
ANRE approves settlement of 376.1 million RON to energy suppliers
Thursday, June 23, 2022
The National Energy Regulatory Authority (ANRE) has so far approved the settlement from the state budget of an amount of 376.1 million RON to energy suppliers, through the mechanism of capping bills, a release by the said institution, sent on Tuesday, reads.Considering the activity carried out within ANRE regarding the collection, verification of data, preparation of analysis sheets and determination of the amounts due for settlement from the state budget through ...
Fitch affirms Romania's Transgaz at 'BBB-', outlook stable
Thursday, June 23, 2022
Fitch Ratings said that it has affirmed Romanian gas transmission company Transgaz [BSE:TGN] long-term issuer default rating (IDR) of 'BBB-' with a stable outlook. "The affirmation of Transgaz is supported by its solid business profile as a concessionaire and operator of the gas transmission network in Romania and our expectation of regulatory continuity into the new regulatory period from October 2024," Fitch said in a press release ...
Photon Energy to build 32MWp solar projects in Romania by end-2022
Thursday, June 23, 2022
Solar energy and clean water solutions group Photon Energy said on Monday it plans to add a solar power portfolio with a total generation capacity of 32MWp by the end of this year in Romania, https://renewablesnow.com/ ...
Jan - April gas imports drop 6.1 pct
Thursday, June 23, 2022
Romania's gas imports in the first four months of 2022 stood at 802,800 tons of oil equivalent (toe), by 5.1 pct (51,900 toe) less YoY, show figures centralized by the National Institute of Statistics (INS).The domestic gas production over the reporting period amounted to 2.376 million toe, 6.1 percent (153,700 toe) less than in the year-ago period.According to estimates by the National Strategy and Forecast Commission, Romania's natural gas ...
Analysis : The upgoing price of petrol and diesel affects the Romanians with powerful cars mostly
Thursday, June 23, 2022
Upgoing prices for fuel affect mostly the Romanians who have engines with power over 2 to 3 litres, and with pollution norms Euro 3, Euro 4 and Euro 5 who have the highest consumption due to the old technology, says a specialty analysis, published on Monday by Autoropa.ro, online platform specialized in the trading of second hand vehicles. ‘The Romanians with such cars ...
EU Commission approves Romania’s green scheme
Thursday, June 23, 2022
The Commission approved a €500 million scheme to support the growth of new forest areas, a part of Romania’s strategy to ensure the protection of forests and biodiversity, eurctiv.com informs. The scheme is part of Romania’s recovery and resilience plan, and it aims to help owners of farming land suitable for afforestation to establish new forest areas, which will generate a positive ...
Black Sea Oil & Gas has started gas production from the Midia Natural Gas Development Project
Thursday, June 16, 2022
The first gases extracted from the shallow offshore perimeters Ana and Doina entered the national transport system on Wednesday, Black Sea Oil & Gas announces. The company estimates that the two fields will produce half a billion cubic meters of gas this year. “The MGD project is the first new natural gas development project in the Romanian continental shelf of the Black Sea in the last 30 ...