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Energy & Environment
Romanian state to sell 20pct in Oltenia Energy Complex in 2026
Thursday, May 5, 2022
The Romanian state has committed to sell 20pct of the Oltenia Energy Complex by December 31, 2026, according to the Restructuring Plan of the Oltenia Energy Complex, approved by the European Commission at the end of January and published on Monday on the Commission's website.On December 20, 2020, Romania notified the European Commission about the company's restructuring plan, in February 2021 the Commission started an analysis into this issue, and on January 26, ...
Energy prices surged 2.8 times within past 12 months for companies
Thursday, May 5, 2022
The prices of electricity, gas and heating paid by Romanian companies surged by 180% over the past 12 months as of March, which pushed up the overall industrial prices (factory-gate prices) by 52%, the statistics office INS announced. Industrial price inflation accelerated faster than expected in March after it had calmed down in February, which may result in further deterioration in analysts’ ...
Romania calls for more investments in gas infrastructure
Thursday, May 5, 2022
Romania has already identified alternative sources and routes for natural gas to reduce dependency on Russian imports, but it needs the region’s gas corridors to become operational, the energy minister said. EU energy ministers met in Brussels on Monday (2 May) to discuss the energy security in Europe after Gazprom cut supplies to Bulgaria and ...
Romania provides almost 40% of its oil needs from domestic resources
Thursday, May 5, 2022
Romania provides, from domestic resources, 40% of its oil needs , stated Filip Carlea, manager for Centre for Renewable Energy and Energy Efficiency. ‘From domestic resources, Romania provides almost 40% of its oil needs and the gas needs, from import, do not exceed 20%’ stated Filip Carlea, in a conference about the National Plan for Recovery and Resilience (PNRR) organized by Oxygen Events. He mentioned that, in this ...
OMV Petrom's Verchere: We no longer import crude oil from Russia, alternative sources more expensive
Thursday, May 5, 2022
OMV Petrom no longer imports crude oil from Russia in response to the conflict in Ukraine, but the alternative sources are more expensive due to higher transportation costs, said Christina Verchere, CEO of OMV Petrom, in an interview with Agerpres.In this context, the company is currently looking into all options for diversification of supply sources.In terms of natural gas, unlike other countries in the region, Romania has a low degree of dependence ...
Carpathian Modernized Energy Network Smart Grid Project becomes an EU Project of Common Interest
Thursday, May 5, 2022
The Carpathian Modernized Energy Network (CARMEN) Smart Grid project, developed by Delgaz Grid SA and CNTEE Transelectrica SA, in partnership with the Hungarian transport operator, MAVIR Magyar Villamosenergia-ipari A tviteli Rendszeriranyito, received the final approval of the European Union, being included on the 5th list of Energy Projects of Common Interest (PICs), informs E.ON in a press release .The CARMEN project has a value of approximately 150 million ...
Eurostat: Coal production and consumption see rebound in 2021
Thursday, May 5, 2022
In 2021, EU coal production and consumption saw an increase compared with 2020, experiencing a rebound following the low 2020 and 2019 values, which were partially caused by ...
Gov't, Oltenia energy works agree on increasing energy output
Thursday, May 5, 2022
Prime Minister Nicolae Ciuca said on last Thursday that the government will approve the revenue and expenditure budget for this year for the Oltenia SA energy works, adding that there is a commitment to increasing energy production."Today on the Government's agenda we have a very important item, namely approving the budget of revenues and expenditures of Oltenia SA. It is very important to get this budget, because we had discussions with the management of ...
EconMin about reopening mines: Romania is responsible for ensuring independence of European economy
Thursday, May 5, 2022
The Minister of Economy, Florin Spataru, declared in Prahova, on Thursday, that Romania has "the opportunity and responsibility" of ensuring the independence of European economy by reopening mines that can offer critical prime materials."In this crisis of raw materials, Romania has this opportunity, and I would say even responsibility, of ensuring the independence of European economy and to carry out an exploitation process and reopening some mines, not all ...
First Black Sea natural gas drill expected in mid-year
Thursday, April 28, 2022
Prime Minister Nicolae Ciuca said on Wednesday that the first natural gas drill in the Black Sea will happen in the middle of this year, with the new exploitation expected to provide about one billion cubic metres per year, which is 10% of the annual natural gas consumption in Romania."The first Black Sea natural gas drill will be conducted by Black Sea Oil and Gas in the middle of this year and then we will have an extra billion cubic metres per year ...
OMV Petrom vicepresident: Romania can become a “Blue hydrogen valley” in EU
Thursday, April 28, 2022
Romania can become a “Blue hydrogen valley”in EU, as it has gas resources, carbon storage capacities and varied industry which can use this resource, said Ionut Ciubotaru, vicepresident for business development, OMV Petrom, at a conference on Tuesday. “At present we are the second gas producers in EU after the Netherlands and we have a big opportunity to become the first largest ...
ENEL X ROMANIA INSTALLS OVER 2,000 PHOTOVOLTAIC PANELS FOR RETAILER SELGROS, IN MUREs AND TIMIS COUNTIES
Thursday, April 28, 2022
The photovoltaic systems have a total installed capacity of over 900 kWp; The two systems ensure an average annual production of over 960 MWh and contribute to the cut in carbon dioxide emissions of over 200 tons / year. Enel X Romania, part of Enel X, the advanced energy services ...
Final consumption of electricity down 1.8pct in Romania, in January-February
Thursday, April 28, 2022
Romania's national electricity consumption fell by 1.8pct in the first two months of the year, compared to the same period last year, according to data released on Thursday by the National Institute of Statistics (INS).Industrial consumption was 2.1pct lower, while the population used 1.1pct less electricity. At the same time, the networks' and stations' own electricity consumption increased by 1.2pct.The total electricity ...
Romania's Jan - Feb coal production inches up 0.4 pct YoY, imports advance 141 pct
Thursday, April 28, 2022
Romania's net coal production over January - February 2022 amounted to 450,000 million tons of oil equivalent (toe), up 0.4 percent (1,800 toe) from the same period of 2021, according to data released by the National Institute of Statistics (INS).In the reporting period Romania imported 150,500 toe of net coal, by 88,100 toe (141.2 percent) more y-o-y.Estimates by the National Strategy and Projection Commission (CNSP) see this year's coal ...
Romania's Jan - Feb crude oil production drops 4.6 pct
Thursday, April 28, 2022
Romania's crude oil production over January - February 2022 stood at over 481,600 tons of oil equivalent (toe), by 23,100 toe less (-4.6 pct) compared to the same period of 2021, show figures centralized by the National Institute of Statistics (INS).Crude imports in the reporting period amounted to 1.272 million toe, by 3,500 toe (0.3 pct) less YoY.According to estimates by the National Strategy and Forecast Commission, Romania's crude production this ...
Oil and gas Employers’ Federation: We welcome the entry of offshore law into the parliamentary circuit
Thursday, April 28, 2022
The non-competitive and unstable fiscal regime, as well as the frequent changes of the legislative framework and the introduction of specific conditions for the sale of natural gas affected the functioning of the natural gas market in Romania and led to the constant postponement of investment decisions in Black Sea resources, Show the oil and gas Employers' Federation. ‘The Employers’ Federation Oil and Gas ...
Deloitte Study: More than half of the local companies have plans to reduce carbon emissions
Thursday, April 28, 2022
More than half (54%) of local companies are planning to reduce carbon emissions, according to the latest edition of the Deloitte CFO Survey Romania, conducted among over 100 CFOs based in ...
Hidroelectrica taking over electricity supplier Electrica Furnizare is reportedly still an option
Thursday, April 28, 2022
During the general shareholder meeting of BVB-listed electricity supplier Electrica, general manager Corina Popescu did not deny that the company was considering a project to sell the group's supply arm to ...
Romania finally set to make the most of its vast Black Sea gas reserves
Thursday, April 21, 2022
Punitive Romanian taxes on offshore gas production, as well as an export ban, look set to be revoked within weeks, https://emerging-europe.com/ ...
Virgil Popescu: Energy development strategy thought for passage from coal to natural gas
Thursday, April 21, 2022
Energy minister Virgil Popescu says that “the entire energy development strategy is thought for the passage from coal to natural gas”, and explained that after Romania will increase its capacities for natural gas extraction “there will be some reserve coal units for crisis situations.” “We ...