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Energy & Environment
E.ON Energie Romania: almost 27% of the thermal units on gas in Romania are older than ten years and should be replaced
Thursday, April 7, 2022
Almost 27% of the gas thermal units in Romania are older than ten years and should be replaced, according to the results of a survey made by E.ON. A condensing power plant can reduce natural gas consumption by up to 30%. E.ON mentions the fact that, in a context of increased volatility of the energy prices, energy efficiency measures for the reduction of consumption without affecting comfort, with the purpose of dropping ...
Virgil Popescu, after the meeting with Turkish president Recep Tayyip Erdogan : Romania supports the development of the Gas Southern Corridor
Thursday, April 7, 2022
The minister of energy, Virgil Popescu stated on last Friday, after the meeting with the Turkish president Recep Tayyip Erdogan, in Istambul, that in the present geopolitical and security context partnership is a priority, and the energy resources should not be used as blackmail weapons, and Romania supports the development of the Gas Southern Corridor. ‘Together with vice-prime ...
Arad : the first project with European financing for the extension of the gas grids in Romania, at Socodor-Pilu-Graniceri
Thursday, April 7, 2022
The first project in Romania for the extension of the gas grids with European funds has started in the Arad county, after the mayors in Socodor,Pilu and Graniceri required together funds and got 11.5 million euro, to have 2,350 households linked until the end of 2023.The chairman of the Arad County council, Iustin Cionca signed last week the urban certificate for ‘ the first investment in ...
Coalition agreement on the offshore law for the exploitation of Black Sea gas
Thursday, April 7, 2022
The social -democrat (PSD – ruling coalition) chairman Marcel Ciolacu announced on Tuesday that an agreement had been reached in the Coalition for the offshore law, which would allow the extraction of gas from the Black Sea. “We agreed in the Coalition to resolve ...
The Romanian commodity exchange has been granted a license to operate as a wholesale electricity market operator
Thursday, April 7, 2022
The Romanian commodity exchange (BRM) received from the national Energy regulatory Authority (ANRE) a license to carry out the activity of a wholesale electricity market operator, according to a communiqué.After years of state, the license was granted following changes and additions to the internal legislation and regulations, which ...
EnergMin: Romania is one of the least dependent countries on Russian gas
Thursday, April 7, 2022
The Romanian state and companies from Romania do not have direct contracts with Gazprom, and Romania supports taking on EU's unitary position before Russia's blackmail of paying for gas in rubles, the Romanian Minister of Energy Virgil Popescu wrote on Facebook, on Friday."Russia's new act of blackmail was delivered under the decree that states that payment for gas supplied by Gazprom should be made in rubles for export contracts towards unfriendly ...
BSOG may seek international arbitration about its offshore operations in Romania
Thursday, April 7, 2022
Black Sea Oil and Gas (BSOG), an oil company controlled by Carlyle Group that is close to becoming the first of the new gas producers in Romania's Black Sea, possibly this summer, notified the Romanian state of its intention to initiate an international arbitration process at the Paris Court. The company did its part of the job and is ready to extract natural gas at a critical moment, but it expects the ...
The scheduled turnaround of the Petromidia refinery has come to an end
Thursday, April 7, 2022
Rompetrol Rafinare, a member company of the KMG International Group, successfully completed the turnaround of the Petromidia Navodari and Vega ...
More than 18 billion euros will be available for projects targeting the energy sector
Thursday, April 7, 2022
During 2022-2030, the European Union will allocate significant sums for investments in renewable energy production and storage capacities, energy efficiency, modernization and expansion of electricity networks and other energy fields. The implementation of these projects was envisaged in the context of the European Union’s energy efficiency and decarbonisation policies and ...
EnergMin Popescu announces launch of call for projects for energy production from renewable sources
Thursday, March 31, 2022
Minister of Energy Virgil Popescu announces the launch of the call for projects for the production of energy from renewable sources, with a budget of 457.700 million euros, for which applications can be submitted between March 31 and May 31, 2022."Very important announcement! We announce the launch of the call for projects for the production of energy from renewable sources (wind and solar), with a budget of 457,700,000 euros, financed through PNRR ...
PM Nicolae Ciuca thanks Bulgarian Government for commitment to complete Bulgaria-Greece interconnector
Thursday, March 31, 2022
Prime Minister Nicolae Ciuca thanked, on Monday, the Government in Sofia for its commitment to complete the Bulgaria-Greece interconnector, emphasizing the importance of ensuring natural gas resources, necessary also to obtain chemical fertilizer."I believe it's important to mention that, until now, we are not facing problems in what regards the supply of food. Of course, there are issues with regard to the supply chain for food, ...
EnergMin: Romania - U.S. energy partnership is strong, working together to strengthen Romania's energy security
Thursday, March 31, 2022
Romania's energy partnership with the U.S. is strong and we are working together to strengthen our country's energy security, with an emphasis on the increase and diversification of energy production sources and integration thereof with the new energy system model, says Energy Minister Virgil Popescu, who was in Prague on Monday for bilateral talks with U.S. State Department of Energy officials on the Romania - U.S. partnership in support of the former's civilian ...
The European Commission and the United States open new chapter in their energy cooperation
Thursday, March 31, 2022
President Ursula von der Leyen and US President Joe Biden last week in Brussels. They committed to working together to support Europe's energy security for the coming winters and to sustainably reduce Europe's energy dependency on Russia by investing in the clean energy ...
Romania’s dependency on Russian energy below EU-average but not insignificant
Thursday, March 31, 2022
With a share of imports from Russia at 15.5% for natural gas, 37% for crude oil and nearly 12% for coal, Romania is less dependent on Russian energy sources, according to Eurostat data. Except for the oil, where Lukoil brings the raw material for its refinery in the country, the ratios are less than half of the average calculated by Eurostat for either the entire European Union or the euro ...
BSOG: Beginning gas production in the Black Sea depends on regulations and taxation
Thursday, March 31, 2022
The offshore project Midia Natural Gas Development (MGD) developed by Black Sea Oil & Gas (BSOG) in the Black Sea is currently 90% completed, and production can technically begin in the second quarter of this year, BSOG CEO Mark Beacom confirmed. But actually starting production will depend on "external elements" such as regulations and taxation, he added. He ...
Feldioara plant’s purchase by Nuclearelectrica to be concluded soon
Thursday, March 31, 2022
The government adopted an ordinance on Friday that will allow the completion of the acquisition of the Feldioara plant by Nuclearelectrica in the next period, the Minister of Energy, Virgil Popescu, announced on Friday. According to the minister, the adopted ordinance aimed at concluding the inventory regarding all the buildings of the National Uranium ...
Reuters:Romania seeks smaller dividend from gas and power producers to enable investment
Thursday, March 31, 2022
Romania will collect fewer dividends from state-owned gas producer Romgaz (SNG.BX) and nuclear power producer ...
Commission outlines options to mitigate high energy prices with common gas purchases and minimum gas storage obligations
Thursday, March 31, 2022
Following up rapidly on the REPowerEU Communication and the Versailles Declaration, the Commission has set out ideas today for collective European action to address the root causes of the problem in the gas market and ensure security of supply at reasonable prices for next winter and beyond. Leaders will continue the discussion on these options at this week's European ...
Natural gas suppliers, obliged to have storage in warehouses in the period 1st April to 31st October 2022
Thursday, March 31, 2022
The suppliers of natural gas will be obliged that, between 1st April and 31st October 2022 make storage in underground warehousing for natural gas – of a minimum quantity to ensure the continuity and safety of supply for their end-users or to ensure own consumption and sustainability of the price, according to the draft ordnance regarding the measures applicable to end-users on the market of electricity and natural gas between 1st April 2022 and 31st March ...
OMV Petrom completes first photovoltaic park supplying green energy for own operations
Thursday, March 31, 2022
“OMV Petrom, the largest integrated energy company in south-eastern Europe put in operation its first photovoltaic park. Electricity will be used by the Exploration and Production division of the company. The park includes 1,000 photovoltaic panels installed on an area of 5,500 sq.m, the equivalent of a football field, in Icoana, Olt county. They will produce over 4,600 MW of green energy during their life, estimated at 13 years,” the company ...