RSS
Energy & Environment
Energy prices: Commission presents a toolbox of measures to tackle exceptional situation and its impacts
Thursday, October 14, 2021
The Commission adopted today (October 13 – e.n.) a Communication on Energy Prices, to tackle the ...
President Iohannis agrees with energy price capping for this winter
Thursday, October 14, 2021
President Klaus Iohannis said on last Thursday, in southeastern Cernavoda, that he agrees with the capping of energy price for this winter."Yes, I agree with this measure, now, for this winter, but the decision is obvious elsewhere," Iohannis said.On Wednesday, the ousted Prime Minister Florin Citu said that the National Liberal Party and the Government support the capping of energy price in Romania, and a decision in this regard would be made in the ...
Romgaz expects to complete 430MW power plant at Iernut at the end of 2022
Thursday, October 14, 2021
Romanian state-controlled natural gas company Romgaz is analyzing the possibility of concluding a new contract with the consortium formed by Romelectro and Duro Felguera for the completion of the Iernut power plant (430MW), Romgaz's general manager, Aristotel Jude, told lawmakers on October 12. The plant could play a vital role in the decarbonization strategy, among others inked in the Recovery and ...
ANRE Vice President expects EU to propose elimination of green certificate tax, cogeneration bonus from bills
Thursday, October 14, 2021
Zoltan Nagy-Bege, vice-president of the National Energy Regulatory Authority (ANRE), said on Tuesday that he expects the EU executive to recommend the elimination of two taxes from the electricity bill - the green certificate tax and the cogeneration bonus."I have some reservations about the solution found [by the Government on the compensation of energy bills, ed.n.], it is quite cumbersome, it has some weaknesses and I would say that maybe there were other ...
Primary energy resources up 10.1pct in 8 months; electricity consumption higher by 6.2pct
Thursday, October 14, 2021
Romania's primary energy resources increased by 10.1% in the first eight months of the current year, compared to the similar period in 2020, and those of electricity increased by 8, 4%, according to data released by the National Institute of Statistics (INS), on Tuesday.In the same reference period, in Romania, the final electricity consumption was 37.102 billion kWh, 6.2% higher compared with the same period of 2020, and public lighting decreased by 1, 2%, while ...
EY Study: Romania Is Leading The Way In Terms Of Renewable Energy
Thursday, October 14, 2021
by Mihai Draghici, Director, Consulting, EY Romania – An overview of Romania`s energy ...
Romanian gas suppliers can’t secure contracts with Gazprom
Thursday, October 14, 2021
Romanian natural gas supply companies such as E.ON and Engie, at this moment, can import gas from Gazprom only under short-term (one-month) contracts, according to Elena Alexandru, a member of the board of the association of energy suppliers AFEER, quoted ...
OMV Petrom's hydrocarbon production falls 13.5 pct in Q3
Thursday, October 14, 2021
OMV Petrom's hydrocarbon production fell by 13.5 percent in Q3 from the same period last year to 122,800 barrels of oil equivalent (boe) per day, shows a report submitted on Friday to the Bucharest Stock Exchange.The company's daily output in Q3 2020 was 144,300 boe.The production of crude oil and condensate dropped 13.3 percent to 60,900 boe per day, while gas production was 15.2 percent down to 61,900 boe per day.On the other hand, ...
EBRD: Cernavoda - Tritium Removal Facility
Thursday, October 14, 2021
Project Description Senior unsecured corporate loan of up to EUR 150 million to S.N. Nuclearelectrica S.A. to finance the construction of a tritium removal facility (the Project). Project Objectives Nuclearelectrica operates two CANDU (Canada Deuterium Uranium) units at its Cernavoda Nuclear Power Plant (Cernavoda NPP): Unit 1 commissioned in ...
Distributie Energie Electrica Romania allocates 30.05 million lei for software services
Thursday, October 14, 2021
Distributie Energie Electrica Romania (DEER) allocates 30.05 million lei, excluding VAT, for the acquisition of software services, the contract to be concluded for a period of 84 months, according to a participation announcement posted in the Electronic Public Procurement System (SEAP).The contract will be awarded through a competitive negotiated procedure, and the deadline for receiving offers or requests to participate is November 8, 2021, at ...
Transelectrica, Delgaz Grid sign agreement to develop energy networks
Thursday, October 14, 2021
Transelectrica and Delgaz Grid have signed an agreement for the implementation of the Carpathian Modernized Energy Network - PCI Smart Grid Initiative (CARMEN) project, worth 150 million euros, according to a Transelectrica press release .CARMEN is a project developed in partnership with the Hungarian transport operator and is being assessed by the European Commission for entering the 5th List of Projects of Common Interest (CIP) in the "Smart ...
Nuclearelectrica generates over 200 million MWh in 25 years of operation
Thursday, October 14, 2021
Nuclearelectrica, the operator of the Cernavoda nuclear power plant, has delivered more than 200 million MWh to Romania's national energy grid in 25 years in business, according to a company press statement released on Thursday.Nuclearelectrica SA (SNN) on Thursday welcomed the President of Romania, Klaus Iohannis, on the 25th anniversary of the Cernavoda nuclear power plant's Unit 1.Twenty-five years after the commissioning of the first nuclear unit, ...
President Iohannis: Romania, potential to become important player and European hub in field of energy
Thursday, October 14, 2021
Romania has the potential to become an important player and a European hub in the field of energy, President Klaus Iohannis said on last Thursday, at the southeastern Cernavoda Nuclear Power Plant."Romania's nuclear energy objective is primarily a strategic objective, to ensure energy security at national and regional level. Our country benefits from a balanced energy mix, but we still need new energy capacities, from various sources, not just nuclear, based on ...
EU leaders to discuss strategic gas reserve at summit: von der Leyen
Thursday, October 7, 2021
European Union leaders will discuss later in October the idea of setting up an EU strategic gas reserve and the decoupling of electricity prices from gas prices, the head of the European Commission Ursula von der Leyen said on Tuesday (5 October), quoted by euractiv.com. Speaking to reporters in Estonia, von der Leyen said the surge in electricity prices for European ...
Iohannis: European Commission commits itself to bring some solutions to energy prices increase within a week
Thursday, October 7, 2021
President Klaus Iohannis said on Wednesday that, after the informal meeting of the European Council, the European Commission has committed itself to come up with some solutions on increasing energy prices."We had an informal discussion last night and I think two conclusions are very important, which were drawn from the discussions that lasted until late at night. The first is related to the way in which we, the EU, see ourselves in the global politics, the ...
The minister of energy: Romania will build with American, Canadian and French partners the two reactors in Cernavoda
Thursday, October 7, 2021
Decarbonisation without nuclear energy is impossible, that is why, Romania will build with American, Canadian and French partners the two reactors in Cernavoda, announced on Wednesday the minister of energy Virgil Popescu following the plenary session’ Building a green future – getting to net zero’. Moderated by John Kerry, special envoye of the president of US for ...
Romgaz and ExxonMobil extend negotiations on Deep Water XIX Neptune Zone perimeter
Thursday, October 7, 2021
Romgaz and ExxonMobil announced on Tuesday that they extend the exclusivity period from October 15, 2021 to November 15, 2021 for negotiations on the purchase of all shares issued by ExxonMobil Exploration and Production Romania Ltd., that holds 50% of rights received and obligations assumed through the Concession Accord for oil exploration, development and exploitation in the Deep Water XIX Neptune ...
Romgaz to double indebtedness for taking over Black Sea offshore project stake
Thursday, October 7, 2021
Romanian state-controlled natural gas company Romgaz confirmed in a note to investors that it ...
Romgaz sets operational and green targets for 2030
Thursday, October 7, 2021
The shareholders of state-controlled Romgaz, the largest gas producer in the country, were expected to vote on the company's development strategy for the period 2021-2030. Romgaz's strategic objectives are to reduce emissions of carbon, methane and other gases by at least 10% (by 2030 compared to 2020), an annual decline in gas production of less than 2.5%, an EBITDA operating profit margin between 25 - 40% and a ROACE ...
Borosan: Interconnection of the Iasi-Ungheni-Chisinau gas pipeline is of major importance for the Republic of Moldova
Thursday, October 7, 2021
The Iasi-Ungheni-Chisinau gas pipeline is already interconnected and this means diversifying Moldova’s gas supply routes, which will certainly increase the competitiveness of the gas market, said Constantin Borosan, Secretary of State for Energy, Ministry of Infrastructure and Regional Development, within the ...