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Energy & Environment
Rompetrol may remain closed up to half a year after July 2 explosion
Thursday, July 22, 2021
Romania's biggest refinery Petromidia, controlled by the Kazakh state-owned group KMG (48.1%) but with the Romanian state owning a big share as well (44.7%), will remain closed for three to six months ...
PNE Group buys 220MW wind farm projects in Romania
Thursday, July 22, 2021
The German renewable energy projects developer PNE Group sold to an unnamed investor three wind farm projects in Romania, with a total installed capacity of up to 220 ...
Romania ranks 29th in 104-country ranking for fuel purchasing power
Thursday, July 22, 2021
With 669 litres of fuel (down from 673 last year) that a resident can buy from an average net wage, Romania ranks 29th among the 104 global countries ranked ...
Electrica delivers PV installation to industrial group Uztel
Thursday, July 22, 2021
Electrica Furnizare, the supply arm of electricity supply and distribution group Electrica, developed a photovoltaic power facility with a total installed capacity of 306.4 kWp for the industrial equipment manufacturer Uztel. "Electrica Furnizare announces the commissioning of a photovoltaic power plant, with a total installed capacity of 306.4 kWp, for Uztel, a ...
Gas imports up by 24.5 pct January through May, output down by 1.8 pct
Thursday, July 22, 2021
Romania imported, in the first five months of 2021, a quantity of usable natural gas of 1.8 million tons of oil equivalent (toe), by 24.5 pct (212,200 toe) higher than in the similar period of 2020, according to data centralized by the National Institute of Statistics (INS).The domestic natural gas production was, in the mentioned period, of 3.133 million toe, being by 1.8 pct (58,300 toe) below that of the period January-May ...
Serinus Energy finds gas in Sancrai - 1 well in Romania
Thursday, July 22, 2021
Oil and gas exploration company Serinus Energy said on Thursday that it discovered gas during the drilling of the Sancrai - 1 well in Satu Mare in Romania. The well was drilled five days ahead of schedule and approximately 19% below budget, Serinus said in a press release. The company will now proceed to perforate ...
Romania gets Russian gas at the lowest price in Europe in Q1
Thursday, July 22, 2021
The price paid by Romania for the Russian natural gas in the first quarter of the year (Q1) was the lowest in Europe, lower than the prices on the local markets and in Europe, only the Azeri gas delivered to Bulgaria was cheaper - according ...
EIB confirms EUR 120 million support for the distribution operator of Electrica Group to upgrade electricity distribution networks
Thursday, July 22, 2021
First 120 million long-term EIB loan from EUR 210 million facility signed during high-level visit New financing to connect more than 180,000 customers, increase network capacity and improve reliability and quality of electricity supply Investments to support ...
V. Popescu: The renewables target has already been increased to 34%
Thursday, July 22, 2021
Minister of Energy Virgil Popescu had meetings with members of the European Commission in which he detailed the projects from PNRR, announcing that the proposed target for renewables has already been increased to 34%, according to an interview offered to economedia.ro. “We had two very important meetings. ...
European Green Deal: Commission proposes transformation of EU economy and society to meet climate ambitions
Thursday, July 15, 2021
Today (Wednesday, July 14 -e.n.), the European Commission adopted a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. Achieving these emission reductions ...
Nuclearelectica has a new strategic vision, nuclear will replace coal
Thursday, July 15, 2021
Nuclear power will provide about 35% of the country’s consumption needs by 2030, by operating four CANDU nuclear units, according to a statement from Nuclearelectrica (SNN) regarding the adoption of a new strategic and long-term sustainable vision. “We are currently at the stage where our history and role so far make us responsible for looking carefully to the future. SNN’s mission, vision and values ...
WEC's Iancu: Romgaz can support Black Sea offshore drilling investment, should be operator
Thursday, July 15, 2021
Romanian gas producer Romgaz has the capacity to support investment in the Neptun Deep deep-water offshore gas field development project in the Black Sea and should be the operator of this project, Chairman of the Romanian National Committee of the World Energy Council Iulian Iancu told a news briefing on Tuesday."I think so, I think it can support the investment [under the Neptun Deep deep-water offshore gas field development project] if it takes over Exxon's ...
Final electrical energy consumption up 6.3 pct in first five months
Thursday, July 15, 2021
The final electrical energy consumption in the first five months of 2021 was of 23.177 billion kWh, by 6.3 higher than in the corresponding period of 2020, according to data published on Tuesday by the National Institute for Statistics (INS).Public illumination recorded a drop by 4.7 pct, and the population's consumption grew by 8.8 pct.The main primary energy resources increased, in the January 1 - May 31, 2021 period, by 8.8 pct, and the electrical ...
Energy Minister: Romania will be able to receive gas from Azerbaijan in July 2022
Thursday, July 15, 2021
The Bulgaria-Greece gas interconnector will be finalized until July 2022, so that gas from Azerbaijan will reach Romania, wrote, on Facebook, Energy Minister Virgil Popescu."Today [Friday - e.n.] I had a working meeting with my counterpart from Bulgaria - Energy Minister Andrey Zhivkov, on the sidelines of the participation in the Three Seas Initiative Summit in Sofia. The discussion focused on future actions to strengthen bilateral relations between ...
35% of Romania's electricity after 2030 will be nuclear
Thursday, July 15, 2021
Nuclear energy will provide about 35% of the country's consumption needs by 2030, by operating four CANDU nuclear units, according to a statement from Nuclearelectrica (SNN). Romania's Parliament on June 22 ratified the Memorandum between the United States and Romania on the cooperation in the civil nuclear sector, a memorandum provisioning for the expansion of Romania's sole nuclear plant located at ...
Alro, the biggest electricity consumer, must rely on spot market
Thursday, July 15, 2021
Romania's biggest electricity consumer, aluminium maker Alro, must cover some 30% of its consumption through purchases on the spot market after several suppliers terminated their ...
Schneider Electric and Wärtsilä Launch World’s First Sustainable Lithium Mining Power Solution
Thursday, July 15, 2021
New power system enables sustainable and otherwise impossible lithium mining in areas without grid access, unlocking global market supply Delivers average 27% CapEx saving and 20% CO2 reduction Accelerates mining ...
CEZ Romania submitted a list of projects worth 500 million euro from European Funds to the Ministry of Energy
Thursday, July 8, 2021
CEZ Romania submitted a list of projects worth 500 million euro to the ministry of energy in order to access European Funds, stated on Tuesday Doina Vornicu, the operations manager of the company, in a press conference.‘Over the last four years we drew European funds worth 60 million euro, a part of it has already been used and another part is being used now. We go on with these measures and we prepare for future opportunities for financing. ...
Petromidia Refinery blast: Fire started at gasoline hydrofining installation; pipe probably cracked
Thursday, July 8, 2021
Rompetrol Refinery Director General Felix Crudu-Tesloveanu said on Friday that the fire at Petromidia started at the gasoline hydrofining installation and the ensuing blast generated three more outbreaks, with the probable cause being a cracked pipe.He said that the fire broke out on a platform where there is various industrial equipment and where five people were working. Four of them were injured and one was found dead."Unfortunately, a fire ...
Court approves insolvency of electricity trader Getica 95
Thursday, July 8, 2021
The court in Buz?u admitted at the beginning of this month the request for insolvency filed for Getica 95, the biggest independent electricity trader, a business of RON 1.5 bln (EUR 300 mln) owned by the businessman Viorel Tudose. The insolvency request was filed by creditors and not the company itself - as Tudose announced in June. Tudose said at that time that the company faces cash flow and not ...