RSS
Energy & Environment
Transgaz triples capacity of gas interconnector to Moldova
Thursday, July 8, 2021
Transgaz announced that from October 1, the technical capacity of the Ungheni interconnection point (IP) will increase on both directions. Thus, on the direction Romania – Republic of Moldova, the maximum technical capacity will be at the level of 5.076 mcm / day (0o C), respectively 57,542 MWh / day (15/15o C), and on the direction Republic of Moldova – Romania, the maximum technical capacity will be at the level of 0.93 mcm / day (0o C), respectively ...
Romania could benefit from almost 1 billion euros in European funds for hydrogen
Thursday, July 8, 2021
Romania could benefit from almost one billion euros in European funds for projects related to the production, transport and use of hydrogen, Corina Atanasiu, Secretary of State with the Ministry of Investments and European Projects (MIPE) told a press conference on Monday."We have two very important lines of funding to promote hydrogen as a green source and a vector of transition to a cleaner economy," she said.These are, first of all, ...
BVB and Envisia – Boards of Elite launched a partnership to strengthen boards of directors
Thursday, July 8, 2021
The Bucharest Stock Exchange (BVB) and Envisia – Boards of Elite have launched an educational partnership dedicated to players in the capital market: “Corporate governance that creates value”. The program is designed to boost the competitiveness of boards, promote good business practices and develop the skills and abilities needed by board members, thus contributing to building a strong corporate governance culture. The educational initiative is ...
The energy security of Romania can be endangered by the lack of investments in capacities for the generation of electricity
Thursday, July 1, 2021
The Coalition for the Development of Romania (CDR) sends a signal of alarm with regards to the importance of legislative framework to stimulate investments in new capacities to produce electricity by ensuring the right of the investors to sign bankable negotiated contracts on long terms, outside the centralized market.The representatives of CDR show that the energy security of Romania may be endangered by the lack of investments in capacities for the ...
Havrilet (Ministry of Energy): the offshore law may be amended this year
Thursday, July 1, 2021
The offshore law could be amended this year and will come with good signs for investors, announced Niculae Havrilet, director in the ministry of energy, in a specialty conference.At present, ExxonMobil and OMV Petrom are equal partners in the project Neptun Deep, where the explorations showed deposits estimated at 42-84 billion cubic metres. To compare, Romania produced last year 9.2 billion cubic metres.ExxonMobil announced its intention to give up ...
Enel X builds photovoltaic park for retailer Kaufland
Thursday, July 1, 2021
Enel X Romania, part of Enel X, the advanced energy services division of the Enel Group, is implementing a photovoltaic system for retailer Kaufland in Turda, in western Romania’s Cluj county, the company announced. The park, a EUR 1 million investment, will have an installed capacity of 1 MWp. The project involves the turnkey delivery of a system that integrates over 2,000 photovoltaic panels located on a plot of land in the vicinity of the Kaufland logistics ...
Fitch keeps investment grade rating for Romanian gas transporter Transgaz
Thursday, July 1, 2021
International rating agency Fitch Ratings has affirmed Romanian gas transporter Transgaz's Long-Term Issuer Default Rating (IDR) at ...
OMV Petrom announces roughly 70 ml euro investment to replace Petrobrazi refinery coke drums
Thursday, July 1, 2021
Energy company OMV Petrom will invest approximately 70 million euros to replace the coke drums at the Petrobrazi refinery; the new drums will be manufactured in Romania and are designed for a lifespan of over 20 years, the company said in a release.The process of replacing the coke drums will take place between 2021 and 2023 and approximately 11 million euros will be invested this year."OMV Petrom, the largest energy company in South-Eastern Europe, will invest ...
ANRE: Over half of energy consumers, on competitive market; for others, price rises by 3-13pct
Thursday, July 1, 2021
There are over half of the household electricity consumers on the competitive market at the end of June, and for the other consumers the active energy prices will go up by 3-13%, as of July 1, Zoltan Nagy-Bege the deputy chairman of the The National Authority for Energy Regulations (ANRE), told a specialty conference.Since January 1, 2021, regulated prices were eliminated. At that time, from the 8.9 million consumers, approximately 3 million already had newly signed ...
Eurowind gets permit for 66MW wind farm in eastern Romania, seeks financing
Thursday, July 1, 2021
Danish group Eurowind has obtained the permits, including from the grid operator, for a 66MW wind farm worth almost EUR 100 mln in Galati, in the eastern part of Romania. EWE Frumusita, the project company that develops the wind farm, obtained the network connection contract from Distributie Energie Electric? România (DEER), part of the Electrica group - the manager of the network where the investment would be ...
ROMATOM welcomes ratification by Parliament of Romania - US nuclear cooperation agreement
Thursday, July 1, 2021
The Romanian Atomic Forum ROMATOM, the representative body of the Romanian nuclear industry, welcomes the adoption by Romania's Senate of the bill on the ratification of the Agreement between the Government of Romania and the Government of the United States of America on cooperation in the Romanian civil nuclear energy sector, specifically for carrying out the refurbishment project of Cernavoda NPP Unit 1 and the construction of Units 3 and 4.This step proves ...
Wind industry installed a record 93 GW of new capacity in 2020, up 53%
Thursday, July 1, 2021
The wind industry installed a record 93 GW of new capacity in 2020, a 53% year-on-year increase, demonstrating the sector’s strong resilience despite the impacts of the COVID-19 pandemic. This was the best year for onshore wind in history and the second-best year for offshore wind, according to WindEurope. Last year 87 GW of onshore (75% from China and the US) and 6 GW of offshore wind power was installed (75% from ...
Transgaz CEO: Construction of Tuzla - Podisor Black Sea gas pipeline to start in fall
Thursday, June 24, 2021
Transgaz will start this fall building the Tuzla - Podisor pipeline which will be completed in about two years and will transport the Black Sea offshore gas production, the company's general manager Ion Sterian told a specialist conference today."As of March 1, the entire BRUA capacity is booked and between 4.2 and 4.7 million cubic meters of gas transit Romania daily via Arad-Szeged, Nadlac-Csanadpalota. I look forward to the Black Sea leaseholders making ...
Energy Minister: Exploitation of Neptun Deep Black Sea gas block to start towards end 2025-2026
Thursday, June 24, 2021
Extraction of the Black Sea natural gas will most probably start towards the end of 2025-2026, Energy Minister Virgil Popescu declared on Tuesday, mentioning that state-owned oil and gas company Romgaz is currently negotiating the acquisition of the 50 percent Neptun Deep stake."Back in 2008 ExxonMobil acquired 50 percent of the Black Sea Neptun Deep block. It still explores it in a joint venture with OMV Petrom. The operator is ExxonMobil. Romgaz is ...
Romgaz enters exclusive negotiations with ExxonMobil for Black Sea project
Thursday, June 24, 2021
Romanian state-controlled gas producer Romgaz (SNG) has entered exclusive negotiations with US oil group ExxonMobil for its stake in the Neptun Deep offshore gas project in the Black Sea. The exclusivity agreement is valid for four months, until October 15, 2021, Romgaz said in ...
OMV Petrom enters market for sale of liquefied natural gas
Thursday, June 24, 2021
OMV Petrom has obtained the license for the sale of liquefied natural gas, thus diversifying its activities on the market for the sale of gas and related products, according to a company's release issued on Monday.LNG (liquefied natural gas) offers a cleaner mobility alternative, with up to 15% lower CO2 emissions, 50% less nitrogen oxide emissions and 50% noise reduction compared to diesel trucks."OMV Petrom's entry into this market is a natural ...
Hidroelectrica begins "ample" modernization of hydropower plant on the Danube
Thursday, June 24, 2021
Romania's biggest power producer, state-controlled group Hidroelectrica, announced "ample and difficult" modernization works under a EUR 57 mln (EUR 11 mln) project at Iron Gates hydropower plant on the ...
Romgaz finally fires contractor for 430MW power plant
Thursday, June 24, 2021
The Romanian gas company Romgaz (SNG) informed investors about the termination of the contract for the 430MW Iernut gas-fired power ...
Electrica to set up renewable energy subsidiary
Thursday, June 24, 2021
Romanian electricity distribution and supply group Electrica (EL), where the Government is the biggest shareholder (48.8%), will set up a subsidiary to handle the group’s investments in the renewable energy generation and storage ...
Gross energy consumption in metallurgical industry down by 3.9 pct in 2020
Thursday, June 24, 2021
Gross energy consumption in the metallurgical industry was 55,643.5 TJ in 2020, down 3.9% from the previous year, according to data centralized by the National Institute of Statistics (INS).By field of use, the following consumptions were registered: for the furnace loading preparation section - 53.7%, for other uses - 17.1%, for the production of cast iron - 11.9%, for the production of steel - 6.1%, for electricity production - 5.9% and for rolling ...