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Energy & Environment

MOL SECURES ADDITIONAL LICENCES FOR ITS KEY STRATEGIC INVESTMENT INTO THE PROPYLENE OXIDE VALUE CHAIN

Thursday, October 19, 2017

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MOL Group has signed another contract with thyssenkrupp to produce polyether polyols and propylene glycol MOL Group has now secured all technology licenses and engineering resources for each production unit of the Polyol Project The Polyol Project will be the largest investment project of MOL Group in 2017-21 MOL will move ...

Parliament votes new ANRE leadership

Thursday, October 19, 2017

MPs have appointed a new management team at the helm of energy regulator ANRE. Dumitru Chirita (left of picture) was voted as the new president of the energy watchdog, while Nagy Bege Zoltan was named vice president, business-review.eu reports. Corneliu Sulgher and Gheorghe Gabriel Gheorghe will be the new members of the regulation committee of ANRE. All four have 5-year mandates. Chirita is replacing ...

Romania's Romgaz signs 103 mln lei (22.5 mln euro) deal with Transgaz

Thursday, October 19, 2017

Romanian natural gas producer Romgaz [BSE:SNG] said on Tuesday it has signed a 103.2 million lei ($26.5 million/22.5 million euro) one-year contract for gas transmission services with the country's Transgaz [BSE:TGN], seenews.com reports. The payment was made for services in the October 1, 2017-October 1, 2018 delivery period, Romgaz said in a statement filed with the Bucharest Stock Exchange, BVB. Romgaz's net profit surged ...

IAEA Mission Says Romania Strengthened Regulatory Safety Framework, Sees Areas for Enhancement

Thursday, October 19, 2017

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An International Atomic Energy Agency (IAEA) team of experts said Romania has significantly strengthened its regulatory framework for nuclear and radiation safety, including through approval of a National Strategy on Nuclear Safety and Security (NSNSS) and progress related to the management of radioactive waste and nuclear spent fuel, iaea.org informs. The team also made new recommendations for further improvement.  The Integrated Regulatory ...

The Romanian Energy Efficiency Forum 2017: Energy efficiency projects developed in Romania, favoured sectors and available financing solutions

Thursday, October 19, 2017

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 The Romanian Energy Efficiency Forum, the most important annual event dedicated to the development of sustainable energy programs, reached its fourth edition on Thursday, October 12. At the discussion table came key people in this sector, from Government representatives, specialists from project developers, large profile companies, and banks that can fund this sector. Organized by the Romanian Association for the Promotion of Energy Efficiency ...

Vast Resources posts record quarterly ore output at Romanian mine

Thursday, October 19, 2017

UK-based Vast Resources said on Monday that it has posted record ore output at its Manaila Polymetallic Mine in Romania in the third quarter of the year, seenews.com informs.  This result has been unsurpassed since commissioning of the mine by Vast in August 2015, the company said in a press release. In the July-September period, the quantity of ore mined at Manaila jumped by 46% on the quarter to 40,462 dry tonnes, while ...

 Havrilet: Romania does not have enough capacity for energy production

Thursday, October 19, 2017

Romania does not have enough electricity production capacities, so that when consumption increases, there are problems with ensuring the supply and security of the national energy system, romaniajournal.ro informs, Niculae Havrilet, President of the National Authority for Energy Regulation (ANRE), stated on Thursday at the hearings of the commission established to investigate the activity of the Authority. He was asked by the President of the Committee ...

Hravilet: EC warns Romania for blocking gas exports

Thursday, October 19, 2017

The European Commission sent the Romanian authorities a letter to warn that the infringement procedure against Romania for blocking gas exports could move to a new stage if Parliament approves the mandatory trading of 70 percent of gas volumes on the exchange, president of the National Energy Regulatory Authority (ANRE) Niculae Havrilet said on Thursday during hearings in the ...

Hydropower output dropped 27.3 percent in the first eight months of 2017

Thursday, October 12, 2017

Romania's hydropower output dropped 27.3 percent in the first eight months of this year to 10.19 billion kWh, while the output of thermal power plants advanced 12 percent to 18.46 billion kWh, and nuclear power output inched up 2.7 percent to 7.47 billion kWh, shows data released on Wednesday by the National Institute of Statistics ...

20 British nuclear companies chose Romania to promote their expertise in Central and Eastern Europe

Thursday, October 12, 2017

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A delegation composed of 20 nuclear companies participated in Bucharest at the largest promotional event organized by the British Department for International Trade outside the UK, energynomics.ro informs. Representatives of the British Nuclear Industry Association and of the British Nuclear Decommissioning Authority have presented collaborative opportunities argued by the long tradition of the companies from the Kingdom in the commercial exploitation of nuclear ...

SOCAR launches its 39th filling station in Romania

Thursday, October 12, 2017

The Eastern Europe bureau of Report News Agency was informed in the SOCAR Petroleum SA that this is the second filling station to be launched under SOCAR brand in Brasov city, one of the Romanian tourism centers, http://news.az/ informs.  Three ...

Canada's Euro Sun Mining gets $8.6 million financing for Romanian ops

Thursday, October 12, 2017

Canadian exploration and development company Euro Sun Mining said on Monday it has secured an $8.6 million (7.32 million euro) financing mainly for Romanian operations, seenews.com reads. Euro Sun closed a non-brokered private placement financing of 6,144,291 common shares at a price of $1.40 per share, it said in a press release. The company intends to use the funds for the advancement of its wholly-owned Rovina Valley project ...

Enel: consumers will control the energy market, investments în digitalisations needed

Thursday, October 12, 2017

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 In the future, consumers will control the energy market and companies will be able to facilitate this by investing in digitalisation, head of Enel Romania's Sustainability and Public Affairs Alessio Menegazzo said on Friday, attending the Aspen Bucharest ...

First stage of Vast Resources drilling in Carlibaba, completed

Thursday, October 12, 2017

The first 1,000 m from a total of 2,200 m of the drilling program implemented by Vast Resources in Carlibaba has confirmed the development of a new surface mine close to the mine in Manaila, romaniajournal.ro informs. The drilling of Carlibaba confirms the presence of extensive resources of polymetallic ore (copper, zinc, lead, silver and gold), which can extend the life of the Manaila mine by more than 10 years. Thus, the company can develop a new ...

Buildings law gets preliminary stamp of approval from European Parliament

Thursday, October 12, 2017

* MEPs on Wednesday (11 October) backed a revision of the Energy Performance of Buildings Directive (EPBD) after a draft report managed to win broad support from across the political spectrum in a key Parliament committee, euractiv.com reads. Members of the European Parliament’s Committee on Industry, Research and Energy (ITRE) yesterday formally adopted their position on the revised EPBD, which includes long-term national renovation ...

BSE’s largest energy companies get excellent scores in the Whitebook on Communication

Thursday, October 12, 2017

 Nuclearelectrica got the maximum score in the quality of communication with investors as assessed by the Bucharest Stock Exchange marketing team, energynomics.ro informs. Except for those in insolvency or in judicial reorganization (e.g. Energopetrol, Condmag, Dafora), the energy companies have scored excellent, with Conpet, Electrica, OMV Petrom, Transelectrica, Romgaz and Transgaz getting at least 9 out of 10 points. PetrolExportImport and Oil ...

Central-Eastern European pipeline gets go-ahead

Thursday, October 5, 2017

An ambitious gas pipeline project connecting Bulgaria, Romania, Hungary and Austria received a shot in the arm on Thursday (28 September), when all of the involved parties signed a memorandum of understanding for the project, a vital part of Europe’s efforts to wean itself off Russian gas, euractiv.com reports. The four countries pledged to get the BRUA pipeline off the ground as soon as possible during the fourth Central and South ...

EC: Strengthening solidarity between Central and South-Eastern European Countries

Thursday, October 5, 2017

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Commission Vice-President responsible for the Energy Union Maros Sefcovic Commissioner for Climate Action and Energy Miguel Arias Cañete and Energy Ministers from 9 EU Member States and 8 Energy Community Contracting Parties met in Bucharest and agreed to reinforce their regional cooperation, a statement released by EC reads. Cooperation under the Commission Initiative on Central and South-Eastern European Energy Connectivity (CESEC), launched ...

Vice-President of EC Sefcovic: Enhancing efficiency, best measure against energy scarcity

Thursday, October 5, 2017

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Energy efficiency is the best measure in the fight against energy scarcity and will lead to curbing energy bills as well as to protecting the environment, stated on Thursday Maros Sefcovic, Vice-President of the European Commission, present in Bucharest at the CESEC (Central and South Eastern Europe Gas Connectivity) meeting. According to him, all our countries should learn how to use public budget money, from the European Union's budget, to add to ...

Commissioner Canete: independence of regulators in the energy field is essential for markets to function

Thursday, October 5, 2017

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Regulatory authorities in the energy field must be independent and autonomous, in accordance with the European legislation, and the European Commission will take all the necessary measures to make sure that member states comply with their obligations in this area, European Commissioner for Energy Miguel Arias Canete told a press conference held on Thursday in ...

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