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Energy & Environment

EIB lends 15.3 mln euro loan tranche to Romania for energy efficiency project in Bucharest

Thursday, December 22, 2016

The European Investment Bank (EIB) said on Wednesday it is lending Romania 15.3 million euro ($15.9 million) as the first tranche of a 40 million euro loan to finance an energy efficiency project in Bucharest, seenews.com reports. This is the second phase of the refurbishment programme covering multi-family housing in the municipality of Sector 6 of the Romanian capital city. The project is expected to result in savings of around 50% of the ...

Gas imported, in the first ten months of 2016, up by 720.2 percent

Thursday, December 22, 2016

Romania imported, in the first ten months of 2016, 620.900 tonnes of oil equivalent (toe) usable natural gas, by 720.2 percent (545,200 toe) bigger than imports in the similar period of 2015, according to data centralized by the National Institute of Statistics ...

KMG NC and CEFC – strategic partnership for developing oil & gas activities in Europe

Thursday, December 22, 2016

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KMG International salutes the today’s conclusion in Bucharest of the agreement between the National Company KazMunayGas Kazakhstan and CEFC (China Energy Company Limited) stating the commitment to pursue the transaction of buying 51% of KMGI shares, and signed a restated set of documents, thus confirming the solid partnership between the two ...

KMG International to raise the refining capacity to 10 mln tonnes of oil/year in Romania

Thursday, December 22, 2016

National company KazMunayGas Kazakhstan and China Energy Company Limited want to to raise the refining capacity to 10 million tones of oil/year in Romania and to build 200 new fuel filling points and a co-generation station on the Petromidia platform, according to a press release of KMG Interna?ional quoted by business-review.eu. „KMG International’s strategy with the new shareholders focuses on wider development projects, Romania ...

Energy Ministry : shareholders of the companies owned by the KMGI Romania will remain unchanged following the transaction CEFC

Thursday, December 22, 2016

The shareholders of the companies owned by the KMGI Romania will remain unchanged following the transaction between the Chinese company China Energy Company Limited (CEFC) and KazMunayGas (KMG), the representatives of the Energy Ministry (ME) mention in an official reply ...

EU countries stall over carbon market reform

Thursday, December 22, 2016

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After more than a year of negotiations, EU member states have come up short in their efforts to find common ground on a carbon market reform seen as necessary if the ambitions of the Paris Agreement on climate change are to be met ...

CE approved changes to renewables Law, final decision shifts to the next Government

Thursday, December 22, 2016

The European Commission adopted last Friday a decision authorizing the changes to the green certificates (CV) support scheme for the production of energy from renewable sources, announced the Ministry of Energy. “The European Commission welcomes the amendments as being in line with the Commission’s rules regarding the state aid. Along with the approval of the Commission all the legal conditions for the achievement of a reform in the renewable energy field, ...

Household final price of electricity might decrease 2-3 pct as of 1 January

Thursday, December 15, 2016

The household final price of electricity might decrease 2-3 pct as of 1 January, after the distribution and transport tariffs will be reduced 5-6 pct on average, the head of General Directorate on Energy Market with the National Regulatory Authority for Energy (ANRE), Marian Cernat, stated on ...

Claren Energy starts drilling Bobocu side-track well in Romania

Thursday, December 15, 2016

Canadian oil and gas group Claren Energy Corp, former Terra Nova Energy, said on  Monday it has commenced drilling operations at Bobocu gas field in Buzau county, in eastern Romania, seenews.com informs. Bobocu gas field is located in the foreland basin of the Carpathians and has an area of 25 km. It was discovered by Romania's natural gas producer and main supplier of gas Romgaz in the 1980s. Historical production at ...

PRIMARY ENERGY RESOURCES DECREASED BY 1.9%  DURING 1.I. - 31.X.2016 

Thursday, December 15, 2016

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- During 1.I. – 31.X.2016, primary energy  resources decreased by 1.9%, while  those of electricity decreased, as compared to the same period of previous year, by 0.5%. The final electricity consumption grew in January-October 2016 by 3.6pct, and the population's consumption advanced 0.4pct, the data released on Monday ...

Gas Flow via Bulgaria-Romania Link Hindered Until 2019

Thursday, December 15, 2016

The flow of gas through the interconnector between Romania and Bulgaria will not be fully enabled for the next two years, outgoing Energy Minister Temenuzhka Petkova said on Friday quoted by novinite.com. The lack of a compressor station on the Romanian side of the Danube (which serves as a natural border between the countries) impede the daily flow from Romania into Bulgaria, Petkova told ...

Romania's OMV Petrom, Hunt Oil start experimental gas production from Padina field

Thursday, December 15, 2016

Romania's top oil and gas group OMV Petrom [BSE:SNP] and U.S.-based Hunt Oil have started experimental gas production from the Padina North field, located in Buzau county, in southern Romania, OMV said on Thursday, quoted by seenews.com. 'With an average gross gas and condensate production stabilized at approx. 1,900 barrel of oil equivalent (boe) per day, in line with initial estimations, Padina North 1 well currently ranks among top wells in OMV ...

Romania imported 3.732 million toe of oil în the first nine months of 2016

Thursday, December 15, 2016

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In the first nine months of 2016, Romania imported 3.732 million toe of oil, up 380,000 toe, or 7.2 percent, from the same period of the year before, according to data with the National Statistics Institute ...

Elsaco Electronic and Itron will collaborate for water smart metering

Thursday, December 15, 2016

Itron and Electronic Elsaco signed, in November, a contract under which Elsaco Electronic will provide, based on Itron specifications, the software platforms for advanced solutions for detection of losses in water networks. The initiative is a key part in the Itron’s development strategy at international level. Itron and Elsaco are in close collaboration since 1995. For more than 10 years, the Romanian company is a key partner of reference of ...

EU countries near compromise on countering Russian gas supply risks

Thursday, December 15, 2016

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EU nations are edging toward a compromise on a proposal to guard against gas supply disruptions, agreeing to share details on contracts and cooperate across borders, the Slovak presidency said monday, 5 December quoted by EurActiv.com with ...

European founds to close two uncompetitive coal mines by 2018

Thursday, December 8, 2016

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The European Commission on Thursday found Romania's plans to provide 447.8 million lei of support to alleviate the social and environmental impact of closing two uncompetitive coal mines by 2018 to be in line with EU state aid rules. It also concluded the support would not unduly distort competition, according to a press statement released on Thursday by the Commission. Following the decision taken by Romania to close two uncompetitive coal mining units, in ...

Coal production, January-September, 2016 totalled 3.022 million toe

Thursday, December 8, 2016

Romania's net coal production, January-September, 2016 totalled 3.022 million toe, down 11 percent (374,600 toe) from the same period of 2015, according to data with the National Statistics Institute (INS). In the same period, Romania imported ...

Romanian and Belgian gas grid operators show interest in DESFA

Thursday, December 8, 2016

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A few hours after the breakdown in talks between Athens and Azeri state company Socar concerning the acquisition of a 66 percent stake in DESFA by the latter, it became known that Greece’s gas grid operator has attracted the interest of its Romanian peer Transgaz, while the interest of Belgian operator Fluxys remains unchanged, ekathimerini.com reads. This creates expectations for a successful new tender. At the same time ...

After the BRICs, it's time to focus on the VARPs

Thursday, December 8, 2016

* Emerging market equities were mostly wrong-footed by the US presidential election result, Tim Love, investment director for emerging market equities at GAM, said in a commentary for cnbc.com . If President-elect Donald ...

Report: EU on track to meet 2020 target for renewable energy

Thursday, December 8, 2016

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By EurActiv.com with AFP EU countries are on track to meet their 2020 targets for renewable energy and emissions cuts but could fall short of ambitious longer-term goals, the European Environment Agency (EEA) said on ...

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