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Energy & Environment

Imported natural gas will cover one quarter of Romania's consumption in January 2017

Thursday, January 5, 2017

Imported natural gas will cover one quarter of Romania's consumption in January 2017 and Russian gas will provide for 4.35 percent of the households' consumption, a document of the National Energy Regulatory Authority (ANRE) informs. Of January's total gas demand estimate of 19.9 million MWh, current imports will account for 4.5 million MWh, specifically 23 percent. The current domestic production is 9.7 million MWh, and the domestic ...

Nuclearelectrica and Canada's Cameco concluded a new contract for the purchase of uranium

Thursday, January 5, 2017

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National nuclear power corporation Nuclearelectrica (SNN) and Canada's Cameco concluded a new contract for the purchase of uranium at the equivalent price of 373.58 lei per kilogram, in line with the market price, the Romanian energy producer said in a Wednesday release. SNN came up with these specifications in response to the Tuesday announcement of the Energy Ministry, that it had requested the Competition Council to verify if the price asked by Cameco for ...

Compulsory share of 8.3 percent for electric power from renewable sources approved by Ciolos government

Thursday, January 5, 2017

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The Government approved in its last sitting  a decision in regards to establishing a compulsory share of 8.3 percent for electric power from renewable sources that will benefit next year of green certificates, a release of the Energy Ministry ...

Electricity tariffs by 1.9 pct lower for household consumers

Thursday, January 5, 2017

 Household consumers will pay for electricity tariffs by 1.9 pct lower on average, starting with January 1st, 2017, according to decisions taken by the Regulatory Committee of the National Regulatory Authority for Energy ...

Romania gas price down under RON 5/litre, energy and train tickets prices fall in early 2017

Thursday, January 5, 2017

The first day of the year brought a drop in prices by approximately 10 percent for gas and diesel fuel, up to RON 5/litre, business-review.eu informs. This was due to the reduction of VAT from 20 percent to 19 percent, and especially to the elimination of the additional excise of 7 eurocents/litre of  fuel. Also, the energy and ticket prices registered a drop on January 1. However, for the next period, some increases in the price are possible due ...

Competition Council analyzes Mazarine Energy’s acquisition of assets owned by OMV Petrom

Thursday, January 5, 2017

The Romanian Competition Council analyzes the deal through which OMV Petrom SA sells some oil fields to Mazarine Energy, according to a release of the anti-trust watchdog, business-review.eu reads. The transaction includes the take over by Mazarine Energy Romania SRL of all the rights and obligations from 19 oil rights agreements owned by OMV Petrom with its assets, rights and employees involved in the exploitation of oil ...

EBRD plans to lend 70 mln euro to back Romania's residential sector green development

Thursday, January 5, 2017

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The European Bank for Reconstruction and Development (EBRD) said on Friday that it aims to lend up to 70 million euro ($73.8 million) to support investments in Romania's residential sector covering energy efficiency, building-integrated renewable energy and water efficiency measures, seenews.com reports. To that end, the EBRD is planning to launch a Romania Green Economy Financing Facility, the EBRD said in a press release. The ...

Romania’s Nuclearelectrica to invest 287.3 mln lei (63 mln euro) in 2017

Thursday, January 5, 2017

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Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant Cernavoda, says it plans to invest 287.3 million lei ($66 million/63 million euro) next year, seenews.com informs. Some 87% of the total investment will be directed into the maintenance and modernization of the two nuclear reactors at Cernavoda, Nuclearelectrica said in its budget plan posted on its website on Wednesday and pending approval from the company's ...

European Commission approves amendments to Romanian green certificates support scheme

Thursday, January 5, 2017

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The European Commission announced on 19 December 2016 its decision not to raise objections to Romania’s intention to amend its green certificates support scheme for promoting electricity from renewable sources , lexology.com reads. The decision was issued on 16 December 2016, three weeks after the registration of the Romanian government’s notification, and should be made available on the ...

Enel Distributie Banat changes name to E-Distributie Banat, Enel Distributie Dobrogea becomes E-Distribu?ie Dobrogea

Thursday, December 22, 2016

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According to the press release sent to ACTMedia, all Enel distribution companies in Romania have adopted the E-Distributie designation, after Enel Distributie Banat and Enel Distributie Dobrogea changed their names to E-Distributie Banat and E-Distributie Dobrogea, respectively. E-Distributie Muntenia was the first of the Enel distribution operators in Romania to adopt its new name, recently. The name changes of the ...

EIB and EBRD grant funding for natural gas pipeline project between Moldova and Romania

Thursday, December 22, 2016

The European Union, the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have granted €92m to fund the the construction of a natural gas pipeline from Romania to Chisinau, Moldova, http://transportationandstorage.energy-business-review.com/ ...

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 ...

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