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Energy & Environment

Russian PM: Turkish Stream will enter EU via Bulgaria or Greece

Thursday, May 25, 2017

Russia is in negotiations with Greece and Bulgaria regarding the entry point on EU territory of the Turkish Stream gas pipeline, Russian Prime Minister Dmitry Medvedev is quoted as saying by the Russian press, euractiv.com informs. The Gazprom-sponsored pipeline Turkish Stream, also called TurkStream, will pump 31.5 billion cubic metres per year of Russian gas to Europe under the Black Sea, helping Moscow limit the gas transit through Ukraine. Its ...

PM Grindeanu met KazMunayGas officials at Victoria Palace

Thursday, May 25, 2017

At a meeting on Monday at the Government House with officials of Kazakhstan's state-run oil and gas corporation KazMunayGas, Prime Minister Sorin Grindeanu reconfirmed his cabinet's openness to investment in Romania, according to a Government release The Romanian Government says in a press statement that also attending the meeting were executives of the corporation's KazMunayGas International branch and of China Energy Company Ltd. (CEFC), the future ...

Romania imported 537,300 toe worth of usable natural gas between January and March 2017

Thursday, May 25, 2017

Romania imported 537,300 tonnes of oil equivalent (toe) worth of usable natural gas in the period between January and March 2017, by 332.3 percent (413,000 toe) more than in the similar period of 2016, according to the data centralized by the National Institute of Statistics ...

Romania imported 1.65 million toe of crude oil în Q1 2017

Thursday, May 25, 2017

 In Q1 2017, Romania imported 1.65 million toe of crude oil, down 162,600 toe, or nine percent, from Q1 2016, according to data with the National Statistics Institute ...

SOCAR expands filling stations network in Romania

Thursday, May 25, 2017

Azerbaijan's state oil company SOCAR increased the number of its filling stations in #Romania to 36, said the company in a message May 19 quoted by ...

Negative record of green certificate transactions: Only 26 sold out of over 9 million

Thursday, May 25, 2017

The sale of green certificates stagnates close to zero, although 9.3 million units are available in the market, energynomics.ro reports. Although the government approved the legislation amending Law 220/2008, which should have had major effects on the market, in reality they are not seen at the expense of small renewable energy producers, PATRES officials say. “On May 18, 2017 took place the monthly trading session on the centralized green ...

Caragele natural gas reserve , the most important natural gas discovery after 1989

Thursday, May 18, 2017

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The Caragele natural gas reserve is expected to yield between 25 and 27 billion cubic metres, as this is the most important natural gas discovery after 1989, Prime Minister Sorin Grindeanu said last ...

Nuclearelectrica posts 84 million lei in Q1 2017 net profit, up 25.7pct y-o-y

Thursday, May 18, 2017

Romania's nuclear power producer Nuclearelectrica (BVB-SNN) has posted 84 million lei in Q1 2017 net profit, up 25.7 percent y-o-y, according to the company's Q1 2017 financial results submitted to the Bucharest Stock Exchange (BVB). The earning before interest and tax (EBIT) advanced 41.5 percent, while the earnings before interest, tax, ...

Romgaz Medias closed Q1 2017 with a net profit of 565.88 million lei

Thursday, May 18, 2017

The National Natural Gas Corporation Romgaz Medias closed Q1 this year with a net profit of 565.88 million lei, up 15.7 pct from the 489.3 million lei posted in the same period of 2016, shows data referred to the Bucharest Stock ...

ANRE: electricity price could increase by no more than 1 pct from July 1

Thursday, May 18, 2017

 The electricity price could increase by no more than 1 pct from July 1, when the market will be liberalised by another 10 pct, said Niculae Havrilet, president of the National Regulatory Authority for Energy ...

OMV Petrom posted a net income of 618 million lei in Q1 2017

Thursday, May 18, 2017

Oil and gas group OMV Petrom posted a net income of 618 million lei in Q1 2017, more than twofold (114 pct) the 288 million lei reported in the similar period of 2016, as shows the consolidated financial statement released on ...

PRIMARY ENERGY RESOURCES INCREASED BY 1.5% IN THE FIRST QUARTER OF 2017

Thursday, May 18, 2017

-In the first quarter of 2017, primary energy resources increased by 1.5%, while those of electricity increased by 0.9%. Imports accounted for 35.8 pct of the main primary energy resources in Q1 2017, out of a total of over 8.46 million tonnes of oil equivalent, the National Institute of Statistics (INS) said in a release on ...

Romania's Transelectrica posts drop in Q1 profit on lower tariffs, higher expenses

Thursday, May 18, 2017

Romanian power grid operator Transelectrica [BSE:TEL] said on Monday its net profit fell 28% on the year to 71 million lei ($16.9 million/15.6 million euro) in the first quarter of 2017, due to lower regulated transport tariffs and higher operating costs,seenews.com reports. "Decreasing financial results compared to the first quarter of last year were negatively influenced by decreasing of transmission tariffs by 11%," Transelectrica said in a filing ...

Rompetrol Rafinare, 15% higher turnover in the first quarter of 2017

Thursday, May 18, 2017

Rompetrol Rafinare, a company member of the KMG International Group, earned a gross turnover of USD 821 million in the first quarter of 2017, 15% higher than the same period of last year according to the unaudited consolidated financial statements prepared in compliance with the International Financial Reporting Standards, a press release sent to ACTMedia informs. EBITDA in the first quarter of this year remained at the similar level of the first quarter of 2016, namely USD ...

Coal production in Romania totalled în Q1 of this year 2.208 million toe

Thursday, May 18, 2017

The net coal production in Romania totalled in the first quarter of this year 2.208 million toe, being 5.1 percent (59,100 toe) higher than in the same period of 2016. In the aforementioned period, Romania imported 86,100 toe net coal, 35,000 ...

Eurostat: Netherlands, Cyprus Lithuania, Romania and Ireland reported the largest decreases in household electricity prices în H2 of 2016

Thursday, May 18, 2017

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Between the second half of 2015 and the second half of 2016, the largest decreases in household electricity prices, in national currencies, were reported in the Netherlands, Cyprus Lithuania, Romania and Ireland, according to data released by the Eurostat statistics office of the European Union on ...

MOL GROUP Q1 2017: ROBUST EARNINGS GROWTH FOR ALL BUSINESS SEGMENTS

Thursday, May 11, 2017

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MOL Group delivered CCS EBITDA of USD 614 mn, a 21% increase year-on-year Upstream’s contribution increased by 50% compared with Q1 2016 All time high first quarter results in both Downstream and Consumer Services (Retail) Net profit up by 24% year-on-year to USD 323mn Friday, ...

Works on the Bulgaria-Romania-Hungary-Austria (BRUA) gas pipeline to start this November

Thursday, May 11, 2017

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Romania's Transgaz natural gas transmission company is expecting works on the Bulgaria-Romania-Hungary-Austria (BRUA) gas pipeline to start this November, with the pipeline estimated to cross nearly 20,000 private lands, Romania's Economy Ministry said Wednesday in a press statement. "Transgaz is about to complete the environmental and social assessment reports for the project," Iulian Butnaru, manager at the BRUA project management unit is quoted as ...

EnergMin Petcu: Electrica files bid to take over CEZ Bulgaria

Thursday, May 11, 2017

Romania's electricity supplier and distributor Electrica has filed a bid to take over the shares held by the CEZ company in Bulgaria, Romania's Energy Minister Toma Petcu told online publication DC News in an interview on Tuesday. "Electrica has filed a bid to take over the shares CEZ holds in Bulgaria. It is about the company that provides electricity to ...

Enel to install over 150,000 smart meters in Romania this year

Thursday, May 11, 2017

Italian utility Enel will install over 150,000 smart meters in Romania this year, adding to the 140,000 units it already rolled out for its customers in 2016, business-review.eu informs. The smart meters will be installed in Muntenia Sud, Dobrogea and Banat, the areas in which Enel has its distribution operations. “The digital transformation brought by smart meters bring place the consumer in the center of our attention, ...

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