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Energy & Environment

1,238,183 tonnes of oil equivalent (toe) the crude oil and/or petroleum products emergency stocks în 2016

Thursday, August 11, 2016

The Government adopted on Wednesday a decision setting at 1,238,183 tonnes of oil equivalent (toe) the crude oil and/or petroleum products emergency stocks that need to be set up and maintained in 2016 under the Law ...

2,281green certificates traded in the first seven months of 2016

Thursday, August 11, 2016

 The number of green certificates traded in the first seven months of this year on the Centralized Green Certificates Market was 2,281, about 15.7 times down from the 35,875 units traded in the similar period of 2015, shows data released by the electricity market operator OPCOM. A number of 71 sale and just one purchase offer were launched in July, and only one green certificate was traded for 132.4045 lei. No green certificate was traded in the similar ...

Sale of greenhouse gas emissions allowances brings state budget EUR 15.8 mln in July

Thursday, August 11, 2016

The Romanian state budget has grossed over 15.8 million euros in July, after marketing greenhouse gas emissions allowances associated to stationary installations and the aviation sector on the European Union Emissions Trading System (EU ETS), business-review.eu informs. In July over 3.3 million allowances related to stationary allowances with a value of around EUR 15.7 million. A total of 14,000 ...

Kazakh investor creating major BlackSea energy hub in Romania

Thursday, August 11, 2016

* The owners of Kazakhstan’s state oil company have warned that a probe by Romanian prosecutors that has already seized $2.1 billion in assets threatens efforts to help safeguard EU energy supplies, writes Martin Banks for eureporter.co KazMunaiGas (KGMI) says it is contributing to EU energy security by helping move Romania off Russian oil and investing billions in thedeveloping Romanian ...

Rompetrol Downstream opened two new filling stations in the first half of 2016

Thursday, August 11, 2016

KMG International, through its company Rompetrol Downstream, opened two new filling stations in the first half of the year and continued the modernization of the exiting gas stations. The sum of the investments so far has amounted $7 million,energynomics.ro informs. By the end of 2016, the company has planned to expand the network in Romania with 9 other new filling stations. The two new filling stations have an average of 15 employees each, and ...

Coal production, down by 11.8pct in the first five months of 2016

Thursday, August 11, 2016

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The coal net production of Romania has totaled 1.647 million tonnes of oil equivalent (toe) in the first five months of 2016, by 11.8pct (219,800 toe), smaller than the one in the similar period of 2015, according to centralized data by the National Institute of Statistics ...

Russia-Turkey rapprochement revives Turkish Stream pipeline talks

Thursday, August 11, 2016

Turkey’s President Recep Tayyip Erdogan said on Monday (8 August) that Ankara was ready to take steps towards the implementation of the Turkish Stream gas pipeline project, EurActiv.com reports. Bypassing Kyiv, and punishing Sofia for having obstructed the construction of scrapped South Stream, the new Turkish Stream pipeline will travel across the Black Sea to the Turkish city of Ipsila, close to the Greek-Turkish ...

EU allocates €187.5 million for Finnish-Estonian gas link

Thursday, August 11, 2016

 The European Commission has allocated €187.5 million for building a gas pipeline, the Balticconnector, between Finland and Estonia, the Commission said Wednesday (10 August) quoted by EurActiv.com and Reuters. The pipeline across the Gulf of Finland would link the Finnish gas grid to the Baltic States, and further to Poland, helping to create a regional gas market and ending the Nordic country’s dependence on gas imports from ...

ANRE approves Development Plan of electric transport network in next 10 years; estimated investments of 5 billion lei

Thursday, August 4, 2016

 Romania?s energy regulator - ANRE approved the Development Plan of the electric transport network (RET) for the following 10 years, until 2025. Planned investments amount to 5 billion lei and do not include coupling of new users to the grid, according to a press release of Transelectrica Electric Energy Transport, posted on Bucharest Stock Exchange website. RET will be extended by the construction of new lines and upgrading of existing ...

Oil&gas exploration projects worth over USD 100 mln blocked in Romania

Thursday, August 4, 2016

The head of the National Agency for Mineral Resources, Sorin Gal, says that several exploration projects in the oil and gas sectors are blocked in Romania due to the current legal framework, business-review.eu informs. He said the the Petroleum Law has to be amended because at this moment energy companies have problems doing exploration works on private land. „Unfortunately, the law in Romania is not very clear. (…) ...

Statistics: Oil imports up by 15.2pct, production down by 4.1pct January through May

Thursday, August 4, 2016

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Romania imported in the first five months of 2016 some 3.147 million tonnes of oil equivalent (toe) by 414,500 toe (15.2pct) more than the one imported in the similar period of 2015, according to centralized data released by the National Institute of Statistics (INS). The oil production totaled 1.509 million toe, being by 4.1pct (63,900 toe) smaller than the ...

MOL Group Completes Acquisition of Eni’s Downstream Oil Business in Hungary

Thursday, August 4, 2016

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* Acquisition provides excellent growth opportunity with good retail positions in Budapest and highways * Deal fully in line with MOL Group’s strategy of retail expansion and further downstream integration * Retail network expansion further strengthens MOL Group’s leading role in CEE * In the last two years, MOL Group acquired around 450 filling stations across 5 ...

EurActiv:Three reasons to repurpose the Energy Union

Thursday, August 4, 2016

* The Energy Union is great on paper, but so far the European Commission has failed to provide it with a modern, engaging vision. Eckart Würzner sees three key reasons why the executive should do so and how it can achieve it, EurActiv.com reads. Dr. Eckart Würzner is the mayor of Heidelberg and president of Energy Cities. It has been a month since the UK’s vote to leave the EU sent political ...

US energy envoy: North Stream 2 could resurrect cold war divisions

Thursday, August 4, 2016

The controversial North Stream 2 gas pipeline project has the potential to resurrect cold war divisions in Europe, US Energy Envoy Amos Hochstein said, before calling for greater competition with Russia’s Gazprom through increased LNG imports. Amos Hochstein is US Special Envoy for International Energy Affairs. He spoke to EurActiv Slovakia.  What do you do? I am the ...

Bihor: unit for the production of electricity out of biomass, unique in the country, finalised with European funds

Thursday, July 28, 2016

The installation for the production of electricity out of biomass in Sacuieni has become functional by the finalisation of a unique project at the level of public authorities in Romania, developed with European funds by the Association for the intercommunity development (ADI)Ecoland Bihor made up of the Bihor County council, the Sacuieni Townhall and the Diosig hall. ‘Our project is unique in the country. It is the only public authority in the ...

KazMunayGas sent the Government a notification demanding the start of consultations with the Romanian state

Thursday, July 28, 2016

KazMunayGas sent the Government on July 25 a notification demanding the start of consultations with the Romanian state in the matter on the lien placed on the company by judiciary authorities, the Government's spokesman Liviu Iolu said in a Wednesday's briefing at Victoria ...

Repower sells Romanian operations to Swiss MET Group

Thursday, July 28, 2016

Swiss energy group Repower said on Tuesday it has sold its Romanian operations to Swiss-based commodity trader MET Group, which is focused in the European natural gas, power and oil markets, for an undisclosed sum, seenews.com reports. The decision follows Repower's announcement in December 2015 regarding the realignment of its business model to focus on the Swiss and Italian markets, it said in a statement. The deal is expected ...

Bilateral cooperation agreement in electricity, initialed between Moldelectrica, Transelectrica

Thursday, July 28, 2016

Romania and Moldova have initialed, through IS Moldelectrica and Transelectrica, the bilateral cooperation agreement in electricity, including also investment to upgrade and develop electricity infrastructure in Moldova, according to a press release of the Ministry of Economy, Trade and Relations with Business Environment (MECRMA). "Yesterday [Tuesday, July 26, 2016] Chisinau hosted the meeting of the Joint Working Group on Energy within the ...

Grants for projects of cutting the greenhouse gas emissions

Thursday, July 28, 2016

The energy producers who are unfolding projects for cutting the greenhouse gas emissions and production modernization, included in the National Investments Plan (PNI) could apply for receiving 25pct of the value of the eligible expenditure, a communique by the Government informs. For the 29 investments approved within the said PNI, only three ...

Sentences Upheld in Petromservice Embezzlement Case

Thursday, July 28, 2016

Romania’s Court of Appeals upheld on last Friday the prison sentences of Romanian labor leader Liviu Luca and media mogul Sorin Ovidiu Vantu over a $US 92 million embezzlement scheme, occrp.org ...

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