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Energy & Environment

Metea (Romgaz): Gas market liberalization is a challenge

Thursday, March 23, 2017

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For Virgil Metea, general manager of Romgaz, the liberalization is a challenge. “From a personal point of view, the liberalization is a challenge, perhaps because we have to answer some questions, about how prepared we are, regarding what competition means, what monitoring means and what tax regime means”, said Metea, quoted by Agerpres Romgaz has paid last year an additional income tax amounting to 291,4 ...

Energy analyst: Nord Stream 2 should be decided by European Court of Justice

Thursday, March 23, 2017

In the past, European legislation was applied to pipelines coming to EU territory from the outside. This may apply to Nord Stream 2 as well, energy analyst Sijbren de Jong told EURACTIV Slovakia. Sijbren de Jong is a strategic analyst at the Hague Centre for Strategic Studies ...

Gazprom takes Moldova to court over unpaid gas bill

Thursday, March 23, 2017

Gazprom has sued Moldova’s national gas grid operator Moldovagaz in Russia’s International Commercial Arbitration Court demanding payment of US$768.6 million for natural gas supplied in 2014, energynomics.ro reads. The Russian gas giant filed the suit in February, according to a prospectus it issued for an upcoming Eurobond issue. No date has been set yet for the hearing. This is the third time the companies will face off in court. Gazprom ...

Energy sector in Romania is subject to a series of challenges that derive from its alignment to European energy policies

Thursday, March 16, 2017

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 The energy sector in Romania is subject, at present, to a series of challenges that derive from its alignment to European energy policies, declared on Wednesday, in a speciality conference, Bela Balazs, director of the Energy Management Department of Romgaz. "The energy sector in Romania is subject, at present, to a series of challenges that derive from its alignment to the European energy policies. It has been a difficult period at the beginning of the ...

Reuters: Nord Stream 2 not a project of common interest, Commissioner Margrethe Vestager said

Thursday, March 16, 2017

The Nord Stream 2 gas pipeline which aims to bring Russian gas to Germany under the Baltic Sea is not a "project of common interest" to the EU, the European Union's competition commissioner said on Monday, quoted by Reuters. "On the legal side of things, it has become very clear that the Commission does not find that the Nord Stream 2 project will be a project of common interest," EU Competition Commissioner Margrethe ...

A third of Romanians will have smart meters installed during the next three years

Thursday, March 16, 2017

The National Authority for Energy Regulation (ANRE) proposes the installation of smart meters for 30% of the electricity consumers by 2020, following that by 2026, all the users to benefit from intelligent metering, according to a draft order, energynomics.ro informs. “The national implementation plan of the SMI (smart metering installation – e.n.) takes place in two phases as follows: Phase I of the national plan for implementing the SMI ...

Over EUR 20.9 million were cashed in February by the state from the greenhouse gas emissions certificates

Thursday, March 16, 2017

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Over EUR 20.9 million were cashed in February by the state from the greenhouse gas emissions certificates after trading on the EU joint bid platform of the GHGs related to the stock-still installations, reads a document published on the Public Finance Ministry (MFP)'s website. According to the source, traded were 4.1 million certificates related to the parked installations. Last year, the state cashed rd EUR 195 million including the aviation sector's sums, ...

PRIMARY ENERGY RESOURCES INCREASED BY 12.8% DURING 1.I – 31.I.2017

Thursday, March 16, 2017

- During 1.I – 31.I.2017, primary energy resources increased by 12.8%, while those of electricity increased, as compared to the same period of previous year, by 2.4%. The electricity output increased by 3.4 pct in the first month of this year compared to the similar month last year, to 6.45 billion kWh, due to the 5 pct advance of hydro-electric power plant output (about 1.22 billion kWh) and 4.4 pct of thermo power station output (3.35 ...

Romania's gas market not ready for full deregulation - industry

Thursday, March 16, 2017

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Romania's gas market is not ready for a sudden price liberalisation planned for next month, as the final price for households could jump, the Federation of Associations of Energy Utility Companies, ACUE, said on Friday, quoted by seenews.com. Although it fully supports the liberalization of the gas market in Romania, ACUE thinks the process should be carried out gradually, it said in a press release. The Romanian natural ...

EurActiv: Green future can’t happen without consumers

Thursday, March 16, 2017

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Klaus-Dieter Borchardt, a top European Commission official, declared that Europe’s transition to a green future will be impossible without the support of consumers, but admitted that the executive had been terrible at communicating its work, during a debate held last Thursday, 9 March, EurActiv.com informs. Members of the panel discussed possible solutions to the problems the clean energy movement is facing in ...

Electrica’s operational profit up 3%

Thursday, March 16, 2017

The Electrica Group recorded in 2016 an operating profit of 586 million lei, which represents an increase of 3% compared to 2015, according to a press release issued to energynomics.ro. Electrica Group’s total operating revenues in 2016, amounting to 5.761 million lei, increased by 47 million lei compared to 2015. “This increase in revenue is due, mainly, of the gain resulting from the deconsolidation of ...

MOL Group’s gasoline sales up by 10 pct, Diesel fuel up by 13.5 pct in 2016 in Romania

Thursday, March 9, 2017

MOL Group reported in Romania a 10 percent increase in the volume of gasoline sales, and a 13.5 percent increase inDiesel fuel sales in 2016. The MOL Group reported an USD 941 million profit, according to the company’s financial results published on Tuesday in Budapest, business-review.eu informs. The financial data shows that MOL obtained an operational result of USD 2.15 billion and a net profit of USD ...

EnerMin: BRUA pipeline to operate in 2020 when Exxon, Petrom will extract Black Sea gas

Thursday, March 9, 2017

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The works at the BRUA (Bulgaria - Romania - Hungary - Austria) pipeline will start at end-2017, and the gas pipeline will turn operational in 2020, when ExxonMobil and OMV Petrom will commence to extract natural gas from the Black Sea, the Energy Minister, Toma Petcu told the public broadcaster Radio Romania Actualitati. "According to the calendar assumed by ...

Romania's Nuclear Regulatory Mechanism Strengthened

Thursday, March 9, 2017

Romania has a stronger nuclear regulatory system following a capacity building project that was completed recently, agreed participants of a roundtable in Bucharest on Friday. The project led to strengthening of the Romanian National Commission for Nuclear Activities Control (CNCAN) in enhancing safety and security, radiation protection, emergency preparedness, knowledge management, inspection processes at nuclear facilities, radioactive waste management and ...

Vast Resources confirms higher grades of silver, copper, lead, zinc at Romanian tailings dam

Thursday, March 9, 2017

UK-based mining company Vast Resources said on Monday it has confirmed significantly higher grades of silver, copper, lead and zinc at Faneata tailings dam located near the Baita Plai Polymetallic Mine (BPPM) in Romania, seenews.com reports. Vast Resources started drilling in the area in November 2016 and  made 33 surface drill holes, covering 630 metres, the company said in a press release. The results showed a noticeable rise in the average ...

Norwegian delegation came to visit investments unfolded under the 'Green Path towards Sustainable Development' project

Thursday, March 9, 2017

A Norwegian delegation is visiting on Thursday the sites of the investments unfolded under the 'Green Path towards Sustainable Development' project funded from a EEA 2009 - 2014 grant and implemented by the Sibiu Environmental Protection Agency, the Ministry of Environment said in a release on ...

Romania's energy min, China's CGN to step up talks on NPP units

Thursday, March 9, 2017

Romania's energy ministry said on Thursday that it intends to speed up negotiations with China General Nuclear Power Corporation (CGN) on the construction of reactors 3 and 4 of Romania's sole nuclear power plant (NPP) Cernavoda, operated by Nuclearelectrica [BSE:SNN], seenews.com informs. "The negotiations have lasted too long and it is time to get closer to a decision. In the coming period, the ministry will attach priority importance to the talks in ...

Nord Stream 2 financing model to be ready by year end - OMV

Thursday, March 9, 2017

* "We must do it this year, and next year construction should begin," CEO of Austrian OMV Rainer Seele told TASS Companies, participating in construction of the Nord Stream 2 gas pipeline will decide on the financing model before the year ends, CEO of Austrian OMV Rainer Seele told TASS on Friday. "We must do it this year, and next year construction should begin," he said. "We are in the phase of agreeing with the ...

Minister Tudose: We want to transform Romania in an energy hub in the Balkans

Thursday, March 9, 2017

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The authorities want to transform Romania in an energy hub in the Balkans with the help of Transgaz and Transelectrica companies, announced, on Thursday, when taking office, the new Economy Minister, Mihai Tudose.  "We already established for the next week a meeting with the Defence Minister in order to come to an agreement on the situations of the Romanian Army and the production capacity of the Romanian defence industry. In the shortest ...

PM Grindeanu supports the listing process of Hidroelectrica

Thursday, March 2, 2017

 Premier Sorin Grindeanu expressed willingness to support the listing process of Hidroelectrica, during a meeting of government and Fondul Proprietatea officials. We had a working meeting with the ...

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