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Energy & Environment

Paris climate accord to take effect on November 4

Thursday, October 6, 2016


* A global agreement to combat climate change will take force after support from European nations sent the accord across an important threshold on Wednesday (5 October), prompting US President Barack Obama to hail it as a “historic day” for protecting the planet, EurActiv.com reads. European nations, Canada, Bolivia and Nepal raised backing for the 2015 Paris Agreement to countries representing 56.87% of world ...

16 energy companies in Romanian top 50 by turnover, in 2015

Thursday, October 6, 2016

16 energy companies appear in the top of the 50 biggest companies from Romania in 2015 compiled by Ziarul Financiar, quoted by energynomics.ro. OMV Petrom remains in the second position after Automobile Dacia SA, with its business of fuels selling and in the third position with its extraction activities. Rompetrol Rafinare appears on the fourth position. Rompetrol ...

Large companies should fear this: households to become energy independent

Thursday, October 6, 2016

Half of EU citizens – including local communities, schools and hospitals – could be producing their own renewable electricity by 2050, meeting 45% of the EU’s energy demand, according to new research quoted by euractiv.com, quoted by energynomics.ro.(http://www.euractiv.com/section/energy/news/study-maps-potential-of-energy-citizens-in-push-for-renewable-power/?nl_ref=21694417) The study, performed by Dutch consultancy firm CE Delft, ...

EBRD mulls lending 41 mln euro to Romania, Moldova for natgas pipeline expansion

Thursday, September 29, 2016

The European Bank for Reconstruction and Development (EBRD) said on Wednesday it is considering to lend 41 million euro ($45.9 million) for the construction of a new natural gas trunk pipeline which will bring gas to Moldova's capital, Chisinau, from Romania, seenews.com informs. The new 120 km pipeline will have a diameter of 600 mm with a capacity of 1.5 billion cu m per year and will connect the existing gas infrastructure networks in Ungheni in Moldova and Iasi in Romania, the ...

KMG International – a large contributor to Romania’s economy, supporting the national development and growth

Thursday, September 29, 2016

KMG International is a foreign direct investor of major relevance for Romania, supporting budgetary revenue of 3%, placing 1,6 billion $ during 2007-2015, ensuring 44.6% of the country’s refining capacity and contributing to its energy security, according to a study conducted by the Academy of Economic Studies, Bucharest, in July- September 2016, quoted by the company în a statement sent to ACTMedia. „KazMunayGas – the national company of ...

Giurgiu-Russe interconnection project: main gas pipeline placed under Danube river

Thursday, September 29, 2016


The main gas pipeline of the Giurgiu-Russe interconnection project was placed under the Danube river, Transgazinformed in a press release. Works were completed on Sunday, September 25, business-review.eu reads. On Saturday, Minister of Economy and Deputy PM Costin Borc made a work visit at the building site of the interconnection project between Romania and Bulgaria and met with representatives of companies Transgaz, Inspet and Habau. The ...

Bulgaria Should Prioritize Gas Links with Greece, Romania - EU Official

Thursday, September 29, 2016

Bulgaria should work to complete the interconnectors linking its gas transportation networks with Greece and Romania, the EU Commission spokesperson for Specific Energy Union Projects has said quoted by novinite.com. Jakub Adamowicz's comments for the Bulgarian National Radio ...

Gas Generator Sets to Guarantee Operation of the Natural Gas Network in Romania

Thursday, September 29, 2016

HIMOINSA generator sets are supplied with natural gas from the Transgaz transport network and guarantee operation of the control equipment in the handling stations during winter snowstorms, power-technology.com reports. HIMOINSA has supplied generator sets to Transgaz, the national company responsible for gas transportation in Romania, through its distributor All Generating. The generator sets provide emergency power to the control centres in the handling stations, thereby preventing ...

Building industry demands stronger leadership on energy efficiency

Thursday, September 29, 2016

Leading voices from Europe’s building industry have called on the Commission to do more to improve the energy efficiency of Europe’s building stock, saying this would benefit the economy and the climate, euractiv.com reads. A group of 42 CEOs from some of Europe’s major construction ...

Transgaz signs Memorandum with DESFA

Thursday, September 29, 2016


Transgaz SA, the Romanian natural gas transport operator signed on Tuesday a Memorandum with DESFA, the operator of the National Natural Gas System in Greece and of the National Natural Gas Transport System and the GNL terminal on Revithoussa island, the company announced in a press release. The signing of the document is meant to jointly approach existing and future projects on gas transport, according to EU laws. Representatives of the two companies discussed the need to ...

Costin Borc (minister of Economy): Binding offer for Oltchim by year-end

Thursday, September 29, 2016

Economy minister Costin Borc reiterates the possibility of obtaining a binding offer for Oltchim Ramnicu Valcea, without specifying whether there are already negotiations or any group interested in taking over the insolvent chemical plant, energynomics.ro informs. “By the year-end I think we’ll have a binding offer from an investor, foreign or Romanian. The climate is very good now to find an investor to continue to develop the viable part of Oltchim”, said the ...

Investments in electricity transport and distribution grids administered by CEZ Distributie

Thursday, September 22, 2016

Over 1.4million users in Arges, Dolj, Gorj, Mehedinti, Olt, Teleorman and Valcea will benefit in 2016 from parametres of improved quality of the delivered electricity. The CEZ Distributie spokesperson Roxana Margineanu stated that this is possible by allocating the sums of 166.37 million lei with investments and 166.70 million lei for operation in the seven counties where they operate. ‘At the same time, these investments ...

The government wants to offer state aid of 62 million lei to save the National Company of Uranium

Thursday, September 22, 2016

Romania notified the European Commission for the approval of an individual state aid of 62 million lei to save the National Company of Uranium (CNU) as this company is in the impossibility to continue its activity, according to a draft of emergency ordnance initiated by the ministry of energy. ‘The ministry of energy is authorised to offer aid under the format of loan in two parts within the limit of 62,000 lei for a period of 6 months to the ...

MOL Group Wins Petroleum Economist Award 2016 for Best Downstream Company of the Year

Thursday, September 22, 2016

* MOL Group Downstream is recognized as the best of the energy industry * Rewarded for clear business strategy, employee development and innovative approach * n 2015, Downstream delivered its historically strongest ...

Romania's Romgaz signs 76.5 mln lei (17.1 mln euro) contract with Transgaz

Thursday, September 22, 2016

Romanian natural gas producer Romgaz [BSE:SNG] said on Tuesday it has signed a 76.5 mln lei ($19.2 million/17.1 mln euro) contract with Romanian gas transmission company Transgaz [BSE:TGN] for the supply of gas for technological consumption, seenews.com reports. The payment was made for the September 16, 2016-October 1, 2017 delivery period, Romgaz said in a statement filed with the Bucharest Stock Exchange, BVB. In the first ...

Romania's OMV Petrom to pay dividend of at least 30% of 2016 net profit

Thursday, September 22, 2016

Romania's top oil and gas group OMV Petrom [BSE:SNP] said on Tuesday it expects to pay a dividend of at least 30% of its 2016 net profit, seenews.com informs. "OMV Petrom currently targets, subject to adverse developments in the external market, a proposed dividend from the 2016 net earnings of a minimum of 30% in the case it is fully covered by the company's free cash flows before dividends," executive Board member Lacramioara Diaconu-Pintea said in a ...

Bulgaria-Romania Gas Link 'Hopefully Ready' by End of Year

Thursday, September 22, 2016


  Bulgarian Energy Minister Temenuzhka Petkova has voiced her hope that the construction of an interconnector with Romania will be complete by the end of 2016, becoming the country's first gas link with a neighboring state, novinite.com reports. At an energy conference dedicated to energy security in Southeast Europe, Petkova has underlined that the government must work hard ...

Minister Grigorescu: development of the Black Sea energy resources represents a priority for Romania

Thursday, September 22, 2016


The development of the Black Sea energy resources represents a priority for Romania, being the key to the energetic security of the country in the next decade, Minister of Energy Victor Grigorescu considers. According to a release of the relevant Ministry, Victor Grigorescu will pay a working visit to the Central Oil Rig of OMV Petrom, one of the seven production oil rigs operated by the company in the shallow waters of the Black Sea. The visit takes place in ...

Reuters: Gazprom wants more than 25 percent of OMV North Sea assets

Thursday, September 22, 2016

Gazprom wants more than 25 percent of OMV's Norwegian North Sea holding company but is being prevented from taking a larger stake by Norway, the Russian company's deputy told Reuters on last Thursday. Under an asset swap plan, Austrian energy company OMV is due to get a 24.9 percent stake in a part of one of Gazprom's Siberian fields while the Russian company will in turn get a slice of OMV's North Sea assets in ...

Dan Catalin Stancu, the new elected General Director of Electrica

Thursday, September 22, 2016

The Electrica S.A. Board of Directors has appointed Dan Catalin Stancu in the position of General Manager. He will assume this responsibility as of October 24th, 2016, energynomics.ro informs. Dan Catalin Stancu succeedes as General Manager to Ms. Iuliana Andronache – CFO, who ensured the interim, since March 2016. “The selection of the ...

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