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Energy & Environment

Nuclearelectrica approves 166 ml euro worth of plan to expand Cernavoda used fuel storage capacity

Thursday, July 28, 2016

The shareholders of National Company Nuclearelectrica approved in their sitting this week the expansion of the intermediary spent fuel storage facility, under a project worth 166 million euros (749 million lei) VAT included, company documents said. Nuclearelectrica representatives said the project is necessary to extend the service life of Reactors 1 and 2, ...

Bulgaria Says Gas Link with Romania to Be Completed in Autumn 2016

Thursday, July 28, 2016

Bulgaria will have its gas interconnection with neigbouring Romania completed in the autumn, Energy Minister Temenuzhka Petkova has said quoted by novinite.com. Petkova and her Romanian counterpart Victor Vlad Grigorescu on Saturday inspected the site of the construction of the underwater section of the gas link at Marten, in Ruse Region on the Bulgarian bank of the Danube. "All ...

Transgaz and Ukrtransgaz sign interconnection agreement for Transit 1 Isaccea-Negru Voda pipeline

Thursday, July 28, 2016

In order to facilitate cross-border gas flows and provide free and non-discriminatory access to the natural gas transmission infrastructure, Romania's National Gas Transmission Company Transgaz and the Natural Gas Transmission System Operator of Ukraine - Ukrtransgaz on Wednesday signed the Interconnection Agreement for the Interconnection Point 'Isaccea' located at the Ukrainian - Romanian border near Orlovka, Ukraine and near Isaccea, Romania, informs a Ukrtransgaz ...

Romania's Nuclearelectrica extends talks with China's CGN for new NPP units

Thursday, July 28, 2016

Nuclearelectrica, the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said on Thursday it has extended negotiations with China General Nuclear Corporation (CGN) for the construction of reactors 3 and 4 until end-August, seenews.com informs. The agreement regarding negotiations extension also includes the possibility of each party to cease the memorandum of understanding without any compensations in case an agreement is ...

The offshore drilling safety law was promulgated

Thursday, July 28, 2016

President Klaus Iohannis on Thursday signed a decree promulgating an offshore drilling safety law, under which a regulatory authority for offshore drilling in the Black Sea is also established. The law tram slates to the national legislation European regulations that regard the minimum requirements to prevent major oil drilling incidents and to contain any such incident that may occur in the Black Sea area under Romania's ...

Court of Accounts compels Romgaz to recover 160 million lei prejudice from illegal gas sales

Thursday, July 21, 2016

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The Court of Accounts found out following investigation at Romgaz that the producer had sold gas of over 160 million lei disregarding the law. The court asked the company to recover the prejudice, as shown by the report summoning the General Assembly of Romgaz Shareholders on August 11. “According to subjective and wrong interpretations of the law by auditors of the Court of Appeal, the decision compels Romgaz to take measures and recover money ...

Romania signs back-up gas link agreements with Bulgaria, Ukraine

Thursday, July 21, 2016

Romanian, Bulgarian and Ukrainian gas transmission system operators signed on Tuesday interconnection agreements for a back-up gas link under the Danube river, the European Commission said. The gas network operators of Bulgaria and Greece signed a similar interconnection agreement in June. "These agreements are a crucial step towards opening the Trans-Balkan pipeline system between Greece and Ukraine to transport gas and trade ...

Romania's Romgaz signs 191.6 mln lei (42.8 mln euro) contract with E.ON Energie

Thursday, July 21, 2016

Romanian natural gas producer Romgaz said on Tuesday it has signed a contract worth 191.6 mln lei ($47.3 million/ 42.8 mln euro) with a local unit of German utility E.ON – Energie, seenews.com reports. The agreement is an addendum to a contract originally signed in 2015 and increases the total value of the initial contract by 3.2% from 504.9 million lei to 521.1 million lei, Romgaz said in a statement filed with the Bucharest Stock Exchange, ...

INTERVIEW KMGI VP: We keep calm and focus on business despite precautionary attachment

Thursday, July 21, 2016

The precautionary attachment ordered by the Directorate for Investigating Organized Crime and Terrorism (DIICOT) on the assets of Rompetrol Rafinare does not hamper the current operations of the company, asserts KazMunayGas International (KMGI, formerly Rompetrol Group) Vice President Catalin Dumitru in an interview to Agerpres. The judiciary procedure, however, has frozen major investment projects and prevented drawing funds, he ...

Azerbaijan, Romania to boost co-op in gas transportation

Thursday, July 21, 2016

Azerbaijan’s state oil company SOCAR and Romania’s state-owned company Transgaz agreed to step up cooperation in the natural gas transportation, SOCAR said in a message July 19 quoted by http://en.trend.az/. The two sides signed a memorandum of understanding during a meeting of SOCAR President Rovnag Abdullayev with Romanian delegation that included the member of the European Parliament Ramona Nicole Manescu, Transgaz Board Chairman Ion ...

Romania’s government plans changes in renewable sector: The green certificates’ market is not working, says minister

Thursday, July 21, 2016

The minister of energy, Victor Grigorescu, says the government is currently working with the European Bank for Reconstruction and Development (EBRD) on several scenarios considering the difficult market conditions for the renewable industry, business-review.eu said. “Considering that the we don’t have a consensus, we have commissioned a study together with our colleagues from the EBRD to work on several scenarios and to come up in the ...

EurActiv: EU unveils national CO2 emission targets

Thursday, July 21, 2016

“These targets are realistic, fair and flexible,” EU Commissioner for Climate Action and Energy Miguel Arias Cañete said on Wednesday after the EU unveiled national targets for cutting greenhouse gases in ‘non-ETS’ sectors by 2030. Sectors like transport, buildings, agriculture, waste, and land-use are not covered by the EU Emissions Trading System but contribute to global warming.  Today’s Effort Sharing ...

EDF scientific chief: A 100% renewable energy system is impossible

Thursday, July 21, 2016

Fossil-fueled power is still necessary to balance the intermittency from renewable electricity production. But costs are rapidly dropping, and the socio-economic drivers are in place to support the transition towards renewable energy, says Jean-Paul Chabard, Scientific Director for Research and Development at EDF, Europe’s largest electricity utility. Chabard spoke to Pavol Szalai, Senior Editor ...

EurActiv:Brexit’s impact on fracking and carbon storage under spotlight

Thursday, July 14, 2016

The UK’s Environment and Climate Change Committee (ECCC) has launched an inquiry to explore the implications for its climate policy of leaving the European Union, amid major concerns over the uncertain futures of shale gas exploration and carbon capture and storage (CCS). EurActiv’s partner edie.net ...

Moise, Patres: Who wants the bankruptcy of the renewables industry?

Thursday, July 14, 2016

The decision of the Regulatory Authority (ANRE) to reduce the share of subsidies to 8.3% of the energy produced for the renewable industry could send into bankruptcy smaller players, already struggling with negative yields for quite a while,energynomics.ro reads. Players in the market told energynomics.ro that there are wind projects already closing, without mentioning, though, which. Investors in renewables, who injected about 7-8 billion euros in Romania, found themselves ...

Renewable crisis in Romania: EUR 2 bln thrown out the window over legal changes, says Eric Stab

Thursday, July 14, 2016

Romania has attracted around EUR 7 billion worth of investments in the renewable sector between 2008-09 and 2013, but the losses in the sector are to the tune of billions of euros, according to Eric Stab, the president of the Foreign Investors’ Council, quoted by business-review.eu. “Based on the information available, out of those EUR 7 billion, there were already something like EUR 2 billion that were written off. Basically, money that unfortunately has already ...

Transelectrica and Transgaz have signed memoranda of understanding in Vietnam

Thursday, July 14, 2016

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Romania's national electricity grid operator Translectrica and national natural gas transmission operator Transgaz have signed memoranda of understanding in Vietnam concerning future cooperation in areas of mutual interest. The Romanian Ministry of Economy says in a press statement that officials of the two companies were part of a ...

Iancu: Coal will never compete with other energy sources

Thursday, July 14, 2016

Coal is uncompetitive and this aspect was known when the previous energy sector legislation was drafted , in the early 2000s, says Iulian Iancu, chairman of the Industry and Services Commission from the Chamber of Deputies. “This law has not been amended since 2012 until today. In Romania’s energy mix, the manufacturer that have the highest cost for energy production, ie those using coal – are required to operate under exclusive market conditions that have been ...

PRIMARY ENERGY RESOURCES INCREASED BY 0.3% DURING 1.I – 31.V.2016

Thursday, July 14, 2016

During 1.I – 31.V.2016, primary energy resources increased by 0.3%, while those of electricity increased, as compared to the same period of previous year, by 2.9%. The main primary energy resources during 1.I – 31.V.2016 amounted to ...

CEZ Vanzare is providing energy for Renault Romania from July 1

Thursday, July 14, 2016

CEZ Vanzare is the official energy supplier for automobile producer Renault Romania, starting from July 1,business-review.eu informs. This is the first collaboration between the energy provider and Renault Romania since the launch of CEZ Vanzare in 2007. The company will distribute energy to Renault Romania’s main sites, the DACIA factories and Titu Technical Centre of Renault Technologie Roumanie. The annual energy consumption for the DACIA site reaches approximately 304 GWh ...

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