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Energy & Environment

CNP: Romania's natural gas production will increase in the next three years

Thursday, June 15, 2017


Romania's natural gas production will increase steadily in the next three years, up to 9 million tons of oil equivalent (toe) in 2020, while imports will steadily decrease, to 700,000 toe also in 2020, shows the Prognosis of the energy mix published recently by the National Prognosis Commission (CNP). Thus, gas production will go up from 7.48 million toe in 2016 to 7.8 million toe in 2017 (+4.2 pct) to 8.2 million toe in 2018 (+5.1 pct), 8.6 million toe in ...

Commission passes the Nord Stream 2 buck to member states

Thursday, June 15, 2017

The Commission asked the member states on Friday (9 June) for a mandate to negotiate with Russia an agreement on the Nord Stream 2 gas pipeline project, Activ.com reads. The company in charge of the Gazprom-favoured pipeline reacted with dismay, saying the procedure is unnecessary. The European Commission announced that it is seeking a mandate to negotiate with the Russian Federation on the operation of the Nord Stream 2 gas pipeline ...

European energy security – under debate at the Romanian Energy Center, in Brussels

Thursday, June 15, 2017

Political and business leaders have recently met in Brussels for the sixth annual edition of the Romanian Energy Day, organized by the Romanian Energy Center, in collaboration with the European Parliament and with the support of the Permanent Representation of Romania to the European Union, energynomics.ro informs. Running over two days, talks focused on renewable energy sources and the fight against energy poverty, Brussels ...

Renewable energy grows 10% in 2016, due to smaller costs

Thursday, June 15, 2017

The new renewable energy capacity installed worldwide in 2016 was 161GW, a 10% rise on 2015 and a new record, according to REN21, a network of public and private sector groups covering 155 nations and 96% of the world’s ...

Competition Council investigates ENEL for possible abuse of dominant position

Thursday, June 8, 2017

The Competition Council has announced that it has carried out unannounced inspections at E-Distributie Muntenia (formerly Enel Distributie Muntenia) and at the offices of four companies that design and execute electrical connection systems: Electrical Power Consulting SRL, Simco International Impex SRL, the Institute for Studies and Power Engineering – ISPE SA and Servicii Energetice Muntenia SA, romaniajournal.ro reads. The inspections were conducted within the framework of ...

EC opens probe into suspected restrictions on Romanian gas exports

Thursday, June 8, 2017


The European Commission said on last Thursday it has opened a formal investigation to assess whether Romania's majority state-owned gas transmission system operator Transgaz [BSE:TGN] has abused its dominant market position to restrict gas exports, seenews.com informs. “The Commission's antitrust investigation will focus on indications that Transgaz has devised a strategy to restrict gas exports from Romania to other Member States,” the Commission said in a ...

Romania hails Azerbaijan's participation in energy security dialogue 

Thursday, June 8, 2017

Romania highly appreciates Azerbaijan's participation in international dialogues on energy security and energy diversification projects, said Romania's Deputy Energy Minister Iulian-Robert Tudorache quoted by http://en.trend.az/. He made the remarks during the 24th Caspian International Oil and Gas Conference in Baku June 1. "The Caspian Sea region has an important role in increasing the security of gas supply to the world energy landscape. This status offers a position of a ...

Gazprom and OMV sign framework agreement on small-capacity LNG in Black Sea

Thursday, June 8, 2017

The Austrian energy group OMV and the Russian group Gazprom signed a series of documents on Friday to develop their strategic partnership, including a small liquefied natural gas (LNG) terminal on the Russian Black Sea coast, OMV Petrom’s majority shareholder announced, energynomics.ro reports. According to OMV, Rainer Seele (OMV General Director ) and Alexey Miller (Gazprom General Manager) signed a Memorandum of ...

Deputies tighten penalties for crimes regarding waste

Thursday, June 8, 2017

The Committee for Environment and Ecological Balance of the Chamber of Deputies debated and amended GEO no. 68/2016 for amending and completing the Framework Law on waste regime no. 211/2011, a press release said quoted by energynomics.ro “The provisions of GEO no. 68/2016 aim at, on the one hand, the correct and complete transposition of Directive no. 98/2008 on waste and, on the other hand, encouraging the design of products that have a low environmental impact and generate a ...

Coal sector alone in celebrating US exit from Paris Agreement

Thursday, June 8, 2017

Donald Trump’s decision to take the United States out of the Paris climate agreement has been condemned by almost all of the country’s business community. Only the coal sector is openly celebrating the move. EURACTIV’s partner Journal de l’Environnement reports. America’s business leaders did not ...

Romania's Romgaz board approves additional dividend payout

Thursday, June 1, 2017

Romanian natural gas producer Romgaz [BSE:SNG] said on Tuesday its board of directors has approved the distribution of an additional dividend of 1.42 lei per share and set July 26, 2017, as the payment date, seenews.com informs.  Total additional dividend payout will stand at 547.3 million lei ($133.8 million/119.9 million euro), or 435.4 million lei from retained earnings and 111.9 million lei from a surplus achieved from ...

Rompetrol Downstream opened the first gas station equipped with electric cars charging points

Thursday, June 1, 2017


 Rompetrol Downstream, the retail division of KMG International group (former Rompetrol Group) opened on Friday the first gas station equipped with electric cars charging points, located in Bucharest on Chitilei street, following a 1.2 million dollar investment, stated Vlad Rusnac, the general manager of Rompetrol Downstream. "Even if the Romanian electric car market is in its early stage, we cannot ignore the international concern regarding the ...

Transgaz to invest more than 130 mln. euro in new pipelines to the Republic of Moldova

Thursday, June 1, 2017

Transgaz will build a new transport infrastructure so that the Romanian gas will reach over the Prut, energynomics.ro informs. The project is considered “of national importance” by the authorities in Bucharest, and once realized it would allow Moldavians across the Prut to use gas from what will be extracted from the Black Sea. The total cost of Transgaz’ project is 131,7 million euros and involves the construction of two new gas pipelines in the north-east ...

MOL Romania builds LPG terminal in Tileagd following an investment of more than EUR 2.3M

Thursday, June 1, 2017


* MOL Romania is building an LPG (liquefied petroleum gas) terminal at Tileagd (Bihor) * The investment exceeds EUR2.3M * The new terminal will be endowed with 4 LPG tanks; this is the first investment of this kind made by MOL Group in Romania MOL Romania, the ...

RWE takes 1% of the power supply market in Romania

Thursday, June 1, 2017

German holding RWE took over the majority of Fidelis Energy’s customer portfolio, which held a market share of nearly 1% on the electricity supply segment, C?t?lin Vi?an, director of Fidelis Energy, told energynomics.ro. Following the turmoil this winter, a few small suppliers went into insolvency or bankruptcy and customers were picked up by last-instance vendors (FUIs). Prices ...

Reuters: Black Sea Oil & Gas to start offshore gas production in 2019

Thursday, June 1, 2017

Black Sea Oil & Gas said it aims to start production at two gas fields off Romania by 2019, becoming the first company to tap the country's vast offshore resources, Reuters correspondent reports. The Romanian company, controlled by private equity firm Carlyle Group LP ...

Why investors want greater ambition for the Clean Energy Package

Thursday, June 1, 2017


The goals of EU energy policy going forward must be ambitious if European countries want investors to provide the capital required to realise a smooth transition to a low-carbon economy and the growth this could generate, writes Stephanie Pfeifer formEurActiv.com. (Stephanie Pfeifer is CEO of the Institutional Investors Group on Climate Change (IIGCC), a collaborative forum with over €18 trillion in assets under management, ...

OECD Nuclear Energy Agency (NEA) welcomes two new member countries : Argentina and Romania

Thursday, May 25, 2017


On 17 May 2017, upon recommendation of the Steering Committee for Nuclear Energy, the Council of the Organisation for Economic Co?operation and Development (OECD) agreed to invite the Argentine Republic and Romania to become full members of the Nuclear Energy Agency (NEA) and its Data Bank, yourindustrynews.com informs. These accessions will be formalised with official exchange of letters between each country and OECD Secretary?General Angel Gurría in June ...

Grindeanu: Energy independence is the goal Romania seeks to achieve

Thursday, May 25, 2017

Energy independence is the goal Romania seeks to achieve, Prime Minister Sorin Grindeanu said on Wednesday, pointing out that, at the shortest time possible, the investments at Cernavoda power plant Units 3 and 4 will be ...

EBRD is providing a 5-million-USD loan to Expert Petroleum

Thursday, May 25, 2017


The European Bank for Reconstruction and Development (EBRD) is providing a 5-million-USD loan to Expert Petroleum to finance the enhancement of Romanian mature oil and gas onshore fields, according to an EBRD press statement released on ...

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