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Energy & Environment

Transgaz, FGSZ wish to launch open season procedure for Romania - Hungary BRUA project's section

Thursday, August 3, 2017

Romanian and Hungarian gas grid operators Transgaz and FGSZ, respectively, wish to launch the open season procedure for the Romania - Hungary (ROHU) section of the BRUA project, with a bidirectional flow capacity of 1.75 billion cubic meters per year due to be ensured at the Romanian - Hungarian border by the end of 2019, according to a joint release of the two companies sent to the Bucharest Stock Exchange ...

ANRE approved reservation procedure on the segment between Romania and Hungary of the future BRUA pipeline

Thursday, August 3, 2017

The Regulation Committee of the National Energy Regulation Authority (ANRE) on Friday endorsed the handbook of the capacity reservation procedure on the segment between Romania and Hungary of the future BRUA pipeline, reads a communique of this authority."ANRE ...

ENEL NET ORDINARY INCOME +3.8% IN 1H 2017 THANKS TO REDUCTION IN FINANCIAL EXPENSES AND MINORITIES

Thursday, August 3, 2017

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Revenues: 36,315 million euros (34,150 million euros in 1H 2016, +6.3%) generalised growth in all countries more than offset the change in the scope of consolidation (Slovenské elektrárne, EGPNA-REP, net of Brazilian distribution company CELG) EBITDA: 7,678 million euros (8,053 million euros in 1H 2016, ...

Domestic coal output, up by 13 pc at end-May, imports decreased by almost 23 pc

Thursday, August 3, 2017

Romania’s net coal production stood at 1.864 million tonnes of oil equivalent (toe) in the first five months of 2017, up by 12.9 percent (213,000 toe) than in the same period in 2016, according to the data centralized by the National Statistics Institute (INS) quoted by romaniajournal.ro. In the mentioned period, Romania imported 154,600 net coal toe, down by 46,000 toe (22.9 percent) compared to the imported quantity in January-May ...

Electricity suppliers request price cap, national regulator ANRE replies prices are fair

Thursday, August 3, 2017

the regulator, the National Energy Regulatory Authority (ANRE) and the market operator (OPCOM), who claim that the tariffs are fair, while at the opposite end, the energy suppliers blame the regulations and demand the intervention of the authorities. Within the given context, the energy price on the spot market of the OPCOM stock exchange is almost double as ...

Tacrom wins tender for fracking operations in Ukraine

Thursday, August 3, 2017

Belorusneft and Romania’s Tacrom have won a tender announced by PJSC Ukrgazvydobuvannia for implementation of 40 fracking operations on wells, capital.ro informs, quoting Interfax, romaniajournal.ro informs. Tacrom won the first lot for 20 operations with an offer of Hr 95.75 million, Belorusneft won the second lot with an offer of Hr 95.664 million with the initially expected price being Hr 97.5 million (including VAT) for each of the ...

The transaction between NC KazMunayGas and China Energy Company Limited  received the approvals from the Romanian state

Thursday, August 3, 2017

KMG International Group (KMGI) welcomes the recent decisions of the Romanian authorities approving the transaction signed at the end of 2016 between its main shareholder – national company KazMunayGas Kazahastan (KMG) and China Energy Company Limited (CEFC).  "Completion of the transaction will create a solid foundation for cooperation between KMG and CEFC, which will further expand the activities of KMGI in Eastern and Western Europe, as ...

EBRD mulls 80 mln euro loan to Moldova for power link with Romania

Thursday, August 3, 2017

The European Bank for Reconstruction and Development (EBRD) said on Thursday it is considering lending up to 80 million euro ($93 million) to Moldova to help the country develop its electricity interconnection with neighbouring Romania, seenews.com informs. If granted, the senior loan will be onlent to state-owned single power transmission system operator Moldelectrica for the construction, equipment and placing into operation of a back-to-back High ...

ANRE: Distribution network operators to allocate 10pct in investment to regulate smart metering systems from January 1, 2018

Thursday, August 3, 2017

Distribution network operators will have to allocate 10pct in investment to regulate smart metering systems from January 1, 2018, Deputy Chairman of the National Energy Regulatory Authority (ANRE) Emil Calota told a news conference on Thursday. "In order to ...

Vast Resources sees 41 pct increase in mined ore in Romania in Q2

Thursday, August 3, 2017

This second quarter of this year the British mining company Vast Resources recorded increases in the operating results compared to the previous quarter, business-review.eu reads. In the case of the Manaila mine in Suceava county, Vast Resources registered increases, such as 41 percent of mined ore and 54 percent of milled ore compared to the first three months of the year. The amount of copper concentrate produced in this ...

Moldovan MP Filip: I hope the Iasi - Ungheni - Chisinau gas pipeline will be completed by the end of 2018

Thursday, July 27, 2017

Moldovan Prime Minister Pavel Filip expressed hopes on Friday that the Iasi - Ungheni - Chisinau gas pipeline will be completed by the end of 2018.Investments in the gas pipeline connecting Romania to the Republic of Moldova were discussed on the occasion of a meeting between Pavel Filip and his Romanian counterpart Mihai Tudose. "This is about independence and security, more precisely the energy security of the Republic of Moldova, and from this ...

EC and Transgaz announce that BRUA will not be affected by Hungary’s blockage

Thursday, July 27, 2017

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Following Hungary’s decision not to participate in the construction of the BRUA gas pipeline, the Romanian national operator Transgaz announced that the project remains standing, energynomics.ro informs. In its turn, the European Commission has maintained its commitment to support the BRUA gas pipeline, considering that Hungary’s proposal does not affect the general objective of creating alternatives. The Commission has urged the transport ...

Transgaz and JP Srbijagas to conclude a Memorandum of Understanding on the development of bilateral cooperation

Thursday, July 27, 2017

National gas companies Transgaz and JP Srbijagas announced the completion of the necessary internal procedures and the coming into force of the Memorandum of Understanding on the development of bilateral cooperation, with working group meetings due in the coming period, Romania's Transgaz said on Wednesday in a release to the Bucharest Stock ...

Nuclearelectrica postpones again negotiations for reactors 3, 4

Thursday, July 27, 2017

State-owned nuclear power producer Nuclearelectrica (SNN) wants to prolong again the negotiations with the Chinese group CGN for building the Cernavoda reactors 3 and 4 by another six months. The decision will be made in the General Meeting of Shareholders on August 24, reports local Economica.net. The company’s shareholders will also elect a new provisional Board of Directors with a four-month ...

FONDUL PROPRIETATEA: RISK OF CORRUPTION INCREASES DUE TO CONFLICT OF INTEREST BY HIDROELECTRICA'S SUPERVISORY BOARD MEMBERS

Thursday, July 27, 2017

  În the press statement sent to ACTMedia, Fondul Proprietatea expresses its indignation and surprise regarding the ...

MOL Group partners with Evonik and thyssenkrupp for its key strategic investment into the “Polyol Project”

Thursday, July 27, 2017

The Polyol Project will be the largest investment project of MOL Group in 2017-21 MOL Group will move further along the petrochemical value chain towards semi-commodity and specialty chemicals products as part of its 2030 strategy MOL will become the only integrated polyol producer in CEE According to the press release sent to ...

Transeastern Power to pay EUR 23 mln to OMV Petrom for Dorobantu wind farm

Thursday, July 27, 2017

Austrian oil major OMV Petrom has inked a deal to sell its Dorobantu wind farm to Transeastern Power B.V. – a limited liability company registered in the Netherlands, a wholly owned subsidiary of Transeastern Power Trust, for EUR 23 million, business-review.eu reports. The transaction will be concluded by the end of the year, pending regulatory approval from the Competition Council. Transeastern Power Trust was founded in 2014 and is listed on ...

Nord Stream 2 will divide the EU, but new US sanctions will do more harm

Thursday, July 27, 2017

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* Nord Stream 2 will increase Russia’s influence over its neighbours and divide the European Union. But US sanctions against the pipeline will do more harm than good, Rem Korteweg said for euractiv.com. He is head of the ‘Europe in the World’ unit at the Clingendael Institute On Tuesday (25 July), the US House of Representatives passed a sanctions bill which will tighten existing sanctions against Russian companies ...

Romania's OMV Petrom breaks ground on polyfuel unit at Petrobrazi refinery

Thursday, July 20, 2017

Romania's top oil and gas group OMV Petrom [BSE:SNP] said on Wednesday that it has broken ground on a new unit at its Petrobrazi refinery, based on polyfuels technology developed by French company Axens, seenews.com informs. This first phase will involve building the foundations and will require pouring approximately 3,000 cubic metres of concrete and 335 tonnes of steel, OMV Petrom said in a press release. The company announced ...

Corridor to link the gas transport systems from Romania, Hungary, Austria, Bulgaria and Greece

Thursday, July 20, 2017

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The state company Transgaz  controlled by the ministry of economy hosts on Wednesday a meeting with the representatives of the operators of the natural gas transport systems in Greece (DESFA), Bulgaria (Bulgartransgaz), Hungary (FGSZ) and ICGB,the company which develops interconnection between Greece and Bulgaria with a view to signing the memorandum regarding the vertical corridor of gas that would link the natural gas transport systems from Romania, Hungary, Austria, ...

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