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Energy & Environment

ENEL ACQUIRES A FURTHER 13.6% OF THE ROMANIAN SUBSIDIARIES E- DISTRIBUTIE MUNTENIA AND ENEL ENERGIE MUNTENIA

Thursday, April 13, 2017

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Acquisition of a further 13.6% of the share capital of the electricity distribution and sales companies operating in the Romanian region of Muntenia is finalised for a consideration of about 400 million euros, the ompany informs în a release sent to ACTMedia Enel S.p.A. (“Enel”) announces that its wholly-owned subsidiary Enel Investment Holding B.V. (“EIH”) has today finalised the ...

Romania has to address 10 infringement procedures on environmental issues

Thursday, April 13, 2017

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Romania currently has to address 10 infringement procedures on environmental issues, mostly related to waste management, Minister of Environment Gratiela Gavrilescu on Monday told private TV broadcaster Antena 3. "It's been just a few days since I took ...

Romania's OMV Petrom partners up with Auchan Retail, to open 15 stores by end-2017

Thursday, April 13, 2017

Romania's top oil and gas group, OMV Petrom [BSE:SNP], said on Wednesday it has partnered-up with French retailer Auchan's local unit and aims to open 15 convenience stores in Petrom filling stations by the end of the year, seenews.com informs. All stores will operate under the MyAuchan brand and the first one will be opened in May OMV Petrom said in a press release. “This initiative is a step forward in implementing the ...

Chevron dropped shale gas project in Romania over economic reason, says US ambassador

Thursday, April 13, 2017

Oil major Chevron abandoned its shale gas project in Romania due to economic reasons, said the US ambassador to Romania, Hans Klemm, quoted by business-review.eu. The company had started searching for shale gas in Romania back in 2013, ...

PM Grindeanu had a new meeting with representatives of ExxonMobil and OMV Petrom consortium

Thursday, April 6, 2017

Prime Minister Sorin Grindeanu held on Tuesday, at Victoria Palace, a new meeting with representatives of ExxonMobil and OMV Petrom consortium, assuring them that the Government will support the investment projects for developing new sources of offshore hydrocarbons ...

Taxation for Romanian O&G industry rose, while international prices collapsed

Thursday, April 6, 2017

The average effective rate of the royalties and other taxes imposed on the oil and gas industry in Romania has increased from 15% in 2014, to 16.9% in 2015 and 17.5% in 2016, while in most European states it decreased, energynomics.ro reads. The trend observed by the experts at Deloitte manifested within an interval in which the international crude oil price dropped from about 100 dollars per barrel (in 2014) at a minimum of 30 dollars per barrel, in 2016, to return at ...

Revisions needed for AGRI project's feasibility study

Thursday, April 6, 2017

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Azerbaijan-Georgia-Romania Interconnector (AGRI) project is not just an issue of strategic thinking; it is first of all an issue of commercial interest, says Romanian ambassador to Georgia Radu Liviu Horumba quoted by http://menafn.com/. 'For the moment, we have discussed the feasibility study that was done and this discussion continues at the governmental level,' the ambassador said in an interview with Georgia Today. He ...

Government adopted amendments to the law renewables

Thursday, April 6, 2017

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The government approved on March 30, the Emergency Ordinance for the amending and supplementing Law 220/2008, in a form that the Minister of Energy Toma Petcu described as “the best solution to balance the preservation of the renewable energy industry and the target undertaken by the country in front the European Commission”, energynomics.ro informs. Romania has set a national target for 2020 of 24% of renewable ...

EurActiv: EU energy forum feels winds of change in power sector

Thursday, April 6, 2017

Although formal negotiations over a market design proposal are just beginning, a conference involving industry leaders and senior policymakers this week showed which way the winds of change are blowing in the electricity sector as the need to integrate intermittent wind and solar power increases. It is by now clear there will be a place for state-backed capacity schemes to keep on stand-by conventional plants that would perish in a market driven purely ...

2017 Spring Cocktail – The trends in the Romanian energy industry

Thursday, April 6, 2017

Organized by energynomics.ro, the fourth edition of Spring Cocktail brought together over 100 participants and was supported by four top speakers. For opening the evening and stimulating the dialogue there were Robert Tudorache, state secretary in the Ministry of Energy, Daniela Lulache, CEO Nuclearelectrica, Dan Catalin Stancu, CEO ...

ANRE: There wasn’t any concerted action from energy suppliers in January

Thursday, March 30, 2017

As the ‘speculative attack’ on the electricity market this January could make more victims among the suppliers, the National Energy Regulatory Authority – ANRE, has reached a conclusion. “There was no concerted action”, declared Claudiu Dumbraveanu, director in ANRE, answering a question fromenergynomics.ro. “The answer is clear: There was no concerted ...

EU offers to negotiate Nord Stream 2 on behalf of members

Thursday, March 30, 2017

The European Union has offered to negotiate with Russia on behalf of its member states about the Nord Stream 2 gas pipeline, which aims to bring Russian gas to Germany under the Baltic Sea, Danish newspaper Politiken reported yesterday (29 March). In a letter to the Danish government seen by the newspaper, the European Commission invites EU countries to provide their opinions about Nord Stream 2, clarifying ...

Nord Stream 2 official: We see a lot of smokescreens thrown around

Thursday, March 30, 2017

The Third Energy Package does not apply to Nord Stream 2, as it doesn’t apply to any of the existing or future import pipelines into the EU internal market, and the European Commission accepts that, Sebastian Sass told EURACTIV.com in an exclusive interview. Sebastian Sass is the EU representative of Nord Stream 2. He was previously the EU representative for Nord Stream. He spoke to EURACTIV’s Senior Editor, Georgi ...

CEFC is interested on developing KMG International operations

Thursday, March 30, 2017

A CEFC (China Energy Company Limited) delegation along with executive management members of KMG International (KMGI) had a series of meetings between March 21-22 period with several banks operating on the local market, recent years’ supporters of KMGI’s investment plans through loans extended for the company. The purpose of the meetings held between CEFC representatives and BCR (Romanian Commercial Bank), Unicredit, Raiffeisen, ING and ...

Enel Romania CEO Georgios Stassis, at the Victoria Palace: Enel will pay up more than 400 million euros this year to Romania

Thursday, March 30, 2017

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Romania's Prime Minister Sorin Grindeanu and Enel Romania CEO Georgios Stassis, on Tuesday met at the Government House to discuss Romania's energy security and energy investment opportunities. In a press statement released on Tuesday, Grindeanu is quoted ...

ENEL WILL INVEST 329 MILLION EUROS IN ROMANIA IN 2017-2018 TO FURTHER IMPROVE SERVICE QUALITY

Thursday, March 30, 2017

· Investment programme for the current regulatory cycle ending in 2018 · Enel, already a leader in terms of distribution service quality in Romania, is focusing its investments on further modernising its networks in the country Enel has planned investments for a total of 329 million euros for the current regulatory cycle ending ...

EurActiv:Trump signs order dismantling Obama-era climate policies

Thursday, March 30, 2017

President Donald Trump Tuesday (28 March) signed an order to undo Obama-era climate change regulations, keeping a campaign promise to support the coal industry and calling into question US support for an international deal to fight global warming, euractiv.com informs. Flanked by coal miners and coal company executives, Trump proclaimed his “Energy Independence” executive order at the headquarters of the Environmental Protection ...

Only three member states on track to meet Paris goals

Thursday, March 30, 2017

Only three European countries are on course to achieve the Paris Agreement targets, according to research which ranks the UK in fifth position on its progress towards the landmark climate treaty. EURACTIV’s partner ...

Coal output totaled in January 2017, 419,200 tonnes of oil equivalent (toe)

Thursday, March 23, 2017

Romania's net coal output totaled in January 2017, 419,200 tonnes of oil equivalent (toe), by 4.1 pct (17,900) less against the similar period of 2016, according to data centralized by the National Institute of Statistics (INS). In the mentioned period, ...

Romania imported in January 2017 a 281,200 toe (tonne oil equivalent) natural gas

Thursday, March 23, 2017

Romania imported in January 2017 a 281,200 toe (tonne oil equivalent) natural gas soaring by 271.5 percent (205,500 toe) higher than the amount imported in the similar month of 2016, read the data released by the National Statistics Institute ...

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