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Energy & Environment

Romgaz reports 633.83 million cubic metres of natural gas in store

Thursday, November 9, 2017

Romgaz currently has a quantity 633.83 million cubic metres of natural gas in store, double the mandatory amount set by an order of the National Energy Regulatory Authority (ANRE), according to Romgaz officials. "Romgaz has fulfilled its gas storage obligation according to the ANRE order, even exceeding the amount it is mandated to store. Romgaz has currently in store 633.83 million cubic metres (almost double the obligation set by ANRE) against a total ...

Energy resources and consumption in 2016

Thursday, November 9, 2017

Primary  energy  production  decreased  by  6.0%  in  2016  compared  to  2015,  while  imports of energy products increased by 15.7%; gross inland consumption of energy  decreased by 0.6% compared  to previous year;  final energy consumption increased  ...

Andi Aranitasi: CEE loses green energy investments to Greece, Serbia and Turkey

Thursday, November 9, 2017

Romania, Bulgaria and the CEE countries (Hungary, Poland and The Czech Republic) are no longer attractive for investors in renewables as they have met their national targets, and therefore financiers look for neighbouring regions for new projects, told energynomics.ro Andi Aranitasi – associate director, senior banker with the Power and Energy Utilities Team, EBRD. Instead, EBRD financed in Romania ...

Emissions Gap Report 2017: Governments, non-state actors must do more to reach Paris Agreement

Thursday, November 2, 2017

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Paris pledges only a third of what is needed to avoid worst impacts of climate change Adopting new technologies in key sectors, at investment of under US$100/tonne, could reduce emissions by up to 36 gigatonnes per year by 2030, more than sufficient to bridge the gap Kigali Amendment to Montreal Protocol, action on short-lived climate pollutants, and increased pre-2020 ...

CEZ invested over EUR 2.5 bln in Romania

Thursday, November 2, 2017

Czech utility group CEZ sees significant growth potential in the transition to smart cities, with fresh investments focusing on smart meters and charging stations for electrical cars in the cities. “We have an ambitious program to install smart meters everywhere, and this will be implemented in partnership with local authorities,” said Adrian Borotea, group strategy and EU agenda director at CEZ Romania, during ...

Energy resources and consumption in 2016 : imports of energy products increased by 15.7%

Thursday, November 2, 2017

* Primary  energy  production  decreased  by  6.0%  in  2016  compared  to  2015,  while  imports of energy products increased by 15.7%; gross inland consumption of energy  decreased by 0.6% compared  to previous year;  final energy consumption increased  ...

Romania’s coal production reaches 3.07 mln tonnes by August

Thursday, November 2, 2017

Romania’s coal production in the first eight months reached 3.07 million tonnes of oil equivalent (toe), says the National Institute of Statistic (INS) quoted by business-review.eu. Compared year-on-year, Romania’s coal production grew by 15.5 percent (411,900 toe) and the coal import increased by 3.4 percent (11,100 toe). According to the Energy Strategy project, Romania has a total amount of 12.6 billion tonnes of ...

Transgaz closes a contract of RON 2.67 mln with Energy Complex Hunedoara

Thursday, November 2, 2017

National Company of Transport Transgaz Medias closed a contract of RON 2.67 million with Energy Complex Hunedoara for transportation services, during October 1, 2017- October 1, 2018, according to a report of the Bucharest Stock Exchange (BVB), business-review.eu informs. The contract implies, among others, a payment guarantee of RON 466,862.73, the level of counter value for the natural gas transport services calculated for two months of gas ...

EIB to lend EUR 50m to Transgaz to fund BRHA works. 5,000 new jobs during the construction phase

Thursday, November 2, 2017

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The European Investment Bank (EIB) is lending EUR 50 million to Transgaz, the national gas transmission company of Romania, to finance the construction of a new European gas transmission corridor to increase security of gas supply and to reduce energy dependence by making it possible to diversify gas supply routes and sources, romaniajournal.ro informs. The new pipeline represents the first phase of the Romanian section of the gas pipeline from ...

Competition Council: renewable energy producers, Black sea gas producers may be exempted from the obligation to trade on the stock market

Thursday, November 2, 2017

The Competition Council (CC) is ready to accept the exemption of renewable energy producers and the Black Sea gas producers from the regulation on the obligation to trade on the stock market, Bogdan Chiritoiu, CC President, said on Monday during a conference on energy, romaniajournal.ro informs. “The problem we face in Romania is that the large energy producers are state-owned and we suspect the large state companies of corruption. From this ...

Nuclearelectrica sets up Refurbishment Division for NPP 1

Thursday, November 2, 2017

Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said on Monday it has established a Refurbishment Division for one of its units, seenews.com informs. The division, made up of company specialists, is headed by Romeo Urjan, technical and nuclear safety division manager at Nuclearelectrica, the company said in a press release. The number of specialists will increase in direct ...

Romania and Serbia near completion of the 400 kV transmission line between Resita and Pancevo

Thursday, November 2, 2017

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Romania's national electricity transmission company announced that it has completed the crossing of the border to Serbia with the 400 kV Resita (Romania) - Pancevo (Serbia) transmission line, thediplomat.ro reads. The connection of the electricity line section in Romania (Resita - RO-SE border) with that in Serbia (Pancevo - the SE-RO border) is due to end on this weekend. Transelectrica states that this is one of the final stages in the realization of ...

Insolvent Oltchim agrees to sell assets for 128.4 mln euro

Thursday, November 2, 2017

The judicial administrator of  Romania's insolvent chemicals producer Oltchim [BSE:OLT] said on Friday the price of assets to be sold to Chimcomplex Borzesti and Dynamic Selling Group totals 590.6 million lei ($149.4 million/128.4 million euro) plus VAT, seenews.com informs. Romanian chemicals producer Chimcomplex Borzesti [BSE:CHOB] has concluded a contract to pay 582.3 million lei for six bundles of assets, while PVC profiles and accessories ...

Hidroelectrica will be listed most probably în 2018

Thursday, October 26, 2017

Hydropower corporation Hidroelectrica will be listed most probably next year, as the project to this end is currently under public debate, Energy Minister Toma Petcu told a conference on major investments in Romania this Monday. "I think bringing back into ...

OMV and Gazprom want to move their transactions with Romanian gas to Vienna

Thursday, October 26, 2017

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The Vienna Stock Exchange has sent two letters to the Romanian authorities showing interest in becoming the trading platform for the Romanian gas, which would be advantageous for Gazprom and OMV, Iulian Iancu, head of the Committee for industry and services of the Deputies' Chamber explained at a specialist ...

Romanian authorities, in advanced talks with Israel Electric Co for upgrading some CET Mintia groups

Thursday, October 26, 2017

Israel Electric Corporation, the largest energy company in Israel, is interested in the retechnologisation of some groups of CET Mintia, belonging to the Hunedoara Energy Complex, Energy Minister, Toma Petcu announced in a press conference on Monday, hotnews.ro informs quoted by romaniajournal.ro. “We will complete this year at Paroseni a desulphurization plant and dense slurry for group 4, following an investment of EUR 65.3 million. At the ...

PM Tudose: Mintia thermal power plant is highly important for the safety of the national energy system

Thursday, October 26, 2017

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 Mintia thermal power plant within the Hunedoara Energy Complex (CEH) is highly important for the safety of the national energy system and all efforts are being made to help it become "an energy pearl" again, premier Mihai Tudose stated on Friday in ...

Juncker: No EU unity for Russia Nord Stream 2 talks

Thursday, October 26, 2017

The European Commission on Thursday (19 October) said that despite a lack of unity among member states over Russia’s plans for a new gas pipeline to Germany, it would press ahead to seek support for talks with Russia on its objections. Brussels, backed by some EU member states, is concerned the Nord Stream 2 pipeline across the Baltic Sea will increase the bloc’s reliance on Russian gas and cut gas transit revenues for Ukraine, damaging its ...

Enel opened its largest shop in Iasi, in the Palas Mall

Thursday, October 26, 2017

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· Customers in Iasi now have a new dedicated Enel point, the largest one in the city, where they can receive personalised offers · 900,000 customers have chosen the offers of the Enel supply companies on the free electricity and natural gas markets in Romania Enel opened in the Palas Mall complex its largest store in Iasi and ...

E-Distributie Dobrogea invests 12 million lei for the modernization of the Abator primary station in the city of Constanta

Thursday, October 26, 2017

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E-Distributie Dobrogea has begun an investment project worth approx. 12 million lei (approx. 2.6 million euros) in order to modernize the primary station (high/medium voltage) Abator in the city of Constanta, a press release sent to ACTmedia informs. The primary station 110/20/10 kV Abator was put in function in 1963 and provides electricity, via the medium and low ...

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