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Energy & Environment

Romania's energy min, China's CGN to step up talks on NPP units

Thursday, March 9, 2017

Romania's energy ministry said on Thursday that it intends to speed up negotiations with China General Nuclear Power Corporation (CGN) on the construction of reactors 3 and 4 of Romania's sole nuclear power plant (NPP) Cernavoda, operated by Nuclearelectrica [BSE:SNN], seenews.com informs. "The negotiations have lasted too long and it is time to get closer to a decision. In the coming period, the ministry will attach priority importance to the talks in ...

Nord Stream 2 financing model to be ready by year end - OMV

Thursday, March 9, 2017

* "We must do it this year, and next year construction should begin," CEO of Austrian OMV Rainer Seele told TASS Companies, participating in construction of the Nord Stream 2 gas pipeline will decide on the financing model before the year ends, CEO of Austrian OMV Rainer Seele told TASS on Friday. "We must do it this year, and next year construction should begin," he said. "We are in the phase of agreeing with the ...

Minister Tudose: We want to transform Romania in an energy hub in the Balkans

Thursday, March 9, 2017

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The authorities want to transform Romania in an energy hub in the Balkans with the help of Transgaz and Transelectrica companies, announced, on Thursday, when taking office, the new Economy Minister, Mihai Tudose.  "We already established for the next week a meeting with the Defence Minister in order to come to an agreement on the situations of the Romanian Army and the production capacity of the Romanian defence industry. In the shortest ...

PM Grindeanu supports the listing process of Hidroelectrica

Thursday, March 2, 2017

 Premier Sorin Grindeanu expressed willingness to support the listing process of Hidroelectrica, during a meeting of government and Fondul Proprietatea officials. We had a working meeting with the ...

Cogeneration plants operated by Bucharest electricity and heat producer ELCEN requires investments of approximately 1 bln euro

Thursday, March 2, 2017

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ELCEN requires investments of approximately 1 bln euro, while the modernization of the entire district heating system managed by public heat distribution corporation RADET requires 800 ml euro, RADET Bucharest special administrator Sorin Chirita told the forum "The Capital's Energy Strategy" on ...

Reuters: EU parliament says governments delayed new rules on car emissions

Thursday, March 2, 2017

European governments delayed stricter car engine emissions tests by six years and did not do enough to uncover cheating by car manufacturers, a European Parliament report into the dieselgate scandal said on Tuesday, Reuters informs. The investigation into Volkswagen's emissions test cheating also blamed the European Commission for failing to scrutinize governments' legal obligation to enforce a ban on so-called defeat ...

How does sustainable renovation of buildings impact life quality?

Thursday, March 2, 2017

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*Romania Green Building Council and the leaders of change in the Build Upon project launch the recommendations for the updated version of the National Renovation Strategy in Romania Following the European project BUILD UPON, Romania Green Building Council launches a set of 10 recommendations for Romania’s new National Renovation Strategy, that the Romanian Government should present to the European Commission by end of April 2017. ...

Southern Gas Corridor’s dubious contribution to energy security

Thursday, March 2, 2017

* Advertised by the EU as the silver bullet that will free Europe from its dependency on Russian gas, the Southern Gas Corridor (SGC) is highly unlikely to ensure energy security and might in fact end up channelling Russian gas, warns Xavier Sol for EurActiv.com. (Xavier Sol is director of Counter Balance). While proudly presenting the “Second report on the State of the Energy Union” earlier this ...

Construction of gas pipeline between Bulgaria and Greece to start in 2018

Thursday, March 2, 2017

The construction of the gas link between Bulgaria and Greece is expected to start in the beginning of 2018, stated interim Energy Minister Nikolay Pavlov in Azerbaijan,energynomics.ro informs. Pavlov pointed out that intensive work is being conducted at the moment on the preparation of the documents for the announcement of the tender for the construction of the intersystem connector. The ...

Sorin Grindeanu proposed forming a ministerial team for new energy projects in the Black Sea

Thursday, March 2, 2017

The Prime Minister Sorin Grindeanu talked on Monday, February 27th, during a meeting held with a delegation from the consortium consisting of ExxonMobil and OMV Petrom, about forming an interministerial team, that will ensure the necessary technical support, to help new energy projects with potential development in the Romanian side of the Black Sea, according to a press release from the Government’s press office, energynomics.ro ...

Mihai Tudose, minister of Economy: Romania to become an energy hub in the Balkans

Thursday, March 2, 2017

The authorities want to transform Romania into an energy hub in the Balkans, with the help of Transgaz and Transelectrica, announced upon taking the office, the new Minister of Economy, Mihai Tudose, energynomics.ro reports. “Next week we have already established a meeting with the Minister of Defence, to agree with upon the situation of the Romanian army and regarding the production capacity of the Romanian ...

Romania has important methane gas reserves at big depths

Thursday, February 23, 2017

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Romania has important gas reserves big depth, both at sea and inland and another important company is interested in the Romanian Black Sea coast sector, said Sorin Gal, CEO of the General Department Managing, Evaluating Petrol Resources/Reserves within the National Agency for Mineral Resources (ANRM). “There are important gas reserves at depths of 4,000-5,000 m. They can be brought out with expensive technologies,” said the ANRM official at ...

Paris Arbitrage Court orders E.ON to pay RON 4 mln to Romanian state

Thursday, February 23, 2017

The Paris Arbitrage Court has ruled out that German utility E.ON, an important gas supplier on the local market, has to pay RON 4 million and interest to the Administration Company of Energy Shares (SAPE), the company owned by the Energy Ministry, for a dividends shares litigation with the minority shareholder, said on Monday the lawyers of the case, Zamfirescu Racoti & Partners (ZRP), according to News.ro quoted by ...

OMV Petrom announces investment of about 60 million euro for a new unit within Petrobrazi refinery

Thursday, February 23, 2017

OMV Petrom announces investment of about 60 million euro for a new unit within Petrobrazi refinery, based on Polyfuels innovative technology, which will enable the conversion of LPG components to gasoline and medium distillates using a catalytic process, according to a press release the company sent on Wednesday.The construction works are scheduled to begin this year and the unit will become fully operational at the beginning of 2019. "The ...

Romanian government affirms support for third meeting of Advisory Council of Southern Gas Corridor

Thursday, February 23, 2017

“The Romanian government fully supports the Southern Gas Corridor (SGC) project and the upcoming meeting of its Advisory Council in Baku on February 23,” Romanian Energy Minister Toma-Florin Petcu wrote in a letter to his Azerbaijani counterpart Natig Aliyev, http://azertag.az/ reports. "Romania ...

Energy consumption in the EU below its 1990 level…

Thursday, February 23, 2017

In 2015, gross inland energy consumption, which reflects the energy quantities necessary to satisfy all inland consumption, amounted in the European Union (EU) to 1 626 million tonnes of oil equivalent (Mtoe), below its 1990 level (-2.5%) and down by 11.6% compared to its peak of almost 1 840 Mtoe in 2006. Accounting for nearly three-quarters of EU consumption of energy in 2015, fossil fuels continued to represent by far the main source of energy, although their weight has ...

Romania imported a quantity of 7.468 million tons of oil în 2016

Thursday, February 23, 2017

Romania imported last year a quantity of 7.468 million tons of oil equivalent (toe) of crude oil, by 872.800 toe (13.2 pct) more than the quantity imported in 2015, according to data centralized by the National Institute for Statistics ...

Romania’s Nuclearelectrica net profit falls 27% in 2016

Thursday, February 23, 2017

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Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant Cernavoda, said on Wednesday its net profit dropped 27% on the year to 108.7 million lei ($25.6 million/24.1 million euro) in 2016, seenews.com reports. The company's 2016 results were influenced by the unfavourable fluctuations in foreign currency exchange rates (EUR, USD, CAD mainly), lower regulated energy transport tariffs and lower energy sales, Nuclearelectrica said in ...

Romania's Romgaz 2016 net profit falls on lower demand, drop in prices

Thursday, February 23, 2017

Romanian natural gas producer Romgaz [BSE:SNG] said on Thursday its net profit dropped 14.2% year-on-year to 1.02 billion lei ($173 million/ 159 million euro) in  2016, seenews.com informs. The company’s performance in 2016 was mainly affected by a 17% drop in natural gas demand on the Romanian market, a fall in natural gas prices and strong competition from imported gas resulting from some unclear regulations, Romgaz said in its 2016 ...

Romania's OMV Petrom swings to profit in 2016, to invest more in 2017

Thursday, February 23, 2017

Romania's top oil and gas group, OMV Petrom [BSE:SNP], said on Thursday it posted a 1.038 billion lei ($241 million/228 million euro) net profit in 2016, recovering from a 690 million lei loss in the previous year, seenews.com reports. The group's consolidated sales for 2016 decreased by 10% to 16.24 billion lei, largely due to lower petroleum products sales, following a further decline in oil prices and slightly lower quantities sold, as well as ...

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