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Energy & Environment

PRIMARY ENERGY RESOURCES INCREASED BY 1.8% DURING 1.I – 31.V.2017

Thursday, July 13, 2017

- During 1.I – 31.V.2017, primary energy resources increased by 1.8%, while those of electricity decreased by 0.5% as compared to the same period of previous year. The primary energy resources increased by 1.8 percent in the first five months of 2017, and the electricity resources declined by 0.5 percent compared to the same period of 2016, according to data released on Wednesday by the National ...

Armax Gaz Medias enters insolvency with debts worth 24 mln. euro

Thursday, July 13, 2017

On July 3rd, the Sibiu Court admitted Armax Gaz Media?’s application for insolvency, energynomics.ro reports. The company with a history of 100 years is specialized in the production of gear and equipment for the oil and gas industry. Despite the increase of almost 55% in turnover, at 75,47 million lei, Armax Gaz registered losses last year and failed to reduce its debts. Thus, the company reported a loss of almost 13 million lei, while the debts ...

Romania's hydropower consumption rose 7.4 percent în 2016

Thursday, July 13, 2017

 Romania's hydropower consumption rose 7.4 percent last year to 4.1 million tonnes of oil equivalent (toe), and accounted for 0.4 percent of world consumption, according to data centralized by the British Petroleum. Over the past ten years, the highest hydropower consumption was recorded in 2010, namely 4.5 million toe, and in 2006 and 2014, when it reached 4.2 toe. Worldwide, the hydropower consumption amounted to 910.3 million toe. The ...

Gabriel Resources accused ANAF assessing an abusive liability for VAT

Thursday, July 13, 2017

The decision served to Rosia Montana Gold Corporation S.A. (RMGC) by the Romanian National Agency for Fiscal Administration (ANAF) assessing a liability for value added tax (VAT) in the principal amount of approximately RON 27 million, related to VAT previously claimed and received by RMGC in respect of its purchase of goods and services from July 2011 to January 2016, is ...

Commission’s new proposals focus on renewables and connected energy markets

Thursday, July 13, 2017

A successful energy transition is key for the success of climate action at European level, while reducing CO2 emissions is linked to increasing energy efficiency and increasing the use of renewable energy sources, said Benedikt Klauser, on behalf of the European Commission’s DG Energy, ...

Fitch assigns first-time rating of 'BBB' to Romania's Transelectrica

Thursday, July 6, 2017

Fitch Ratings has assigned Romanian electricity transmission system operator Transelectrica [BSE:TEL] a first-time long-term issuer default rating of 'BBB' with a stable outlook, seenews.com informs. The rating reflects Transelectrica's solid business profile as an owner and operator of the electricity transmission network in Romania, Fitch said in a press release late on Tuesday. The rating is supported by the country's ...

Gas imports increased by 251,1% in the first four months: production increased by 2.3%

Thursday, July 6, 2017

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Romania imported between January – April 2017 a quantity of natural gas of 542,100 tons equivalent petrol (tep) with 251.1% (387.700  tep) more than the similar period of 2016, according to the centralised data of the National Institute for Statistics (INS). The domestic production of natural gas was, in the first four months of this year, 2.78 million tep, with 2.3% (63.500 tep) over that of the same period of ...

EnerMin: BRUA pipeline to operate in 2020 when Exxon, Petrom will extract Black Sea gas

Thursday, July 6, 2017

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The works at the BRUA (Bulgaria - Romania - Hungary - Austria) pipeline will start at end-2017, and the gas pipeline will turn operational in 2020, when ExxonMobil and OMV Petrom will commence to extract natural gas from the Black Sea, the Energy Minister, Toma Petcu told the public broadcaster Radio Romania Actualitati. "According to the calendar assumed by ...

Romania's Nuclear Regulatory Mechanism Strengthened

Thursday, July 6, 2017

Romania has a stronger nuclear regulatory system following a capacity building project that was completed recently, agreed participants of a roundtable in Bucharest on Friday. The project led to strengthening of the Romanian National Commission for Nuclear Activities Control (CNCAN) in enhancing safety and security, radiation protection, emergency preparedness, knowledge management, inspection processes at nuclear facilities, radioactive waste management and ...

Vast Resources confirms higher grades of silver, copper, lead, zinc at Romanian tailings dam

Thursday, July 6, 2017

UK-based mining company Vast Resources said on Monday it has confirmed significantly higher grades of silver, copper, lead and zinc at Faneata tailings dam located near the Baita Plai Polymetallic Mine (BPPM) in Romania, seenews.com reports. Vast Resources started drilling in the area in November 2016 and  made 33 surface drill holes, covering 630 metres, the company said in a press release. The results showed a noticeable rise in the average ...

Norwegian delegation visited investments unfolded under the 'Green Path towards Sustainable Development' project

Thursday, July 6, 2017

A Norwegian delegation visited last week the sites of the investments unfolded under the 'Green Path towards Sustainable Development' project funded from a EEA 2009 - 2014 grant and implemented by the Sibiu Environmental Protection Agency, the Ministry of Environment said in a release on Thursday. The delegation is made of five MPs, two technical experts of the Norwegian Parliament, and two members of the Embassy - deputy Head of mission Herman Basklr, and ...

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

Thursday, July 6, 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, July 6, 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 ...

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

Thursday, July 6, 2017

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 Prime 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 time we will present an ...

Southern Gas Corridor’s dubious contribution to energy security

Thursday, July 6, 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 ...

Mihnea Constantinescu: Romania is a black hole full of resources of gas: we have to invest billions of euro in networks

Thursday, June 29, 2017

The gas networks of Romania were made for pressure two times lower than the countries around, so that investments of billions of euros are necessary to modify the system, money which will reflect in the bills of end users, stated on Thursday Mihnea Constantinescu, ambassador  for energy issues in a conference about the domain under discussion. ‘We  don’t have to forget  about the situation inherited in the Romanian gas ...

ANRE approved the development plan for the system of gas transport for the period 2016 - 2025

Thursday, June 29, 2017

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The National Authority for Regulation in the domain of Energy (ANRE) announced on Friday that they approved the plan for the development of the national system of transport for natural gas for the period 2016 – 2025 and the approval order regarding the trading framework on the centralised market of natural gas managed by the Operator of the  Electricity and natural gas  market. (OPCOM). Moreover, ANRE notified the order regarding the ...

Net coal output January-April, 2017 was 1.461 million tonnes of oil equivalent

Thursday, June 29, 2017

Romania's net coal output January-April, 2017 totalled 1.461 million tonnes of oil equivalent (toe), up 6.8 percent (93,500 toe) y-o-y, according to data with the National Statistics Institute (INS). Over the same period, Romania imported 116,700 toe coal, down 47,500 toe (28.9 percent) from the same period of the year before. Under Romania's Energy Strategy posted on the website of the Energy Ministry, Romania is said to have total reserves ...

General Electric to supply core technology for Romania's Romgaz new plant

Thursday, June 29, 2017

US-based multinational conglomerate corporation General Electric (GE) said on Tuesday it has been awarded an order from the consortium Duro Felguera - Romelectro for core technology in the Iernut power plant operated by Romanian natural gas producer Romgaz [BSE: SNG], seenews.com informs. With a planned installed generation capacity of 430 megawatts (MW), the Iernut project in Mures county, in central Romania, will be Southeast Europe’s ...

Over 32 million tons of crude transferred by KMG International through Black Sea Marine Terminal in 10 years of activity

Thursday, June 29, 2017

The volume of the unloaded crude by KMG International through the offshore terminal out in the Black Sea, reached over 32 million tons in the present, since 2009, when the offshore terminal was put into operation, the company informs în a presselese sent to ACTMedia. The construction works of the offshore terminal, located at 8.9 km in the  Black Sea waters started in 2007, the total ivestment reached over USD 100 milion. “In 10 ...

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