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Energy & Environment

Primary energy resources, down 2pct, electricity resources, up 2.1pct, Jan.-Feb. 2020

Thursday, April 16, 2020

Romania's primary energy resources decreased by 2%, in the first two months of 2020, while electricity resources were up 2.1%, y-o-y, according to data with the National Statistics Institute (INS) released on Monday.The main primary energy resources January 1 - February 29, 2020 totalled 5.746 million tonnes of oil equivalent (toe), down 120,000 toe from January 1 - February 28, 2019.Domestic production totalled 3.29 million toe, down by 48,800 toe ...

384 million lei for green lighting in Romanian cities and communes

Thursday, April 16, 2020

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The Ministry of Environment, Waters and Forests will launch this year, through the Administration of the Environmental Fund (AFM), a program for financing ecological lighting in Romanian cities and communes. The budget established for 2020 is 384 million lei; the localities will be enabled to replace the high energy consuming lighting fixtures with LED lighting fixtures. At the same time, the administrations will be able to purchase dimming / remote management systems, which ...

The FPPG has 7 proposals for the recovery of the O&G sector

Thursday, April 16, 2020

Economic recovery can be achieved through large-scale projects, writes the Federation of Petroleum and Gas Employers (FPPG), in a press release. The Federation calls on the government for ongoing consultations in order to prioritize the projects aimed at really supporting the economic recovery, the recovery in the medium and long term and the stimulation of private investments through competitive fiscal conditions. Measures proposed by the ...

CE Oltenia employees to be put on furlough, by rotation, as of 13 April and until 17 June

Thursday, April 16, 2020

The approximately 13,000 employees of the Compex Energetic Oltenia - CEO (Oltenia Energy Complex) will be put on furlough, by rotation, as of 13 April and until 17 June, the measure being taken as a result of the significant decrease of the electricity sales and, implicitly, the company's revenues, according to a news release posted on Sunday evening on the website of the company.Between January and March, CE Oltenia registered a significant decrease of ...

Minority shareholders ask Romgaz to pay higher dividends

Thursday, April 16, 2020

Some of the shareholders of Romanian state-controlled gas producer Romgaz are unhappy with the dividend proposed by the company's management: RON 1.61 per share. Calculated at the current prices of the company's shares (which has plunged with the rest of the market amid the coronavirus epidemic), the proposed gross dividend would bring investors a yield of 5.5%. "Considering that we share the same views with other shareholders, ...

Rompetrol Bulgaria opened its 56th gas station in the city of Shumen

Thursday, April 16, 2020

Rompetrol Bulgaria, a company member of KMG International, officially opened a new gas station in Shumen, town situated 90 km West of the city of Varna, on the A2 Highway that links the Black Sea with the capital city, Sofia. Shumen is well known for its modern facilities in the sectors of car dealers, construction materials & furniture stores. Through the new investment, Rompetrol Bulgaria opened 11 job positions in the city and commits further to ...

EBRD: Spending to counteract coronavirus creates chance to “tilt to green”

Thursday, April 9, 2020

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Green economy will need nurturing through government policy, say EBRD economists The coronavirus crisis has diverted attention away from climate change mitigation, ...

Adrian Borotea, RWEA: Green Deal is an opportunity for Romania

Thursday, April 9, 2020

Romania needs a target of at least 34% for renewable energy, by 2030, said Adrian Borotea, executive vice president of the Romanian Wind Energy Association (RWEA). The EU has prepared funds of up to 32 billion euros to new projects, and Romania can benefit from the latest technologies to invest more efficiently in green energy. Given the new Green Deal policy, what is, according to RWEA, the most appropriate ...

Transgaz reports the first incidents related to SARS-CoV-2: almost 1,100 people work on its construction sites in Romania

Thursday, April 9, 2020

Three people involved in Transgaz’ investment works have been in isolation since Saturday, April 4, after they contacted members of their families who are suspected to be infected, the company announces; one is a member of the execution staff from the Bibe?ti compression station, in the BRUA project, and the other two are employees of the contractor Spoting SA. At present, the operator of the national natural gas transmission system has almost 1,200 people active in the ...

Romgaz: Prices on the gas market will decline, we prepare for investments

Thursday, April 9, 2020

“It is clear that prices on the gas market will continue to decline – we have had a warm winter, we have a coronavirus pandemic, we have reduced activity on the production units…”, said Adrian Volintiru, the CEO of Romgaz, in an online conference. “ At national strategic level, we focus on keeping the gas production running, at the levels needed in the market. We, at Romgaz, extract gas every day at full capacity – 14.7-15 million ...

The Competition Council authorized Socar Petroleum to rent six gas stations operated by Aral MTB

Thursday, April 9, 2020

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The Competition Council has announced on Monday that they authorized the trading through which Socar Petroleum intends to take over the right of use on six fuel distribution points operated at present by Aral MTB. ‘The six fuel distribution stations, situated in Arad, Timis, Sibiu counties will be operated by Socar on the basis of a rent contract the competition authority has informed. Socar Petroleum, company belonging to the Azer group SOCAR ...

Rompetrol Bulgaria supports the efforts made by authorities in the fight against COVID-19

Thursday, April 9, 2020

KMG International, through its subsidiary Rompetrol Bulgaria, made a donation of 10,000 liters of fuel to all Bulgarian authorities involved in the fight against the COVID-19 pandemic. The donation is coordinated by the National Union of Municipalities of Bulgaria, and the fuel will be sent in more than 20 localities throughout the country, such as Varna, Burgas, Plovdiv, Ruse or Stara Zagora. "KMG International is involved and ...

R. Dudau (EPG): If well enforced, utility payment deferral can be really helpful to energy suppliers

Thursday, April 9, 2020

The think-tank Energy Policy Group (EPG) has launched in public debate a first analysis of the draft law on utility payment deferral for three months, adopted by Parliament. The ...

‘We won’t slow down’ on climate: EU reacts to COP26 postponement

Thursday, April 9, 2020

The European Commission “took note” of the UK’s announcement to postpone this year’s UN climate summit but stressed its “strong commitment” to the global climate agenda, as nations grapple with the COVID-19 pandemic. “This makes sense,” said Frans Timmermans, the EU Commission vice-president in charge of the European Green Deal, which aims to steer the bloc towards net-zero greenhouse gas emissions by ...

Maciej Jakubik, CEEP: The EU energy transition will go on, though at slowed-down pace

Thursday, April 9, 2020

“The show must go on!” – this is the approach of Mr. Frans Timmermans, the EU Commission executive vice-president in charge with the Green Deal; officially, that means that the EU policies will continue indifferent at the coronavirus crisis. However, this is not going to happen, considers Maciej Jakubik, Executive Director at Central Europe Energy Partners (CEEP). “The Green Deal package will ...

E-DISTRIBUTIE DOBROGEA supports the effort of the medical teams in fighting COVID-19

Thursday, April 2, 2020

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E-Distributie Dobrogea, the electricity distribution operator part of the Enel Group in Romania, is supporting the efforts of the medical teams in the fight against Covid-19 by connecting to the grid the army field hospital in Constanta. The connection project included the placement of a medium to low voltage transformer, interrupters, distribution boxes and all the necessary low voltage equipment. The value of the equipment and of the works carried ...

Petromidia processes less, but keeps investing in 2020

Thursday, April 2, 2020

Petromidia, the largest refinery in Romania, operated by KMG International (formerly Rompetrol), will process 5.5 million tonnes of crude oil this year, some 13% less than last year - but will keep investing in development and capital repairs, according to the draft strategy prepared by the management for the shareholder meeting scheduled for April. The refinery will process less crude because it will run the planned revision, for 51 days this year, ...

Two new projects, approved by the Kazakh-Romanian Energy Investment Fund

Thursday, April 2, 2020

The Kazakh-Romanian Energy Investment Fund (FIEKR) has recently approved two new investment projects in total amount of USD 43 million related to the Romanian energy sector. These projects will create synergies to the production processes of the Petromidia N?vodari refinery (part of the company Rompetrol Rafinare) and economic added value for both companies. "The Kazakh-Romanian Energy Investment Fund continues its investment plan for the development ...

Electricity, gas, fuel prices capped in Romania

Thursday, April 2, 2020

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A new military ordinance adopted by the Romanian authorities caps the tariffs for electricity and thermal energy, natural gas, water supply, sanitation and fuels. This is the 4th military ordinance adopted in Romania since the president declared the state of emergency in the country amid the novel coronavirus pandemic. Article 8 of the new ordinance stipulates that “during the state of emergency, prices for electricity and ...

EU leaders back ‘green transition’ in pandemic recovery plan

Thursday, April 2, 2020

While attention continues to focus on the urgent health aspects of the COVID-19 outbreak, EU leaders have called on the European Commission to start preparing “a comprehensive recovery plan” that integrates green and digital aspects. Amid divisions on ways to address the economic fallout of the crisis, EU heads of states concluded an EU summit on Thursday evening (26 March) with a call to prepare the post-crisis ...

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