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Energy & Environment

GEO 114 diminished the gas market liquidity and increased prices for companies

Thursday, May 30, 2019


The amount of gas available to non-household customers on centralized markets has significantly decreased, which has led to price increases, as producers have been obliged, as of 1 May 2019, to sell gas to households and thermal energy on the balancing market at the price of 68 lei, in the context of the implementation of the new legislative provisions imposed by Ordinance 114/2018. In the period of January 2019 – April 2019, Transgaz purchased more expensive gas than the ...

CEZ plans to sell all Romanian assets

Thursday, May 30, 2019

The Czech utility group CEZ plans to sell its assets in Romania as a part of the strategy to increase its operations profit in the coming years. The plans include the sale of assets in Romania, Bulgaria, Turkey and Poland and focus on the Czech market, as the group announced on Monday morning. According to an answer to Agerpres request, the company says that the decision it is not related to the local market and there is no pressure to withdraw investments in a short time.  CEZ ...

EY Study: Renewable energy is taking strides towards a subsidy-free era

Thursday, May 30, 2019

The renewable energy sector is entering a new phase of subsidy-free growth across the world, according to the 53rd EY Renewable Energy Country Attractiveness Index (RECAI). Mainland China and the US remain at first and second positions respectively on the top 40 ranking, while France moves up two positions to third from fifth, led by a new focus on floating offshore wind capacity and doubling of its annual targets for onshore wind capacity additions. Other notable gains in position ...

Study: Romanians think their country is on the right path in transition to renewable energy

Thursday, May 23, 2019


Romanians consider with optimism the country's progress in the transition to the use of energy from renewable sources and already consider that half of the distance has already been completed, according to an opinion poll made by E.ON and Kantar EMNID in ten countries. European countries have set ambitious objectives for the passage from the production of energy based on conventional sources (coal,gas) to energy from renewable sources (wind, water , ...

Works on the BRUA gas pipeline accelerated

Thursday, May 23, 2019

Transgaz claims that work at BRUA is accelerating, and the deadline for completion is kept on for December 31, 2019. Transgaz also says workers from Ukraine, Macedonia, Montenegro and Turkey have been brought and that there are currently more than 5,000 people on construction sites, according to hotnews.ro. “The works on BRUA gas pipeline project – Phase I continue, these being even ...

IRE calls on all relevant associations to work together for energy sector

Thursday, May 23, 2019

The Romanian National Institute for the Study of Energy Sources and Use - IRE, Romania's representative at Eurelectric - the Union of Electricity Industry, calls for mobilization on all relevant associations to work together for the energy sector because they believe that a common voice is stronger and better heard at the level of decision makers."We are experiencing a complicated period worldwide. Climate change, which we all feel, is seen as one of the greatest ...

CEZ Group to sell its businesses in Romania

Thursday, May 23, 2019

Czech group CEZ is reportedly planning to sell off its business in Romania, including energy distribution, supply and production, according to industry sources cited by profit.ro. Sources said that Romanian authorities had already been informed of the company’s plans. A Czech official is expected in Bucharest on Thursday to discuss CEZ’s next steps, but company representatives have not yet made any ...

Nord Stream 2 gas pipeline opening to be delayed to 2020

Thursday, May 23, 2019

The timetable for the Nord Stream 2 pipeline project to Germany is changing, according to Gazprom general manager Alexey Miller, cited by Reuters. His statement comes after Nord Stream 2 AG project operator announcement that the delay in obtaining licenses in Denmark could postpone the opening of the gas pipeline to 2020. Russian gas group Gazprom will bear half of the construction costs of the Nord Stream 2 pipeline, estimated at EUR 9.5 billion. The ...

Gazprom confirms first gas via TurkStream by December

Thursday, May 23, 2019

TurkStream sub-sea section and Russia’s land section have been finished while Turkey’s onshore section is nearly 73% complete. Russia’s Gazprom expects to send its first gas through the TurkStream natural gas pipeline to Turkey by the end of December, Gazprom’s deputy chairman Vitaly Markelov said late Tuesday. He confirmed that the sub-sea section to transport 31.5 billion cubic meters per year from ...

EU renewable electricity hopes get welcome jolt

Thursday, May 23, 2019

Fifty percent of the EU’s electricity will have to come from renewable energy sources by 2030 but the issue is more than just a matter of building more solar panels and wind turbines. The structure of Europe’s power grid will have to change, euractiv.com reads. According to new EU rules for the next decade, the bloc will have to get 32% of total energy from renewable energy by 2030 and make sure 14% of transport’s needs are from clean ...

Tariceanu to the PM: Mind the Exxon-OMV offshore contract

Thursday, May 23, 2019

Senate President Calin Popescu Tariceanu asks the prime minister to pay more attention to the extension of the concession contract that would allow the consortium formed by Exxom and OMV to exploit the Black Sea gas, saying that without the contract, the two companies would not invest in the offshore project, according to news.ro and profit.ro. “As you know, last year, in Parliament, we made a series of adjustments and adopted the law on offshore ...

ANRE is working on the aggregation of renewable sources

Thursday, May 23, 2019

The market regulator, ANRE, pledges the possibility of aggregating several players from renewable sources, energynomics.ro has learned. “ANRE is working to the legislation for the aggregation of different sources, such as wind and solar,” the quoted source said. Aggregation could allow both big players and prosumers to take advantage of the game of balancing energy sales between maximum and minimum consumption and production points between ...

OMV Petrom completed the modernization of the Arad fuel depot

Thursday, May 23, 2019


OMV Petrom completed the modernization of the Arad fuel depot, the largest in the west of Romania and the second largest in the country, an investment worth almost EUR 19 million. The terminal in Arad has a storage capacity of more than 32,000 cubic meters, equivalent to over 550,000 car fillings. “With the modernization of the Arad fuel storage, we successfully complete the optimization program for the fuel storage infrastructure. The program ...

Eurostat: În Romania, gas price for households rose by 16.3 pct in 12 months

Thursday, May 23, 2019


The gas price for households in Romania registered the 4th largest growth rate year-on-year in the European Union in the last quarter of 2018, according to Eurostat. As a consequence, Romania isn’t anymore the country with the lowest gas price for households in the EU as gas prices in Hungary are now lower. Romania has now the second-lowest prices for gas and the fifth lowest prices for electricity among the 28 ...

Oil Terminal Constanta reported in Q1 a net profit of 536,000 lei

Thursday, May 16, 2019


Oil Terminal Constanta, the operator of the oil terminal run by the state at the Black Sea reported in Q1 a net profit of 536,000 lei from only 17,000 lei in the similar period of the previous year at business of 36,565 million lei (7,68 million euro) according to the data published on the site of BVB. Similarly, the net turnover of the company was 36,56 million lei with 8.2% higher than the one registered in the first three months of last year, of 33.78 million lei. Oil ...

The final consumption of electricity dropped with 1.6% in Q1

Thursday, May 16, 2019


The final consumption of electricity was, in Q1 of this year of 14,451 billion kWh less than the similar period of 2018, but the consumption of the population was increased with 12%, says on Monday the National Institute for Statistics.Public lightning registered during the period under discussion growth of 5.7% and the technological one in networks and stations dropped by 248.9 million kWh at almost 1.801 billion kWh. The export of electricity was 862.6 million kWh dropping ...

The oil companies in Romania will pay fees depending on the quotation of Brent barrel in the London stock exchange

Thursday, May 16, 2019

The companies which extract oil from Romania will pay to the state budget fees depending on the quotation of the Brent barrel on the stock exchange in London according to an order of the chairman of the National Agency for Mineral Resources (ANRM) published on Friday in the Official Gazette.‘ It is considered key oil with physical-chemical characteristics and quality conditions and market similar to the types of oil in the domestic production, the Brent type’ the ...

Romania becomes a large electricity importer due to output shortages

Thursday, May 16, 2019


Romania has become in the first quarter of this year a net electricity importer as it relied on large imports to ensure the power needed by its businesses and households. The official statistics body said that Romania imported 1,125.5 million kWh in January-March and exported only 862.6 million kWh and the electricity balance of the country was on the deficit. Electricity export halved (-52.9 percent) in the first 3 months of this year while import rose by 78.5 ...

Enel’s Romanian subsidiary posts lower profit despite 20% surge in revenues

Thursday, May 16, 2019

Italian energy group Enel's revenues in Romania rose by 20% from EUR 298 million to EUR 357 million in the first quarter of this year, according to the group’s quarterly report. However, the earnings before interest, taxes, depreciation and amortization (EBITDA) decreased from EUR 45 million to EUR 22 million, mainly due to the evolution of the electricity supply ...

Romgaz’s net profit up 16.26 percent in Q1 2019

Thursday, May 16, 2019


The Romgaz Group posted a net profit of RON 541.9 million in the first quarter of 2019, up 16.26 percent (plus 75.8 million lei) compared to the same period last year, and a turnover RON 1,713 billion, up 15.57 percent (plus 230.8 million lei), according to data released to the Bucharest Stock Exchange (BVB). Group Income amounted to RON 1.684 billion (plus 19.71 percent) in the first three months, and RON 1.089 billion (plus 28.71 percent). Gas production rose by 4.8 percent ...

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