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Energy & Environment

Electricity transmission tariffs, down 1.96pct in Romania as of January 16

Thursday, January 23, 2020

Transelectrica reduced its electricity transmission tariffs by 1.96pct as of January 16, 2020, as a result of a cut in the contribution paid to the National Energy Regulatory Authority (ANRE) from 2pct to 0.2pct of the business turnover, according to a report submitted on last Friday to the Bucharest Stock Exchange (BVB)."Transelectrica SA National Electricity Transmission Company informs the investing public about the publication in the Official Journal 28 / ...

Romania could get EUR 757 mln EU grants for replacing coal in its energy basket

Thursday, January 23, 2020

Romania will be the third-largest recipient of European funds under the European Union’s program aimed at facilitating the transition to green industrial systems, a document quoted by Euractiv.com shows. The European Commission has allocated EUR 7.5 billion to the Fair Transition Fund (JTF), which is intended to provide assistance ...

Gov't wants to re-open case against kazakh-owned local company Rompetrol Rafinare

Thursday, January 23, 2020

The Romanian state wants to re-open the case against kazakh-owned local company Rompetrol Rafinare - the owner of the largest oil refinery in Romania - Petromidia. The case was closed by the Directorate for Investigating Organized Crime and Terrorism (DIICOT) last December due to lack of grounds for indictment. The Authority for State Asset Management (AAAS) has challenged the closing of the Rompetrol file by DIICOT, according ...

ANRE reduces electricity transmission and distribution tariffs, as a result of eliminating the 2% contribution

Thursday, January 23, 2020

The National Energy Regulatory Authority (ANRE) reduced electricity distribution and transportation tariffs with weights between 1.7% and 1.9%, starting with January 15, 2020, after eliminating the 2% contribution from the figure of businesses that the energy companies paid to the authority’s budget. Thus, according to some projects of order, the transport tariff will be reduced by 1.9%, up to 17.97 lei per MWh, according to ...

OMV Petrom signs agreement to transfer 40 fields to Dacian Petroleum

Thursday, January 23, 2020

OMV Petrom has announced that it has reached an agreement for the transfer of 40 onshore oil and gas fields in Romania to Dacian Petroleum, as part of a business transfer arrangement. ”The transfer of rights and obligations under the concession agreements is subject to approval by the relevant authorities, pursuant to the Petroleum Law. The transfer is part of the portfolio optimization program within the Upstream Division of OMV Petrom, ...

EBRD and EU agree €50 million financial guarantee to boost renewable energy in EU Neighbourhood

Thursday, January 23, 2020

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EBRD and EU to provide loans and risk cover for private sector renewable investments First EBRD guarantee programme supported by EU’s External Investment Plan Ukraine, Jordan, Lebanon and Tunisia to benefit from wind and solar energy expansion The EBRD ...

ENEL INCLUDED FOR THE FIRST TIME IN THE BLOOMBERG GENDER EQUALITY INDEX AND CORPORATE KNIGHTS GLOBAL 100 RANKING

Thursday, January 23, 2020

Enel and its Spanish subsidiary Endesa are among the 325 companies praised by Bloomberg for their commitment and transparency with regards to gender inclusion  Enel was also included for the first time in the Corporate Knights Global 100 Most Sustainable Corporations in the World ranking, reaching the 8th position  Enel has been included for the first time in the ...

ANRE decreases the yield for gas distribution to 5.66%

Thursday, January 23, 2020

The energy regulator (ANRE) has decided to decrease the rate of return on capital (RRR) for gas suppliers in the regulated area, for gas distribution, for the period 1 May-30 June 2020, to 5.66%, it is shown in a draft order posted on the institution’s website. Thus, the old rate of return, of 6.9%, repealed from May 1, remains valid until April 30, for the period January 1-April 30, while later, until June 30, a rate of 5.66% is applied, reveals ...

Gov't looks for another partners for the new nuclear reactors

Thursday, January 23, 2020

The Romanian prime minister suggested that the state will give up the partnership with a Chinese company, almost five years old, for the construction of reactors 3 and 4 from Cernavoda. “It is clear to me that it will not work with the Chinese (…) We will see with which partner (the reactors will be made). It is about partnering and financing,” said Prime Minister Ludovic Orban in an interview for HotNews.ro. Ludovic Orban said that all investments in ...

Modernized fuel station, opened in Chisinau by Rompetrol Moldova

Thursday, January 23, 2020

KMG International, through its subsidiary Rompetrol Moldova, recently completed the modernization of the Rompetrol fuel station in Chisinau, situated on Ginta Latina Street - an important area of the Capital city. The new complex covers an area of 500 square meters, and Rompetrol customers have the opportunity to power their cars using the 4 pumps, to benefit from the services of a modern car wash, but to recreate in the bistro area of the fuel ...

Towards the next generation of Energy Performance Certificates thanks to a modular, innovative and user-friendly toolbox 

Thursday, January 23, 2020

The European Green Deal highlights the need to increase renovation efforts by engaging a ‘renovation wave’ in Europe and lifting barriers that inhibit it. One example is the uneven implementation of energy performance certificates (EPCs) which varies significantly across Member States in terms of scope and available information, resulting in some cases in limited reliability, compliance, market penetration or acceptance by the users. The new Horizon 2020 project ...

EU to name and shame climate plan laggards ‘in the coming days’

Thursday, January 23, 2020

Just over half of European Union countries have submitted their final national energy and climate plans (NECPs) to the European Commission by the 1 January deadline, a senior official has said, warning that the EU executive will soon publish the full list of countries online, euractiv.com reads. The Commission will publish all the NECPs it has received before the end of the month, said Paula Pinho, head of unit at the Commission’s energy ...

Havrilet: Target for renewables proposed to EC by Romania – 30.5% for 2030, we will not give up coal

Thursday, January 23, 2020

The target for renewables proposed by Romania to the European Commission for 2030 is of 30.5%, and gas will become an important element of transition, while coal is to be kept in the mix also shortly after 2030, but becoming greener, told energynomics.ro Niculae Havrilet, State Secretary in the Ministry of Economy, Energy and Business Environment. At the same time, Romania will receive 757 million euro, one of the largest financing of the Just ...

WindEurope: Wind power at the core of EU green deal – Romania and Poland, high on agenda

Thursday, January 23, 2020

The wind energy industry is poised to significantly expand to help the EU deliver the Green Deal, according to WindEurope. Wind power already delivers 14% of Europe’s electricity and the European Commission expects this share to grow to 50% by 2050. “Wind energy will therefore be at the core of a climate-neutral energy system,” WindEurope said. The European Commission unveiled the Sustainable Europe Investment ...

ROPEPCA requires the amendemtn of the law of oil, which has been unchanged for 15 years

Thursday, January 16, 2020

The Association of the Companies for oil exploitation and production in Romania (ROPEPCA) requires the authorities to amend significantly the law of oil, no.238/2004, which does not correspond to the present realities in the market.‘It is an law old of 15 years and it is time to modify it from several points of view. Firstly, it is about the access of oil companies to the areas, for exploitation. At present, if the owner of the area does not agree, the company can sue him, ...

Transgaz: the works on the gas pipeline Ungheni-Kishinev will be ready during the first quarter of this year

Thursday, January 16, 2020

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Transgaz assures that the works on the gas pipeline Ungheni-Kishinev are on schedule and will be ready during the first half of this year, as an answer to a series of articles appeared in the press in the Republic of Moldova, according to which the pipeline will be finalized next year, the press release says.‘Referring to the articles ‘ The Iasi-Ungheni-Kishinev pipeline will be ready in 2021 to deliver natural gas from Romania to the Republic of Moldova’ ...

Oil companies in the whole world expect the new round of bids for the areas in Romania

Thursday, January 16, 2020

Oil companies in the world expect the starting  of Round XI for oil perimeters concessions in Romania when 22 onshore areas and six offshore areas will be for bidding, stated Stephen Birell, the chairman of the Associatin of Oil Exploitation and Production Companies in Romania (ROPEPCA) in a meeting with the press. He showed that, although the National Authority for Mineral Resources (ANRM) stated as open the round IX for the bidding since last summer, the announcement has not been ...

Iohannis on Exxon's pulling out of Black Sea offshore project: A matter of concern to us

Thursday, January 16, 2020

President Klaus Iohannis said on Thursday that the opening of the new TurkStream pipeline is no problem for Romania, but emphasized that Exxon's selling its stake in the Black Sea offshore gas project is a matter of concern to our country."The opening of the TurkStream gas pipeline isn't a problem for Romania, because we don't get our supply via this line and Romania's supply isn't a problem anyway, it's a settled issue that works very well. On the other hand, the sale of Exxon's ...

OMV fuel production reaches record level in quarter 4

Thursday, January 16, 2020

The Austrian group OMV announced on Tuesday it had reached the equivalent of 500,000 barrels  of oil per day in quarter 4, 2019, thanks to the purchase of big projects in Abu Dhabi, Malaysia and New Zealand, a press release informs. Production obtained by the division in Romania grew slightly. Over October-December 2019, OMV's hydrocarbon production went up to a record equivalent  of 505,000 barrels of oil per day, from 480,000 barrels per day in quarter 3, while ...

Energy production down, population consumption up by 22.5 pct in first 11 months of 2019

Thursday, January 16, 2020

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During 1.I – 30.XI.2019, primary energy resources increased by 2.2%, while those of electricity decreased by 4.3% as compared to the same period of previous year. Energy production dropped in first 11 months of this year by 7.9 pct, a significant decline being noted also in exports of electric energy, by 39.5 pct, while the population's consumption grew by 22.5 pct, according to data of the National Institute for Statistics published on ...

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