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Energy & Environment

OMV Petrom Group reports net profit higher by over 370 pct on Q1 2022 v Q1 2021

Thursday, August 4, 2022

OMV Petrom has closed its first semester of this year with a growing net profit of 374%, to 4.646 billion RON, when comparing with the net result of 980 million RON, registered during the similar period of last year, according to the financial data published by the Bucharest Stock Exchange on Thursday.The income value from consolidated sales has gone up to 25.581 billion RON during the first half of this year, going up by 153% when comparing ...

Photon Energy to open three photovoltaic power stations in Romania

Thursday, August 4, 2022

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Dutch renewable energy company Photon Energy will build three new solar farms with a combined capacity of 6 MWp, generating roughly 9.6 GWh annually for the Oltenia region.   Located near the town of Calafat in Dolj County, the power plants will cover over 10.2 hectares of land and will house approximately 10,800 solar ...

Delgaz Grid launches an online application that will help improve the connection process

Thursday, August 4, 2022

Delgaz Grid launched the “Work programs” application, as the first stage of the implementation of the SharePoint-type online platform “Electricity partners”, with the objective of improving the connection process and reducing its duration, the company announced.   By using the platform, which has been operational since July 1, the time to approve work schedules ...

Energy Minister: Romania has broad support from USA

Thursday, July 28, 2022

Romania is benefiting from broad support from the United States of America, says Virgil Popescu, the Minister of Energy, on his Facebook page, after a series of work meetings with representatives of U.S. Department of State, on Tuesday."I had a series of work meetings with several members of the State Department. I met with C. S. Eliot Kang, Assistant Secretary for the Bureau of International Security and Non-proliferation at the U.S Department of State. His ...

Nuclearelectrica inks first contract with Candu Energy to refurbish Cernavoda's Unit 1

Thursday, July 28, 2022

Nuclearelectrica announces the Unit 1 Refurbishment Project's advancement by signing the first contract with Candu Energy, member of the SNC-Lavalin group, and the Design Authority of Unit 1 and OEM (Original Equipment Manufacturer) for CANDU technology, in phase II of the project, according to a Nuclearelectrica press release issued on last Thursday .Under the contract, Candu Energy will provide engineering services for the elaboration of the technical ...

Romania's crude oil production goes down by 6.2% during first 5 months of 2022

Thursday, July 28, 2022

In the first five months of 2022 Romania produced 1,224 tons of oil equivalent (toe) of crude oil, down 80,500 toe (6.2%) from the similar period of 2021, according to data with the National Institute of Statistics (INS).Imports of crude oil in the same period amounted to 3.14 million toe, 242,700 toe (7.2%) below those of January-May 2021.According to estimates of the National Strategy and Forecast Commission (CNSP), Romania's 2022 crude oil ...

Electrica Furnizare installs almost 10,000 photovoltaic units for Romaqua Group Borsec

Thursday, July 28, 2022

  The company Electrica Furnizare has announced on Monday that they will continue the partnership started last year with  Albacher Brewery, belonging to Romaqua Group Borsec and says that they will build a new photovoltaic plant with an installed power of 4.6 MWp on the lands in the immediate vicinity of the Albacher Brewery in Sebes.   The second stage of the project ...

OMV Petrom to pay out 2.5 bln lei in special dividend

Thursday, July 28, 2022

 Romania's top oil and gas group OMV Petrom [BSE:SNP] said that its shareholders approved a proposal to pay out more than 2.5 billion lei ($513.64 million/506.7 million euro) in special dividend.   The company will pay out a gross dividend of 0.045 lei per share, it said in a press release on Tuesday.   As a result, the Romanian state, ...

Imports of petroleum products increased by almost 30%, in the first five months of 2022

Thursday, July 28, 2022

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 Imports of petroleum products increased in the first five months of this year by 29.5% compared to the similar period in 2021, according to data centralized by the National Institute of Statistics.In the January-May 2022 period, Romania imported 1.368 million tons of petroleum products, 311,800 tons more than the same period last year.At the end of April, gasoline stocks were 122,000 tons, diesel stocks were 281,000 tons, and HFO (heavy ...

Romgaz hydrocarbon production down by 0.25 pct in first six months of 2022

Thursday, July 28, 2022

The National Natural Gas Company Romgaz SA recorded a total hydrocarbon production of 16.26 barrels of oil equivalent (boe) in the first half of this year, down 0.25% compared to the same period last year, according to the preliminary data published on Wednesday at the Bucharest Stock Exchange.The amount of extracted gas was reduced by 0.16%, namely by 2.515 billion cubic meters (16.17 million boe). The exploited natural gas from domestic production totaled ...

Electrica Group builds new PV plant for beverages producer Albacher

Thursday, July 28, 2022

Electrica Furnizare, part of Electrica Group, announced the turnkey construction of a new photovoltaic plant with an installed power of 4.6 MWp for Albacher Brewery, part of the Romaqua Group Borsec.   This second stage of the project carried out in Alba county for Albacher Brewery involves the installation of a PV power plant with an average annual electricity production estimated at 5,976 ...

Restart Energy implements a photovoltaic systems project for the Agrocomplex Lunca Pascani company

Thursday, July 28, 2022

Restart Energy, one of the largest independent suppliers of electricity on the local market, announces contract worth 160,000 euros has been signed with the company Agro-complex Lunca Pascani, for the installation of voltaic photo generators with a combined power of 248 kWp.   The project involves the installation of 552 photovoltaic panels on an area of 1,320 ...

Hidroelectrica's output down 30% YoY, still in line with multi-annual average

Thursday, July 28, 2022

The output of state-controlled Hidroelectrica, the largest energy producer in Romania, dropped in the first half of the year by 30% (3 TWh) compared to last year, when the company managed to deliver over 10 TWh. But last year was a very good hydrological year, while this year is marked by a severe drought.   "In the first half of the year, we have almost 3 TWh less than last year. However, it should be ...

Energy spot prices in Romania triples June 2022 y-o-y

Thursday, July 28, 2022

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The spot electricity prices on the OPCOM energy exchange Day Ahead Market (DAM) averaged 1,138 lei per MWh in June 2022, which is 200% higher than those reported in June 2021 of 378 lei per MWh, according to a monthly report posted on the website of the energy exchange operator.The total value of trades was 2.5 billion lei in June, a 207% yearly increase.On the other hand, the volume of deals decreased by 1%, down to 2,153,795 MWh.DAM's ...

Coal production declines 1.5pct Jan.-May 2022, imports up 55.4pct

Thursday, July 28, 2022

Romania's net coal production in the first five months of 2022 reached almost 1.2 million tonnes of oil equivalent (toe), down 1.5% (17,800 toe) y-o-y, according to data with the National Institute of Statistics (INS).In the first five months of 2022, Romania imported 252,500 toe of net coal, up 90,000 toe (55.4%) y-o-y.The National Economic Strategy and Forecasting Board (CNSP) expects Romania's 2022 coal production to reach 3.325 million toe, up ...

Save Gas for a Safe Winter: Commission proposes gas demand reduction plan to prepare EU for supply cuts

Thursday, July 21, 2022

The European Union faces the risk of further gas supply cuts from Russia, due to the Kremlin's weaponisation of gas exports, with almost half of our Member States already affected by reduced deliveries.  Taking action now can reduce both the risk and the costs for Europe in case of further or full disruption, strengthening European energy resilience.     The Commission is therefore proposing ...

ANRE fined 24 players in the wholesale energy market with over 11 million lei

Thursday, July 21, 2022

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ANRE announced on Tuesday that over 2021-2022 completed 28 investigation actions in the electricity and natural gas sector and consequently applied fines of 11.19 million lei to 24 participants in the wholesale electricity and natural gas market.   As a result of European directives transposed in national law, ANRE set up the Investigation Department, having as object the investigation activity in the ...

Gas imports down 14pct in Jan-May 2022; production down 5.6pct

Thursday, July 21, 2022

 Romania imported, in the first five months of 2022, a quantity of usable natural gas of 930,500 tonnes of oil equivalent (toe), 14pct (151,700 toe) less than in the same period of last year, according to data centralized by the National Institute of Statistics (INS).Domestic natural gas production accounted for more than 2.957 million toe during the mentioned period, 5.61pct (176,400 toe) below that of the first five months of 2021.The National ...

Nofar Energy continues to expand its global operations with a significant solar project in Romania

Thursday, July 21, 2022

This week, Nofar Energy announced the entry of another significant project with a capacity of 255MW, https://menafn.com/ informs. The project is in the advanced stages of development. It will be built on 290 hectares of land in southern Romania near a high-voltage power line that will allow the direct ...

OMV Petrom: No need for gas imports in winter, Romania's consumption covered from domestic sources

Thursday, July 21, 2022

 Romania will be able to cover its gas consumption from domestic sources in winter, even on frosty days, without the need for imports, Niculae Havrilet, member of the OMV Petrom Supervisory Board, told on Monday the conference "How do we prepare for the winter energy crisis?"."From previous experience, on a day of extreme cold, Romania consumed 75 million cubic meters of gas. This consumption was ensured from around 25 million from domestic production ...

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