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Energy & Environment
Lands on which pipelines and natural gas transport facilities are located remain state property
Thursday, July 27, 2023
President Klaus Iohannis promulgated, on Friday, the normative act regarding the completion of art. 125 of the Electricity and Natural Gas Law no. 123/2012.The law provides that the lands on which constructions and pipelines for natural gas transport are located are and remain the public property of the state."The lands on which the surface technological installations related to the National Natural Gas Transportation System are located, ...
Romania's crude oil production decreases by 3.9%, imports increase by 10.3% in first 5 months
Thursday, July 27, 2023
Romania produced, in the first five months of 2023, a crude oil quantity of 1.177 million tonnes of oil equivalent (toe), by 47,300 toe less (-3.9%) than in the same period last year, according to data centralized by the National Institute of Statistics (INS).Crude oil imports rose, in the January-May 2023 period, to 3.464 million tep, being 324,200 tep (10.3%) above those recorded in the first five months of 2022.According to the latest ...
Enery seals 50-MWp solar PPA with Romania's Ursus Breweries
Thursday, July 27, 2023
Romanian beer producer Ursus Breweries will procure electricity from an over 50-MWp solar park in its home country under a virtual power purchase agreement (VPPA) with Austria-based renewables developer Enery, https://renewablesnow.com/ ...
The Draft Law for Offshore Wind – Responsibilities, Deadlines, Taxes and Other Obligations
Thursday, July 27, 2023
The Ministry of Energy published the draft law on the necessary measures for the exploitation of offshore wind energy. It will remain in public consultation for 30 days. The main responsibilities regarding the coordination of the development of offshore wind energy production projects rest with the Ministry of Energy and the Competent Authority for the Regulation of Offshore Oil Operations in the Black Sea ...
Study: Romania has tens of thousands of abandoned oil and gas wells and we don't know how much methane they emit
Thursday, July 20, 2023
Romania has been one of the biggest and oldest oil and natural gas producers in the EU and has tens of thousands of historically abandoned wells, but nobody knows the quantity of methane emitted, according to the data of the 2Celsius Association published on the occasion of the webinar on ‘Methane emissions from oil and gas abandoned wells in Romania’ organized on last Monday.According to the specialists, the abandoned wells raise a series of ...
Sebastian Burduja: The two new nuclear reactors would cost about $7 billion
Thursday, July 20, 2023
The two new reactors the company Nuclearelectrica has in mind would cost at least 6.5 billion euro ( 7.29 billion dollars), said on Wednesday the minister of energy, Sebastian Burduja in an interview for Reuters.Burduja added that Nuclearelectrica has negotiations with the Canadian group Lavalin who owns the Candu technology used for the first two ...
Crude oil production to decline at an average annual rate of 2.2% between 2023-2026
Thursday, July 20, 2023
Romania's crude oil production will be on a downward trajectory between 2023 and 2026, with an average annual rate of -2.2%, as a consequence of the natural decline of fields and the maintenance of existing production units, estimates the National Commission for Strategy and Forecasting. According to the latest Energy Balance Forecast, published by the CNSP, crude oil production is expected to be 3.050 ...
Complexul Energetic Oltenia signs contracts for 735MW of new Romanian solar power
Thursday, July 20, 2023
Romanian power company Complexul Energetic Oltenia (CEO) has signed contracts with fellow Romanian firms OMV Petrom and Tinmar Energy to build eight solar PV projects, with a combined capacity of 735MW, in the country, https://www.pv-tech.org/ ...
Romania publishes draft framework for offshore wind, plans 3 GW by 2035
Thursday, July 20, 2023
*The Ministry of Energy in Romania has published draft legislation regarding the development of offshore windfarms in its waters and wants to build 3 GW of capacity by 2035, https://www.rivieramm.com/ ...
Nuclearelectrica, Moldova's energy company Energocom sign long-term energy cooperation MoU
Thursday, July 20, 2023
National Company Nuclearelectrica and the Republic of Moldova's energy company Energocom signed on Tuesday in Cernavoda a Memorandum of Understanding for the development of long-term energy cooperation and the accomplishment of common strategic goals.The purpose of the Memorandum of Understanding is to explore options for ensuring the delivery of energy from Nuclearelectrica's future production by the new capacities that are to enter commercial operation, ...
National strategy to adjusting to climate changes in final stage of adoption
Thursday, July 20, 2023
The national strategy for adjusting to climate change is in the final stage of adoption, and development-related policies must be based on the realities and needs of local communities, minister of Environment, Waters and Forests, Mircea Fechet, said at the 11th meeting of the High-Level Political Forum on Sustainable Development (HLPF2023), which takes place in New York, informs a press release of the ministry sent on Tuesday.At the debate on "Strengthening ...
Romania's natural gas imports down 36.3pct, production up 6.6pct., Jan.-May, 2023
Thursday, July 20, 2023
In the first five months of 2023, Romania imported 591,600 tonnes of oil equivalent (toe) of usable natural gas, down 36.3% (-337,800 toe) y-o-y, according to data with the National Institute of Statistics (INS).January-May 2023, Romania's domestic production of natural gas was 3.154 million toe, up 6.6% (196,500 toe) y-o-y.According to estimates of the National Economic Strategy and Forecast Board (CNSP), natural gas production is ...
Minister Burduja: We can put 735 MW of clean energy capacity into operation by the end of next year
Thursday, July 20, 2023
Romania will have access to more clean energy in the coming years, and by the end of next year, capacities of 735 MW of installed power could be put into operation, according to the Minister of Energy, Sebastian Burduja."We are building the Romania of the Future every day. Today we signed the financing contracts for 8 photovoltaic parks, strategic investments supported by 70% of the Modernization Fund. Hundreds of millions of euros for Romania's green ...
Romania's primary energy output, up 3.4 pct in first 5 months of 2023
Thursday, July 20, 2023
Romania's primary energy output increased by 3.4% in the first five months of the year, compared to the same period in 2022, while imports decreased by 6%, the National Institute of Statistics (INS) reported on Monday.According to INS data, domestic production totaled 7.688 million tonnes of crude oil equivalent (toe), up 251,900 toe (+3.4%) compared to the period 1 January - 31 May 2022, while imports totaled 5.857 million toe, down 374,400 toe ...
Romania urged to submit reports on achieving 2020 energy efficiency objectives
Thursday, July 20, 2023
The European Commission has decided to to send reasoned opinions to Croatia, Hungary, and Romania for failing to comply with reporting obligations under Regulation (EU) 2018/1999 on the Governance of the Energy Union and Climate Action.In particular, the European Commission is calling on Croatia to fully report on the achievement of its 2020 targets for energy efficiency and share of energy from renewable sources in the dedicated E-platform. It is also ...
EIB to support Green Deal Industrial Plan with €45 billion in additional financing
Thursday, July 20, 2023
EU Bank raises size of its REPowerEU package by 50%, expands eligibilities to finance manufacturing in state-of-the-art Strategic Net-Zero Technologies Additional funding is expected to mobilize over €150 billion in investment by ...
EnergMin Burduja urging Romanians to invest in capital market, Hidroelectrica
Thursday, July 13, 2023
The interest of retail investors has also been visible in the listing of Hidroelectrica and we very much insisted that the tranche for retail investors be 20% of what was listed, Energy Minister Sebastian Burduja said on Wednesday at the listing of the Hidroelectrica company with the Bucharest Stock Exchange (BVB)."I want to thank the Proprietatea Fund and Franklin Templeton for this agreement to make as many shares available to Romanian investors, to the ...
Isarescu, about listing of Hidroelectrica: Bucharest Stock Exchange is taking its maturity exam today
Thursday, July 13, 2023
The Bucharest Stock Exchange is taking its maturity exam with the listing of Hidroelectrica, a leader in electricity production and the main supplier of technological services needed in the national energy system, the governor of the National Bank of Romania, Mugur Isarescu, said on Wednesday."We are honored to host the event occasioned by the stock market listing of Hidroelectrica, a leader in electricity production and the main provider of ...
Romania's primary energy production expected to grow by 5.6pct annually in 2023-2026
Thursday, July 13, 2023
Romania's primary energy production should grow by an average annual rate of 5.6% in 2023-2026, according to the latest estimates of the National Economic Strategy and Forecasting Board (CNSP).The production of hydroelectric power for the year 2023 should have an estimated value of 1.707 million tons of oil equivalent (toe), while in 2024 it should decrease by 10.4%, under normal weather conditions, while the production of wind power for the year 2023 should ...
Schneider Electric Unveils an Industry-First Free Carbon Calculator for
Thursday, July 13, 2023
Schneider Electric™, the global leader in the digital transformation of energy management and automation, unveiled a new framework to help companies understand the full environmental impact of enterprise data centers. The framework, detailed in a ...