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Energy & Environment
EU energy ministers back 2030 climate goal update, leave deal for later
Thursday, October 8, 2020
Germany’s Economy Minister Peter Altmaier said talks on Tuesday (6 October) between energy ministers from the 27 EU members had shown that a majority want to update the emissions-cutting target by 2030 for the bloc, on its way to climate neutrality by 2050, euractiv.com informs. “We have a historic window of opportunity to show … that we are serious about climate neutrality and ...
Minister Bolos: The amounts for the rehabilitation of thermal energy pipes în Bucharest will be supplemented
Thursday, October 8, 2020
Bucharest could benefit from European funds totaling 2.1 billion euro in the next programming period, 2021-2027, and the amounts for the rehabilitation of thermal energy pipelines could be supplemented, said Marcel Bolos, Minister of European funds. “The next programming period is generous for Bucharest. There are European funds proposed for allocation amounting to 2.1 billion euro, of which 1.5 billion from the European ...
RCE: Traded volumes increased as a result of the liberalization of the natural gas market
Thursday, October 8, 2020
The relevant synthetic data for the first 9 months of 2020 confirm the upward trend of the natural gas market, as the representatives of the Romanian Commodity Exchange (RCE) have anticipated that it would happen with the elimination of the “unfortunate provisions of the well-known GEO 114”. In the third quarter, the positive developments focused on both the two main indicators: the quantities traded and the resulting ...
EU’s offshore renewable energy strategy taking shap
Thursday, October 1, 2020
The European Commission is preparing a strategy to harness the various forms of energy that the oceans and seas can provide, including from wind, waves and tides, euractiv.com reads. The Commission had initially aimed to publish its strategy in mid-October but this has now been ...
Government will treat carefully subject of Black Sea gas starting with December
Thursday, October 1, 2020
The Romanian Government desires the exploitation of gas resources in the Black Sea and will treat carefully the subject starting with December, so that there are no discussions that would affect these projects, said, on Thursday, Tanase Stamule, adviser on economic issues to the Prime Minister of the Romanian Government, in the online conference "Energy on line", organized by the Bursa newspaper."In what regards the Black Sea, there is a ...
The changing fortunes of Romania’s ‘wind power academy’
Thursday, October 1, 2020
A professional reconversion scheme for coal workers that was once billed as Romania’s most ambitious green jobs programme to date has fallen into disarray one year after its launch following the recent change of government, euractiv.com reports. When it was inaugurated last year, the training programme brought new hope to Romania’s Jiu Valley. The region faces economic and social difficulty after more than 20 years of industrial decline ...
ROMATOM: Favorable decision for the nuclear energy adopted by EU Court of Justice in Hinkley Point case
Thursday, October 1, 2020
The Romanian Atomic Forum ROMATOM welcomes the decision of the Court of Justice of the European Union issued on September 23, 2020, regarding the compliance with European legislation of the financing mechanisms for the construction project of a new nuclear power plant at Hinkley Point C in Great Britain, following the appeal filed by Austria regarding the implementation of this project, according to a statement published on the organization’s ...
Adrem: Cities can benefit from Energy Hub solutions
Thursday, October 1, 2020
All investments in a smart city project should have concrete results in subsequent budgets, through savings and return on investment, said Andrei Berechet, Business Development Director, Adrem, during the event “Smart choices for smart cities”, ...
Canada-Romania Partnership in Nuclear Technologies (October 20-21, 2020)
Thursday, October 1, 2020
On October 20-21, the Organization of Canadian Nuclear Industries (OCNI), ROMATOM, Energynomics, Nuclearelectrica and the Embassy of Canada to Romania are organizing the “Canada-Romania Partnership in Nuclear Technologies” online ...
The price of natural gas will remain constant this winter, without syncopes in supply
Thursday, October 1, 2020
Although the natural gas market is undergoing a major transformation and we will see increases in the price of commodity gas compared to current prices, this increase will not be felt by most domestic gas consumers. “There will be no problems in providing gas to consumers due to the large quantities of gas in storage facilities and the development of gas transmission infrastructure,” reads an analysis of the Intelligent Energy Association ...
Nord Stream 2 must be stopped immediately
Thursday, October 1, 2020
Allowing the construction of Nord Stream 2 has been a mistake from the beginning and should be stopped immediately, argues Urmas Paet for euractiv.com. Urmas Paet is a Member of the European Parliament from Estonia for the Renew Europe group. Nord Stream 2 would increase Europe’s energy dependence on Gazprom gas and is in direct conflict with the EU’s core objective of the Energy Union, which ...
Minister Virgil Popescu: reactors 3 and 4 in Cernavoda must be built with partners from the EU and NATO
Thursday, September 24, 2020
The minister of economy Virgil Popescu stated when referring to the evolutions regarding the building of reactors 3 and 4 in Cernavoda that we have spent too much time in a so-called agreement with a Chinese company and they must be made with partners from the EU and NATO. ‘When referring to reactors 3 and 4 for one year, and even more I keep tellin what we have realised today: practically, we have spent too much- seven years – in a ...
BSOG and GSP launch MGD project, US ambassador criticizes harshly Russia’s position in the region
Thursday, September 24, 2020
The American company BSOG and Grup Servicii Petroliere launched the MGD project, the first Romanian offshore natural gas exploitation project developed by the American company, with a total investment of over 600 million US dollars (400 million dollars in the project and another 200 million in related activities), according to BSOG CEO Mark Beacom. “In fact, Romania should not import any cubic meters of gas,” says Beacom, who claims ...
EconMin Popescu: Romania, important step to ensure it is first country to extract gas from Black Sea
Thursday, September 24, 2020
By starting the works on the sub-marine pipeline within the Midia - MGD natural gas development project, Romania has taken an important step and makes sure that it will probably be the first country to extract natural gas from the Black Sea, the Minister of Economy, Energy and Business Environment, Virgil Popescu declared on Thursday."Today is a big day for Romania, for the strategic partnership between Romania and the United States of America, especially for its ...
Beacom (BSOG): All money paid for gas imports go outside Romania
Thursday, September 24, 2020
Romania must be proud of the resources it has and must work to capitalize them, because nobody wants to import gas from other producers in the Black Sea, said, on Thursday, Mark Beacom, CEO of Black Sea Oil&Gas (BSOG).We must not forget that Romania is not the only country with a Black Sea littoral. It has other neighbors, who, desperately, are trying to reach the moment it is in now. I saw and heard the Turkish President speak of a significant discovery in ...
BSOG's Beacom: It's necessary for all the hostile legislation of investments in Black Sea vanishes
Thursday, September 24, 2020
All legislation hostile to investments in the Black Sea must disappear for offshore projects to gain momentum, Mark Beacom, CEO of Black Sea Oil&Gas, said Thursday.In order for projects in the Black Sea to gain momentum, it is absolutely necessary that all hostile legislation in the Black Sea hydrocarbon fields, which was adopted in 2018, disappears completely. And those rules that at the moment allow foreign companies and foreign producers to bring ...
Comanescu (GSP): We hope that, next year mid-June the first gas from the Black Sea to get in the transport system
Thursday, September 24, 2020
The first gas from the deposits in the Black Sea which are included in the Project for Development Natural Gas Midia in the Black Sea of Black Sea Oil & Gas could get into the national system of transport next year, around June, said on Thursday the chairman of Grup Servicii Petroliere (GSP) Gabriel Comanescu.‘Today this is a special event for Romania, for the partnership between Romania and the US.This project which was started two years ago is getting ...
Claudiu Cazacu, XTB Romania: 2020, a year of great headwinds for the oil market
Thursday, September 24, 2020
* To understand where the price of oil is heading in the second half of the year but also in the medium and long term, Claudiu Cazacu, Strategy Consultant at XTB Romania, one of the largest derivatives brokers in the world and investment company listed on the Warsaw Stock Exchange, prepared a comprehensive analysis. This year was one of great trials for oil market participants. Dramatic price ...
Coal production fell by more than 37% in first seven months of 2020
Thursday, September 24, 2020
Romania's net coal production totaled 1.357 million tonnes of oil equivalent (toe) in the first seven months of 2020, by 37.1% (800,200 toe), lower than in similar period of 2019, according to data centralized by the National Institute of Statistics (INS).During the mentioned period, Romania imported 226,200 toe of net coal, by 198,500 toe (46.7%) less than the quantity imported in January - July 2019.The main primary energy resources between ...
OMV Petrom confirms it has reduced gas production and is resorting to imports
Thursday, September 24, 2020
OMV Petrom representatives confirm that the company's gas production has been reduced due to the shutdown of the Hurezani facilities, and gas is being purchased from the market, including imports, to ensure gas availability in National Gas Transmission System (SNT)."As announced in REMIT [Regulation on wholesale energy market integrity and transparency], between September 16 and 22, the compressor and gas treatment plant in Hurezani entered the planned ...