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Energy & Environment
Gas imports increase by 0.4 pct in first seven months, and production reduces by 11 pct
Thursday, September 24, 2020
Romania has imported, in the first seven months of 2020, a quantity of usable natural gas of 1.116 million tons of oil equivalent (toe), by 0.4 pct (4,000 toe) more than in the similar period of 2019, according to data centralized by the National Institute for Statistics (INS).The internal natural gas production, in the mentioned period, was of 4.221 million toe, by 11.3 pct (534,000 toe) lower than that in the January-July 2019 period.The main ...
ENEL CFO, AS CO-CHAIR OF U.N. GLOBAL COMPACT’S CFO TASKFORCE, GUIDES LAUNCH OF PRINCIPLES ON INTEGRATED SDG INVESTMENTS AND FINANCE
Thursday, September 24, 2020
Enel Chief Financial Officer Alberto De Paoli participates today in the Global Launch of the CFO Principles for Integrated SDG Investments and Finance, during the United Nations Global Compact (UNGC) Private Sector Forum. The CFO Principles are a set of four values aimed at indicating how companies can align their corporate finance strategies to sustainability commitments in order to create a real-world impact towards the UN Sustainable Development Goals (SDGs). The CFO ...
Nuclearelectrica was included in the Emerging Markets indices of FTSE Russell
Thursday, September 24, 2020
Nuclearelectrica becomes the first majority state-owned Romanian company listed on BVB that is included in the FTSE Russell indices dedicated to Emerging Markets. For the first time in history, the Romanian capital market is included, starting from September 21st, 2020, in the Emerging Markets indices – new investment funds that manage billions of euros will be able to invest in the companies listed on the Bucharest Stock Exchange (BVB), a move that was previously ...
Romgaz to open a supply branch in Turnu Severin
Thursday, September 24, 2020
Romgaz’ Board of Directors approved the establishment of the Drobeta-Turnu Severin Branch, a few days after signing a memorandum with Mehedin?i Gaz for the installation of dozens of small gas-fired power plants in the city. “Romgaz has taken a first step in supplying gas to the end customer,” said Romgaz CEO Adrian Volintiru. “It is a step in the affirmation of ...
Minister Popescu: We need support to finance passing from coal to renewable resources
Thursday, September 17, 2020
Romania needs support to shift from production of electricity based on coal to that from renewable sources, such as natural gas, said Virgil Popescu, the minister of Economy, Energy and Business Environment. “In the energy sector we speak about the national plan in the energy and climate change field which we forwarded to the European Commission and here we ...
EconMin Popescu: Romanian gas has become cheaper, so exports to Hungary have resumed
Thursday, September 17, 2020
Gas on the Romanian market have become cheaper as a result of the increase in domestic production, so that exports to Hungary have resumed, said on Tuesday the Minister of Economy, Energy and Business Environment, Virgil Popescu ."On July 1, the gas market has been deregulated and we changed the centralized market obligation with a gas release program, where we linked the price of gas in Romania to the price of the Vienna regional stock exchange, Baumgarten. As we ...
Coface: Global Renewable Energies: Continued Ascension Despite The COVID-19 Pandemic
Thursday, September 17, 2020
The COVID-19 health crisis has had a negative impact on short-term global renewable energy development, and challenges remain in the medium- to long-term, according to a recent Coface study sent to ACTMedia.. Renewables have strengthened rapidly in the last 20 years, particularly in power generation, increasingly gaining market share from traditional energy sources such as coal, oil, and nuclear. The COVID-19 crisis has had a significant impact on this ...
Eurostat: Romania, among the main lignite producers in the EU, in 2018
Thursday, September 17, 2020
Nine Member States in the European Union produce lignite, also called ‘brown coal’, for electricity and heat production. Germany is the main producer and accounted for about 45% of total EU lignite production in 2018 followed by Poland (16%), Czechia (11%), Greece (10%), Bulgaria (8%) and Romania (6%). All together these 6 countries accounted for 96% of the total EU production. In 2018, 9% ...
Only 35% of Romania's population is connected to gas network
Thursday, September 17, 2020
Prime Minister Ludovic Orban declared on Friday in Orsova, where he participated in the presentation of the project "Prunisor-Orsova-Baile Herculane-Jupa natural gas transmission pipeline", that only 35% of Romania's population is connected to the gas network."Only 35% of Romania's population is connected to the gas network. Romania has gas and we almost have no petrochemistry left, because the PSD [Social Democratic Party] locusts have robbed the entire ...
Jan - July primary energy resources down 13 pct YoY
Thursday, September 17, 2020
Romania's primary energy resources over January 1 - July 31, 2020 were 13 percent down YoY, and the country's electricity resources were 4.5 percent down from the same period of the previous year, shows data released by the National Institute of Statistics (INS) on Friday.The main primary energy resources in the reporting period totaled 17,705 million toe, by 2.647 million toe less compared to the period January 1 - July 31, 2019.The domestic ...
Transgaz seeking 74 mln euro investment loan
Thursday, September 17, 2020
Romanian gas transmission company Transgaz [BSE:TGN] announced that it is seeking a bank loan of 360 million lei ($88 million/ 74 million euro) in order to finance investment projects. Transgaz is seeking a loan with a term of 13 years, with a grace period of 1 year, payable in semi-annual instalments, it said in a statement on Thursday. The company is yet to decide whether it will take ...
Vast Resources raises 1.85 mln euro to cover additional costs of Romanian mining project
Thursday, September 17, 2020
* UK-based Vast Resources said on Thursday that it has raised 1.683 million British pounds ($2.18 million/1.85 million euro) to cover additional costs of production at its Baita Plai polymetallic project in Romania. The cash raised will be used to secure additional working capital that is required on account of delays to cash flow caused mainly through the pause in production caused ...
OMV Petrom and Enel X to install 10 fast charging stations for electric cars in filling stations
Thursday, September 17, 2020
OMV Petrom, the largest energy company in Southeastern Europe, and Enel X Romania, member of Enel X, the division of advanced energy services of Enel Group, will install 10 fast charging stations for electric cars, in OMV and Petrom filling stations, during the next months. The fast charging stations will be installed in OMV and Petrom filling stations covering a distance of approximately 380 kilometers on the main ...
Romgaz and GSP Power announce a new gas plant in Halanga
Thursday, September 17, 2020
Romgaz announced the project to build a new gas plant inside the old thermal power plant in Halanga, Mehedin?i. The company signed a memorandum in this regard with GSP Power, the newest division of Grup Servicii Petroliere, a company specialized in offshore services. In addition to the gas-fired plant with an installed capacity of 150 MW, the Halanga project also includes a 50 MW photovoltaic park. The ...
Ukrainian operator GTSO wants to sign new interconnection agreements with Transgaz
Thursday, September 17, 2020
The operator of the Ukrainian gas transmission system, GTSO, intends, for the second half of this year, to sign interconnection agreements for all border points of Romania, including those on the traditional routes, Medie?ul Aurit and Isaccea, with which it does not have another agreement signed with Transgaz, “which will open access to the Romanian market”, is specified in the financial report of the company for the first half, according to ...
Czech company Photomate enters the Romanian market with Huawei FusionSolar inverters
Thursday, September 17, 2020
Photomate is a Huawei solar inverters authorized distribution partner since 2011 and is well-experienced in Huawei inverter products in technical aspects, sales and service support. Photomate entered the Romanian market by opening this year an office in Bucharest, its activity being coordinated by Adrian Paraschiv, Country Manager for Romania. The Romanian office will offer its customers the best ...
Oltenia Complex gets environmental permit to continue operation of Rosia quarry
Thursday, September 10, 2020
The Oltenia Energy Complex (CEO) has got an environmental permit for the continuation of works in the extended license area of the investment related to the opening and commissioning of the Rosia de Jiu quarry, Gorj County, at a capacity of 8 million tons/year of lignite, reads a statement posted on the company's website on ...
Energy official: Investors will extract 10 pct of country's gas consumption from Black Sea in 2021
Thursday, September 10, 2020
Investors will extract 10 pct of the country's gas consumption from the Black Sea, starting next year, Niculae Havrilet, State Secretary in the Ministry of Economy, Energy and Business Environment, said on Tuesday at the FOREN 2020 online ...
Minister Popescu: Recent Black Sea gas discoveries to bring region into global energy industry's attention
Thursday, September 10, 2020
Following Turkey and Bulgaria's recent Black Sea gas discoveries, the global energy sector will turn its attention to this region, Minister of Economy, Energy and Business Environment Virgil Popescu said on Monday in the opening of the FOREN 2020 online ...
Elena Burmistrova, appointed as President of the Board of Directors of PROMETHEUS GAS S.A.
Thursday, September 10, 2020
PROMETHEUS GAS S.A. announces that as of September 3rd, 2020, Ms. Elena Burmistrova, Deputy Chairman of the Gazprom Management Committee and Director General of Gazprom Export, has been appointed as President of the Board of Directors of PROMETHEUS GAS S.A., the company ...