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Energy & Environment

Regional ministerial conference on nuclear energy to be hosted by Bucharest in October

Thursday, August 30, 2018

Romania's Deputy Prime Minister Viorel Stefan on Wednesday welcomed William Magwood, general manager of the Nuclear Energy Agency (NEA) of the Organisation for Economic Co-operation and Development (OECD) to discuss preparations for a regional ministerial conference on nuclear energy to be hosted by Bucharest in October.According to a press statement release by the Romanian government, Magwood visits Romania as part of the preparations for the Regional Ministerial ...

EPG: Romania faces high reputational costs if Black Sea gas exploitation hits snag

Thursday, August 30, 2018

Romania will be racking up very high reputational costs, as well as costs arising from the arbitration lawsuits filed by oil companies, if the latter halt investments in the leased Black Sea offshore gas blocks, director of the Energy Policy Group (EPG) think-tank Radu Dudau said on Wednesday, during a debate on offshore gas.Dudau said that back in 2010, when the oil companies signed the lease agreements with the National Agency for Mineral Resources, they had ...

Transelectrica to open a branch in Moldova, says Economy minister

Thursday, August 30, 2018

Economy minister Danut Andrusca said on Tuesday that national electricity provider Transelectrica, one of the most profitable Romanian state companies, is planning to open a branch in The Republic of Moldova, according to news.ro QUOTED BY http://business-review.eu. The minister had a bilateral meeting with his Moldovan counterpart, Economy and Infrastructure minister Chiril Gaburici. “Moldova is an interesting and ...

PetrolExportImport to file for insolvency

Thursday, August 30, 2018

The PetrolExportImport Shareholders General Assembly will discuss, on October 1, the request for opening the simple procedure for insolvency, according to the notification posted on the Bucharest Stock Exchange (BVB) website quoted by romaniajournal.ro. The reason is related to the takeover, by Piraeus Bank, of a building in Bucharest by foreclosure. The company says that the difference between overall assets and overall debts has diminished to less ...

EU set to end Chinese solar panel import controls in September

Thursday, August 30, 2018

The European Union will scrap import controls on solar panels and cells from China in September, rejecting a request from EU producers who argue that the bloc will be opening its doors to a flood of dumped products. The European Commission, which coordinates EU trade policy, proposed dismissing the request for an “expiry review” and received backing from a majority of the EU’s 28 countries, according to EU sources familiar with the ...

After Trump attack on Russia ties, Merkel eyes Azeri gas

Thursday, August 30, 2018

Castigated by US President Donald Trump as relying too much on Russian gas supplies, German Chancellor Angela Merkel heads to Azerbaijan last week to discuss the development of a southern pipeline to deliver gas to Europe from the Caspian, Euractiv.com with Reuters report. The visit underscores Merkel’s openness to finding alternative sources of affordable gas even as she remains committed to the Nord Stream 2 pipeline, which will carry gas ...

Paroseni, the first unit of CE Hunedoara in accordance with the European environmental legislation

Thursday, August 30, 2018

Starting Monday, August 27, 2018, the Paro?eni Thermal Power Plant operates in accordance with the environmental values imposed by European legislation, the Energy Ministry has announced. After an investment of 65.3 million euros, the Paro?eni thermal power plant was equipped with a desulphurization plant that eliminates 94% of the SO2 emissions. “We are glad that we have the first power plant in CE Hunedoara in accordance with the European ...

Transgaz to invest 360 million euros in pipeline for taking over Black Sea gas

Thursday, August 23, 2018

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 Transgaz is going to invest 360 million euros in building the Tuzla-Podisor pipeline for taking over the gas to be extracted from the Black Sea and transport it to the export pipelines, inform the company managers in the activity report for H1."The major objective of this investment is to build a telescopic pipeline for natural gas transmission between Tuzla and Podisor, to measure 308.3 in length and 1200 and 1000 DN respectively, which will link the natural gas resources ...

Valcov : It is possible that Gazprom is the main shareholder of OMV

Thursday, August 23, 2018

Prime Minister’s adviser for economic issues, Darius Valcov, makes new controversial statements and claims, in an interview, that there is information from sources that Gazprom could be the main shareholder of OMV. In this way, “Romanian gas could go into Russian hands,” he said. Valcov is also dissatisfied that Exxon is based in Bahamas and “we are not able to conduct checks, we have no exchange of information with Bahamas.” The statements were made in an ...

Moldova mulls new gas contract with Romania, not Russia

Thursday, August 23, 2018

Moldova’s government says it will wait for a new Romanian gas pipeline to be built rather than extend a deal with Russian energy company Gazprom, therepublic.com reads. Economy Minister Chiril Gaburici told the TVC21 cable network that the economically-struggling nation, which relies on Russia for gas, will wait for the construction of a 120-kilometer (75-mile) link from Romania’s border to Moldova’s capital, Chisinau. Work on the pipeline is scheduled to start this ...

Transelectrica  sued ANRE for the drop in transport tariff

Thursday, August 23, 2018

Transelectrica sued the National Authority for Regulation  in Energy (ANRE) for the drop in the transport tariffs fact which will provoke the society prejudice worth 138.4 million lei,  shows a report published on Thursday on the site of the BVB. (Bucharest Stock Exchange). According to the company, an order issued by the chairman of ANRE in 2014 will take away from the society with the sum of 138.4 million lei  and through the complaint the amendment of the order is ...

Lukoil and Romgaz prepare new drilling in Black Sea offshore Trident block

Thursday, August 23, 2018

Russia’s Lukoil and Romania’s Romgaz, partners in joint offshore operation in the Black Sea, prepare drilling for exploration well in estimated 30 billion cubic meters deposit Trident, according to Romgaz’s half year financial statement, http://business-review.eu informs. Lukoil owns 87.8 percent of the Trident Block, while Romgaz is the junior partner, with 12.2 percent. In 2015, Romgaz has announced that the ...

Vast Resources took over 24.4 pct. of a perimeter in golden quadrilateral close to Baia de Aries

Thursday, August 23, 2018

The British company Vast Resources took an indirect stake of 29.41 percent of the Geamana-Coltii Lazar perimeter, located near Baia de Arie? and Ro?ia Montan?, in the so-called ”golden quadrilateral” from the Apuseni Mountains, http://business-review.eu informs. Vast Resources, who already manages the polymetallic mines Manaila and Baita Plai, will control an 7,285 square kilometers. According to the ...

Romania’s crude oil production down 2.9 pct in H1 2018

Thursday, August 23, 2018

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Data from the National Institute of Statistics (INS) shows that Romania imported about 4.18 million tonnes of oil equivalent (tep) of crude oil in the first six months of 2018, a figure that is 26 percent higher compared to the same period of 2017. Crude oil production totalled 1.67 million tep, a 2.9 percent decrease from H1 2017. Growing dependency on imports can only be avoided on the medium and long term by encouraging exploitation and production activities and by ...

Romania’s coal production down 9.3 pct in H1 2018, imports up 24.8 pct

Thursday, August 23, 2018

Romania’s net coal production totaled 2.05 million tonnes of oil equivalent (toe) in the first six months of 2018, a 9.3 percent lower figure than the same period of 2017, according to data from the National Institute for Statistics. In the same period, Romania imported 225,300 tep coal, a 24.8 percent higher quantity compared to the first six months of last year. According to the Energy Strategy project published by the Energy ministry, Romania has total reserves ...

Transgaz commences 335 ml euro worth of BRUA works

Thursday, August 23, 2018

National gas transmission company Transgaz signed the contracts and gave the commencement order for works worth about 335 million euro pertaining to the construction of the Romanian sector of the BRUA gas pipeline, and has received 13.8 million euro in pre-financing from the European Commission, shows mid-year data released by the company.The largest contract, worth 126.9 million euro, is for pipelines and curved parts, and was signed on April 23, 2018 with the Turkish company ...

ENEL RANKS 28 IN FORTUNE’S 2018 “CHANGE THE WORLD” LIST

Thursday, August 23, 2018

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The Group is the only Italian company in the 2018 list of those companies that are “doing well by doing good” For the third year out of four since the list was established, Enel has been included in Fortune’s prestigious “Change the World” list, a ranking of the top businesses in the world making a positive social impact through activities that are an integral part of their business strategy and operations, the company ...

Putin and Merkel meet to find solution on gas pipeline Nord Stream 2

Thursday, August 23, 2018

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Russia and Germany are set to proceed with the completion of a second natural gas pipeline under the Baltic Sea between the two countries. EURACTIV’s media partner Clean Energy Wire reports. At a meeting with Russian President Putin near Berlin on Saturday (18 August), German Chancellor Merkel sought to ...

Friendship no more: How Russian gas is a problem for Germany

Thursday, August 23, 2018

For decades, the Friendship pipeline has delivered oil from Russia to Europe, heating German homes even in the darkest days of the Cold War. But the new Nord Stream 2 pipeline is becoming a problem for German Chancellor Angela Merkel, EURACTIV.com with Reuters informs. For US President Donald Trump, Nord Stream 2 is a ...

Reactors 3 and 4 at Cernavoda will cost 5 billion euro (document)

Thursday, August 16, 2018

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The construction of reactors 3 and 4 at Cernavoda is estimated at 5 billion euro and authorities are analysing what state aid they could grant investors, such as the possibility to sell energy outside the stock market, a document called “Reviewed strategy to continue Cernavoda units 3 and 5 project”, posted on Nuclearelectrica website. Since 2009 producers have to sell the whole energy obtained on the stock market, in a transparent and ...

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