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Energy & Environment

Estonia and Romania are the least dependent countries on energy imports in 2020

Thursday, February 10, 2022

In 2020, the EU imported 57.5% of the energy it consumed, a decrease of almost ...

 Romgaz produced 11.2% more gas in 2021, still less than in 2019

Thursday, February 10, 2022

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Total hydrocarbon production of Romanian state-controlled natural gas company Romgaz rose by 11.2% YoY to 32.5 mln barrels of oil equivalent (boe) in 2021, and the volume of gas from domestic production delivered to the market increased even more (by 12.7% YoY) to 4.97 bln cubic meters.   The company's output still lags behind the 2019 level when it reported 34.07 mln boe total hydrocarbon ...

Radisson Blu Hotel Bucharest becomes the first hotel in Romania with 100% renewable energy

Thursday, February 10, 2022

Radisson Blu Hotel, Bucharest announces that starting January 2022, the electricity contract ensures 100% energy from renewable sources. Through this initiative, Radisson Blu Hotel, Bucharest also announces the extension of its Green Key certification, obtained 9 years ago.   Green Key certification is an important international recognition for companies that participate intensively in tourism development by carrying out an ...

Bulgargaz has sold 37,600 MWh of natural gas to Romania

Thursday, February 10, 2022

Bulgarian has supplier Bulgargaz has sold 37,600 MWh of natural gas to Romania. There were rumors that it was almost double the amount, but they were denied by the authorities,   Bulgarian Energy Minister Alexander Nikolov on Sunday denied allegations that the new management team at the Bulgarian gas supplier sold 60,000 MWh of natural gas to Romania in accordance with a series of previously agreed ...

Capping gas prices will lead to new price increases in April (Intelligent Energy Association)

Thursday, February 10, 2022

Capping the price of gas was a useless measures and, worse, will determine new price increases starting with April, according to an analysis conducted by the Intelligent Energy Association, sent, on last Monday."The median price of natural gas at the end consumer in November 2021, according to INS [the National Institute of Statistics] data, is around 220 RON/MWh. Thus, apparently, the capping of the final price of natural gas at a value of 370 RON/MWh and ...

OMV Petrom posts net profit of 2.86 billion lei last year, up 122%

Thursday, February 10, 2022

OMV Petrom posted a net profit of 2.86 billion lei last year, 122% higher than the previous year, according to a release sent on last Thursday.Sales revenues increased by 32% to 26 billion lei."Our results in 2021 are supported by a strong oil market environment, the excellent use of our assets and the increase in energy demand. However, the result of the exploitation of CCA EBIT excluding special items is below the value recorded in 2019. The ...

New gas distribution networks for 45 localities to be financed with European funds through the POIM

Thursday, February 10, 2022

The Managing Authority for the Large-Scale Infrastructure Operational Programme (POIM) in the Ministry of European Investment and Projects announced the completion of the evaluation of applications for funding submitted in the second session of the call “Development of smart gas distribution networks”. 15 ...

Visa calls for standardized seamless, interoperable payments in electric vehicle charging

Thursday, February 10, 2022

Visa has launched a call to standardize the systems for seamless, interoperable payments in electric vehicle (EV) charging points across Europe. The company believes that the European EV charging industry should commit to providing consumers with the freedom to pay with their chosen method – primarily by adopting open-loop and interoperable payments.   At present, there is no widespread industry standard for payment ...

Michal Wendolowski (Bellona Europa): An EU strategy for CCS would help a lot, as the focus has changed

Thursday, February 10, 2022

Looking forward to see more development around Carbon Capture & Storage – CCS in the wider Central and Eastern European region, Michal Wendolowski, Climate Technology and Policy Manager at Bellona Europa,  shared some thoughts with us at EnergynomicsTalks. We focused on Romania and Poland, with respect to what the two countries could do for tackling ...

EU Taxonomy: Commission presents Complementary Climate Delegated Act to accelerate decarbonisation

Thursday, February 3, 2022

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The European Commission has Wednesday presented a Taxonomy Complementary Climate Delegated Act on climate change mitigation and ...

Enel X Romania last year brought into operation 25 photovoltaic plants with a total rated power of about 10 MW

Thursday, February 3, 2022

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Enel X Romania, part of EnelX Global Retail, the international business division of the Enel Group, brought into operation 25 photovoltaic plants with total nominal power of approximately 10 MW. The photovoltaic units installed in 2021 contributed to the reduction by almost 4,000 tons/year of the carbon dioxide emissions. In 2022, Enel X Romania proposes to reach a rated contracted power of ...

 Distributie Oltenia announces investments of 76 million lei, European funds for a smart distribution network

Thursday, February 3, 2022

The operator Distributie Oltenia announced on Monday that they started the project Advanced Distribution Management System, for the development of a smart network of distribution, for the benefit of the ove 1.4 million electricity users and the value of the project is 76 million lei, out of European Funds.   ‘The strategic project is an advanced system of distribution management, a software platform which ensures the ...

Competition Council authorized takeover of wind energy producer Ecoenergia by Premier Energy

Thursday, February 3, 2022

The Competition Council authorized the transaction by which Premier Energy PLC, Cyprus, takes over the wind energy producer Ecoenergia SRL, Romania, according to a press release of the competition authority sent on Tuesday.   Premier Energy is a company that carries out only holding type activities, and owns directly and indirectly, shares in various companies in Romania and ...

ENEL ENERGIE AND ENEL ENERGIE MUNTENIA WILL ISSUE, RECALCULATED, THE BILLS THAT INCLUDE THE ELECTRICITY COMPENSATION SCHEME

Thursday, February 3, 2022

  The eligible Enel Energie and Enel Energie Muntenia customers benefit from the provisions of the compensation scheme for the electricity and natural gas consumption in the cold season 2021-2022, which is also reflected in the bills issued in December and January, for the period consumption November, December and partly January.   For the consumptions included in the electricity compensation ...

Oltenia Energy Complex welcomes European Commission's decision to approve restructuring aid

Thursday, February 3, 2022

  The leadership of the Oltenia Energy Complex (CEO) welcomes the decision of the European Commission, announced on January 26, to approve the restructuring aid of up to 2.66 billion euros (13.15 billion RON) ensuring the revitalisation and long-term viability of one of the key companies of the National Energy System.According to the president of the Oltenia EC Directorate, Daniel Burlan, quoted in a company statement, "the decision of the ...

AFEER: Energy suppliers will have losses since drawing up bills

Thursday, February 3, 2022

  Energy suppliers will have losses once they start drawing up the bills, because the price established through the new bill compensating ordinance is smaller than the company's costs, according to a press release sent by the Romanian Power Suppliers Association (AFEER) on Friday.AFEER considers that helping consumers, especially household consumers, during cold season is useful, and necessary, but it needs to be made as simple and clear as ...

Bosch expands its energy efficiency and green energy production projects in Blaj

Thursday, February 3, 2022

Bosch plant in Blaj reduces its energy consumption generated by its operations by approximately 10 percent. In 2021, the Blaj location was taking the first step towards producing its own green energy by installing photovoltaic panels, thus paving the way for a more sustainable production activity. In addition, the company is encouraging the transition to electromobility by installing, at the end of 2021, two charging stations for electric vehicles for factory employees ...

Finacon will update the energy efficiency plan of Timisoara

Thursday, February 3, 2022

  Finacon International Consulting SRL from Bucharest will perform the management services from the energy efficiency improvement program (PIEE) for Timisoara, according ...

European Commission approves restructuring aid of up to 2.7 billion euros for Oltenia Energy Complex

Thursday, January 27, 2022

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The European Commission (EC) has approved, in accordance with EU state aid rules, Romania's plans to provide a restructuring aid worth up to 2.66 billion euros (13.15 billion lei) to Oltenia Energy Complex, announces the EC Representation in Romania.According to a release from the EU executive, the measure will allow the company to finance its restructuring plan and restore its long-term viability."The restructuring plan presented by Romania and ...

TSO Transgaz plans joint venture with FII3M for H2 projects

Thursday, January 27, 2022

Transgaz (BVB: TGN), the natural gas transport system operator (TSO) in Romania, got shareholders' approval for hiring a legal consultancy firm in order to analyze and negotiate the legal, financial and commercial conditions for the association with the Investment Fund of the Three Seas Initiative (FII3M) to attract total funding of up to EUR 626 mln for developing natural gas and hydrogen mixed transport infrastructure projects.The estimated value of the legal ...

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