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Energy & Environment

Romanian state planning to acquire through Romgaz 50 pct stake in Neptun Deep offshore gas project

Thursday, November 5, 2020

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The Romanian state intends to acquire through the National Natural Gas Corporation Romgaz the 50 percent stake in the Neptun Deep gas block currently held by ExxonMobil, Minister of Economy, Energy and Business Environment Virgil Popescu said on Friday.In an earlier online broadcast by media platform EM360 Popescu had said that Poland's state-owned oil company PGNiG had given up plans to take over a part of the Neptun Deep deposit, ...

Alive Capital to raise EUR 2 mln with bond issue

Thursday, November 5, 2020

Alive Capital, a Romanian company providing integrated services in the energy sector, also operating as a supplier and trader on the energy market, will issue RON 10 million (EUR 2 mln) of bonds on the Bucharest Stock Exchange ...

MFP analyses projects worth more than 1 billion lei to develop smart gas distribution networks

Thursday, November 5, 2020

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A number of 24 projects meant for the development of intelligent natural gas distribution networks, worth 1.16 billion lei, have been submitted and are currently being analyzed for funding under the Operational Programme for Large Infrastructure (POIM), the Ministry of European Funds (MFE) announced on Monday evening.According to a press release, MFE is financing, through POIM, projects for the development of smart gas distribution networks. So far, 24 projects ...

Final energy consumption increases by 1.1 pct in 2019, over previous year

Thursday, November 5, 2020

The final energy consumption in the year 2019 has increased by 264,000 tons oil equivalent (toe), an increase of 1.1 pct over 2018, according to data published on Monday by the National Institute for Statistics (INS).The final energy consumption in industry (including construction) recorded an increase of 0.6 pct over the previous year, mainly due to the increase in consumption in the industry of chemical and pharmaceutical products, rubber and plastic products ...

Participation of DESFA in the Alexandroupolis LNG Terminal

Thursday, November 5, 2020

The Greek company Gastrade SA announces the signing of the agreement for the acquisition of 20% of its share capital by DESFA S.A., owner and operator of the National Natural Gas Transmission System of Greece. The agreement was signed in Athens by the Founding Shareholder & Chairman of the Board of Directors of Gastrade, Mrs. Elmina Kopelouzou and the CEO of DESFA, Mr. Nicola Battilana in the presence of the Minister of ...

BRM launches derivative contracts on natural gas

Thursday, November 5, 2020

Romanian Commodities Exchange (BRM) announces the launch for the first time in Romania, on November 16, 2020, of derivative contracts having as supporting asset natural gas.   The announced event continues the effort of recent years of the BRM and Romanian producers and suppliers to build together a strong, modern and efficient natural gas market, able to finally offer the country the position and status ...

Global investor group urges United States to rejoin Paris climate accord

Thursday, November 5, 2020

A group representing European and US investors with a collective $30 trillion in assets urged the United States to quickly rejoin a global accord to tackle climate change on Wednesday, as a decision by President Donald Trump to leave the pact came into effect, ...

France will be involved, together with the USA and Canada, in the construction of the Cernavoda reactors

Thursday, October 29, 2020

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Romania and France have signed a declaration of intent on cooperation in the civil nuclear field, which aims, among other things, to collaborate in carrying out the construction project of Reactor 3 and 4 at Cernavoda and capital repair, modernization, renovation of Reactor 1, in a broader framework, with strategic partners.   “Today Nuclearelectrica signed an agreement with Orano, within the ...

Transelectrica checked the stage of the overhead power line 400 kV Oradea –Bekescsabaek project

Thursday, October 29, 2020

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The leadership of the national energy transporter Transelectrica checked the stage of works for the finalisation of the zone of Overhead Power Line of 00 kV Oradea Sud 0 Nadab, part of LEA 400 kV Oradea – Bekescsaba, investment resumed this year after more than 12 years of blockage. The operation of this power line has an important role in securing supply with electricity in the North-West part of the country, say the representatives of the ...

Transgaz has completed the modernization of the Silistea compression station

Thursday, October 29, 2020

Transgaz has completed the upgrading works on the natural gas compression station in Silistea, following an investment of 74 million euros, according to a company's release sent on Friday.The project was also necessary in the context of taking over in the Romanian natural gas transport system of the deposits discovered in the Black Sea, for their capitalization on the Romanian market and on the regional markets, show the Transgaz ...

Romania - cheapest fuel market in EU, after Bulgaria

Thursday, October 29, 2020

Romania has the second lowest price for petrol and diesel fuel in the European Union, after Bulgaria, according to the latest data from Oil Bulletin, a publication of the European Commission.Thus, starting with October 19, petrol costs in Romania 0.934 euros per liter on average, while the European average is 1.265 euros per liter.Bulgaria has the lowest price for petrol, respectively 0.897 euros per liter, while the most expensive petrol is ...

Energy prices for companies without supplier to be tied to stock quotes

Thursday, October 29, 2020

Under a recent order of the National Energy Regulatory Authority (ANRE) on the designation of suppliers of last resort, energy prices for non-household consumers without a supplier will take into account the Day-Ahead Market (DAM) quotations on the of the OPCOM energy exchange.The status of supplier of last resort (FUI) entitles the respective electricity supplier, for any network area, to provide universal service to domestic and non-household customers ...

ANRE : EUR 1.36 mln fines on 11 energy suppliers in Romania

Thursday, October 29, 2020

Energy market regulator ANRE issued fines totaling RON 6.6 million (EUR 1.36 mln) for 11 energy (natural gas and electricity) suppliers and producers. ANRE has thus sanctioned the companies’ behavior in the wholesale market. The investigation on the wholesale energy market was initiated in 2018 and covered 33 companies. ANRE has completed its investigation for 17 of the targeted companies, of which ...

MACQUARIE INFRASTRUCTURE AND REAL ASSETS AGREES TO ACQUIRE CEZ GROUP ASSETS IN ROMANIA

Thursday, October 29, 2020

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Macquarie Infrastructure and Real Assets (“MIRA”) today announced that a consortium led by Macquarie European Infrastructure Fund 6 (“MEIF6”) has reached an agreement to acquire a portfolio of Romanian power assets owned by ?EZ Group.   The integrated energy infrastructure portfolio is comprised of an 86,665 kilometre regulated electricity distribution network and an electricity ...

EconMin Popescu: Transformation of Energy System must be done on clean technologies

Thursday, October 22, 2020

Romania needs investments to transform the Energy System, which must be done on clean technologies, based on competitive mechanisms, Minister of Economy, Energy and Business Milieu Virgil Popescu told the event Romanian Energy Day Conference, organized by the Romanian Energy Center."Romania needs investments to transform the Energy System. (...) Romania and the US have signed an intergovernmental cooperation agreement that will contribute to the ...

Iohannis: EC proposal to cut greenhouse gas emissions could be accepted by Romania, under certain conditions

Thursday, October 22, 2020

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Present at the European Council meeting in Brussels on Thursday and Friday, President Klaus Iohannis said that Romania could accept the European Commission's proposal to reduce greenhouse gas emissions under certain conditions.European leaders discussed the future of the EU-UK relationship, climate change, EU coordination in the context of the COVID-19 pandemic, EU-Africa relations, developments in the Union's eastern neighborhood, with a focus on Belarus and the ...

Valentin Nae appointed to manage Cernavoda n-power plant

Thursday, October 22, 2020

The Nuclearelectrica National Corporation has announced the legal termination of the individual employment contract of Dan Bigu, director of the Cernavoda n-power plant and the appointment, on Monday, of Valentin Nae."SN Nuclearelectrica SA is hereby informing shareholders and investors on the legal termination of the individual employment contract of Mr Dan Bigu, Director of the Cernavoda NPP Branch, as a result of the standard age conditions and the ...

Survey: One in four Romanians concerned about cutting food waste

Thursday, October 22, 2020

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One in four Romanians says they are concerned about reducing food waste, while the rest admit to throwing away uneaten food, shows a LifeBox survey conducted on the occasion of National Food and Food Waste Combat Day."According to data taken from the LifeBox guide for the optimal choice of the menu, 3 out of 4 respondents to the question: 'What do you do with the food left uneaten in your fridge?' report throwing it away, a habit that is becoming increasingly ...

PATRES asks authorities to increase renewable enery target up to at least 34pct to be reached by 2030

Thursday, October 22, 2020

The Employers Organization of the Producers of Energy from Renewable Sources (PATRES) calls on the authorities to implement the European Commission's recommendations and raise the target for renewable energy up to at least 34pct to be reached by 2030, according to a press release on Thursday sent to Agerpres."The Employers Organization of the Producers of Energy from Renewable Sources - PATRES has repeatedly pointed out that Romania may need to increase its ...

EU leaders to decide tougher climate goal in December

Thursday, October 22, 2020

EU leaders on Thursday (15 October) said they will decide on a more stringent climate target for 2030 at a summit in December, leaving more time to forge a united European response to climate change.   Ambitious climate goals are backed by big EU powers including France and Germany, as well as many major businesses, but face resistance from eastern member states still dependent on coal for ...

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