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Energy & Environment

BSTDB is providing EUR 7 million to Garanti Consumer Finance to finance energy efficiency projects in Romania

Thursday, August 2, 2018

The Black Sea Trade and Development Bank (BSTDB) is providing a EUR 7 million revolving facility to Garanti Consumer Finance, a Romanian non-banking financial institution, to finance energy efficiency, renewable energy and water-saving solutions in the Romanian residential housing sector, http://business-review.eu infoms. The BSTDB’s first facility of the kind is expected to help improve energy efficiency ...

In 2017 Romania produced  less electricity than in 2016 and 2015

Thursday, August 2, 2018

In 2017 Romania produced  63.6 Terawatt/hour with 2% less than in 2016 and with 2.4% less  than in 2015 the data of a report conceived by British Petroleum (BP)says. The biggest productions of electricity  of Europe were in Germany (654.2 terawatt/hour) France (554.1 terawatt/hour) and the UK (335.9 terawatt/hour). Big productions of electricity were recorded in Italy (295.6 terawatt/hour) Turkey (295.5 ...

EIB co-finances Enel’s plan for 14,000 new e-charging stations

Thursday, August 2, 2018

The European Investment Bank (EIB) is working alongside Enel to install about 14,000 charging stations for electric vehicles throughout Italy, over the next five years, energynomics.ro reports. This is the objective of the agreement signed in Rome by the EIB and Enel X Mobility, a subsidiary of Enel X, the Enel Group business line that focuses on developing digital solutions. Enel X Mobility will receive a 10-year loan totalling 115 million euros, guaranteed by Enel Spa, of ...

Only two thirds of cities and a quarter of villages in Romania have access to natural gas services

Thursday, August 2, 2018

The length of the Romanian gas distribution network increased last year by only 1.5 percent, according to data from the National Institute of Statistics (INS), over 90% of the distributed quantities being consumed in the urban area, http://business-review.eu reads. Beyond the lack of roads or the inability of small communities to draw large investment ...

In 2017, Hidroelectrica had record financial results

Thursday, August 2, 2018

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Hidroelectrica announced on Friday that it has distributed dividends worth RON 1.13 billion, or 90 percent of the profit it made last year. The amount is the highest in the company’s history and 10 percent higher than the dividends distributed last year. Of the total, RON 908 million are going to the Energy Ministry, which owns 80 percent of shares, while RON 226 million are going to the other shareholder, the ...

US Ambassador: Parliament passed Offshore Law by disregarding principles of transparency and negotiation

Thursday, July 26, 2018

The US Ambassador to Romania, Hans Klemm, has directed criticism at the way Parliament adopted the Offshore Law, which regulates the exploitation of gas in the Black Sea, saying that all principles of transparency and negotiation have been disregarded, http://business-review.eu informs. Klemm said that he has urged the Romanian government to be predictable in its economic policies and transparent about moves ...

Dumitriu (CCIB): Romanian authorities should focus only on taxes alone

Thursday, July 26, 2018

Romanian authorities should not focus on taxes alone about the offshore law, but would need to correlate this aspect with the country’s industrial and energy strategy, says Sorin Dimitriu, the president of the Bucharest Chamber of Commerce and Industry. A thorough approach of taxes will have to take into account the way resources are exploited, he considers. “Exploitation should be reasonable, not based on a strictly fiscal philosophy. ...

Fondul Proprietatea : GAS PRICE CAPPING BREAKS LOCAL AND EU LEGISLATION AND JEOPARDIZES INVESTMENTS AND ROMANIA’S FUTURE GAS INDEPENDENCE

Thursday, July 26, 2018

  Fondul Proprietatea expresses significant concerns regarding the intention of the Government to cap the gas prices from internal production at around 70% of the current market price, following the recent publication of a draft Government Decision by the Ministry of Public Finance. If adopted, the Government Decision would flagrantly breach already approved legislation, as well as Romania’s obligations as EU member state to observe the free ...

ANRE: Natural gas price for end household consumers to increase 5.83pct as of 1 August

Thursday, July 26, 2018

The natural gas price for household customers will increase by 5.83% as of 1 August 2018, the National Regulatory Authority for Energy (ANRE) said in a statement sent on Thursday."Considering the demands of the natural gas suppliers and the thorough analysis of the costs reflected in the final price, the Regulatory Committee, applying the legal provisions, found that the requirements for an adjustment are met, on an average of 5.83%, of the price at natural gas ...

The Ministry of Finance proposes capping the price of natural gas from domestic production for 3 years

Thursday, July 26, 2018

On Friday, July 20th, the Ministry of Public Finance (MFP) withdrew the project for the capping of the natural gas price to 55 lei/MWh starting by 30 June 2021, energynomics.ro reports. The decision was confirmed by Minister Eugen Orlando Teodorovici, who stated that “we discuss all this when we all by ready”. Asked when the discussion could take place, Teodorovici said he did not know, and that “it can last for years,” according to ...

Romania has the 11th production of wind energy and the 8th production of solar energy in Europe

Thursday, July 26, 2018

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Romania’s production of electricity on wind energy is 7.4 terawatts per hour, the 11th in Europe,  on a par with that of Ireland, the data of 2017 of the British Petroleum  company say. As compared to 2016,the production of wind energy of 2017 was higher with 0.8 terawatt/hour and compared to 2015 it was 0.3 terawatt higher.The main difference is that between the production recorded in 2017 and that of 2010 when the production of wind ...

EC: Romania must apply EU norms for industrial emissions or risk referral to EU Court of Justice

Thursday, July 26, 2018

The European Commission has called on Romania to fully transpose in its internal legislation the EU norms regarding limiting emissions for certain polluting substances, http://business-review.eu informs. The Directive in question regulates emissions of SO2, NOx and particles in the atmosphere with the purpose of reducing these emissions and the risks for human health and ...

Romania exported  electricity almost everyday in July

Thursday, July 26, 2018

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Romania exported electricity almost every moment of July, as a result of the relatively low consumption as well as of the higher price in the neighbouring countries, show the data OPCOM and Transelectrica.Thus, the biggest quantity exported was 1,164 MW on the date of 8th July at 7:00. In the rest, the exports were about hundreds of MW.The only day which was an exception was 19th July when, for a period of several hours our country imported small ...

Jan - May gas imports up 13.4 pct, gas output 1.6 pct higher YoY

Thursday, July 26, 2018

Romania imported 618,300 tonnes of oil equivalent (toe) worth of usable natural gas in the first five months of this year, by 13.4 percent (73,100 toe) more than in the same period of 2017, show figures centralised by the National Institute of Statistics (INS)The domestic natural gas production in the reporting period stood around 3.5 million toe, by 1.6 pct (53,400 toe) more than in the same period last year.According to Romania's Energy Strategy ...

Rompetrol, the first Romanian gas station powered by renewable sources

Thursday, July 26, 2018

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Rompetrol Downstream, the retail division of the KMG International Group, recently completed the fitting of the first Rompetrol gas station with high-capacity solar panels, a premiere for Romania and the Black Sea region, the company informs în a press release sent to ACTMedia. "This is an idea that we have been analyzing for at least three years, but which has become viable with technological developments and factors such as the necessary ...

Almost 1.2 million households have changed their power supplier

Thursday, July 26, 2018

The number of household electricity consumers who left the regulated market and concluded new contracts on the free market increased ten times in the past year and a half, reaching almost 1.2 million consumers, according to data provided by the National Regulatory Authority Energy (ANRE), energynomics.ro informs. In the first three months of 2018, the number of households now joining the free market reached 1.18 million. At the end of 2016, the number ...

Petromidia refinery registered last year an  increase of the nitrogen oxide emissions to 514 tonnes

Thursday, July 19, 2018

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The Petromidia refinery, including Divizia Petrochimica reduced last year the sulphe oxide (SO2) emissions with 3.5% against 2016, but registered an increase of the nitrogen oxide (Nox) from492 tonnes in 2016 to 514 tonnes in 2017. In its turn, Rafinaria Vega registered a huge quantity of emissions of SO2 with 242 kg in 2017, as comparedto 201 kg in 2016, as well as emissions of Nox slightly higher,  from 60.81 tonnes in 2016 to 63.47 tonnes in 2017, according to the ...

The impact of the Offshore law on investments in Black Sea area

Thursday, July 19, 2018

The changes made to the ”Offshore Law” will have a big impact on the oil industry activity and the main issue is that there were no prior consultation or impact assessments, http://business-review.eu reads. And there are quite a few questions on the effects of the law, as we can see from the analysis made by Alex Milcev from EY Romania. Petroleum agreements holders in offshore perimeters received ...

Transgaz plans EUR 160 mln investments abroad

Thursday, July 19, 2018

Romanian state-owned gas transport company Transgaz has included a sum of EUR 164 million for acquisitions abroad in its investment plan for 2017. The company’s total investment budget for this year amounts to almost EUR 400 million, ...

Gas royalties will no longer be related to Austrian prices, ANRM says

Thursday, July 19, 2018

The National Agency for Mineral Resources (ANRM) is preparing to change the system: it will abandon the reference price on the Vienna Stock Exchange for the royalties’ formula and will also take into account the differences between the various deposits, romaniajournal.ro reads. The formula for calculating the royalty for oil resources will be amended by the end of the year, taking into account a reference price on the domestic market (OPCOM and ...

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