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Energy & Environment

Jan-Apr energy output falls 4.1% y/y

Thursday, June 16, 2022

Romania's energy output edged down by an annual 4.1% in January-April, the statistical office, INS, said on Wednesday.Romania's January-April energy production totalled 6 million tonnes of oil equivalent (TOE), INS said in a statement. Imports amounted to 4.664 million TOE, down 5.7% on the year.   Romania's electricity output and imports totalled 22.1 TWh in January-April, down 4.8% on the ...

Romania aims for energy independence in response to Ukraine war

Thursday, June 16, 2022

The Romanian government wants to transform the country’s energy infrastructure and energy mix to attain energy independence, but experts warn there are still issues while environmental groups call for a bigger role for renewables, euractiv.com reads.   Last year, 45% of Romania’s primary energy consumption was provided by ...

Natural gas prices in Romania, up 86.71pct in 2021

Thursday, June 16, 2022

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 Natural gas, edible oil, cornmeal, flour, potatoes, water, sewerage and sanitation services, as well as postal services reported the highest price increases in Romania in 2021, according to data published on Friday by the National Statistics Institute (INS).Thus, between May 2021 and May 2022, natural gas prices surged by 86.71%, while potato prices rose by 50.93% and edible oil prices jumped 44.14%.According to INS, in addition to the ...

Saint-Gobain Romania, ENGIE Romania Partner to Build On-Site Photovoltaic Park

Thursday, June 16, 2022

Saint-Gobain Romania has announced a partnership with ENGIE Romania to build what it says will be the largest on-site photovoltaic park in Romania, https://www.usglassmag.com/ informs. The result of this partnership will be what the companies say will be a system of photovoltaic panels for the ...

EU energy fund to commit $514 million for solar projects at Romanian mining waste sites

Thursday, June 16, 2022

Panels will be installed at waste sites in five mining towns as part of the latest, €2.4 billion ($2.57 million) round of investment from a fund set up to help coal-dependent European member states with the energy transition.   Romania will receive more than €480 million ($514.4 million) of EU money for solar projects ...

Government to sell 1% stake in OMV Petrom to ex-employees by end-2023

Thursday, June 16, 2022

Government said it has approved the sale of 1% stake in oil and gas group OMV Petrom [BSE:SNP] to former employees of the company by the end of next year. In its decree, the government is complying with a High Court of Cassation and Justice ruling from 2019, which required the state to sell up to 8% of the shares in OMV Petrom to employees, government spokesman Dan Carbunaru said during a press briefing on ...

Greenpeace to release report on photovoltaic potential of public buildings in Romania

Thursday, June 16, 2022

Greenpeace released a report called "An untapped resource - The photovoltaic potential of public buildings in Romania."The release conference will discuss the implications of using this energy potential and the benefits it would bring to citizens and local administrations."We are in the midst of an energy crisis; we need to find cheaper, faster, long-term and environmentally friendly solutions. And some of the solutions are closer than we think, even ...

Gas imports of Romania have increased by 50% in January and were four times more expensive

Thursday, June 9, 2022

Romanian gas imports have increased in the first month of this year by 50% against the same month of last year and were at a price four times higher, show the reports of the National Authority for Energy Regulation (ANRE).Thus, if in January 2021 imports were 2.7 million MWh, in January 2022 they were 4 million MWh.The import price was 305 lei/MWh, four times higher than 68 lei/MWh as it was in January 2021.At the same time, the ...

Gross energy consumption in the metallurgical industry increased by 12,4% last year

Thursday, June 9, 2022

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Gross energy consumption in the metallurgical industry was last year 62.534,2 TJ, up 12,4% compared to 2020, according to data centralized by the national Institute of Statistics.   According to the field of use, 54,7% of the consumption was recorded for the furnace load preparation department, 15,2% for cast iron production, 12% for other uses, 6,9% for steel production, 6,3% for electricity production ...

EIB transferred 1.4 billion euro for the financing of the strategic projects in the energy sector in Romania

Thursday, June 9, 2022

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The European Investments Bank (EIB) transferred on Wednesday approximately 1.4 billion euro from the Modernisation Fund for the financing of strategic projects in the energy sector in Romania, announced the minister of energy, Virgil Popescu‘It is about: 8 projects lodged by CEO for the production of energy from renewable sources, total worth 670,802,780 euro, out of which 469,561,946 ...

ANRE: Some suppliers for energy have increased their prices artificially to receive more money from the state

Thursday, June 9, 2022

Some energy suppliers have increased their prices artificially to ask for more money from the state budget through the mechanism of capping and offsetting of invoices, according to a document of the National Authority for Energy Regulation (ANRE).These transactions concluded in order to artificially increase the price may be suspected, according to European regulations, of possible market manipulation, said ANRE representatives, who have started ...

The government approved the continuation of the financing of the closure of tailings ponds in the mining sector

Thursday, June 9, 2022

The government has approved the continuation of the financing of the closure of tailings ponds in the mining sector. There are greening works for several mines in view.     ‘It was necessary to approve a document which could let us continue the projects already started for closure and greening. It is about the mining objective from Baia Sprie – Iaz Tautii de Sus, Maramures county as well as other ...

Serinus begins Romanian drilling program

Thursday, June 9, 2022

* Serinus Energy will drill two wells sequentially into two separate natural gas prospects near Moftinu gas field in northwest Romania. Subject to results of the first two wells the company anticipates drilling a third well to complete this 2022 program, Oil & Gas Journal reads.   Serinus Energy PLC will drill two wells sequentially into two separate natural gas prospects near Moftinu , Satu ...

INVL Renewable Energy Fund I to Invest about EUR 120mln in Solar Power Plants in Romania

Thursday, June 9, 2022

INVL Renewable Energy Fund I to invest about EUR 120mln in solar power plants in Romania   The INVL Renewable Energy Fund I managed by INVL Asset Management, the leading asset management company in Lithuania, is beginning activities in Romania and plans to invest approximately EUR 120 million in the development of solar farms it has acquired.   Under agreements that have ...

KMG on the market differentiation of crude oil and petroleum products in Kazakhstan in the context of sanctions imposed on the Russian Federation

Thursday, June 9, 2022

The European Union approved on June 3, 2022, the sixth package of sanctions, which provides for a phased release of crude oil and petroleum products of Russian origin. The implementation of this measure will take 6 months for crude oil and up to 8 months for petroleum products.   These restrictions do not apply to purchases of crude oil from other countries and delivered by sea if such crude oil is loaded ...

GreenVolt takes over 45MW PV park in Romania for EUR 83 mln

Thursday, June 9, 2022

Portuguese group GreenVolt, a player in the field of renewable energy, reached an agreement with Samsung, through some of its subsidiaries, for the takeover of a 45 MW solar park in Giurgiu, evaluated at EUR 83 mln, according to a GreenVolt statement quoted ...

Romgaz’s strategic goal is to keep annual production decline below 2.5%

Thursday, June 9, 2022

Romgaz has completed an important investment objective in the Snagov priority onshore project, which consists of the development of an infrastructure containing technological installations for 11 wells, four groups of wells, collecting pipes, a drying station and a gas measuring panel.   According to a company statement, the Snagov project is included in the Development Strategy ...

Romania wants to abandon lignite and coal-based energy production by December 31, 2030

Thursday, June 2, 2022

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Romania has established that stopping production of electricity on lignite and coal until the 31st December 2030, by withdrawing from exploitation and the complete closing down of the energy capacities installed on lignite and coal base of 4,929 MW according to a draft of emergency ordnance regarding decarbonisation of the energy sector, published for debate by the ministry of energy.   In the energy sector, coal is ...

Transelectrica completes 60-M lei investment in strengthening national energy security

Thursday, June 2, 2022

The National Power Grid Company Transelectrica has completed the refurbishment process of the 220/110 kV Hasdat Transformation Power Station (Hunedoara County), an investment of more than 60 million lei, made from its own funds, according to a press release of the company sent on Tuesday.The works, started in 2018, have been carried out by the Siemens Energy Association - Tempos Serv, the association leader being Siemens Energy.The refurbishment ...

BSOG to begin offshore gas production in Romania's Black Sea on June 28

Thursday, June 2, 2022

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Black Sea Oil and Gas (BSOG) will kick off production at its shallow waters perimeter Midia, in Romania's Black Sea, on June 28, according to sources familiar with the event consulted ...

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