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Energy & Environment

European Green Deal: Commission proposes transformation of EU economy and society to meet climate ambitions

Thursday, July 15, 2021

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Today (Wednesday, July 14 -e.n.), the European Commission adopted a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. Achieving these emission reductions ...

Nuclearelectica has a new strategic vision, nuclear will replace coal

Thursday, July 15, 2021

Nuclear power will provide about 35% of the country’s consumption needs by 2030, by operating four CANDU nuclear units, according to a statement from Nuclearelectrica (SNN) regarding the adoption of a new strategic and long-term sustainable vision.   “We are currently at the stage where our history and role so far make us responsible for looking carefully to the future. SNN’s mission, vision and values ...

WEC's Iancu: Romgaz can support Black Sea offshore drilling investment, should be operator

Thursday, July 15, 2021

Romanian gas producer Romgaz has the capacity to support investment in the Neptun Deep deep-water offshore gas field development project in the Black Sea and should be the operator of this project, Chairman of the Romanian National Committee of the World Energy Council Iulian Iancu told a news briefing on Tuesday."I think so, I think it can support the investment [under the Neptun Deep deep-water offshore gas field development project] if it takes over Exxon's ...

Final electrical energy consumption up 6.3 pct in first five months

Thursday, July 15, 2021

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The final electrical energy consumption in the first five months of 2021 was of 23.177 billion kWh, by 6.3 higher than in the corresponding period of 2020, according to data published on Tuesday by the National Institute for Statistics (INS).Public illumination recorded a drop by 4.7 pct, and the population's consumption grew by 8.8 pct.The main primary energy resources increased, in the January 1 - May 31, 2021 period, by 8.8 pct, and the electrical ...

Energy Minister: Romania will be able to receive gas from Azerbaijan in July 2022

Thursday, July 15, 2021

 The Bulgaria-Greece gas interconnector will be finalized until July 2022, so that gas from Azerbaijan will reach Romania, wrote, on Facebook, Energy Minister Virgil Popescu."Today [Friday - e.n.] I had a working meeting with my counterpart from Bulgaria - Energy Minister Andrey Zhivkov, on the sidelines of the participation in the Three Seas Initiative Summit in Sofia. The discussion focused on future actions to strengthen bilateral relations between ...

35% of Romania's electricity after 2030 will be nuclear

Thursday, July 15, 2021

Nuclear energy will provide about 35% of the country's consumption needs by 2030, by operating four CANDU nuclear units, according to a statement from Nuclearelectrica (SNN).   Romania's Parliament on June 22 ratified the Memorandum between the United States and Romania on the cooperation in the civil nuclear sector, a memorandum provisioning for the expansion of Romania's sole nuclear plant located at ...

Alro, the biggest electricity consumer, must rely on spot market

Thursday, July 15, 2021

Romania's biggest electricity consumer, aluminium maker Alro, must cover some 30% of its consumption through purchases on the spot market after several suppliers terminated their ...

Schneider Electric and Wärtsilä Launch World’s First Sustainable Lithium Mining Power Solution

Thursday, July 15, 2021

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New power system enables sustainable and otherwise impossible lithium mining in areas without grid access, unlocking global market supply Delivers average 27% CapEx saving and 20% CO2 reduction Accelerates mining ...

CEZ Romania submitted  a list of projects worth 500 million euro from European Funds to the Ministry of Energy

Thursday, July 8, 2021

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CEZ Romania submitted a list of projects worth 500 million euro to the ministry of energy in order to access European Funds, stated on Tuesday Doina Vornicu, the operations manager of the company, in a press conference.‘Over the last four years we drew European funds worth 60 million euro, a part   of it has already been used and another part is being used now. We go on with these measures and we prepare for future opportunities for financing. ...

Petromidia Refinery blast: Fire started at gasoline hydrofining installation; pipe probably cracked

Thursday, July 8, 2021

Rompetrol Refinery Director General Felix Crudu-Tesloveanu said on Friday that the fire at Petromidia started at the gasoline hydrofining installation and the ensuing blast generated three more outbreaks, with the probable cause being a cracked pipe.He said that the fire broke out on a platform where there is various industrial equipment and where five people were working. Four of them were injured and one was found dead."Unfortunately, a fire ...

Court approves insolvency of electricity trader Getica 95

Thursday, July 8, 2021

The court in Buz?u admitted at the beginning of this month the request for insolvency filed for Getica 95, the biggest independent electricity trader, a business of RON 1.5 bln (EUR 300 mln) owned by the businessman Viorel Tudose.   The insolvency request was filed by creditors and not the company itself - as Tudose announced in June. Tudose said at that time that the company faces cash flow and not ...

Transgaz triples capacity of gas interconnector to Moldova

Thursday, July 8, 2021

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Transgaz announced that from October 1, the technical capacity of the Ungheni interconnection point (IP) will increase on both directions. Thus, on the direction Romania – Republic of Moldova, the maximum technical capacity will be at the level of 5.076 mcm / day (0o C), respectively 57,542 MWh / day (15/15o C), and on the direction Republic of Moldova – Romania, the maximum technical capacity will be at the level of 0.93 mcm / day (0o  C), respectively ...

Romania could benefit from almost 1 billion euros in European funds for hydrogen

Thursday, July 8, 2021

 Romania could benefit from almost one billion euros in European funds for projects related to the production, transport and use of hydrogen, Corina Atanasiu, Secretary of State with the Ministry of Investments and European Projects (MIPE) told a press conference on Monday."We have two very important lines of funding to promote hydrogen as a green source and a vector of transition to a cleaner economy," she said.These are, first of all, ...

BVB and Envisia – Boards of Elite launched a partnership to strengthen boards of directors

Thursday, July 8, 2021

The Bucharest Stock Exchange (BVB) and Envisia – Boards of Elite have launched an educational partnership dedicated to players in the capital market: “Corporate governance that creates value”. The program is designed to boost the competitiveness of boards, promote good business practices and develop the skills and abilities needed by board members, thus contributing to building a strong corporate governance culture. The educational initiative is ...

The energy security of Romania can be endangered by the lack of investments in capacities for the generation of electricity

Thursday, July 1, 2021

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The Coalition for the Development of Romania (CDR) sends a signal of alarm with regards to the importance of legislative framework to stimulate investments in new capacities to produce electricity by ensuring the right of the investors to sign bankable negotiated contracts on long terms, outside the centralized market.The representatives of CDR show that the energy security of Romania may be endangered by the lack of investments in capacities for the ...

Havrilet (Ministry of Energy): the offshore law may be amended this year

Thursday, July 1, 2021

The offshore law could be amended this year and will come with good signs for investors, announced Niculae Havrilet, director in the ministry of energy, in a specialty conference.At present, ExxonMobil and OMV Petrom are equal partners in the project Neptun Deep, where the explorations showed deposits estimated at 42-84 billion cubic metres. To compare, Romania produced last year 9.2 billion cubic metres.ExxonMobil announced its intention to give up ...

Enel X builds photovoltaic park for retailer Kaufland

Thursday, July 1, 2021

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Enel X Romania, part of Enel X, the advanced energy services division of the Enel Group, is implementing a photovoltaic system for retailer Kaufland in Turda, in western Romania’s Cluj county, the company announced.   The park, a EUR 1 million investment, will have an installed capacity of 1 MWp. The project involves the turnkey delivery of a system that integrates over 2,000 photovoltaic panels located on a plot of land in the vicinity of the Kaufland logistics ...

Fitch keeps investment grade rating for Romanian gas transporter Transgaz

Thursday, July 1, 2021

International rating agency Fitch Ratings has affirmed Romanian gas transporter Transgaz's Long-Term Issuer Default Rating (IDR) at ...

OMV Petrom announces roughly 70 ml euro investment to replace Petrobrazi refinery coke drums

Thursday, July 1, 2021

Energy company OMV Petrom will invest approximately 70 million euros to replace the coke drums at the Petrobrazi refinery; the new drums will be manufactured in Romania and are designed for a lifespan of over 20 years, the company said in a release.The process of replacing the coke drums will take place between 2021 and 2023 and approximately 11 million euros will be invested this year."OMV Petrom, the largest energy company in South-Eastern Europe, will invest ...

ANRE: Over half of energy consumers, on competitive market; for others, price rises by 3-13pct

Thursday, July 1, 2021

There are over half of the household electricity consumers on the competitive market at the end of June, and for the other consumers the active energy prices will go up by 3-13%, as of July 1, Zoltan Nagy-Bege the deputy chairman of the The National Authority for Energy Regulations (ANRE), told a specialty conference.Since January 1, 2021, regulated prices were eliminated. At that time, from the 8.9 million consumers, approximately 3 million already had newly signed ...

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