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Energy & Environment

Govt. announced 2019-2030 energy sector strategy draft

Thursday, March 21, 2019

omania’s Energy Ministry announced on Monday, March 18, that it has launched in public debate the draft "Energy Strategy of Romania 2019-2030, with the perspective of ...

RWEA: Romania may be “greener” at lower costs

Thursday, March 21, 2019

According to a study by the Romanian Wind Energy Association (RWEA), the cost of achieving a 35% share of green energy by 2030 is down by 18% compared to the current national strateg, energynomics.ro informs. “Last week was the second consultation period on the PNIESC project 2021 – 2030, in which Romania proposes a renewable energy share of only 27.9%, according to the current scenario. The results of an independent ...

Romania missed out on RON 7 billion in natural gas royalties in the last decade, says ANRM advisor

Thursday, March 21, 2019

The Romanian budget has missed out on RON 7 billion in the last decade due to fact that the reference price for natural gas, used for the payment of royalties, has not been updated since 2008, according to Dorinel Ursarescu, advisor to the president of the National Agency of Mineral Resources (ANRM), at the ‘Black Sea Energy Resources Conference’ organized by PSNews. “Producers were paying royalties at a price of RON 495/1,000 cubic ...

2019 edition of “Investing in renewable energy projects in Europe” guide

Thursday, March 21, 2019

Ten years after the European Union vowed to produce 20 percent of its energy from renewable sources by 2020, it has made huge progress toward that goal. Now, a new challenge beckons: In 2018, the EU formally set itself a binding target to achieve 32 percent of energy from renewables by 2030. The latest edition of Dentons’ “Investing in renewable energy projects in Europe” guide surveys an industry at a crossroads. In some ...

Romanians could be forced to pay EUR 340 mln per year on electricity bills to subsidize green energy projects

Thursday, March 21, 2019

Romanians could be forced to pay EUR 340 million each year on their electricity bills to subsidize green energy projects in the country, according to a project released by the Ministry of Economy. The new subsidy scheme is designed to support new low-carbon emission electricity projects. This mechanism, called “contracts for difference”, offers a minimum guaranteed price for low-carbon energy ...

Romanian gas transporter proposes 51% dividend payout ratio

Thursday, March 21, 2019

The management of Romania’s state-controlled company Transgaz, the operator of the natural gas transport network, proposed RON 255 million (EUR 54 million) dividends to its shareholders from last year’s net profit. The company recorded a net income of RON 496 million (EUR 106 million) and proposed a 51% dividend payout ratio. The gross dividend yield, for the current price of the company’s shares, would be ...

F. Hajdinjak(E.ON România ): Authorities must urgently rethink their energy poverty policies

Thursday, March 21, 2019

Since publicly presented in late December 2018, GEO 114/2018 stirred massive reactions on all levels (media, industry, experts, politicians). It was only 2 months later that the reasons for changes introduced in respect to the energy sector seem to be clearer, as some comments from Niculae Havrile?, former president of ANRE and currently personal adviser for the Energy minister, suggested that it was at major gas suppliers’ request that GEO 114/2018 have been initiated. ...

EU Parliament votes for 55% emissions cuts by 2030

Thursday, March 21, 2019

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Members of the European Parliament voted in favour of increasing the EU’s 2030 emission cuts target to 55% and a net-zero mid-century target on Thursday (14 March), bringing an end to weeks of infighting, euractiv.com reads. At the monthly plenary session in Strasbourg, EU lawmakers backed a non-binding resolution on the European Commission’s draft climate plan for 2050. 369 MEPs voted in favour, 116 against and 40 ...

Internal energy market: Commission calls on ROMANIA to correctly transpose EU rules

Thursday, March 14, 2019

Last Thursday, the Commission decided to send a letter of formal notice to Romania for failing to correctly implement certain requirements of the Gas Directive (Directive ...

Anna Colucci (DG ENER): Freezing prices is against competition and it does not help the vulnerable consumers

Thursday, March 14, 2019

Fixing, capping or freezing the energy prices decrease competition, and that usually is a source of revenues for the incumbent companies in energy system, said Anna Colucci, Head of Unit for Retail Markets at DG ENER, in the European Commission, commenting on the measures adopted in recent months in several member states. She made a direct reference to Romania, after a question from energynomics.ro, but the situation is similar in ...

E.ON and Engie propose to establish a new calendar for the deregulation of the gas prices for the population

Thursday, March 14, 2019

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The main suppliers of gas for the population E.ON Romania and Engie Romania propose to the authorities to establish a new calendar for the deregulation of the prices of gas for the population in parallel to the implementation of a system of protection of vulnerable users according to the representatives of the two energy companiesThis is in the context where, according to OUG 114/2018 starting with 1 April, the price of gas for domestic production will be ...

Ambassador Zakonyi Botond: Hungary is ready to buy gas from the Romanian Black Sea at the market price

Thursday, March 14, 2019

Hungary is ready to buy gas from the Romanian part of the Black Sea, at the market price, as they proposed to diversity the sources for supply, stated on Wednesday for AGERPRES, Zakonyi Botond, the ambassador of Hungary to Bucharest.‘We have one supplier, Russia and we need diversification as much as possible’ said the Hungarian diplomat, who took part on Wednesday in a conference on the issue of natural gas.‘The Black Sea is vital, ...

 Group 5 Rovinari will be completed by 2020

Thursday, March 14, 2019

Group 5 at Rovinari coal plant will be completed by 2020 by own forces, CEO Oltenia CEO, Sorin Boza, told energynomics.ro. “There has never been a problem of failing to meet the Group 5 Rovinari in time. It will be completed within the proposed deadline and set for approval, that is, the end of 2020. We have allocated up to now 65% of the total volume of investments,” ...

Romania officially becomes an electricity importer due to power supply shortages

Thursday, March 14, 2019

Romania has officially become in the first month of this year a net electricity importer as it relied on large imports to ensure the power needed by its businesses and households. On Wednesday, the official statistics body said that Romania imported 535.3 million kWh in January and exported only 235.2 million kWh and the electricity balance of the country was on the deficit. Electricity export decline by almost two thirds (61.8 ...

PRIMARY ENERGY RESOURCES DURING 1.I.–31.I.2019

Thursday, March 14, 2019

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During 1.I – 31.I.2019, primary energy resources increased by 0.5%, while those of electricity decreased by 3.7% as compared to the same period of previous year. The main primary energy resources during 1.I.-31.I.2019 amounted to 3054.6 thousand tonnes oil equivalent1 (toe), increasing with 14.0 thousand toe as against 1.I.-31.I.2018. Domestic production amounted to 1713.4 thousand toe, decreasing with 123.8 ...

Transgaz EUR 1.9 bln investment plan, postponed: BRUA pipeline may be affected

Thursday, March 14, 2019

The shareholders of Romania’s natural gas transport system operator Transgaz rejected, with nearly 81% of the votes, the EUR 1.9 billion 2018-2027 National Transport System Development Plan, asking more details. Shareholders asked for more information about the development of the existing network, the investments involved by Romania’s commitments to the European Union (interconnections) and the financial impact of the investments ...

Black Sea Oil&Gas to start gas production in Romania’s Black Sea offshore after Feb. 2021

Thursday, March 14, 2019

Black Sea Oil&Gas has maintained its reservation request for up to 90% of the capacity of a connection point that would allow it to inject the natural gas from its offshore perimeter in Romania’s Black Sea section, national transport system operator Transgaz announced, ...

Electrica, net individual profit dropping to 195 million lei in 2019

Thursday, March 7, 2019

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Electrica Company budgeted a net individual on the drop to 195 million lei for 2019, from 298 million lei last year, while the net profit budgeted at consolidated level is 121 million lei, compared to 230 million lei in 2018, according to a company press release. “The result budgeted for 2019, on the drop compared to the previous year, is mainly explained by legislative amendments in the regulation area, both for distribution and ...

CNSP: Construction of Tarnita- Lapustesti hydropower plant compulsory for stability of national power system

Thursday, March 7, 2019

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Tarnita- Lapustesti hydropower plant with accumulation through pumping is a must for the stability of the national power system and Romania is the only European country without such a plant, according to the study made for the project by the National Commission of Strategy and Prognosis (CNSP). CNSP will take all necessary measures according to the laws in force to initiate the procedure for the public-private partnership for Tarnita-Lapustesti ...

Rompetrol Rafinare – remarkable operational performances în 2018, in volatile market conditions

Thursday, March 7, 2019

According to the press release sent to ACTMedi by Rompetrol Rafinare, member of the KMG International Group, the cited company had remarkable operational performances in 2018 for their two refineries – Petromidia Navodari and Vega Ploie?ti, but also for the Petrochemicals Division on the Midia industrial platform, against the backdrop of increased market volatility, especially in the fourt quarter of the year that passed. With the support of the ...

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