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Energy & Environment

Nuclearelectrica is ready to develop new reactor on its own

Thursday, February 20, 2020

Romanian state-controlled nuclear company Nuclearelectrica needs between EUR 3 bln and EUR 3.5 bln to develop the third nuclear reactor of the Cernavoda nuclear power plant using own resources and bank loans, but it needs state guarantees to contract the loans, said Theodor Chirica, member of the company’s board and former CEO speaking at an energy ...

EBRD interested in 5% stake in Romania's Hidroelectrica

Thursday, February 20, 2020

The European Bank for Reconstruction and Development (EBRD) is interested in acquiring a 5% stake in state-owned Romanian hydro power producer Hidroelectrica, local media reported on Monday. "We support the listing of the company on the Bucharest Stock Exchange. We have a letter of intent from the EBRD who want to be part of the pre-listing procedure by acquiring a 5% stake," Ziarul Financiar newspaper quoted economy and energy minister Virgil Popescu ...

Transelectrica's 2019 profit at 104.4 ml lei, up 28 pct

Thursday, February 20, 2020

National electricity transmission system operator Transelectrica's net profit stood at 104.4 million lei last year, up 28 percent from the 81.3 million lei registered in 2018, shows a report sent on Friday to the Bucharest Stock Exchange.Transelectrica's total revenues were 2.397 billion lei in 2019, down 11.9 percent from 2.721 billion lei in 2018. At the same time, expenses decreased by 13.3 percent to 2.271 billion lei from 2.620 billion lei in the previous ...

Intero Integrity Services acquires environmental and integrity service provider The Sniffers

Thursday, February 20, 2020

Intero Integrity Services announced it has acquired The Sniffers, a longstanding service provider to the oil & gas industry and specialized in emission monitoring and pipeline integrity services. The 90-employee company The Sniffers, founded in 1991 and headquartered in Belgium, offers emission reduction services such as LDAR and tank emission measurements, energy saving projects for flare- and steam-losses and underground pipeline integrity ...

BSOG to deliver first offshore gas from Romania’s Black Sea in 2021

Thursday, February 20, 2020


Black Sea Oil and Gas (BSOG), the only company that has already made the final investment decision to exploit an offshore gas perimeter in Romania’s Black Sea, maintains its goal of bringing the first gas to shore in 2021 despite the operations lagging slightly behind schedule. “We are a little late, the project is at 25% [versus 50% planned], but we will start the extraction in 2021,” Mark Beacom, CEO of ...

Climate Action: Commission urges Romania to notify national measures on penalties for infringements of Regulation on fluorinated greenhouse gases

Thursday, February 13, 2020

Today, the European Commission decided to send a reasoned opinion to Romania for failing to adopt measures on penalties for breaches of Regulation (EU) No 517/2014 on fluorinated greenhouse gases. Fluorinated greenhouse ...

EC approves Romania’s EUR 53 mln support scheme for charging stations

Thursday, February 13, 2020


Romania will offer grants totalling EUR 53 million to companies that will install charging stations for electric and hybrid vehicles, after the European Commission (EC) approved the support scheme as legal. The EUR 53 million budget covers the period 2020-2025. The goal is to stimulate the creation of a national network of charging stations for electric vehicles that will cover urban, suburban and rural ...

OMV Petrom to install electric charging stations in 30 gas stations

Thursday, February 13, 2020

Romanian oil and gas group OMV Petrom, which manages the largest fuel distribution network in Romania and also has gas stations in the Republic of Moldova, Serbia and Bulgaria, will start installing electric car charging stations, announced Radu Caprau, the company’s member of the directorate in charge with the downstream oil segment, according ...

Romania exceeds 250 green buildings, with two-thirds in Bucharest

Thursday, February 13, 2020

Over 250 dwellings in Romania have been certified as green buildings, and most of them, respectively 75pct, are in Bucharest, according to a release from the consulting firm BuildGreen, released on Wednesday .The capital is followed by Cluj-Napoca, Timisoara and Brasov."The implementation of sustainable development norms has already become a widespread practice on the real estate market in Romania. We already have office buildings with sophisticated systems that ...

Romania, net electricity importer in 2019

Thursday, February 13, 2020


Romania in 2019 was a net electricity importer, given that the imports soared by 74 pct, while the exports dipped by 34 pct, according to data released on Wednesday by the National Statistics Institute (INS).The imports totalled 5.110 TWh, while the exports stood at 3.592 TWh, thus resulting in a 1.518 TWh negative balance.Romania's electric power final consumption last year parked at 55.2 TWh, 1 pct lower than the level recorded in ...

Vodafone Romania acquire 100% green energy for its operations, starting with 2020

Thursday, February 13, 2020

Vodafone Romania announced a major step within its strategic objective to reduce the carbon footprint and the environmental impact. Thus, starting with 2020, Vodafone Romania purchases 100% green energy for its operations, from renewable sources, following the renegotiation of contracts with energy suppliers. For the green energy purchased in 2020, the certificates of origin will be issued by the suppliers at the beginning of next year or at half-year, case by ...

Gov't resumes the liberalisation of its energy market

Thursday, February 13, 2020

Gas and electricity prices for households, which had remained on the regulated market, will be gradually liberalised in 2020 following a troubled period generated by emergency ordinance (OUG) 114/2018. But the bad effects may prove difficult to overcome. From July 1, the current price cap for gas sold to households will be removed, and electricity prices will be fully liberalised as of January 1, 2021. Prices were re-regulated ...

Transgaz loses 435 mln. lei in operating revenues in 2020, profit decreases by 65%

Thursday, February 13, 2020

Transgaz proposes to shareholders to approve, at the general meeting (GSM) of March 4, a budget of revenues and expenses (BVC), which marks a decrease of the net profit by about 65%. The operating revenues will decrease by 22%, mainly due to the diminution of the revenues with the balancing of the national transport system (SNT) by 214 million lei, but also to the “decrease of the revenues from international transport services by 211.6 million lei due to the termination ...

Romgaz reacts to the vote in the Senate: Liberalization will not raise prices after July 1

Thursday, February 13, 2020

Largest producer and main supplier of natural gas in Romania, Romgaz states that “it did not identify any real reason that with the liberalization of the market, on July 1, there will be any price increases for the natural gas supplied in the market”. And after July 1, the company will continue to provide the gas supplies needed for both households and industrial customers, says Adrian Volintiru, the General Manager of Romgaz, in a press ...

EIB approved EUR 4.9bn in investment for climate-action projects, Romania included

Thursday, February 13, 2020

European Investment Bank (EIB) has approved up to EUR 4.9 billion in investment for clean energy, sustainable transport, high-speed communications and social housing, as well as health and education infrastructure across the world. Of the approved investments, EUR 1.7bn are for the private sector investment, including reducing industrial energy use, developing medical devices and accelerating digitalisation of postal services. Money will be given to ...

Hidroelectrica looking to hire legal consultant for listing

Thursday, February 13, 2020

The state-owned electricity producer Hidroelectrica, the most valuable company still controlled by the state, has launched the selection process for a legal consultant to advise it on the listing ...

Nuclearelectrica estimates for this year a net profit growing by 1% against last year

Thursday, February 6, 2020

The energy producer Nuclearelectrica (SNN) estimates that they will obtain this year a net profit of 549.4 million lei, up by 1% against the preliminary result for last year, of 542.6 million lei, according to the budget draft regarding the income and the expenses of the company.The document will be presented for approval in the General Shareholders Assembly to take place on 5th March.Out of the profit of the company, 383.8 million lei will represent ...

Exxon would not be able to sell its Black Sea stake to anybody, draft ordinance says

Thursday, February 6, 2020


Romanian authorities would be able to use national security reasons to refuse the ceding and execution of exploration, exploitation and development operations of oil fields by entities under the authority of countries outside the EU, a draft emergency ordinance of the Romanian government says. The bill says any transfer made without the approval of the Government is null.The ordinance was introduced on the agenda of the Government session on Tuesday. The ...

Romgaz takes steps to bid for Exxon’s offshore project în Romania

Thursday, February 6, 2020

Romgaz will ask the shareholders’ vote for hiring a legal consultant to advise it in the negotiations for the purchase of the 50% stake ExxonMobil holds in the Neptun Deep offshore gas perimeter in Romania’s Black Sea. The management’s proposal will be discussed in the General Shareholders Meeting on March ...

MOL, Carlyle and Cox Oil reportedly interested in Exxon’s offshore project in Romania

Thursday, February 6, 2020

Romanian oil and gas group OMV Petrom might be interested in taking over the stake of its partner - US group ExxonMobil - in the Neptun Deep offshore gas project in Romania’s Black Sea section. OMV Petrom and ExxonMobil hold 50% of the project each, Exxon also being the operator. OMV Petrom could join Romanian state-controlled Romgaz and Polish state-controlled oil and gas group PGNiG to buy Exxon’s 50% ...

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