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Energy & Environment

EU electricity market reform at a standstill over nuclear power row

Thursday, September 21, 2023

The European Parliament gave the green light to start negotiations with the Council of the EU to reform the Union's electricity market. However, the Council is currently deadlocked due to disagreements, mainly between Germany and France, over the financing of nuclear energy.With a reform of the European electricity market, MEPs want to protect consumers more strongly against price fluctuations. Citizens should have the right to fixed price contracts as well as contracts ...

Korean investors, interested in construction of reactors 3 and 4 at Cernavoda nuclear power plant

Thursday, September 21, 2023

The participation of Korean companies in the development of the nuclear sector in Romania was one of the topics analyzed on Thursday by the minister of Energy, Sebastian Burduja, and the ambassador of the Republic of Korea in Bucharest, Rim Kap-Soo, the Ministry of Energy informs in a press release.During the meeting held at the institution's headquarters, the two sides presented the priorities in bilateral relations regarding nuclear energy and the joint cooperation ...

Dragan (ME): We want to have over 10 GW of additional renewable capacity installed by 2030

Thursday, September 14, 2023

Romania has started transforming its energy system in line with its targets and wants new renewable capacities, the target being that by 2030 we will have an additional 10 Gigawatts of renewable capacities installed, all technologies, said Dan Dragan, Secretary of State in the Ministry of Energy, on Monday.   He also added that the nuclear programme is to continue, namely Units 3 and 4 at Cernavoda and ...

Primary energy resources decrease 2.4%, final electricity consumption in economy drops 5.8%

Thursday, September 14, 2023

 Primary energy resources decreased 2.4% in the first seven months of this year and electricity resources increased 2.8% compared to the same period in 2022, while final electricity consumption in the economy dropped 5.8%, data the National Institute of Statistics (INS) released on Wednesday show.According to an INS release, in the period from January 1 to July 31, 2023, primary energy resources totaled 18.874 million tonnes of oil equivalent (toe), ...

Romania and Qatar could collaborate in energy filed by attracting mutually beneficial investments

Thursday, September 14, 2023

 Energy minister Sebastian Burduja and Qatar's ambassador to Romania, Osama Yousef A.A. Alqaradawi, discussed on Tuesday, during a meeting, the possibilities of cooperation in the energy field, by attracting mutually beneficial investments, the ministry informed in a press release."Today, September 12, 2023, Energy minister Sebastian Burduja held a meeting at the Ministry of Energy with His Excellency Mr. Osama Yousef A.A. Alqaradawi, ambassador of the ...

Sterian: At the level of 2027-2028, Romania will need, apart from the gas from the Black Sea, of 4-5 bln. Cmc

Thursday, September 14, 2023

Romania will need, at the level of the years 2027-2028, 4-5 billion cubic meters of gas in addition to the production from the Black Sea, gas that will come from imports and from the LNG terminals in the Black Sea, declared, on Monday, the general director of Transgaz, Ion Sterian.   “I tell you, somewhere in 4-5 years, in ...

Another 12 funding agreements signed for renewable energy production investment

Thursday, September 14, 2023

  Energy Minister Sebastian-Ioan Burduja on Friday signed ten more funding agreements under Investment Measure I1 - Supporting investment in new electricity production facilities from wind and sun renewable energy sources in the National Recovery and Resilience Plan (PNRR).Two other agreements are to be initialled at the beginning of next week, according to Burduja."We are signing agreements for investment 1 in PNRR, production from ...

Cosmin Ghita: Eliminating coal offers opportunity to introduce small modular reactors more rapidly

Thursday, September 14, 2023

Small modular reactors (SMR) have the advantage they can be placed closer toconsumers and in that context eliminating coal is an opportunity to introduce the new technology more rapidly, better and cheaper, said Cosmin Ghita, general manager of Nuclearelectrica at theThreee Seas Initiative Business Forum.   “Location is an important cost. Network connections are also expensive. At Doicesti ...

Nuclearelectrica, targeting partnership with Three Seas Initiative Investment Fund on renewable energy production

Thursday, September 14, 2023

Nuclearelectrica has signed a Letter of Intent with the Three Seas Initiative Investment Fund (3SIIF) to explore a potential collaboration in the renewable energy production sector in Romania, the company announced in a press release sent on last Thursday."Nuclearelectrica, through the operation of high performance units 1 and 2 of the Cernavoda Nuclear Power Plant, is a strategic pillar for Romania's energy security. Through the partnership with the Three ...

Lewis(EXIM): Romania, institutional capacity to manage, regulate construction and operation of complex nuclear energy projects

Thursday, September 14, 2023

 Romania has a well-developed regulatory framework and the institutional capacity to manage and regulate the design, construction and operation of complex nuclear power projects, something that can be seen in the safe operation of Units 1 and 2 of the Cernavoda Nuclear Power Plant over the past two and a half decades, Reta Jo Lewis, president of the Export-Import Bank of the United States (EXIM), told ...

Premier Ciolacu met the heads of PPC and Enel

Thursday, September 7, 2023

The prime-minister Marcel Ciolacu met on Wednesday at the government headquarters the general manager of the Greek energy company Public Power Corporation (PPC) and Alessio Menegazzo, manager for Sustainability and Institutional Affairs of the subsidiaries in Romania of the Italian group Enel.   PPC and Enel are expected to finalise this month the transaction, ...

Renovatio Solar finalised a photovoltaic project of 400 kWp for KLG Europe Logistics Romania

Thursday, September 7, 2023

Renovatio Solar has recently finalised a photovoltaic project of 400 kWp for KLG Europe Logistics Romania, one of the leaders on the local market for logistics and transport services.‘The project included the installation of a number of 888 photovoltaic panels, with capacity of 400 kWp which are capable to generate annually a quantity of electricity estimated at 500 MWh. These panels were placed on the KLG ...

PM Ciolacu, Canadian Senate President Gagne discuss development of civil nuclear energy

Thursday, September 7, 2023

Prime Minister Marcel Ciolacu on Wednesday had a meeting at the Victoria Palace with a parliamentary delegation from Canada, led by the President of the Senate, Raymonde Gagne.The discussions focused on strengthening bilateral relations in the fields of energy, education, environment, investments, the regional security situation and the support given to Ukraine and the Republic of Moldova, the Government informs through a press release.Marcel ...

E.ON to invest another 1.4 billion euros in distribution networks in Romania, until 2027

Thursday, September 7, 2023

   E.ON is set out to increase investments in gas and electricity distribution networks by investing another 1.4 billion euros until 2027, in addition to the 2.1 billion euros already invested since entering the Romanian market, in 2005, according to the general director of E.ON Romania, Volker Raffel."Although the prices in the energy market have reduced and stabilized, the threats of the energy crisis have not passed yet, it is the duty ...

Midia Marine Terminal completes overhaul works on offshore terminal

Thursday, September 7, 2023

Midia Marine Terminal (MMT), a member company of the KMG International Group, has successfully completed the turnaround of an offshore marine terminal that supplies raw materials to the Petromidia refinery.According to a press statement released on Friday, for 24 days, the USD 4.3 million project entailed complex work, with the most important component being the replacement of all floating and submerged hoses. More precisely, it is about two floating ...

Romania's natural gas imports down 34.7pct in H1 2023, production up 6.3pct

Thursday, September 7, 2023

In H1 2023, Romania imported 696,200 tonnes of oil equivalent (toe) of usable natural gas, down 34.7% (-369,600 toe) y-o-y, according to data with the National Institute of Statistics (INS).Romania's H1 2023 domestic production of natural gas was 3.755 million toe, up 6.3% (222,700 toe) over H1 2022.According to estimates of the National Economic Strategy and Forecasting Board (CNSP), Romania's natural gas production is estimated to rise at an ...

EnergMin Burduja: Neptun Deep is a critical project, not only to Romania, but also to whole Europe

Thursday, September 7, 2023

Neptun Deep is a critical project, not only to Romania, but also to whole Europe and it will mean independence from Russian gas, Energy Minister Sebastian Burduja said on Wednesday."Neptun Deep is a critical project, not only to Romania, but to whole Europe. The situation in the Black Sea is not easy, so we rely on your help to make it a safe area. It is a USD 4 billion investment and I know that someone in Moscow is watching us and will do anything to delay ...

Analysis: Green energy production needs to increase eightfold to reach climate neutrality by 2050

Thursday, September 7, 2023

The production of green enery must increase eightfold to the level of 2021 and annual investment in distributionmust triple to reach, at global level, the climatic neutrality until 2050, shows a PwC analysis, made on the basis of the data of the International Agency for Energy (IEA).In Romania, investment in renewable energy intensified over the last years, but it is much to reaching the agreement in the National ...

Burduja: We are approaching 85% gas storage fill rate for the cold season

Thursday, September 7, 2023

Romania is approaching a gas storage fill rate for the cold season of 85%, which means that the country will be able to get through a normal winter using only gas from Romanian production and storage, Energy Minister Sebastian Burduja has announced. "We are approaching 85% gas storage fill for the cold season. 570 million cubic metres more than in the same period last year. This is good news because it ...

Transgaz Romania takes over Gazprom’s operations in Moldova

Thursday, September 7, 2023

Romania’s gas transmission system operator Transgaz has announced the acquisition of Gazprom’s operations in Moldova, a strategic move likely to further reduce ...

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