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Energy & Environment
EnergMin Anton: Romania meeting BRHA project deadlines, to complete gas pipeline on schedule
Thursday, July 5, 2018
Romania will abide by the deadlines committed under the BRHA - Bulgaria, Romania, Hungary, Austria - project and will complete the gas pipeline on its soil on schedule, Romania's Energy Ministry said Friday in a press statement.Energy Minister Anton Anton attended a meeting of the Central and South Eastern Europe Gas Connectivity Group High Level Group (CESEC), which took place in Sofia, Bulgaria, June 28-29, 2018.At the meeting, Anton underlined the ...
Oil Terminal Constanta collects 31.5 million lei from OMV Petrom for oil transport for one year
Thursday, July 5, 2018
Oil Terminal Constanta, the operator of the state-run oil terminal at the Black Sea signed a contract worth 31.5 million lei,without VAT with OMV Petrom, the biggest oil and gas producer in south-eastern Europe for the transportor of oil for one year, according to an announcement published on the site of the Stock Exchange Bucharest (BVB). The contract is valid between 1July 2018 -30 June 2019. Similarly, Oil ...
KMG International – A Growth in the Financial and Operational Results of Q1 2018
Thursday, July 5, 2018
This year’s first quarter brought an improvement for KMG International, in terms of its operational and financial results, in the context of a development in their trading and retail activity related to petroleum products in Romania and the Black Sea region, the company said în a press release sent to ACTMedia. “For 2018, we intend to focus on extending the Group trading and retail activities but also to continue the implementing of ...
Romgaz to build SE Europe's largest gas project
Thursday, July 5, 2018
Thanks to a 4.5 million euro grant that the Romanian natural gas producer Romgaz received by the state's Energy ministry, in five years from now, the company will have constructed the largest gas project in southeastern Europe. It is expected to be the largest such plant due to its planned installed generation capacity of 430 megawatts (MW). Romgaz filed a statement with the Bucharest stock exchange on ...
Governance of the Energy Union: Council confirms deal reached with the European Parliament
Thursday, July 5, 2018
The EU ambassadors of the member states confirmed, on behalf of the Council, the provisional agreement reached on 19-20 June between the Bulgarian Presidency and the European Parliament on the Energy Union governance regulation, EU press release informs. The governance regulation is a key part of the clean energy package. It is the 'umbrella' piece of legislation which is intended to ensure that the EU's 2030 energy and climate targets are ...
FGSZ : Hungary will never become a gas hub for the region; gas flows will be decided by traders, not by politicians
Thursday, June 28, 2018
Hungary will not become a natural gas hub for the region, because it will never be transited by large quantities of gas, and the gas flows through the country will be decided by the traders, not by politicians, Hungarian gas transmission monopoly’s CEO Kristof Terhes told Romanian journalists in Bucharest. FGSZ, a company owned by the Hungarian energy group MOL, operates the natural gas transmission network in Hungary and could play a key role in ...
Bulgarian gas hub plans raise eyebrows in Brussels
Thursday, June 28, 2018
Bulgaria launched a tender Wednesday (27 June) for a new gas link with Turkey in a push to persuade Russia to extend the second part of the Turkish Stream pipeline to its border rather than Greece, euractiv.com informs. Sofia has engaged in a flurry of diplomacy with Moscow and Istanbul in recent weeks to ensure it receives the gas Russia plans to send to Europe through its Black Sea pipeline bypassing Ukraine to the ...
The cogeneration sector has a future in Romania, despite the present
Thursday, June 28, 2018
Strong demand, especially in Bucharest, and potential new natural gas resources are the premises on which to develop appropriate business models for the development of the cogeneration sector, whether we are talking about the commissioning of new plants or about continuing operation of some of the existing ones. The national leader ELCEN, as well as companies active in related sectors such as MET ...
ExxonMobil applies to become a natural gas supplier in Romania
Thursday, June 28, 2018
ExxonMobil Exploration and Production Romania, the local branch of the American oil giant, which together with OMV Petrom owns the concession of the Neptun Deep offshore hydrocarbon perimeter in the Black Sea, has submitted an application to obtain a natural gas supplier licence with the National Energy Regulation Authority (ANRE), expected to make a decision on the matter this week, according to Profit.ro. The licence would allow the company to supply ...
CNSP: the final energy consumption of Romania will grow over the next years
Thursday, June 28, 2018
The final energy consumption of Romania will grow in the next three years,with annual leaps of 2.5% the Prognosis of the Energy Balance,published by the National Commission for Strategy and Prognosis (CNSP) says.Thus, in2018,the total energy consumption of the country is estimated at 25.2 million tons equivalent petrol (tep) up by 3.1%against the previous year.In 2019,the value of the indicator will show growth of2.5% up to25.8 million tep.In 2020 and ...
Baita Plai Licence Update: Ministerial Agreement Obtained
Thursday, June 28, 2018
Vast Resources plc, the AIM-listed mining company with operating mines in Romania and Zimbabwe, is pleased to announce that the agreement has been obtained from the Minister of Economy in relation to the Association Licence Agreement with Baita SA, the holder of the Baita Plai Head Licence, globenewswire.com informs. This is a milestone development in the Company's process towards being granted the right to mine at its 80% owned Baita Plai ...
New ways to tackle fuel poverty: successful approaches and what works in Romania
Thursday, June 28, 2018
In Romania alone, it is estimated that nearly 20% of citizens live in energy poverty, while about 460,000 households do not have formal access to energy, energynomics.ro informs. There are between 50 and 125 million people in Europe who struggle every day to ensure adequate thermal comfort and household power at an affordable price. Ashoka Romania and Enel Romania presented for the first time in ...
CE Hunedoara estimates EUR 62 mln loss this year
Thursday, June 28, 2018
The state-controlled thermal power producer Complexul Energetic Hunedoara (CE Hunedoara) estimates RON 291 million (EUR 62 million) losses this year, 62% lower compared to last year. The holding projects EUR 96 million revenues and EUR 158 million expenses. The negative result is mainly grounded on the unfavorable economic conditions, after the government deregulated the energy market, according to the explanatory note of the budget ...
Conpet applies new transport tariffs of oil. The tariff for transport activity grows by 6%
Thursday, June 21, 2018
The national transporter of oil Conpet Ploiesti announced new transport tariffs through the National System of Transport for oil,gasoline,ethane so that the tariff grew from 79.75 lei/tonne to 84.37 lei/tonne, a growth of almost 6%. ‘Conpet Ploiesti informs the investors that the Official Gazette of Romania, part I no.500/19 June2018 published order ANRM no.117/15 June 2018 which amends order no.13/2010 for the ...
Jan - April gas imports up 13.6 pct YoY
Thursday, June 21, 2018
Romania imported in the first four months of the current year 616,100 tonnes of oil equivalent (toe) worth of usable natural gas, by 13.6 percent (73,900 toe) more than in the same period of 2017, show figures centralised by the National Institute for Statistics (INS).The domestic natural gas production in the reporting period totalled around 2.812 million toe, 1 pct (29,100 toe) more than in the same period last year.Under Romania's Energy Strategy ...
KazMunayGas will continue to invest in Romania's energy sector
Thursday, June 21, 2018
The Chairman of the Management Board of KazMunayGas (KMG), the National Gas and Petroleum Company of Kazakhstan and the sole shareholder of KMG International, Sauat Mynbayev, met with Mr. Anton Anton, the Minister of Energy, in Bucharest on Tuesday, a press release sent to ACTMedia informs. During the meeting, the KMG Chairman presented Rompetrol’s financial performances obtained in Romania following the historical production records and the ...
Coal production dropped 0.3 percent in first four months, imports go up 21.5 percent
Thursday, June 21, 2018
Romania's net coal production totaled in the first four months of the year 1.458 tons of oil equivalent (toe), by 0.3 percent (4,900 toe) lower than the similar interval of the previous year, according to data centralised by the National Institute of Statistics (INS).In the mentioned period, Romania imported 141,900 toe of net coal, up 25,100 toe (21.5 percent) from January 2017 - April 2017.According to the Energy Strategy project posted on the ...
Wess Mitchell: I hope that Parliament will adopt law on offshore to encourage investments
Thursday, June 21, 2018
USA hopes that the Romanian Parliament will adopt a law on offshore to encourage investments, US Assistant Secretary of State for European and Eurasian Affairs Wess Mitchell said after delivering a speech at the Faculty of Law in Bucharest.When asked his opinion on the delays in Parliament related to this matter, the US official said that Romania is blessed with plenty of natural resources and has a unique opportunity to support not only energy security of ...
Romania imports over 2.65 million toe of crude oil, in first four months of 2018
Thursday, June 21, 2018
Romania imported, during the first four months of 2018, a quantity of 2.655 million tons of crude oil (tep), by 348,300 tep (15.1 percent) higher than the one imported in the similar period of 2017, according to data centralized by the National Institute of Statistics (INS).Crude oil production totaled 1.107 million tep, by 3 percent (34,500 tep) smaller than that of the previous year.According to Romania's Energy Strategy, published on the Ministry of ...
Romania fourth in Europe for natural gas production and reserves, says BP report
Thursday, June 21, 2018
According to a report by BP, Romania is on the fourth place in Europe for last year’s natural gas production and proven gas reserves, http://business-review.eu reports. In 2017, Romania extracted 10.3 billion cubic meters of natural gas. In first place in Europe was Norway, with 123.2 billion cubic meters, followed by the UK with 41.9 billion cubic meters and the Netherlands with 36.6 billion cubic ...