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Energy & Environment
Analysis: the negative historic price of oil - implications for Romania
Thursday, April 23, 2020
The day of Tuesday 22 April represented a shock for the oil industry, for the first time in history the barrel was traded at negative values in the US. The West Texas Intermediate oil (WTI) was traded at -40.32 USD/barrel by comparison to a value of 18.27 USD/barrel on Friday.The consequences of this situation for Romania differe from one category to another, Razvan Nicolescu says in his analysis. For consumers, especially for transporters, this collapse of the ...
Romania allows derogations in fossil fuel blending
Thursday, April 23, 2020
The Romanian government adopted on 9 April an emergency ordinance that changes the regulations on fuel sales and allows the sale of gasoline and diesel without the mandatory quotas including biofuels, EURACTIV.ro reported. It said the ...
EBRD: How to stop the coronavirus pandemic disrupting a green future
Thursday, April 23, 2020
In the ancient history of a few months ago, before the coronavirus crisis had caused massive damage to the global economy, 2020 was going to be the big green year – the time when half a decade of planning and investment since the 2015 Paris ...
Romania-Hungary gas link failure augurs ill for new Black Sea projects
Thursday, April 23, 2020
* No appetite for expanded cross-border gas capacity * BRUA-2 failure 'undermines' Romania confidence: BSOG CEO * ExxonMobil moving ahead with Neptun preparation: source The failure this week of the process to attract interest in expanded gas export capacity from Romania to Hungary was a bad sign for new developments in the Black Sea, industry officials and sources said for ...
DIY retailer Dedeman to invest 4 mln euro in rooftop solar plants
Thursday, April 23, 2020
Romanian do-it-yourself retailer Dedeman said on Wednesday it plans to install photovoltaic power plants on the roofs of 28 of its stores - an investment project worth 4 million euro ($4.83 million). The electricity produced by the solar plants is exclusively intended for the company's own consumption, Dedeman said in a press release. The total installed capacity at the 28 locations will be over 7 MWp (Mega Watt ...
Govt. urges state energy companies to be more active amid slowdown
Thursday, April 23, 2020
All energy companies under the authority of the Romanian Ministry of Economy and Energy will have to draft and approve, until June 15, an investment plan for the next five years, according to an order signed by minister Virgil Popescu, ...
Postponing bills payment - unfortunate solution, E.ON says
Thursday, April 23, 2020
Postponing the payment of electricity bills is an unfortunate solution for the energy system, instead the Government should inject liquidity into the system, said on Wednesday the Deputy Director General at E.ON Romania, Anca Dragu, in the video-conference organized by the Bursa newspaper on "Crisis management for the energy industry and critical infrastructure operators"."This 3-month postponement of the bills payment has been discussed. Of course, there are ...
Investor: Delaying the deadlines of the Casa Verde program is a positive step
Thursday, April 23, 2020
Distribution operators are no longer engaging with the public, and applicants within the Casa Verde program should have obtained their Technical Network Connection Notice (ATR) within 90 days, so the extension of program terms is welcome, an investor told energynomics.ro. “There are some steps that need to be taken to get the ATR. For example, one of the steps is to go with the notification to the town hall, where you must notify the town hall, ...
Electrica’s objective is a balanced portfolio including renewables
Thursday, April 23, 2020
Undergoing an ambitious process of internal transformation, Electrica group is facing this year rather unclear market conditions after the legislative and regulatory turmoil in 2019. No time for “business as usual”! The purchasing opportunities in Romania and the new reality of the national energy system being net importer asks for a reinterpretation of the roles that the Electrica group can ...
How the coronavirus outbreak affects the EU’s 2030 climate targets
Thursday, April 16, 2020
Ultimately, the coronavirus pandemic may slow down initial plans to adopt the European Climate Law and a number of other climate-related policy proposals, writes Robert Jeszke for euractiv.com. Robert Jeszke is Head of Strategy, Analysis and Auction Department and the Centre for Climate and Energy Analyses (CAKE) in ...
Romania puts on hold sale/purchase of energy cos during state of emergency
Thursday, April 16, 2020
Romania has suspended the sale and purchase of majority stakes in energy companies as of April 10 until the end of the state of emergency declared to limit the coronavirus spread, the interior ministry said on last Friday. "During the state of emergency, the procedures for selling/buying majority stakes in companies which are part of the national energy system, regardless of the form of their ownership, are suspended," ...
Rompetrol continues to support the fight against covid-19 pandemic, through a partnership with Romanian Red Cross
Thursday, April 16, 2020
KMG International, under Rompetrol brand, concluded a partnership with the National Society for Red Cross Romania to buy a mobile intensive care unit with 12 beds, in the value of USD 264,930, which will be donated to the Department for Emergency Situations (IGSU), as part of the national strategic reserve for civil protection, being used during the pandemic to offer rapid support where mostly needed. For the acquisition of the mobile ICU unit, KMG ...
ENEL X AND HERE TECHNOLOGIES LAUNCH “CITY ANALYTICS – MOBILITY MAP” IN RESPONSE TO THE COVID-19 EMERGENCY
Thursday, April 16, 2020
City Analytics – Mobility Map is the new solution released by Enel X City Analytics, which provides Italian government agencies with mobility indicators to support analysis of COVID-19 containment measures so as to implement recovery policies To support the response to the COVID-19 emergency, Enel X, the innovative global business line of the Enel Group, and HERE Technologies, global leader in geographical data ...
Primary energy resources, down 2pct, electricity resources, up 2.1pct, Jan.-Feb. 2020
Thursday, April 16, 2020
Romania's primary energy resources decreased by 2%, in the first two months of 2020, while electricity resources were up 2.1%, y-o-y, according to data with the National Statistics Institute (INS) released on Monday.The main primary energy resources January 1 - February 29, 2020 totalled 5.746 million tonnes of oil equivalent (toe), down 120,000 toe from January 1 - February 28, 2019.Domestic production totalled 3.29 million toe, down by 48,800 toe ...
384 million lei for green lighting in Romanian cities and communes
Thursday, April 16, 2020
The Ministry of Environment, Waters and Forests will launch this year, through the Administration of the Environmental Fund (AFM), a program for financing ecological lighting in Romanian cities and communes. The budget established for 2020 is 384 million lei; the localities will be enabled to replace the high energy consuming lighting fixtures with LED lighting fixtures. At the same time, the administrations will be able to purchase dimming / remote management systems, which ...
The FPPG has 7 proposals for the recovery of the O&G sector
Thursday, April 16, 2020
Economic recovery can be achieved through large-scale projects, writes the Federation of Petroleum and Gas Employers (FPPG), in a press release. The Federation calls on the government for ongoing consultations in order to prioritize the projects aimed at really supporting the economic recovery, the recovery in the medium and long term and the stimulation of private investments through competitive fiscal conditions. Measures proposed by the ...
CE Oltenia employees to be put on furlough, by rotation, as of 13 April and until 17 June
Thursday, April 16, 2020
The approximately 13,000 employees of the Compex Energetic Oltenia - CEO (Oltenia Energy Complex) will be put on furlough, by rotation, as of 13 April and until 17 June, the measure being taken as a result of the significant decrease of the electricity sales and, implicitly, the company's revenues, according to a news release posted on Sunday evening on the website of the company.Between January and March, CE Oltenia registered a significant decrease of ...
Minority shareholders ask Romgaz to pay higher dividends
Thursday, April 16, 2020
Some of the shareholders of Romanian state-controlled gas producer Romgaz are unhappy with the dividend proposed by the company's management: RON 1.61 per share. Calculated at the current prices of the company's shares (which has plunged with the rest of the market amid the coronavirus epidemic), the proposed gross dividend would bring investors a yield of 5.5%. "Considering that we share the same views with other shareholders, ...
Rompetrol Bulgaria opened its 56th gas station in the city of Shumen
Thursday, April 16, 2020
Rompetrol Bulgaria, a company member of KMG International, officially opened a new gas station in Shumen, town situated 90 km West of the city of Varna, on the A2 Highway that links the Black Sea with the capital city, Sofia. Shumen is well known for its modern facilities in the sectors of car dealers, construction materials & furniture stores. Through the new investment, Rompetrol Bulgaria opened 11 job positions in the city and commits further to ...
EBRD: Spending to counteract coronavirus creates chance to “tilt to green”
Thursday, April 9, 2020
Green economy will need nurturing through government policy, say EBRD economists The coronavirus crisis has diverted attention away from climate change mitigation, ...