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Energy & Environment

Rompetrol Rafinare results, in the first 9 months of 2023

Thursday, November 16, 2023

  Rompetrol Rafinare, member company of the KMG International Group, achieved good operational results in the first 9 months of 2023, with over 3.8 million tons of raw materials processed in the Petromidia refinery.   The largest profile unit in Romania continued to be a pillar of energy stability, by directing 66% of the total 2.9 million tons of fuels produced (petrol, diesel and jet A1) to ...

Corinth supplying pipes for Black Sea Neptun Deep gas export line

Thursday, November 16, 2023

 Corinth Pipeworks, as subcontractor to Sumitomo Corp Europe, will fabricate about 160 km of longitudinally submerged arc-welded steel pipes (LSAW) for the offshore pipeline for OMV Petrom’s Neptun Deep gas project in the Black Sea, ...

Transelectrica profits down 51 pct in first 9 months of 2023

Thursday, November 16, 2023

 National Power Grid Company Transelectrica recorded a net profit of 207 million RON in the first nine months of this year, 51% lower than in the same period in 2022, according to financial data sent to the Bucharest Stock Exchange (BVB) on Tuesday.Total operating expenses (including amortization) decreased by 30% in the January-September 2023 period to 3.078 billion RON, from 4.388 billion RON, year-over-year.There was a 14% decrease in ...

Romania's national electricity consumption down by 6.7% nine months into 2023

Thursday, November 16, 2023

Romania's national electricity consumption decreased by 6.7% in the first nine months of the year, compared to the similar period of 2022, totaling 36.529 billion kWh, according to data published on Tuesday by the National Institute of Statistics.Electricity consumption in the economy was 27.775 billion kWh, lower by 5.2%, while the population used 10.9% less electricity, respectively 8.448 billion kWh.At the same time, public lighting registered ...

Romgaz,10-year anniversary of its listing on the Bucharest Stock Exchange

Thursday, November 16, 2023

Romgaz celebrates the 10-year anniversary of its listing on the Bucharest Stock Exchange, under the ticker symbol SNG From the initial public offering in 2013 to the end of October 2023, the company's capitalization increased by 52% In the same period, investors made over 549 thousand ...

Romania has not yet approved National Energy Strategy defining objectives of natural gas sector

Thursday, November 16, 2023

Romania has not yet approved a National Energy Strategy (SEN), which defines the medium and long term objectives of the natural gas sector and the ways to achieve them, in order to ensure the sustainable development of the national economy, informs a performance audit on the implementation of strategies and policies in the field of natural gas investment and production, conducted between February 2022 and May 2023, by the Court of Accounts.During the audit ...

E-Distributie Muntenia was renamed Retele Electrice Muntenia

Thursday, November 16, 2023

Retele Electrice Muntenia (part of the PPC group, previously named E-Distributie Muntenia) is the new name of the company that manages the electricity distribution networks in Bucharest and in the counties of Ilfov and Giurgiu.   The name change of the distribution operator comes after PPC recently completed the acquisition of Enel's operations in Romania. ...

Romania to turn 17 coal mines into gravity energy storage systems

Thursday, November 16, 2023

Romania agreed with Australia-based Green Gravity to examine the possibility of installing gravity energy storage technology in 17 mine shafts in the country’s coal hub in the Jiu Valley, https://balkangreenenergynews.com/ informs.   Romania aims to quit coal by ...

IAEA Mission Says Romania is Committed to a High Level of Nuclear and Radiation Safety, Sees Areas for Further Enhancement

Thursday, November 16, 2023

An International Atomic Energy Agency (IAEA) team of experts said Romania is committed to maintaining and strengthening its regulatory framework for nuclear and radiation safety, https://www.iaea.org/ informs. The team commended the Romanian authorities for their effective preparations for the future deployment of small modular ...

National Hydrogen Strategy, launched in debate

Thursday, November 9, 2023

 The Ministry of Energy launched into debate the project on the "National Hydrogen Strategy", in which four general objectives and 23 specific objectives are defined, as well as an action plan for 2030."The vision of the National Hydrogen Strategy (SNH) and the Action Plan for Romania aim to develop a hydrogen economy, with an emphasis on renewable hydrogen, but also paying attention to hydrogen with a reduced carbon footprint, at an affordable price, in the ...

Fitch affirms Nuclearelectrica's rating at 'BBB-' outlook stable

Thursday, November 9, 2023

Fitch Ratings on Tuesday affirmed Romania's nuclear power generation company Nuclearelectrica's Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook.The affirmation reflects Nuclearelectrica's strong market position as the sole producer of electricity from low-cost nuclear power plants in Romania, its solid position in the merit order and low net leverage at least until 2025. This underpins its Standalone Credit Profile (SCP) at 'bbb-' and the Stable ...

Romania to ask Commission to rethink methane emissions reduction proposal

Thursday, November 9, 2023

Bucharest intends to ask the European Commission to revise the proposed legislation to reduce methane emissions because Romania would face high costs compared to other member states, as Energy Minister Sebastian Burduja announced on Tuesday, www.euractiv.com informs.   The new proposal will result in over €1 billion expenses for Romania, impacting both industries and consumers. “We ...

Copper Beech invests 745M RON in Giurgiu solar park

Thursday, November 9, 2023

Copper Beech Urban Development is planning a major investment of 745 million RON in the development of a next generation photovoltaic park. With a capacity of more than 130 MWe, the solar project represents the entry into the renewable energy sector in Romania of well-known British businessman Dinesh Dhamija, founder and chairman of Cooper Beech Group. The total investment for the solar power plant planned by Dinesh Dhamija is estimated at more than 745 million RON, of which more than ...

FPPG: Romania has potential to be largest gas producer in Europe

Thursday, November 9, 2023

Romania has the potential to be, at the Black Sea, the largest gas producer in Europe and to have a very important contribution in terms of security of supply, if we look at the carbon storage part, Oil and Gas Employers' Federation (FPGG) President Frank Neel told a specialist conference."... one [topic] is the carbon storage, where the DG Climate is looking at real force and to put an obligation. Here, again we can compare at what happened over the past 12 months between ...

Romania has at least ten European firsts in natural gas sector, Neptun Deep, flagship project

Thursday, November 9, 2023

Romania has at least ten European firsts in the natural gas sector and is on the verge of becoming the first gas producer in Europe from 2027, Energy Minister Sebastian Burduja said on Tuesday."We are the third largest gas market in the world, this is a certain history. We are the country that had the first gas compression station, the first gas storage field, the first gas regulation and measurement station, the first country to exploit the gas from the Black Sea, the BSOG ...

Newly established Honorary Energy Council - tasked with shaping Romania's energy strategy

Thursday, November 9, 2023

Romania's energy strategy is the principal topic on the agenda of the Honorary Energy Council, an independent consultative body that brings together leading Romanian experts in the field, the relevant ministry announced on Friday."The Energy Ministry announces the creation of the Honorary Energy Council, which brings together leading Romanian relevant experts who contribute their experience and knowledge acquired in the private sector, universities and research centers, to ...

Romania's primary energy production drops 3.2 pct in 2022

Thursday, November 9, 2023

 Romania's primary energy production was 3.2 percent down in 2022 compared to 2021, imports of energy resources were 2.8 percent up, while the gross domestic energy consumption and the final energy consumption dropped by 7.7 percent and 5.3 percent, respectively, shows data released on Thursday by the National Institute of Statistics (INS).The total energy resources available in 2022 amounted to 42.5 million tons of oil equivalent (toe), down from 2021 due to the ...

Romania and Greece open up to offshore wind farms

Thursday, November 9, 2023

This would result in the first renewable energy production projects in the Black and Aegean Seas, https://www.themayor.eu/ reads.   It looks like offshore wind farms could begin popping up in Southeastern Europe after reports came out about plans ...

Volker Raffel: If we want to be less dependent, we have to reduce imports

Thursday, November 9, 2023

We need natural gas, even if we use biomethane or hydrogen, and if we want to reduce emissions at European level and be less dependent, we need to reduce imports, not production, said Volker Raffel, E.ON Romania’s general manager.   “It is not a competition between sectors. We need natural gas even if we use biomethane, even if we use hydrogen. If we want to reduce emissions at the European ...

Romania aims to become first country at Black Sea to have offshore wind legislation

Thursday, November 2, 2023

Romania aims to become the first country bordering the Black Sea to have legislation in the offshore wind sector, said National Energy Regulatory Authority (ANRE) President George-Sergiu Niculescu, at the Global Wind Offshore Regulators Forum in the US.He said that by the end of the year the draft law could be submitted to Parliament for adoption, in order to create the necessary legal framework for the development of offshore wind energy investments in the ...

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