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ANRE: Romania's August gas imports up 3.5-fold YoY

Thursday, October 24, 2019

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Romania's August gas imports amounted to 2,229,828 MWh, up 3.5-fold YoY from just 625,339 MWh, shows data released by the National Energy Regulatory Authority (ANRE).The ANRE report also includes gas import prices, which averaged at 81.79 lei per MWh in August, compared to 110 lei per MWh for domestically produced gas (35 percent higher).Until this year Romanian gas was far cheaper than import gas, but the situation reversed following OUG No. 114/2018 ...

Reuters: Russia says Bulgaria to complete pipeline stretch of TurkStream by 2020

Thursday, October 24, 2019

Bulgaria has promised to complete its stretch of the TurkStream gas pipeline by 2020 as planned, Russian Foreign Minister Sergei Lavrov said on Monday, trying to tackle scepticism about the timescale of the project. Last month Bulgaria signed a 1.1 billion euros ($1.2 billion) contract with Saudi-led group Arkad to build the 474 km pipeline across its territory. Sofia hopes the whole pipeline, which Bulgaria has dubbed Balkan ...

The price of natural gas falls below the regulated level, to the minimum of the last six months

Thursday, October 24, 2019

The SPOT market of natural gas in Romania operated by BRM recorded the lowest price of the last 6 months, respectively 67 lei per MWh, writes a press release from the commodity market operator. Thus, the price on the spot market of natural gas fell below the regulated price of 68 lei, in line with the decreasing evolution of the last period. According to BRM, on October 20, 300 MWh were traded at the price of 67 lei on the intraday market, and a total ...

The resumption of imports on the Ukrainian route increased by 16% the quantity of gas entering Romania

Thursday, October 24, 2019

Domestic companies increased their gas imports in August by over 16% or 313 GWh compared to July, in particular as a result of resuming gas imports on the Ukrainian route. Most of the gas that entered Romania, over 72%, came from Hungary (1,613 TWh), the firm import capacity from the neighboring state being reserved and used in a 100% ratio, according to profit.ro. In August, 2.23 TWh were imported, 3.5 times more than in August 2018, when 625 GWh ...

Hidroserv is ready for reorganization

Thursday, October 24, 2019

The Transylvania Insolvency House has issued a statement according to which Hidroserv is ready for reorganization. At this moment, the company is in a stable situation of breakeven, following a restructuring process, including that of the personnel, say CITR officials. In this context, the reorganization strategy of Hidroserv SA envisaged by CITR involves the use of surplus assets that do not contribute to the current activity, the continuation of the ...

Transgaz and Gazprom Export extends agreement for natural gas transmission on Romanian territory

Thursday, October 17, 2019

The National Gas Transmission Company "Transgaz" SA and the limited liability company OOO "Gazprom Export" from the Russian Federation agreed to extend their agreement for the natural gas transmission on the Romanian territory by another three months, until December 31 2019.According to a report of Transgaz on last Thursday evening published on the Website of the Bucharest Stock Exchange (BVB), the extension of the agreement allows the natural gas transmission ...

Romania's natural gas market, electricity market to be fully liberalised in 2021, including for household consumers

Thursday, October 17, 2019

Romania's natural gas market will be completely liberalised on April 1, 2021, and that of electricity on July 1, 2021, with regulated prices to be eliminated even for household consumers in order to boost market competition, Vice-President of the National Energy Regulatory Authority (ANRE) Zoltan Nagy-Bege said Monday."There will be a complete liberalisation on April 1, 2021 for gas and on July 1, 2021 for electricity, both on the wholesale market and on the ...

Jan - Aug national energy production down 411,500 tep YoY, household consumption up 20.5 pct

Thursday, October 17, 2019

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Both Romania's energy production and electricity exports in the first eight months of the year were lower compared to the same period of 2018, while household energy consumption rose by 20.5 pct, the National Institute of Statistics (INS) said on Friday.The domestic energy output between January - August 2019 totaled 13.429 million toe, down 411,500 toe from the same period last year, while imports amounted to 9.747 million toe.Electricity resources ...

ENEL INAUGURATES KAFIREAS, THE LARGEST WIND FACILITY IN GREECE

Thursday, October 17, 2019

Composed of seven wind farms on the island of Evia, the facility has a total installed capacity of over 154 MW and will be able to generate approx. 480 GWh per year  Enel’s investment in the project amounted to around 300 million euros  With Kafireas, Enel’s installed capacity in Greece will reach more than 460 MW, of ...

Elcen: We do not know how we will pass though the winter

Thursday, October 17, 2019

There is no clear vision of investments in the energy sector and it is not known how we will spend this winter, given that Electrocentrale Bucure?ti (Elcen), the producer of heat and hot water in the Capital, has been in a critical situation for several years, said, on Monday, Claudiu Cretu, the special administrator of the company. “The energy sector is, as a whole, like a boat, like a ship. If we forget that on the upper floors there are some ...

PATRES calls on AFM to urgently resume the program for the installation of photovoltaic panels

Thursday, October 17, 2019

The Employers’ Organization of the Renewable Energy Producers in Romania – PATRES calls on the management of the Environmental Fund Administration (AFM) to urgently resume the financing program regarding the installation of photovoltaic panels for electricity production, in order to cover the consumption needs and deliver the surplus in the national network for natural persons (prosumers), according to a statement. “If the ...

There are at least one million vulnerable consumers of energy and gas in Romania

Thursday, October 17, 2019

There are at least one million vulnerable energy and gas consumers in Romania, if not millions, and their definition can be achieved by the end of the year, said Zoltan Nagy-Bege, vice president of the National Energy Regulatory Authority (ANRE), on Monday. “We no longer have to provide general aid regardless of whether those consumers need it or not, but these aids to be targeted at consumers that really need it, which is done by correctly ...

WindEurope: Romania will install just 200 MW of onshore wind by 2023

Thursday, October 17, 2019

Romania will install new capacities of wind farms worth just 200 MW between 2019 and 2023, according to a new report of WindEurope, and all of it will be onshore. At the end of 2023, Romania will have a total installed capacity of 3,229 MW in wind farms. There are, however, a lot of countries with less new projects than Romania installed in the mentioned period. For example, The Czech Republic will install 63 MW, Switzerland- 86 MW, while Bulgaria, ...

Schneider Electric: Romania needs huge investements in infrastructure, equipments and solutions

Thursday, October 17, 2019

Romania has very old equipment that needs to be replaced, and the network must be ready for digitalization, says Marius Per?inaru, country president of Schneider Electric Romania & Republic of Moldova. Total energy consumption is increasing, and investments need to be growing to meet the energy demand and efficiency needs of current units, he says. ”Think about how much of the consumption based on traditional energy sources is moving towards ...

The EC requires Romania to comply with its reporting obligations in the field of waste

Thursday, October 17, 2019

The European Commission announced Thursday that it has sent letters of delay to 15 EU member states, including Romania, which asks them to comply with their reporting obligations, according to EU waste laws, a statement said. EU waste legislation requires member states to report data to the Commission. To date, a number of 15 Member States have not fulfilled their obligations under various laws, including the Waste Directive for electrical and ...

Nuclearelectrica, Falcon Consortium sign MoU on development of 'Alfred' 4th generation reactor

Thursday, October 10, 2019

The National Company Nuclearelectrica SA (SNN) and the Falcon Consortium made of Ansaldo Nucleare, ENEA and ICN, last week signed a Memorandum of Understanding on cooperation for the development of the 4th generation reactor, 'Alfred', Nuclearelectrica announced on Monday."The purpose of this Memorandum is to establish a cooperation framework between the parties regarding pre-project works and the research and development activities to be implemented for the ...

OMV Petrom reports new gas discovery in Oltenia, South Romania

Thursday, October 10, 2019

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OMV Petrom, the largest oil and gas producer in Southeastern Europe has discovered new hydrocarbon resources in Oltenia region (Gorj county), the company says în a statement. “Over the years, the Totea gas field has been one of the main contributors in our portfolio. As with any oil and gas field, Totea has started to decline after the end of the plateau production level in 2017. The discovery of additional resources in the proximity of ...

ENEL SIGNS FIRST CREDIT LINE LINKED TO UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS

Thursday, October 10, 2019

Enel S.p.A. (“Enel”) has signed with UniCredit S.p.A. (“UniCredit”) its first revolving credit line linked to the achievement of the UN Sustainable Development Goals (SDGs), an “SDG-Linked” loan agreement in the amount of 1 billion euros with a 5-year term, the company înforms. “With this innovative credit line, we are progressing along our sustainable finance path linked to the achievement of the ...

Reuters: Eurohold signs deal to acquire CEZ's Bulgarian assets for 335 mln euros

Thursday, October 10, 2019

Bulgarian holding company Eurohold has signed a deal to buy the Bulgarian assets of Czech utility CEZ for 335 million euros ($377.9 million), it said on Thursday, Reuters reports. Eurohold, active in insurance and asset management, entered exclusive talks in April to acquire CEZ’s assets in the Balkan country including a power distributor that provides electricity to more than 3 million Bulgarians. The company plans to ...

Romania to double gas storage capacity to 50% of annual consumption

Thursday, October 10, 2019

Romania’s energy market regulator ANRE passed a series of regulations that will result in investments worth over RON 16 billion (EUR 3.36 billion) made by power and natural gas companies over the next five years, ANRE president Dumitru Chiri?? announced at an energy conference on Monday, October 7. The investments will go into gas and electricity transport and distribution infrastructure and in increasing Romania’s natural gas storage ...

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