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Energy & Environment
Energy resources and consumption in 2016 : imports of energy products increased by 15.7%
Thursday, November 2, 2017
* Primary energy production decreased by 6.0% in 2016 compared to 2015, while imports of energy products increased by 15.7%; gross inland consumption of energy decreased by 0.6% compared to previous year; final energy consumption increased ...
Romania’s coal production reaches 3.07 mln tonnes by August
Thursday, November 2, 2017
Romania’s coal production in the first eight months reached 3.07 million tonnes of oil equivalent (toe), says the National Institute of Statistic (INS) quoted by business-review.eu. Compared year-on-year, Romania’s coal production grew by 15.5 percent (411,900 toe) and the coal import increased by 3.4 percent (11,100 toe). According to the Energy Strategy project, Romania has a total amount of 12.6 billion tonnes of ...
Transgaz closes a contract of RON 2.67 mln with Energy Complex Hunedoara
Thursday, November 2, 2017
National Company of Transport Transgaz Medias closed a contract of RON 2.67 million with Energy Complex Hunedoara for transportation services, during October 1, 2017- October 1, 2018, according to a report of the Bucharest Stock Exchange (BVB), business-review.eu informs. The contract implies, among others, a payment guarantee of RON 466,862.73, the level of counter value for the natural gas transport services calculated for two months of gas ...
EIB to lend EUR 50m to Transgaz to fund BRHA works. 5,000 new jobs during the construction phase
Thursday, November 2, 2017
The European Investment Bank (EIB) is lending EUR 50 million to Transgaz, the national gas transmission company of Romania, to finance the construction of a new European gas transmission corridor to increase security of gas supply and to reduce energy dependence by making it possible to diversify gas supply routes and sources, romaniajournal.ro informs. The new pipeline represents the first phase of the Romanian section of the gas pipeline from ...
Competition Council: renewable energy producers, Black sea gas producers may be exempted from the obligation to trade on the stock market
Thursday, November 2, 2017
The Competition Council (CC) is ready to accept the exemption of renewable energy producers and the Black Sea gas producers from the regulation on the obligation to trade on the stock market, Bogdan Chiritoiu, CC President, said on Monday during a conference on energy, romaniajournal.ro informs. “The problem we face in Romania is that the large energy producers are state-owned and we suspect the large state companies of corruption. From this ...
Nuclearelectrica sets up Refurbishment Division for NPP 1
Thursday, November 2, 2017
Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said on Monday it has established a Refurbishment Division for one of its units, seenews.com informs. The division, made up of company specialists, is headed by Romeo Urjan, technical and nuclear safety division manager at Nuclearelectrica, the company said in a press release. The number of specialists will increase in direct ...
Romania and Serbia near completion of the 400 kV transmission line between Resita and Pancevo
Thursday, November 2, 2017
Romania's national electricity transmission company announced that it has completed the crossing of the border to Serbia with the 400 kV Resita (Romania) - Pancevo (Serbia) transmission line, thediplomat.ro reads. The connection of the electricity line section in Romania (Resita - RO-SE border) with that in Serbia (Pancevo - the SE-RO border) is due to end on this weekend. Transelectrica states that this is one of the final stages in the realization of ...
Insolvent Oltchim agrees to sell assets for 128.4 mln euro
Thursday, November 2, 2017
The judicial administrator of Romania's insolvent chemicals producer Oltchim [BSE:OLT] said on Friday the price of assets to be sold to Chimcomplex Borzesti and Dynamic Selling Group totals 590.6 million lei ($149.4 million/128.4 million euro) plus VAT, seenews.com informs. Romanian chemicals producer Chimcomplex Borzesti [BSE:CHOB] has concluded a contract to pay 582.3 million lei for six bundles of assets, while PVC profiles and accessories ...
Hidroelectrica will be listed most probably în 2018
Thursday, October 26, 2017
Hydropower corporation Hidroelectrica will be listed most probably next year, as the project to this end is currently under public debate, Energy Minister Toma Petcu told a conference on major investments in Romania this Monday. "I think bringing back into ...
OMV and Gazprom want to move their transactions with Romanian gas to Vienna
Thursday, October 26, 2017
The Vienna Stock Exchange has sent two letters to the Romanian authorities showing interest in becoming the trading platform for the Romanian gas, which would be advantageous for Gazprom and OMV, Iulian Iancu, head of the Committee for industry and services of the Deputies' Chamber explained at a specialist ...
Romanian authorities, in advanced talks with Israel Electric Co for upgrading some CET Mintia groups
Thursday, October 26, 2017
Israel Electric Corporation, the largest energy company in Israel, is interested in the retechnologisation of some groups of CET Mintia, belonging to the Hunedoara Energy Complex, Energy Minister, Toma Petcu announced in a press conference on Monday, hotnews.ro informs quoted by romaniajournal.ro. “We will complete this year at Paroseni a desulphurization plant and dense slurry for group 4, following an investment of EUR 65.3 million. At the ...
PM Tudose: Mintia thermal power plant is highly important for the safety of the national energy system
Thursday, October 26, 2017
Mintia thermal power plant within the Hunedoara Energy Complex (CEH) is highly important for the safety of the national energy system and all efforts are being made to help it become "an energy pearl" again, premier Mihai Tudose stated on Friday in ...
Juncker: No EU unity for Russia Nord Stream 2 talks
Thursday, October 26, 2017
The European Commission on Thursday (19 October) said that despite a lack of unity among member states over Russia’s plans for a new gas pipeline to Germany, it would press ahead to seek support for talks with Russia on its objections. Brussels, backed by some EU member states, is concerned the Nord Stream 2 pipeline across the Baltic Sea will increase the bloc’s reliance on Russian gas and cut gas transit revenues for Ukraine, damaging its ...
Enel opened its largest shop in Iasi, in the Palas Mall
Thursday, October 26, 2017
· Customers in Iasi now have a new dedicated Enel point, the largest one in the city, where they can receive personalised offers · 900,000 customers have chosen the offers of the Enel supply companies on the free electricity and natural gas markets in Romania Enel opened in the Palas Mall complex its largest store in Iasi and ...
E-Distributie Dobrogea invests 12 million lei for the modernization of the Abator primary station in the city of Constanta
Thursday, October 26, 2017
E-Distributie Dobrogea has begun an investment project worth approx. 12 million lei (approx. 2.6 million euros) in order to modernize the primary station (high/medium voltage) Abator in the city of Constanta, a press release sent to ACTmedia informs. The primary station 110/20/10 kV Abator was put in function in 1963 and provides electricity, via the medium and low ...
Romania: mining taxation system revised
Thursday, October 26, 2017
Background According to lexology.com, Romania’s current fiscal regime for exploitation of mineral and hydro-mineral resources was established in 2003 by the Mining Law no. 85/2003 (Mining Law) and subsequently updated several times (in 2007, 2009, 2013, 2014 and 2015). In a nutshell, Romania applies a system of royalties for mineral and hydro-mineral resources payable by the titleholders of mining ...
MOL SECURES ADDITIONAL LICENCES FOR ITS KEY STRATEGIC INVESTMENT INTO THE PROPYLENE OXIDE VALUE CHAIN
Thursday, October 19, 2017
MOL Group has signed another contract with thyssenkrupp to produce polyether polyols and propylene glycol MOL Group has now secured all technology licenses and engineering resources for each production unit of the Polyol Project The Polyol Project will be the largest investment project of MOL Group in 2017-21 MOL will move ...
Parliament votes new ANRE leadership
Thursday, October 19, 2017
MPs have appointed a new management team at the helm of energy regulator ANRE. Dumitru Chirita (left of picture) was voted as the new president of the energy watchdog, while Nagy Bege Zoltan was named vice president, business-review.eu reports. Corneliu Sulgher and Gheorghe Gabriel Gheorghe will be the new members of the regulation committee of ANRE. All four have 5-year mandates. Chirita is replacing ...
Romania's Romgaz signs 103 mln lei (22.5 mln euro) deal with Transgaz
Thursday, October 19, 2017
Romanian natural gas producer Romgaz [BSE:SNG] said on Tuesday it has signed a 103.2 million lei ($26.5 million/22.5 million euro) one-year contract for gas transmission services with the country's Transgaz [BSE:TGN], seenews.com reports. The payment was made for services in the October 1, 2017-October 1, 2018 delivery period, Romgaz said in a statement filed with the Bucharest Stock Exchange, BVB. Romgaz's net profit surged ...
IAEA Mission Says Romania Strengthened Regulatory Safety Framework, Sees Areas for Enhancement
Thursday, October 19, 2017
An International Atomic Energy Agency (IAEA) team of experts said Romania has significantly strengthened its regulatory framework for nuclear and radiation safety, including through approval of a National Strategy on Nuclear Safety and Security (NSNSS) and progress related to the management of radioactive waste and nuclear spent fuel, iaea.org informs. The team also made new recommendations for further improvement. The Integrated Regulatory ...