RSS
Energy & Environment
PRIMARY ENERGY RESOURCES DECREASED BY 0.9% DURING 1.I-31.VIII.2016
Thursday, October 13, 2016
- During 1.I-31.VIII.2016, primary energy resources decreased by 0.9%, while those of electricity ...
Price of natural gas for the population won't increase in 2017
Thursday, October 13, 2016
The price of natural gas from domestic production and the price of imported gas will converge on 1 April 2017, therefore the rates payed by the population won't increase, Vice President of the National Regulatory Authority for Energy (ANRE) Emil Calota said on ...
National electricity consumption goes up 4.3 percent in first eight months
Thursday, October 13, 2016
The final consumption of electricity in the first eight months of this year stood at 36.51 billion KWh, up 4.3 percent from the similar period of 2015, according to a National Institute of Statistics (INS) The highest increase, 5.3 percent, was recorded in the industrial sector. The population consumption went up 1.1 percent, while public lighting witnessed a 1.3 percent ...
Bulgaria's Competition Watchdog Files Price-Fixing Claim against 6 Fuel Companies
Thursday, October 13, 2016
The Competition Protection Commission of Bulgaria (CPC) has accused six petrol and diesel retailers of forming a cartel in the fuels market, nivinite.com reads.The companies concerned are Lukoil Bulgaria EOOD, Eko Bulgaria EAD, Shell Bulgaria EAD, OMV Bulgaria OOD, Nis Petrol EOOD, and Petrol AD.All of them are accused of breaching Article 15 of the Law on Protection of Competitionand Article 101 of ...
Oil Terminal to raise capital over 5 times to 71 mln. Euro
Thursday, October 13, 2016
Oil Terminal majority shareholders representing almost 78% of equity decided yesterday to increase the share capital from nearly 58.2 million lei (about 13 million), to about 319.2 million lei (about 71 millions euros), according to a report consulted by energynomics.ro. Therefore, the decison of the general shareholders‘ meeting (GSM) was to increase the capital “to the maximum of 319,236,363.8 lei via ...
EU rules out ‘harmonisation’ of renewable energy support
Thursday, October 13, 2016
The “active participation” of citizens and local communities in the supply and demand of electricity will be “the leitmotiv” of new energy proposals the European Commission is preparing for the end of the year, according to a senior EU official who ruled out harmonisation of national support schemes for renewables at this stage, EurActiv.com reads. As the European Commission prepares a much-awaited update of its renewable energy ...
EC notified that the state aid offered to Transgaz for the pipeline Iasi-Ungheni observes the legislation
Thursday, October 6, 2016
The European Commission analysed the state aid offered by Romania to the Transgaz company for the construction of the pipeline between Iasi and Ungheni and noticed that the legislation in the domain was observed stated the chairman of the Council of Competition Bogdan Chiritoiu. In 2015, Transgaz received a state aid of 81 million lei for the pipeline Iasi-Ungheni project financed through the programme for transborderly cooperation Romania- the ...
The production of electricity and thermal energy will cost 2.3 billion lei this winter
Thursday, October 6, 2016
The necessary costs for the acquisition of fuel for the thermal and electrical energy in the cold weather will reach 2.322 billion lei according to the project regarding the winter programme in the domain of energy for the stable and safe functioning of the National Electroenergy System between 1October 2016 – 31 March 2017 made by the ministry of energy. Out of the total at national level, 1.886 billion lei represent the costs for the ...
Bulgaria’s Trace Group Hold signs cooperation agreement with Romania's Energex Expert
Thursday, October 6, 2016
Bulgarian construction company Trace Group Hold [BUL:T57] said on Wednesday it has signed a cooperation agreement with Romanian engineering company Energex Expert, seenews.com reports. The agreement aims to position Trace Group Hold on the Romanian construction market, particularly in the area of public procurement projects, Trace Group Hold said in a bourse filing. Under the agreement, Energex commits to support Trace Group's ...
Government found a solution to allow the acquisition of natural gas "in efficient conditions"
Thursday, October 6, 2016
Energy Minister Victor Grigorescu announced on Wednesday that the Government found a solution to allow the acquisition of natural gas "in efficient conditions", so that the population won't suffer this ...
Vast Resources starts zinc production at Romanian mine
Thursday, October 6, 2016
UK-based mining company Vast Resources said on Monday that it has started to produce zinc at its Manaila polymetallic mine in Romania, providing the company with a second commodity and revenue stream in addition to copper, seenews.com reports. "Full scale zinc production commenced with 50 tonnes of concentrate produced since initial commissioning in first week of September," Vast Resources said in a press release. The ...
Enel Romania appoints new directors for Regulations and Business Services departments
Thursday, October 6, 2016
Enel Romania has appointed Claudia Brandus as director in the Regulations department and Cosmin Trofin, who coordinated the Regulation until now, as the director in Business Services department, business-review.eu informs. As regulations director, Brandus will coordinate a team of 15 persons, whose main objective is to define, represent and promote the company’s position regarding regulations and anti-trust issues. Also, she’ll be ...
Paris climate accord to take effect on November 4
Thursday, October 6, 2016
* A global agreement to combat climate change will take force after support from European nations sent the accord across an important threshold on Wednesday (5 October), prompting US President Barack Obama to hail it as a “historic day” for protecting the planet, EurActiv.com reads. European nations, Canada, Bolivia and Nepal raised backing for the 2015 Paris Agreement to countries representing 56.87% of world ...
16 energy companies in Romanian top 50 by turnover, in 2015
Thursday, October 6, 2016
16 energy companies appear in the top of the 50 biggest companies from Romania in 2015 compiled by Ziarul Financiar, quoted by energynomics.ro. OMV Petrom remains in the second position after Automobile Dacia SA, with its business of fuels selling and in the third position with its extraction activities. Rompetrol Rafinare appears on the fourth position. Rompetrol ...
Large companies should fear this: households to become energy independent
Thursday, October 6, 2016
Half of EU citizens – including local communities, schools and hospitals – could be producing their own renewable electricity by 2050, meeting 45% of the EU’s energy demand, according to new research quoted by euractiv.com, quoted by energynomics.ro.(http://www.euractiv.com/section/energy/news/study-maps-potential-of-energy-citizens-in-push-for-renewable-power/?nl_ref=21694417) The study, performed by Dutch consultancy firm CE Delft, ...
EBRD mulls lending 41 mln euro to Romania, Moldova for natgas pipeline expansion
Thursday, September 29, 2016
The European Bank for Reconstruction and Development (EBRD) said on Wednesday it is considering to lend 41 million euro ($45.9 million) for the construction of a new natural gas trunk pipeline which will bring gas to Moldova's capital, Chisinau, from Romania, seenews.com informs. The new 120 km pipeline will have a diameter of 600 mm with a capacity of 1.5 billion cu m per year and will connect the existing gas infrastructure networks in Ungheni in Moldova and Iasi in Romania, the ...
KMG International – a large contributor to Romania’s economy, supporting the national development and growth
Thursday, September 29, 2016
KMG International is a foreign direct investor of major relevance for Romania, supporting budgetary revenue of 3%, placing 1,6 billion $ during 2007-2015, ensuring 44.6% of the country’s refining capacity and contributing to its energy security, according to a study conducted by the Academy of Economic Studies, Bucharest, in July- September 2016, quoted by the company în a statement sent to ACTMedia. „KazMunayGas – the national company of ...
Giurgiu-Russe interconnection project: main gas pipeline placed under Danube river
Thursday, September 29, 2016
The main gas pipeline of the Giurgiu-Russe interconnection project was placed under the Danube river, Transgazinformed in a press release. Works were completed on Sunday, September 25, business-review.eu reads. On Saturday, Minister of Economy and Deputy PM Costin Borc made a work visit at the building site of the interconnection project between Romania and Bulgaria and met with representatives of companies Transgaz, Inspet and Habau. The ...
Bulgaria Should Prioritize Gas Links with Greece, Romania - EU Official
Thursday, September 29, 2016
Bulgaria should work to complete the interconnectors linking its gas transportation networks with Greece and Romania, the EU Commission spokesperson for Specific Energy Union Projects has said quoted by novinite.com. Jakub Adamowicz's comments for the Bulgarian National Radio ...
Gas Generator Sets to Guarantee Operation of the Natural Gas Network in Romania
Thursday, September 29, 2016
HIMOINSA generator sets are supplied with natural gas from the Transgaz transport network and guarantee operation of the control equipment in the handling stations during winter snowstorms, power-technology.com reports. HIMOINSA has supplied generator sets to Transgaz, the national company responsible for gas transportation in Romania, through its distributor All Generating. The generator sets provide emergency power to the control centres in the handling stations, thereby preventing ...