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Energy & Environment
Coal production down by 18.4% in first 8 months of 2024, imports decreased by 15%
Thursday, November 7, 2024
Romania's coal production exceeded, in the first eight months of this year, 1.264 million tons of oil equivalent (toe), being 18.4% lower (minus 248,800 toe) compared to the same period in 2023, according to centralized data by the National Institute of Statistics (INS).Coal imports were, in the mentioned period, 128,400 tep, down 22,700 tep (minus 15%) compared to January-August 2023.The dynamics of coal production and imports are expected to decrease, in ...
ANRE: On August 31 target of 2,000 MW installed by prosumers, exceeded
Thursday, November 7, 2024
The target of 2,000 MW installed by prosumers was exceeded on August 31, as a total of 2,058 MW were installed, the president of the National Energy Regulatory Authority (ANRE), George-Sergiu Niculescu, announced on Friday."I have just received the situation regarding the number of prosumers that are connected, a situation completed on August 31, 2024, and I want to inform you that we have exceeded the target of 2,000 MW installed. There are a total of 2,058 MW. Basically, ...
Energy minister: We cannot afford to retire coal-fired capacities with no replacement
Thursday, November 7, 2024
Energy Minister Sebastian Burduja said on last Thursday, on the occasion of the completion of refurbishment works at Unit 5 of the Rovinari Thermal Power Plant of the Oltenia Energy Complex (CEO) that "one cannot shut down coal-fired facilities without putting something else in place.""We cannot afford to retire coal-fired generators without replacing them with gas-fired power plants, so we cannot give up continuous coal-fired power generation without having a replacement ...
Romanian, Moldovan energy ministers sign Memorandum of Understanding
Thursday, October 31, 2024
The minister of energy, Sebastian Burduja, on Thursday signed in Chisinau a memorandum of understanding with his counterpart from the Republic of Moldova, Victor Parlicov, on the development of joint projects and partnerships to promote innovation in the energy field, in the two countries, informs a press release of the Ministry of Energy sent on last Friday."This step means the continuation of a process that Romania has been dedicated to: that of ...
Romania, the Largest Natural Gas Producer in the EU
Thursday, October 31, 2024
Romania became, for the first time, the largest gas producer in the EU, followed by the Netherlands in second place and Germany in third place, the European Commission’s quarterly Gas and electricity market report states. Until now, Romania was the second producer of natural gas in the European Union, after the ...
Romania gets EUR1 billion for new energy investment from EU's Modernisation Fund
Thursday, October 31, 2024
On the sidelines of a meeting of the Investment Committee of the EU's Modernisation Fund that took place on October 22, 2024, in Budapest, Romania's Ministry of Energy got non-repayable funding for all its six priority investment proposals submitted, EUR 1.1 billion, the first EUR 860 million of which will be transferred to Romania by the end of 2024.According to a press release from the ministry, the six investment projects qualifying for the new funding ...
Rompetrol Rafinare implements new public alarm system on Petromidia platform
Thursday, October 31, 2024
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has implemented a new alarm system at the Petromidia Navodari platform through an investment of approximately $700,000, the company said in a release."Continuous investments and the development of projects with an impact on safety, including the implementation of new protection systems, both for our employees and for the nearby population, are major priorities for Rompetrol ...
EnergMin Burduja: Regional energy security depends on increased use of nuclear energy
Thursday, October 31, 2024
Regional energy security depends on increased use of nuclear energy, and the development of local capacities and supply chains is mandatory, Energy Minister Sebastian Burduja said on Wednesday.He participated in the Suppliers' Day "Partners for Nuclear Excellence", an event organised by Nuclearelectrica in partnership with the Chamber of Commerce and Industry of Romania (CCIR)."The nuclear sector supports 1 million jobs in the EU, with the ...
Support and financing in development of climate neutrality plans for 10 cities selected by M100 platform
Thursday, October 31, 2024
The cities of Alba Iulia, Bistrita, Brasov, Bucharest, Buzau, Constanta, Iasi, Oradea, Resita and Timisoara have been selected to become climate neutral by 2035, the national platform M100 announced on Tuesday.In the coming years, these cities will receive support in the development of climate neutrality plans and will be financed to implement actions that will help them in the green transition.The 10 cities were chosen by an international jury ...
OMV Petrom estimates total impact of new tax on turnover will be below 50 million euros
Thursday, October 31, 2024
The OMV Petrom Group estimates that the total impact of the new tax on turnover will be below 50 million euros this year, and the legislative measures introduced for the natural gas and electricity markets will have a negative impact of tens of millions of euros."The legislative measures introduced for the natural gas and electricity markets remain in force, most of them until the end of March 2025. An emergency ordinance of the Government, in force from ...
Trans-Oil Group, Owned by Vaja Jhashi, Acquires Frial Terminal in Constanta Port
Thursday, October 31, 2024
The Trans-Oil Group announced the signing of a Share Purchase Agreement (SPA) for the acquisition of Frial Terminal, located in the Port of Constan?a, Romania. The SPA was signed on Friday, 25 October 2024, marking a key milestone in the Group’s long-term strategy to expand its presence in the vital Black Sea logistics hub, says a company’s press release. Frial Terminal boasts a ...
Romania imported by 6.2pct less natural gas in January-August 2024 against the same interval in 2023
Thursday, October 31, 2024
Romania imported a quantity of natural gas of 1.186 million tonnes of oil equivalent (toe), in January-August 2024, by 6.2pct (-77,900 toe) less than in the similar period last year, according to the data centralized by the National Institute of Statistics (INS).The domestic production of natural gas totaled, in the mentioned period, 5.056 million toe, being 1.4% above that of the period January-August 2023 (+69,000 toe).According to the ...
Schneider Electric Launches New Smart Grid Solutions to Strengthen Grid Resiliency, Flexibility, and Manage Net-Zero Demands
Thursday, October 31, 2024
Against a backdrop of increasing pressure on the energy sector,Schneider Electric is delivering end-to-end smart solutions across the energy chain, with the goal of enabling businesses to ...
PATRES: Balancing market electricity prices excessively high compared to day-ahead market
Thursday, October 31, 2024
Electricity prices in the balancing market have become excessively high compared to those in the day-ahead market, even unbearable for producers in the renewable sector, especially for the small, deregulated ones, as well as for other market participants, cautions the Employers' Organization of Romania's Energy Producers from Renewable Sources (PATRES).In a release on Monday, the industry's umbrella organization expresses concern over the alarming ...
EnergMin: Romgaz, other companies in Energy Ministry's portfolio mandated to help revitalize Romania's petrochemical plants
Thursday, October 31, 2024
Gas consumption in Romania has dropped significantly and it is obvious that the Romanian industry is no longer in its heyday, therefore the government has mandated both Romgaz and other companies in the portfolio of the Energy Ministry to work with and revitalize the large Romanian petrochemical plants, in order to really add value to gas, so that it isn't just used as cooking fuel, Energy Minister Sebastian Burduja said at the Palace of Parliament on ...
OMV Petrom CEO advocates predictability as prerequisite for sizeable investments
Thursday, October 31, 2024
Investments need a favorable environment for being carried out, OMV Petrom CEO Christina Verchere told the Aspen - GMF Bucharest Forum on Friday, noting that no one expects certainty, but an understanding of one's work environment is definitely required.Attending the 13th edition of the Aspen - GMF Bucharest Forum, an event organized by the Aspen Romania Institute and the German Marshall Fund of the United States, Verchere spoke about the ...
Enery commissions solar power plant with batteries in Romania
Thursday, October 24, 2024
The new Sarmasag hybrid power plant in northwestern Romania consists of a 51.4 MW solar power component and a battery facility of 22 MWh, Enery said quoted by https://balkangreenenergynews.com/. Two weeks after inaugurating an industry-scale solar power plant in neighboring Bulgaria, Enery ...
Retele Electrice companies buy transformers worth about 55 million lei for grid modernization projects
Thursday, October 24, 2024
Retele Electrice companies have initiated a public tender on the SEAP platform, with a maximum cumulative value of about 55 million lei (excluding VAT), for the purchase of transformers from medium voltage to low voltage, so that they can carry out modernization projects to increase the resilience and reliability of their distribution networks. "With this purchase, we want to ensure that our electricity grid will become more resilient in ...
Natural gas prospects after Ukrainian transit of Russian gas ceases
Thursday, October 24, 2024
Macro commentary by eToro analyst for Romania, Bogdan Maioreanu The access to Russian gas through Ukraine territory will cease starting the first day of next year. This is creating some supply problems for the EU but the danger seems not to be imminent. There are solutions to this problem, albeit not simple ones. Imports from ...
About 450,000 Romanians benefit from green electricity under Green House programme
Thursday, October 24, 2024
Nearly 150,000 homes benefit from the Green House Programme, accessed in the last two years, so that the number of Romanians who use green electricity is 450,000, with an average of three people per family, secretary of state with the Ministry of Environment, Water and Forests (MMAP) Bogdan Balaniscu told a specialist conference on Monday."There are financing lines with significant impact among the population. For example, we managed to make the Photovoltaic Green House ...