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Energy & Environment

Midia Marine Terminal completes overhaul works on offshore terminal

Thursday, September 7, 2023

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Midia Marine Terminal (MMT), a member company of the KMG International Group, has successfully completed the turnaround of an offshore marine terminal that supplies raw materials to the Petromidia refinery.According to a press statement released on Friday, for 24 days, the USD 4.3 million project entailed complex work, with the most important component being the replacement of all floating and submerged hoses. More precisely, it is about two floating ...

Romania's natural gas imports down 34.7pct in H1 2023, production up 6.3pct

Thursday, September 7, 2023

In H1 2023, Romania imported 696,200 tonnes of oil equivalent (toe) of usable natural gas, down 34.7% (-369,600 toe) y-o-y, according to data with the National Institute of Statistics (INS).Romania's H1 2023 domestic production of natural gas was 3.755 million toe, up 6.3% (222,700 toe) over H1 2022.According to estimates of the National Economic Strategy and Forecasting Board (CNSP), Romania's natural gas production is estimated to rise at an ...

EnergMin Burduja: Neptun Deep is a critical project, not only to Romania, but also to whole Europe

Thursday, September 7, 2023

Neptun Deep is a critical project, not only to Romania, but also to whole Europe and it will mean independence from Russian gas, Energy Minister Sebastian Burduja said on Wednesday."Neptun Deep is a critical project, not only to Romania, but to whole Europe. The situation in the Black Sea is not easy, so we rely on your help to make it a safe area. It is a USD 4 billion investment and I know that someone in Moscow is watching us and will do anything to delay ...

Analysis: Green energy production needs to increase eightfold to reach climate neutrality by 2050

Thursday, September 7, 2023

The production of green enery must increase eightfold to the level of 2021 and annual investment in distributionmust triple to reach, at global level, the climatic neutrality until 2050, shows a PwC analysis, made on the basis of the data of the International Agency for Energy (IEA).In Romania, investment in renewable energy intensified over the last years, but it is much to reaching the agreement in the National ...

Burduja: We are approaching 85% gas storage fill rate for the cold season

Thursday, September 7, 2023

Romania is approaching a gas storage fill rate for the cold season of 85%, which means that the country will be able to get through a normal winter using only gas from Romanian production and storage, Energy Minister Sebastian Burduja has announced. "We are approaching 85% gas storage fill for the cold season. 570 million cubic metres more than in the same period last year. This is good news because it ...

Transgaz Romania takes over Gazprom’s operations in Moldova

Thursday, September 7, 2023

Romania’s gas transmission system operator Transgaz has announced the acquisition of Gazprom’s operations in Moldova, a strategic move likely to further reduce ...

THE MINISTRY OF ENERGY AND E-DISTRIBU?IE SIGNED TWO FINANCING CONTRACTS THROUGH THE MODERNIZATION FUND, TOTALING 122,799,965.59 MILLION LEI

Thursday, August 31, 2023

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The Ministry of Energy and E-Distributie signed two non-refundable financing contracts through the Modernization Fund, totaling 122,799,965.59 lei (VAT included), for the modernization of the grids in two of the areas where the distribution operator activates.   Thus, E-Distributie Muntenia will carry out a project totaling 76,469,876.11 lei (VAT included), to increase the security of electricity supply ...

Volker Raffel ( E.ON): We are one of the major contributors to the state budget: last year we paid 1.8 billion lei

Thursday, August 31, 2023

Last year, E.ON Romania paid about 371 million euros to the state and local budgets, 80% more than in 2021, and supported thousands of jobs, announced Volker Raffel, the general director of E.ON Romania.   ' We are one of the biggest taxpayers in Romania to the state and local budgets. Last year, we paid 1.8 billion lei (about 371 million euros), 80% more than in 2021.We are at the same time, a partner ...

EnerMin: In the field of energy, Romania can not only be independent, but can be a spearhead

Thursday, August 31, 2023

 Our country has undertaken the construction of an energy system that provides green, cheap and safe energy, so that, in the field of energy, Romania can not only be independent, but can be a spearhead, stated Wednesday the Minister of Energy, Sebastian Burduja.According to a press release, Sebastian Burduja participated on Wednesday in the Annual Meeting of Romanian Diplomacy, this year's theme being "A firm foreign policy of Romania: managing ...

TeraPlast SA Receives Approx. 5.5 Million Lei Through PNRR For A New Photovoltaic Plant

Thursday, August 31, 2023

TeraPlast SA signed the financing contract for a financial support of approx. 5.5 million lei through the National Recovery and Resilience Plan (“PNRR: Funds for modern and reformed Romania”) for the development of a new photovoltaic plant in the Industrial Park of S?r??el. The non-refundable financing, approved according to the request, will cover about a quarter of the company’s total investment in this project, whose budget reaches ...

Simtel Team Becomes A Renewable Electricity Producer

Thursday, August 31, 2023

Simtel Team (BVB: SMTL), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a national leader in the field of renewable energy, announces the completion of the first phase of the photovoltaic park in Plesoiu, Olt County, which is part of the new business line developed by the company, namely electricity production. In the medium and long term, the Plesoiu project aims to produce and sell electricity from ...

Electrica Group turns to profit in H1 2023

Thursday, August 31, 2023

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Electrica Group turned to profit in H1 2023, posting a net result of 106 million RON, compared to a loss of 176 million RON in the year-ago period, as per the company's consolidated results released on last Friday.The group's EBITDA increased by 535 million RON to 636 million RON in the reporting period, mainly due to the operational performance of the distribution segment, to the increase in energy revenues generated by the roughly 20 percent year-over-year ...

Chimcomplex implements stage 2 of project on high-efficiency, flexible gas-fired cogeneration plant

Thursday, August 31, 2023

Chimcomplex Borzesti has signed the financing contract and is in the process of implementing the second stage of the project "High-efficiency, flexible gas-fired cogeneration in the central heating sector of Ramnicu Valcea," according to a company press release issued Thursday to the Bucharest Stock Exchange (BVB).The project aims to build a high-efficiency cogeneration plant to serve the municipality of Ramnicu Valcea starting in 2026. The total value of ...

Orange Romania Group Purchases Long-Term Renewable Energy By Signing Its First VPPA Agreement With ENGIE Romania

Thursday, August 31, 2023

The companies part of the Orange Romania Group have signed with ENGIE Romania the first vPPA (virtual Power Purchase Agreement) contract, which consists in the virtual purchase of long-term renewable energy. The agreement underlines Orange’s commitment to reach the #NetZeroCarbon objective by 2040. Through this contract, signed for a period of 6 years, Orange in Romania will cover 30 GWh of its annual electricity needs with green energy from solar ...

Aon, UNIQA and Network One Distribution collaborate to promote green energy adoption

Thursday, August 24, 2023

Aon Romania, one of the leading insurance brokerage and risk management consulting firms and UNIQA, one of the most significant insurers engaged in sustainability actions, have partnered to offer comprehensive insurance solutions for renewable energy in ...

EPG suggests Romania to upwardly revise installed offshore wind power capacity

Thursday, August 24, 2023

The Energy Policy Group (EPG) association suggests an upward revision of Romania's target of installed offshore wind power capacity, namely 3 GW by year 2035, and considers that the bill on advanced offshore wind energy must take into account cross-border cooperation with Bulgaria for the development of new facilities.EPG also considers it beneficial that the development of offshore wind power is stimulated under a state aid support scheme of a CFD ...

EnergyMin, KHNP VP: Discussions on knowledge transfer in nuclear and hydropower

Thursday, August 24, 2023

 Energy minister Sebastian Burduja had a meeting on Friday with Insik Park, Executive Vice President of Korea Hydro & Nuclear Power Company (KHNP), the main discussions regarding possibilities of cooperation, investment projects and knowledge transfer in the nuclear and hydropower field, says a statement from the Ministry of Energy sent on Friday.Korea Hydro & Nuclear Power Company has a long tradition in nuclear and hydropower, being the ...

Ukrenergo appeals to Poland, Romania for emergency assistance to stabilize power grid

Thursday, August 24, 2023

Ukrainian state energy company Ukrenergo reached out to Romania and Poland ...

Nuclearelectrica H1 net profit edges up 5.6%

Thursday, August 24, 2023

Nuclearelectrica, the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said that its net profit rose 5.6% year-on-year to 1.289 billion lei ($285.2 million/261.2 million euro) in the first half of 2023.   The company's operating profit edged down by 4.7% on the year to 1.627 billion lei in the first six months of 2023, Nuclearelectrica said in an interim financial statement filed with the ...

Domestic primary energy production increases 3.7% in H1, electricity consumption in economy drops 7.6%

Thursday, August 24, 2023

Domestic primary energy production increased 3.7% in the first six months of the year, compared to the same period in 2022, while imports fell 6.2%, the National Institute of Statistics (INS) reported on Monday.According to INS data, domestic production totaled 9.147 million toe, up 329,800 toe (+3.7%) compared to the period 1 January - 30 June 2022, while imports totaled 7.072 million toe, down 468,800 toe (-6.2%).In the period 1 January - 30 ...

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