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Energy & Environment
RENEXPO® SOUTH-EAST EUROPE -8th Energy + Efficiency Fair and Conferences
Thursday, May 14, 2015
It has become a tradition that in November all the key players meet at RENEXPO® SOUTH-EAST EUROPE, Romania's Platform for renewable energy and energy efficiency. The event comes back in 2015 with its 8th edition, between the 18th - 20th of November, at the Palace Hall in Bucharest. This year's edition aims to present themes for a sustainable future, gather in one place decisions makers, investors and beneficiaries and facilitate the know-how transfer. A special attention ...
The Court of Appeal obliges ANRE to pay GDF Suez damage of 291 million lei
Thursday, May 7, 2015
The Court of Appeal Bucuresti obliged ANRE to pay to the gas distributor GDFSuez damage of 291 milion lei, representing non-recovered costs, the authority having to appeal to the decision, The sentence was not recorded, so that ANRE does not know which are the reasons for which the court, although they rejected the main arguments decided for the payment of the damage, according to the press release. ANRE considers that, through ...
TOTAL SEES DEAL TARGETS STILL TOO EXPENSIVE AFTER CRUDE CRASH
Thursday, May 7, 2015
Total SA Chief Financial Officer Patrick de La Chevardiere said prospective takeover targets are still too expensive after crude prices collapsed. “All potential targets brought to us by bankers haven’t yet adjusted in terms of prices,” he said in an interview with Bloomberg TV on Tuesday. “They are still expensive companies. Their share prices haven’t adjusted to the new oil price ...
FP LONDON LISTING WILL BRING LIQUIDITY AND CAPITAL TO BUCHAREST, ESPECIALLY FOR ENERGY TITLES
Thursday, May 7, 2015
Although Wednesday’s secondary listing of Fondul Proprietatea (FP) on the London Stock Exchange (LSE) has attracted 11 times more liquidity on Wednesday in London against the whole market in Bucharest, which did not record any significant advance on Thursday for the major stock indexes, it is expected that this move will produce positive effects for the local market in the medium and long term, brokers told energynomics.ro. The listing has ...
EurActiv: TAP pipeline secures exemption from Third Energy Package
Thursday, May 7, 2015
The Trans-Adriatic pipeline (TAP), representing the European section of the Southern Gas Corridor (SGC) which will bring gas from Azerbaijan, has obtained an extension of the validity period of the project’s exemption from third party access to its pipe. The regulatory authorities in TAP’s host countries – Greece, Italy and Albania – published a joint opinion on Wednesday (29 April), prolonging the validity period of TAP’s ...
ONLY GREEN PRODUCERS UNDER 3 MW WILL SIGN BILATERAL CONTRACTS
Thursday, May 7, 2015
The Romanian Parliament’s Chamber of Deputies Industry Committe decided to greenlight the amending legislation to allow renewable energy providers with an installed capacity below 3 MW to sign bilateral contracts. Previously, market sources told energynomics.ro that the maximum admitted level will be provided for 5 MW projects, yet, the new provision will drive into insolvency or bakruptcy small projects exceeding 3 MW, writes ...
ArcelorMittal Galati invests EUR 3 M to increase energy efficiency
Thursday, May 7, 2015
ArcelorMittal Galati continues its programme to increase energy efficiency investing EUR 3 million to implement an upgrading project at the Steel Melting Shop. The investment is part of ArcelorMittal Europe’s “Energize” Project focused on reducing the energy consumption by 15 percent over the next five years, since its start. According to a press release, the new state-of-the-art vacuum pump from the Steel Melting Shop R.H. secondary ...
Lack of legislative predictability makes the renewable energy sector unattractive to investors
Thursday, May 7, 2015
The Romanian renewable energy sector is unattractive to investors, said representatives of the Renewable Energy Producers Organization in Romania (PATRES) on the occasion of their annual meeting when they also debated legislative news in the field of renewable energy. George Niculescu, executive director of the organization, believes thatthe biggest concern are the frequent legislative changes that occur suddenly without ...
Romanian-Bulgarian joint statement on strengthening regional cooperation in energy area
Thursday, April 30, 2015
The Foreign and Energy Ministers of Romania and Bulgaria on Friday, on the occasion of the joint government meeting taking place in Craiova, signed a joint statement on strengthening the regional cooperation in the energy area, which mainly underscores the commitment of the two sides to the European strategic objective of diversifying both the routes and the sources of energy.According to a press release remitted by the Foreign Affairs Ministry (MAE), the statement voices ...
Bulgarian PM: South Stream should have been built without third package; I support Nabucco
Thursday, April 30, 2015
Bulgarian Prime Minister Boyko Borisov, in the joint press conference with the Romanian and the Serbian Prime Ministers in Craiova on Friday, said that South Stream should have been built without the EU's third energy package and that there currently isn't any contract signed by Bulgaria or Russia. The Bulgarian Prime Minister insisted on pointing out that he supports the Nabucco project, which doesn't cause any inconvenience to the South Stream project, but about which, ...
Electricity market mechanism implemented in Romania ensures reliable consumption coverage
Thursday, April 30, 2015
The electricity market mechanism implemented in Romania contributes to the safe operation of the national electricity system, enabling it to dependably cover consumption needs, Marian Cernat, director of the National Energy Regulatory Authority (ANRE), told the Forum of Electricity Network Operators and Power Suppliers."The market mechanism implemented in Romania, seen with all its ...
Romania finalised the National Network for the Monitoring of Air quality, made up of 142 units
Thursday, April 30, 2015
Romania has at present, 142 fixed units for the monitoring of air quality in the whole country through the National Network for the monitoring of air quality, stated in a press conference Gratiela Gavrilescu, the minister for environment, waters and forests. ‘The minister of environment created at national level areas and evaluation zones for the evaluation of air quality, as follows 13 areas defined as areas with population over 250,000 ...
MOL Romania: first 6 rebranded service stations of the network taken over in 2015
Thursday, April 30, 2015
* MOL Group has completed the rebranding of the first 6 service stations of the network taken over in 2015 * The rebranded stations are located in Bucharest and Constanta County * MultiBonus and fuel cards are available in the extended network MOL Group has ...
Romanian envoy highlights Azerbaijan’s role in Europe’s energy security
Thursday, April 30, 2015
Daniel Cristian Ciobanu, the Romanian ambassador to Azerbaijan has highlighted Azerbaijan’s role for ensuring Europe’s energy security. He delivered a speech at the international conference “Geopolitical review of the Caspian: new role for Azerbaijan”, organized in Baku by NATO International School of Azerbaijan on April 29. Ciobanu underlined that Romania, which has been the second country to recognize ...
European Commission takes Romania to Court over failure to amend packaging waste legislation
Thursday, April 30, 2015
The European Commission is referring Romania to the EU Court of Justice (ECJ) over its failure to enact revised EU legislation on packaging waste into domestic law, europa.eu informs. The revised Packaging Directive updates rules on packaging and packaging waste, with a view to reducing their impact on the environment. Member States had to bring into force the laws necessary to comply with this Directive by 30 September 2013. After it missed the ...
OMV petrom Group estimates investments of some 5.3 billion lei this year
Thursday, April 30, 2015
OMV Petrom Group estimates investments of some 5.3 billion lei this year, by 20 per cent below the level of the investments budgeted for 2014, and the largest share of funds (90 per cent) is directed to Upstream activities referring to the continuation of excellence operational ...
MFE wants to use European funds to reimburse water supply/waste water projects
Thursday, April 30, 2015
Romania's Ministry for European Affairs (MFE) wants to use European funds to reimburse water supply/waste water projects qualifying for national funds, reads a draft emergency ordinance posted on the MFE ...
Kiev Claims Ukraine Capable of Delivering Gas from Norway to Romania
Thursday, April 23, 2015
* Energy Minister Volodymyr Demchyshyn claims that Ukraine is capable to transport gas from Norway to Romania, Bulgaria as well as to Turkey and potentially to Greece. Ukraine is capable to transport gas from Norway to Romania, Bulgaria as well as to Turkey and potentially to Greece, Ukrainian Energy Minister Volodymyr Demchyshyn stated at the IHS CERAWeek conference in Houston, ...
Greece and Russia discuss pipeline deal
Thursday, April 23, 2015
Greece held "constructive" talks with the head of Gazprom, in Athens Tuesday (21 April), and hopes that the two sides will soon reach a deal on a pipeline that will bring Russian gas to Europe via its territory. The Greek government expressed interest in the pipeline during talks between Prime Minister Alexis Tsipras and Russian President Vladimir Putin in Moscow this month, and was hoping Russia would give the country advance funds for the project ...
Winstar could start the commercial exploitation in the Satu Mare area
Thursday, April 23, 2015
Serinus Energy, the owner of the oil company Winstar Satu Mare announced on Monday that they could start the commercial exploitation at the drilling unit Moftinu-1001 from the Satu Mare area, after the tests following drilling identified a resource of gas of almost 481.4 million cubic metres. ‘We are very satisfied with the results of the tests. The size of the gas resources around Moftinu-1001 seem to be at a level ...