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Energy & Environment
AT Kearney conference on the future of the Romanian energy market
Thursday, January 29, 2015
Building the 3rd and 4th reactors at the nuclear power plant of Cernavoda (southeastern Romania) makes less sense than a new gas pipeline from the Black Sea to Europe, says former US ambassador Mark Gitenstein, now a member of the Representatives' Committee of the Proprietatea Fund ...
Reuters: Serbia in talks with Romania over Black Sea gas - PM Vucic
Thursday, January 29, 2015
Serbia has held talks with neghbouring Romania about importing natural gas from the Black Sea region, Serbian Prime Minister Aleksandar Vucic said on Thursday."We have just finished our talks with Romanian PM Victor Ponta about getting the gas from the Romanian part of Black Sea," Vucic told the Reuters Global Market Forum in Davos. ...
Reuters: Romania energy minister says premature to announce listing plans
Thursday, January 29, 2015
Romania's Energy Mister Andrei Gerea said on Wednesdday it was premature to comment on listing plans for state-owned energy companies, as more time was needed to assess their status. Earlier on Wednesday, the manager of Romanian restitution fund Fondul Proprietatea said initial public offerings of state power producers Hidroelectrica and Oltenia originally planned for 2015 were unlikely to ...
EurActiv: Carbon pricing: a challenge for the future
Thursday, January 29, 2015
The concept of carbon pricing as a tool to combat climate change is broadly accepted by the international community. But at what price, and under what conditions? As the world looks for ways to cut CO2 emissions, many questions remain unanswered.EurActiv France ...
E.ON Energie Romania purchased 106,000 MWh of natural gas through BRM
Thursday, January 22, 2015
E.ON Energie Romania purchased 106,000 MWh of natural gas from domestic production through the Romanian Commodities Exchange (BRM) for the price of 90 lei for 1 MWh, VAT excluded, according to a document posted on the BRM website. The price originally asked by the buyer was 85 lei per MWh, and the best bid price was 90 euro per 1 ...
Minister Gerea: We want to see Hidroelectrica out of insolvency
Thursday, January 22, 2015
The procedures for the listing of Hidroelectrica will take place after its getting out of insolvency, and Oltenia Energy Complex is experiencing a small restructuring, Andrei Gerea, Minister of Energy and SMEs, told a Wednesday's conference held at the Bucharest stock ...
PM Victor Ponta explains the non-collection of the money from KazMunai Gaz
Thursday, January 22, 2015
The state did not collect the money,one year after the adoption of the memorandum of understanding with KazMunaiGaz, the sum of 200 million dollars for shares Rompetrol,the premier Victor Ponta explaining that the ‘procedure’ was not finalised as the civil servants worry about signing ...
Statistics: Romania imported crude oil in the first 11 months of 2014 by 30% more than in the same period of 2013
Thursday, January 22, 2015
Romania imported, in the first 11 months of 2014, a crude oil amount of 6.108 million tonnes toe, by 1.408 million toe (30%) more than in the same period of 2013, according to the data centralized by the National Statistics Institute (INS). Crude oil production totaled, from ...
Gabriel Seeks Amicable Resolution of Mining Dispute
Thursday, January 22, 2015
Gabriel Resources Ltd. (GBU) ("Gabriel" or the "Company") announces further steps to initiate positive dialogue with decision makers from within the Romanian Government and competent regulatory authorities (together "Romanian Authorities") directly responsible for progress of permitting and authorizing the development of the Rosia MontanA gold and ...
Romania's gas import was 373,200 toe in the first 11 months of 2014
Thursday, January 22, 2015
Romania imported, in the first 11 months of 2014, as many as 373,200 toe of natural gas, by 65% (692,100 toe) lower compared to the amount imported in the similar period of 2013, according to the data centralized by the National Institute of Statistics /INS/. The domestic production of natural gas ...
Iohannis: Romania will look for other opportunities to consolidate the energy independence
Thursday, January 22, 2015
President Klaus Iohannis stated on last Thursday in Brussels when asked about the South Stream project that Romania will look for other opportunities to consolidate the energy independence and to interconnect to the European energy systems. The president showed that the issue of South Stream was not discussed with the president of the European ...
US to Work on Boosting Bulgaria's Energy Security - Secretary of State
Thursday, January 22, 2015
The US is committed to Bulgaria's energy security and to curbing its energy dependence, US Secretary of State John Kerry has said while on a visit to Sofia.In a press conference with Prime Minister Boyko Borisov following their meeting on Thursday, Kerry announced Washington would send an energy expert to work with Bulgaria's Energy Ministry to help draw a plan for the ...
Hungarian Minister Proposes Greece-Macedonia-Serbia Gas Pipeline as South Stream Alternative
Thursday, January 22, 2015
The construction of a gas pipeline from Greece via Macedonia and Serbia to Hungary would be an alternative to the cancelled South Stream project, according to Peter Szijjarto, Hungary’s Foreign Minister. Speaking after a Wednesday meeting with Serbian Deputy Prime Minister Zoran Mihajlovic in Belgrade, Szijjarto noted that an alternative gas supply route could go from Greece through Macedonia and Serbia to ...
Gazprom CEO Declares South Stream Gas Pipeline Project Closed
Thursday, January 22, 2015
Gazprom CEO Alexei Miller has said that the South Stream gas pipeline has been conclusively abolished and the Turkish Stream project has been put on the agenda.Miller was quoted as saying that the EU had to fast-track the construction of infrastructure for receiving gas supplies through the Turkish Stream pipeline. The CEO ...
EurActiv:Europe's renewable energy deployment 'sub-optimal', report says
Thursday, January 22, 2015
Europe could have saved itself $100 billion (€86bn) by installing solar power panels in sunnier countries and wind turbines in windier places, the World Economic Forum's "Future of Electricity" platform said in a report released on Tuesday (20 ...
Gabriel rejects ‘senseless’ calls for surplus energy capacity
Thursday, January 22, 2015
The German government says it will not provide capacity payments for fossil fuel power plants, but the country’s energy sector is insisting on assistance for its weak coal- and gas-fired power ...
HIDROELECTRICA WANTS TO SELL 33 SMALL HYDROPOWER PLANTS
Thursday, January 22, 2015
Hidroelectrica will hold an auction in February for the sale of 33 out of the 128 small hydropower units it has, at a starting price of 84.7 million lei (18.8 million euros), according to the administrator of its insolvency. “In February we will put up for sale a new batch of 33 small hydropower plants. We want to keep 23 small hydro and refurbish them”, said for Mediafax the lawyer ...
Most Developing Countries Will Benefit from Oil Price Slump, Says World Bank Group
Thursday, January 15, 2015
Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World Bank Group analysis of the oil price decline, contained in the latest edition of Global Economic Prospects. The decline in oil prices reflects a confluence of factors, including several years of upward surprises in oil supply and downward surprises in demand, receding geopolitical risks ...
Primary energy resources increased by 2.4%
Thursday, January 15, 2015
Primary energy resources increased by 2.4%, having totaled over 29.329 million tonnes of oil equivalent, and electricity ones went up by 8.6%, to 58.201 million kWh, in the first 11 months of 2014, compared to the same period of 2013, according to the provisional data released on Wednesday by ...
E.ON Distributie Romania begins operating from January 1
Thursday, January 15, 2015
E.ON Distributie Romania, the first integrated gas and electricity distributor in Romania has begun activity from Jan. 1 and is operating over 20,000 kilometres of natural gas distribution network and more than 80,000 kilometres of electricity distribution network serving around three million clients overall, the company said in a release on ...