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Energy & Environment
WIND ENERGY PRODUCTION AT A HISTORIC PEAK
Thursday, November 27, 2014
Energy production from wind reached, Friday, a historic peak – 2,400 MWh, at about 3,000 MW installed capacity. Wind turbines exceeded in energy production power plants, Hidroelectrica and Nuclearelectrica. Exports were also over 1,200 MWh, all day, meaning half of renewable energy produced was exported, according to economica.net. Last Friday, at 12.00, wind ...
EurActiv: Israel to formally propose gas pipeline to EU
Thursday, November 27, 2014
Israel has proposed that EU countries invest in a multi-billion euro pipeline to carry its natural gas to the continent, noting that the supply from Israel would reduce Europe’s current dependence on natural gas from Russia, the Israeli press reported. A proposal for the “massive” project was introduced by Israel’s Energy Minister Silvan Shalom to energy ministers from ...
GAS PRICE LIBERALIZATION COULD BE DELAYED FOR AT LEAST ONE YEAR
Thursday, November 27, 2014
Department of Energy and the National Energy Regulatory Authority (ANRE) study the possibility of delaying with at least one year the calendar for liberalization of gas prices for companies. The Department received several requests from private companies to postpone the liberalization of prices for industrial consumers, says a press release of the institution. “The Department of Energy has received a ...
EBRD EXPANDS ENERGY EFFICIENCY FINANCING WITH 15 MILLION EURO
Thursday, November 27, 2014
The European Bank for Reconstruction and Development (EBRD) is providing 15 million euro of new financing to Romania’s Banca Transilvania for on-lending to small and medium-sized enterprises (SMEs) investing in energy efficiency and small-scale renewable-energy projects of up to 1 million euro. The loan comes under the EBRD’s Romania SME Sustainable Energy Financing Facility (RoSEFF), a key instrument for ...
Italy: South Stream pipeline is no longer a priority
Thursday, November 27, 2014
Italian Industry Minister Federica Guidi said last week that the South Stream gas pipeline project, which was put in doubt after Russia's annexation of Ukraine's Crimea peninsula, is no longer a priority. Plans to build the $40 billion (€32bn) pipeline carrying enough Russian gas to meet almost 15% of European demand while bypassing Ukraine have divided European Union member states and run into opposition from the European ...
Climate finance levels drop, as Green Climate Fund coffers swell
Thursday, November 27, 2014
Global investment in climate change reduction has fallen for the second year in a row, a drop of $28 billion from 2012, and far below estimates of what is needed, according to research published last week. An additional $1.1 trillion in low-carbon investments is needed every year between 2011 and 2050, in the energy sector alone, to stop global temperatures ...
EurActiv:G20 makes progress on climate change
Thursday, November 20, 2014
Leaders from the G20 group of nations agreed Sunday (16 November) to boost flagging global growth, tackle climate change and crack down on tax avoidance. But ties between the West and Russia plummeted to a new low over the crisis in Ukraine.Russian President Vladimir Putin left the G20 summit in Brisbane early as US President Barack Obama accused Russia of invading Ukraine, and Britain warned of a "frozen conflict" in ...
Additional €15 million for energy efficiency to Romania's SME's
Thursday, November 20, 2014
The European Bank for Reconstruction and Development (EBRD) is providing €15 million of new financing to Romania’s Banca Transilvania for on-lending to small and medium-sized enterprises (SMEs) investing in energy efficiency and small-scale renewable-energy projects of up to €1 million.The loan comes under the EBRD’s Romania SME Sustainable Energy Financing Facility (RoSEFF), a key instrument for promoting more efficient use of energy as a means to ...
Investors interested in the privatization of Hunedoara Energy Complex may submit a letter of intent in this sense until December 5
Thursday, November 20, 2014
The potential investors interested in participating in the privatization of Hunedoara Energy Complex may submit a letter of intent in this sense until December 5, at the headquarters of the Department of Energy, according to an announcement posted on the institution's website. The Government approved, through Governmental Decision ...
Nuclearelectrica sold on Monday an energy quantity of 232,780 MWh
Thursday, November 20, 2014
Nuclearelectrica sold on Monday an energy quantity of 232,780 MWh, through auctions organized on the Centralized Market of Bilateral Contracts - PCCB, managed by ...
Report: EU underestimates biofuels’ greenhouse gas savings by 50%
Thursday, November 20, 2014
The European Union has underestimated the greenhouse gas emissions savings offered by biofuels by as much as 50%, according to a report published last week.To correctly understand the benefits of biofuels, their emissions should be compared to the fossil fuel emissions they replace in the market, ...
EurActiv: Ponta says Romania has no shale gas, Chevron begs to differ
Thursday, November 20, 2014
Romania has fought hard to discover shale gas that apparently does not exist, Prime Minister Victor Ponta said late yesterday (9 November). But US energy giant Chevron was quick to respond that it had yet to finalise an assessment of the country’s shale gas potential."It looks like we don't have shale gas, we fought very hard for something that we do not have," Ponta told television channel Antena 3. "I cannot tell you more than this ...
Turkish Ambassador to Romania: I am ready to cooperate with SOCAR during my diplomatic tenure
Thursday, November 20, 2014
Newly appointed Turkish Ambassador to Romania Osman Koray Ertas has expressed his keenness to cooperate with Azerbaijan`s state oil firm, SOCAR, as he visited the company`s office in Bucharest.Mr. Ertas praised SOCAR’s achievements in Romanian market.The Ambassador was informed of the company`s activities and major projects. He was told that SOCAR operates 30 petrol stations in 13 regions of Romania.(Source: ...
OMV Petrom investing 30 million euros to re-develop the crude oil deposit Tazlau
Thursday, November 20, 2014
Crude oil and gas producer OMV Petrom is investing 30 million euros, in 2014 - 2015, to re-develop the crude oil deposit Tazlau, situated in the north-east of the country, in Bacau County, with the project aiming at unlocking additional crude oil reserves of 3.2 million barrels, OMV Petrom announced on Thursday. 'OMV Petrom ...
ELECTRICA’S PROFIT INCREASED BY 4% IN THE FIRST NINE MONTHS
Thursday, November 20, 2014
Electrica recorded in the first nine months of this year a consolidated net profit of 306 million lei, with 12 million lei (4%) higher than that of the same period of 2013, excluding minority interests transferred. According to a statement quoted by Agerpres, operating profit in the first nine months of 2014 was 372 million lei, 3% higher over the one between January and September 2013. Revenues ...
Sefcovic: 'We should explore common purchasing of gas'
Thursday, November 20, 2014
As the world's biggest energy consumer, the European Union should explore ways to buy gas as a group, the European Commission's new Energy Union boss said on Monday (17 November). The idea was put forward earlier this year by Poland's then-prime minister Donald Tusk, as one option for standing up to Russia and its state gas company Gazprom. Tusk takes up an EU job as President of the European Council next ...
Statistics: Energy resources during 1.I.- 31.IX. 2014 - provisional data -
Thursday, November 13, 2014
During 1.I.-31.IX.2014, the primary energy resources increased by 3.0%, while those of electric energy increased as compared to the same period of previous year, by 8.8 %, the National institute of statistics informs. The mainprimaryenergyresources during 1.I.-31.IX.2014 amounted to 23687.71 thousand tonnes oil equivalent 2 (toe), increasing by 694.2 thousand toe as against 1.I.-31.IX.2013. Domestic production amounted to ...
Reuters: Romania's Romgaz Q3 net profit surges above forecast
Thursday, November 13, 2014
Romanian state-controlled natural gasproducer ...
Romania's natural gas consumption amounted to 75.828 million MWh over Jan.- July 2014
Thursday, November 13, 2014
Romania's natural gas consumption amounted to 75.828 million MWh over Jan.- July 2014, down 4.163 percent compared to the same period of last year, when it totaled 79.122 million MWh, according to a report published on the website of the National Energy Regulatory Authority ...
Romania's net coal production totaled some 3.255 million tonnes of oil
Thursday, November 13, 2014
Romania's net coal production totaled, in the first nine months of this year, some 3.255 million tonnes of oil equivalent (toe), by 5pct (172,600 toe) lower compared to the similar period in 2013, according to the data centralized by the National Institute of Statistics (INS). In the said period, Romania imported ...