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Energy & Environment
Romania's progress in implementing SOP 'Environment' earns EC appreciation
Thursday, October 30, 2014
Romania's progress in implementing the Sectoral Operational Program 'Environment' earned praise during the talks held on Thursday in Brussels between Minister of Environment and Climate Change Attila Korodi and DG REGIO Director General Walter Deffaa, the Ministry of Environment informs. Approached during the talks were ...
Ponta: By 2019, we should have enough gas for Romania and the Republic of Moldova
Thursday, October 30, 2014
Prime Minister Victor Ponta in Medias on Thursday, after having paid a visit to Transgaz and Romgaz, said that if the gas exploitation began in the Black Sea, by 2019, there should be enough gas for Romania and the Republic of Moldova. 'Normally, if all the existing prospects ...
Minister Nicolescu: the "future looks very good" for the gas sector in Romania
Thursday, October 30, 2014
Minister-Delegate for Energy Razvan Eugen Nicolescu has stated, on Thursday, at the Transgaz anniversary, that the "future looks very good" for the gas sector in Romania, referring to the doubling of the structural funds accessible by this company. "We are the third-ranked country from an energetic independence viewpoint in the ...
Mutual CEE-British cooperation in Energy Can Result in Contracts Worth Billions Pounds
Thursday, October 23, 2014
Central & Eastern Europe (CEE) will benefit from £115 billion (over €145 billion) in EU funding between 2014 and 2020, a significant part of which will be allocated to the funding of energy infrastructure projects. Romania will obtain a proportion of these resources, as it is – together with the eight other countries of CEE – one of the most attractive countries in terms of energy sector ...
The Romanian environmental protection expenditure last year dropped 2.5 percent of GDP, from 3 percent of GDP in 2012
Thursday, October 23, 2014
The Romanian environmental protection expenditure last year dropped to about 15.6 billion lei, namely 2.5 percent of GDP, from 3 percent of GDP in 2012, show provisional data made public on Wednesday by the National Statistics Institute (INS). The investments made by non-specialised producers accounted for 73.1 percent nationwide, ...
Romania will no longer depend on gas imports
Thursday, October 23, 2014
Within short, Romania will no longer depend on gas imports, given that the share thereof has dropped from 35 percent of consumption a few years ago to 9 - 10 percent this year, and the percentage established for November's gas imports is just 2 percent, the president of the National Energy Regulatory Authority (ANRE) Niculae Havrilet told an economy ...
Romania to support the adoption of a single target for carbon dioxide emissions reduction
Thursday, October 23, 2014
Romania will back the adoption of a single target for carbon dioxide emissions reduction and also the support to be granted to the newly acceded states to the European Union in the European Council, on Thursday taking place in Brussels, said Minister-delegate for Energy Razvan Nicolescu, on Tuesday, at the EU-Southeast Europe Summit, ...
Romania has invested USD 1 bln in nuclear reactors 3-4 at Cernavoda
Thursday, October 23, 2014
Razvan Nicolescu, the delegate minister of energy, said the development of two nuclear reactors in Cernavoda will continue “no matter what the situation is” after Romania has already invested USD 1 billion in the project.Nuclear energy is critical for Romana’s energy mix, covering roughly around 20 percent of the electricity consumption each year. “Up to now USD 1 ...
China's CGN selected for Romania's nuke project
Thursday, October 23, 2014
Romania and China General Nuclear (CGN) signed on Friday a joint letter of intent to build two new reactors in Romania's Cernavoda nuclear plant for which the Chinese company has been designated as an investor.According to a statement of Romania's state-owned nuclear utility Nuclearelectrica, the selection followed investor qualification stage, completed on September 9, by analyzing Documentation of Intent in term of ...
Romania seeks investors to reach energy sufficiency
Thursday, October 23, 2014
While Razvan Nicolescu, delegate minister of energy, has stated that Romania needs EUR 50 billion of fresh energy investments to strike sufficiency around 2020, experts say European financiers’ appetite to back major projects has been curbed. Nicolescu commented recently that the country will need to attract around EUR 4-5 billion in the next decade to become the second country in the EU that is energy independent, ...
Environment: Commission takes Romania to Court over toxic tailing pond
Thursday, October 23, 2014
The European Commission is taking Romania to Court for a failure to comply with EU legislation on mining waste (i.e. waste resulting from the extraction, treatment and storage of mineral resources and the working of quarries). The case concerns the Bo?neag pond, a 102-hectare tailing pond that holds waste extracted from copper and zinc mines in Moldova Noua, Romania, and which is currently in a state of almost ...
Gas stress test: Cooperation is key to cope with supply interruption
Thursday, October 23, 2014
What will happen if Russian gas supplies are interrupted this winter? Will homes and companies have the energy they need? What can the EU and Member States do? The Commission's report on the resilience of the European gas system issued today, gives answers: More gas will continue to be delivered to homes and companies, if Member States cooperate and allow the market forces to work as long as possible. Government intervention should be carefully ...
Smaller renewable energy companies in Romania are expected to start filing for bankruptcy
Thursday, October 16, 2014
Smaller renewable energy companies in Romania are expected to start filing for bankruptcy after the government slashes incentives for renewable electricity generators earlier this year. The changes to the green certificates scheme has also dented investor confidence in Romania.Romania's renewable energy sector boomed in 2012, thanks to the government's generous incentive scheme for power producers. However, in June 2013, the government announced cuts to the number ...
State aid: Commission approves Romanian green certificate reduction for energy-intensive users
Thursday, October 16, 2014
The European Commission has found that the Romanian green certificate reduction scheme, reducing the contributions of certain energy-intensive users to the financing of renewable energy, is in line with EU state aid rules, and in particular with the Commission's new Energy and Environmental Aid Guidelines. The Commission has concluded that the partial compensation for the cost of financing renewable energy support is necessary to ensure the competitiveness of energy-intensive ...
Energy resources during 1.I.- 31.VIII. 2014 - provisional data -
Thursday, October 16, 2014
According to the National Institute of Statistics (INS), during 1.I.-31.VIII.2014, the primary energy resources increased by 3.4%, while those of electric energy increased as compared to the same period of previous year, by 8.5 %. The main primary energy resources during 1.I.-31.VIII.2014, amounted to 20993.11 thousand tonnes oil equivalent 2 (toe), increasing by 682.2 thousand toe as against 1.I.-31.VIII.2013. Domestic ...
Romania, 10th in the world in terms of renewable energy resources
Thursday, October 16, 2014
Romania is ranked 10th in the world in terms of renewable energy resources and in the next 20 years 4.5 billion euros are expected to be gained by the economy from the operation of wind farms, Romania's Minister of the Environment and Climate Change Attila Korodi told a ministerial conference in Vienna held by the Central European Initiative (CEI). 'In 2012, almost 23 per cent of Romania's gross energy consumption was covered by renewable sources. The ...
Panfora Oil & Gas continues information campaign in Ex-6 Curtici perimeter
Thursday, October 16, 2014
Ø Panfora Oil & Gas continues information campaign for communities in Arad countyinviting stakeholders to visit MOL Group’s production fields Ø The company has begun to notify land-owners about its operations and commitment in EX-6 perimeter, according to the provisions of the Petroleum ...
Energy Efficiency Forum 2014: Energy Efficiency, a fundamental priority for Romania
Thursday, October 16, 2014
With the enaction of the Law No. 121/2014 on energy efficiency, Romania needs to establish a new plan of action in this sector for implementing measures aimed at improving energy efficiency which becomes a strategic goal of the national energy policy. The challenges and opportunities generated by following the directions set by the 2012/27/EU Directive have been debated during the Energy Efficiency Forum 2014 organized by the Romanian Association for Promoting Energy ...
SOCAR to increase investment in Romania
Thursday, October 16, 2014
Azerbaijan's state oil company Socar is looking at ways to increase its investments into Romania's energy sector. Socar currently operates a network of 30 petrol stations across Romania, and is planning to open at least 10 more by the end of 2015.However, Hamza Karimov, CEO of Socar Romania, told the Business Review Foreign Investors Summit in Bucharest on October 14 that the downstream segment is not SOCAR's main area of activity. The investment into its petrol ...
Renewable energy projects reached capacity of 4,704 MW at the end of August
Thursday, October 9, 2014
Renewable energy projects reached a total capacity of 4,704 MW at the end of August, according to data released by the state-owned operator of Romania's transmission grid ...