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Energy & Environment
Reuters: Chinese firms eye Enel power assets in Romania, Slovakia
Thursday, October 9, 2014
Chinese companies are interested in buying the Romanian and Slovakian power assets that Enel is looking to sell to cut its debt, the Italian utility's CEO said on Thursday, quoted by Reuters correspondent.. Enel, Europe's most indebted utility, has committed to selling more than 4 billion ...
Stratum Energy Company has started the production of oil and natural gas in the Moinesti perimeter
Thursday, October 9, 2014
The American-based Stratum Energy Company has started the production of oil and natural gas in the Moinesti perimeter of the Poduri oilfield in Bacau County, northeast of Bucharest. It has already invested more than 70 million dollars in ...
EIB continues to support investments increasing Romania's energy efficiency
Thursday, October 9, 2014
The European Investment Bank (EIB) is lending EUR 22.47 million - the first tranche of an approved EIB loan for a total amount of EUR 42 million - to finance the second phase of the refurbishment programme for multi-family housing in the municipality of Sector 4 in Bucharest. This project is expected to result in around 50% savings in the heating energy consumption of the buildings concerned. EIB funds will finance up to 75% of the costs of ...
ADX ENERGY PLANS TO DRILL EXPLORATION WELLS, NEXT YEAR, IN PARTA (TIMIS COUNTY)
Thursday, October 9, 2014
Australian oil company ADX Energy announced that based on 2D seismic data acquired to date and recent mapping work it has identified three exploration prospects in Parta, Timis County, in Western Romania. ADX holds a 50% interest in the license and is the operator of the Parta permit. These prospects are deemed to be drill?ready based on the technical de?risking provided by seismic which has increased the chance of success and the attractive economics ...
IEA: Energy savings outpacing fuel consumption
Thursday, October 9, 2014
Energy efficiency gains are surpassing fuel consumption in some countries, according to a report released Wednesday (8 October) by the International Energy Agency (IEA) In 2011, energy efficiency savings in 11 countries, including France, Sweden and the United Kingdom, “effectively displaced a continent’s energy demand” the IEA said. Savings from improvements in energy efficiency reached the ...
REUTERS SUMMIT- Romania to become gas independent by 2020 - Energy Min
Thursday, October 2, 2014
Romania will produce more gas than it and smaller eastern neighbour Moldova consume by 2020, and the country's gas grid operator will need to invest in its infrastructure to handle additional resources, the energy minister said on Wednesday, quoted by Reuters. Romania is the third-most energy-independent state in the European Union, with a mix including gas, coal, hydro, nuclear and renewable energy, and unlike many of ...
The Senate passed a draft law approving a government emergency ordinance compelling Romania's natural gas producers
Thursday, October 2, 2014
The Senate on Wednesday passed a draft law approving a government emergency ordinance compelling Romania's natural gas producers to conclude deals on the country's centralised markets when selling a minimum quantity of their own production designed for domestic consumption. 'The ordinance was devised to regulate the introduction of an obligation on natural gas producers of Romania or affiliated companies to conclude deals on Romania's centralised markets when ...
E.On Romania head cautious over gas price liberalization
Thursday, October 2, 2014
Frank Hajdinjak, CEO of E.On Romania, part of the German utility firm E.On, has warned the market that the price of domestic gas traded on the energy exchange OPCOM could spike if the country faces a gas crisis that coincides with peak consumption period and the continued liberalization of gas prices for industry. He suggested the government prolong the liberalization calendar for big industry, as it has done for ...
Reuters: Romania postpones tenders for hydrocarbons to 2015
Thursday, October 2, 2014
Romania has postponed tenders to lease 36 new perimetres for oil and gas until 2015, Energy Minister Razvan Nicolescu said on Tuesday.Earlier this year, the head of the country's National Agency for Mineral Resources (ANRM) said 8 offshore and 28 onshore perimetres for exploration and exploitation would be tendered in a few ...
Construction Of Offshore Part Of South Stream To Start In November
Thursday, October 2, 2014
The laying of pipes on the bottom of Black Sea for the South Stream gas pipeline starts in November, said the spokesperson of South Stream Transport Jasper Jansen, quoted by the BTA wire service. In his words everything was ready and the laying of pipes will start from the Russian side of the pipline. According to Michael Sasse, head of ...
Romgaz and Petrom offer to Moldova 20 per cent lower than the price for Russian gas
Thursday, October 2, 2014
Romgaz and Petrom have each submitted a bid to Moldova for the supply of natural gas through the Iasi-Ungheni pipeline, but for the time being they are not exporting gas, energy sources told Agerpres. Contacted by Agerpres, officials of Romania's Department for Energy said the price in the two bids of the Romanian companies is 20 per cent lower than the price for Russian gas. 'There are two bids submitted by Romanian companies to the ...
Romania and Canada to exchange information on environmental impact of mining projects
Thursday, October 2, 2014
Romania and Canada will identify ways in which the two states may exchange information on environmental impact evaluation procedures, in the case of high capacity mining projects, Attila Korodi, Ro0mania's Minister of the Environment and Climate Change told a United Nations Climate Summit going on in New York. "Discussions during the bilateral Romanian-Canadian meeting have focussed on environmental impact evaluation procedures for mining projects conducted ...
Romanian Energy Efficiency Forum 2014: “Supporting the final consumer in Romania”
Thursday, October 2, 2014
The opportunities and challenges of implementing energy efficiency programmes as the next step in Romania’s energy strategy will be debated within the Romanian Energy Efficiency Forum 2014 organized by the Romanian Association for Promoting Energy Efficiency (ARPEE) and GOVNET Conferences at Hotel InterContinental Bucharest, on Thursday, October 9, 2014, starting with 08:30 am. With the ratification of the law ...
British and CEE companies to meet at The GREAT Energy Summit in Prague
Thursday, October 2, 2014
*The British government plans to invest over 375 billion pounds in infrastructure in the next twenty years Energy experts from across Europe will meet at the Lobkowicz Palace in Prague next month to outline the latest trends in the energy sector and discuss mutual business cooperation. The GREAT Energy Summit, to be held on October 22 and 23, will bring together those responsible for ...
Attila Korodi participates the U.N. Summit on Climate Change in New York
Thursday, September 25, 2014
After 1989, Romania has reduced its greenhouse gas emissions to less than half, Environment Minister and Vice President of the United Nations Environment Assembly (UNEA), Attila Korodi told the U.N. Summit on Climate Change in New York. "From the very beginning, Romania has been at the forefront of the fight against climate ...
Bulgarian gas interconnection project with Romania expected to be completed by the end of the year
Thursday, September 25, 2014
“The project for the gas connection with Romania is expected to be completed by the end of the year,” CEO of Bulgartransgaz Kiril Temelkov said at the open sitting of the State Energy and Water Regulatory Commission (SEWRC), a reporter of FOCUS News Agency announced. “The trend is to establish the Bulgartransgaz EAD and the services we provide on a regional principle. We expect ...
Romania delays gas exports to Moldova
Thursday, September 25, 2014
Almost a month after a new pipeline connecting Moldova to the Romanian gas network was launched, gas exports to Moldova have not yet started. Flows through the pipeline, intended to reduce Moldovan dependence on Russia, has been delayed because of problems reaching an agreement with Moldovan gas monopoly Moldovagaz, whose largest shareholder is Russia's Gazprom.The 42km pipeline Iasi-Ungheni pipeline, which will allow Romania to export gas to southern Moldova, ...
E&Y: Romania falls one position to 32nd in the ranking of countries investing in renewable energy
Thursday, September 25, 2014
Romania fell one position to 32nd in the ranking of the countries that made investments in renewable energy, with assets exceeding 6 billion euros being invested, shows the quarterly report Renewable Energy Country Attractiveness Index (RECAI) released by Ernst&Young on ...
Government approved the winter program in the energy sector and the new calendar for the liberalisation of the gas market
Thursday, September 25, 2014
The Government has approved, during its meeting on Monday, two decisions regarding the winter program in the energy sector and the new calendar for the liberalisation of the gas market, according to a release of the Department for ...
Nuclearelectrica announced that it was interested to take over a part of the operations which ENEL wants to sell
Thursday, September 25, 2014
Nuclearelectrica analyses the opportunity resulting from the announcement of the possible sale of the Enel operations in Romania, shows a press release of the company sent to the BVB. The National company Nuclearelectrica (SNN) manifested since 2013 its intention to diversify its portfolio through strategic investments which should lead to the sustainable growth of the company in the competitive context of the electricity market, the press release also ...