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Energy & Environment
Reuters: Romania sues Enel in international court over local supplier
Thursday, September 25, 2014
The International Court of Arbitration in Paris accepted Romania's case against Italy's Enel over an outstanding stake in a local power supplier, the energy ministry said on Wednesdsay, quoted by Reuters correspondent in Bucharest. Enel bought a controlling stake in Romanian ...
PM Victor Ponta is in favour of shale gas exploitation
Thursday, September 25, 2014
Prime Minister Victor Ponta said on Friday that he is in favour of shale gas exploitation, provided that all environment standards are respected; he also pointed out that first of all Romania has to be confirmed if such unconventional resources are available on its territory. "I am in favour of exploration [shale gas], I don't know ...
SOCAR to open at least 10 petrol stations in Romania in 2015
Thursday, September 25, 2014
Azerbaijan's state-owned oil company SOCAR plans to open at least 10 petrol stations in the Romanian market next year, Romania SOCAR CEO Hamza Karimov announced on Thursday.'The company will inaugurate another two stations this year in Sibiu and Bistrita respectively', Karimov told a conference organised to celebrate the 20th anniversary of the Azeri state's signing the first oil-drilling contract in collaboration with several international ...
World Bank: Romania plays an important role in reducing greenhouse gas emissions
Thursday, September 25, 2014
Romania plays an important role in what regards the process of reducing greenhouse gas emissions, especially in southeastern Europe, said, on Thursday, Jian Xie, an expert on environment with the World Bank, during a specialist conference.'The World Bank wants to help countries to establish their own policy of countering the effects of greenhouse gas emissions. Although Romania is not a country like China, Germany or France, in what regards its contribution to ...
EU risks wasting billions on gas infrastructure 'white elephants'
Thursday, September 25, 2014
The European Union risks wasting billions of euros on unnecessary gas infrastructure because of pressure to wean itself off Russian energy after the Ukraine crisis, new research has found. Gas pipelines paid for by the Connecting Europe Facility (CEF), a funding mechanism to drive cross-border infrastructure, will be left “stranded” because there will not be enough demand for the gas they transport, according to environmental think ...
OMV Petrom finalised the modernisation of the Petrobrazi Ploiesti refinery after investments of 600 million euro
Thursday, September 18, 2014
The oil company OMV Petrom announced on Saturday the finalisation of the modernisation programme of the Petrobrazi Ploiesti refinery, after investments of 600 million euro developed during the last four ...
Solar panels made in a factory in Buzau county successfully competes against products from western Europe
Thursday, September 18, 2014
The young entrepreneur Silviu Iordache, single shareholder of a Buzau company for solar panels aims with the help of the programme ‘ Casa Verde’ (the green house) a turnover of one million euro for 2014, up by 2.5 times against the sum of 400,000 euro obtained in ...
Energy minister: Romania cannot take legal steps against Gazprom, intermediaries run the imports
Thursday, September 18, 2014
Romania cannot take legal steps against Gazprom for reducing the supply of natural gas, because imports are operated by intermediate companies, also controlled by Russia, Minister Delegate for Energy Razvan Nicolescu said in an interview to the RFI radio station on Wednesday.Romanian companies have no direct contracts with Gazprom, but with Imex Oil, a subsidiary of the Russian group Conef, and with WIEE, a joint venture of Gazprom with the German company ...
Antic: Romania stands ready to deliver Serbia electricity, coal
Thursday, September 18, 2014
Romania stands ready to deliver Serbia electric power and coal for the country’s power plants at the best possible price during the upcoming winter if needs arise, Serbian Minister of Energy and Mining Aleksandar Antic told Tanjug on Monday. Romanian Energy Minister Razvan-Eugen Nicolescu said that the Romanian government would provide all the support and approval of permits if ...
Conpet, Serbia's Transnafta to ready in three months viability study on Pitesti - Pancevo oil pipeline
Thursday, September 18, 2014
Romania's Conpet - whose core activity is the transport of crude oil, rich gas, ethane and condensate through pipelines and by railway tanks - and Serbia's peer company Transnafta will complete in the coming three months the economic analysis on the viability of an oil pipeline that could link the city of Pitesti to Pancevo, informs a release ...
Minister-delegate for Energy Nicolescu: We will suggest suspension of schedule for household gas price liberalisation
Thursday, September 18, 2014
The Department of Energy will come up with a draft governmental decision under which the schedule for the liberalisation of the household natural gas prices would be put on hold, following two weeks of public debate, Minister-delegate for Energy Razvan Nicolescu told a conference on Tuesday organised by the Bursa Media Group.'Household natural gas prices are currently a worry and the deadline Romania has undertaken for liberalisation, December 31, 2018, is one of ...
Germany funds with 3.9 million euro a windpower park in Romania
Thursday, September 18, 2014
The ministry of environment of Germany will contribute with up to 3.9 million euro for the financing of a wind power project close to Tomnatic, Bihor county as part of the efforts to protect the environment by the reduction of carbon dioxide emissions. The project includes the construction of four wind turbines of 2.5 MW ...
EurActiv: The climate: biggest loser of the new Commission?
Thursday, September 18, 2014
The nomination of Miguel Arias Cañete for the position of Commissioner for Climate Action and Energy has been roundly criticised. Spain's Equo party is not beating around the bush on the issue. Their spokesperson announced that the nomination of Miguel Arias Cañete as European Commissioner for Climate Action ...
PM Ponta: True battle against Russia involves energy, not conventional weapons
Thursday, September 11, 2014
Romania has to consolidate its energy security, as 'the true battle against Russia will be fought with energy, not with conventional weapons,' Prime Minister Victor Ponta said on Monday.'There is an economic field where Romania took huge steps, and where it has to make further ones; where the support of American companies is strong. It's the energy industry. We have growth in agriculture; we have growth in industrial production; we have growth in exports. All ...
Buzek: Energy independence is the best sanction against Russia
Thursday, September 11, 2014
New Council President Donald Tusk is a proponent of a European Energy Union, aimed at achieving more independence from Russia. It is difficult to imagine a more devoted advocate of progress in this area than Tusk, Jerzy Buzek, MEP and former President of the European Parliament, told EurActiv in an exclusive interview. An engineer by training, Jerzy Buzek is one of Poland's best-known politicians. He was a ...
Moldova, Romania to Expand Iasi-Ungheni Pipeline to Chisinau With Aid From EU
Thursday, September 11, 2014
According to RIA Novosti agency, the European Union will allocate 10 million euros ($12.9 million) to expand the Iasi-Ungheni pipeline to Chisinau, the official website of the ...
PM Ponta: New oil royalties system to be discussed after the November visit of IMF delegation
Thursday, September 11, 2014
Prime Minister Victor Ponta on Wednesday announced that the new oil royalties system will be submitted for public debate as soon as the official visit of the International Monetary Fund (IMF), the European Commission (EC) and the World bank (WB) delegations scheduled for this November ends. 'Definitely that the report the Ministry of Finance is working on right now with help from the World Bank will be discussed immediately after the next official visit of the EC, ...
Electricity consumption down 1.2 pct, exports up about 3 bln KWh, Jan.-July, 2014
Thursday, September 11, 2014
Total electricity consumption in Romania stood at 28.931 billion KWh in the first seven months of 2014, down 1.2 percent compared to the similar period of 2013, shows preliminary data released on Wednesday by the National Statistics Institute (INS).Public lighting dropped by 24.9 percent, and household consumption fell 1.9 percent in the aforementioned period. The export of electricity exceeded 3.712 billion KWh, up 2.982 billion KWh.The ...
China Nuclear Power Corporation, the single bidder for the construction of reactors 3 and 4 at Cernavoda
Thursday, September 11, 2014
China Nuclear Power Corporation is the single company that has submitted an offer to participate in the tender organised by the Romanian state for the construction of the reactors 3 and 4 at Cernavoda nuclear plant (southeastern Romania), the general manager of the National Company Nuclearelectrica, Daniela Lulache, made the announcement on Tuesday.China General Nuclear Power Corporation (CGN) operates 11 nuclear units of 11,620 MW each and another 15,000 MW under ...
Bilfinger receives orders worth over €90 million
Thursday, September 11, 2014
Bilfinger has won two orders in Romania and Norway with a total value of over €90 million. With these new contracts, Bilfinger has strengthened its position in Eastern Europe and bolstered its position as market leader in Scandinavia. Romania In Romania, Bilfinger will deliver two complete plants as part of a joint venture for the production of ...