RSS
Energy & Environment
Gaz Sud: Schools, hospitals might have trouble paying gas bills, in wake of liberalization
Thursday, August 28, 2014
lems for schools and hospitals in the winter, natural gas supplier Gaz Sud Director General Alexandru Bucsa said in an interview with Agerpres.'Because prices will increase, the economy will go downwards, and if next winter is tough, there will be a lot of social dramas around here. Think about hospitals, nurseries, schools. We are talking about state-run institutions, if these consumers have trouble paying their gas bills, normally I ...
Hamza Karimov, SOCAR Romania: We will continue opening new filling stations
Thursday, August 28, 2014
According to Hamza Karimov, CEO SOCAR România, SOCAR continues investments to expand the distribution network in Romania and relies on the Government program for the development of the transport infrastructure. Currently, the Azerbaijani company ...
Yatsenyuk: Russia plans to cut gas to Europe this winter
Thursday, August 28, 2014
Europe faces the increasing threat of a disruption to gas supplies from its main provider Russia this winter due to the crisis in Ukraine, through which almost half of supplies flow. Ukrainian Prime Minister Arseny Yatseniuk said Tuesday (27 August) Kyiv knew of Russian plans to halt gas flows this winter to Europe. "The situation in [Ukraine's] energy sector is difficult. We know of Russia's plans to block [gas] transit even to ...
State-owned companies subordinated to Department for Energy, compelled to draw up development strategies for at least 10 years
Thursday, August 21, 2014
The state-owned companies subordinated to the Department for Energy will be compelled to draw up development strategies for at least 10 years, but also a transparent system for granting sponsorship, reads an Order issued by Minister-Delegate for Energy, Razvan Nicolescu. 'Minister-Delegate for Energy has issued a minister order to strengthen the rules of corporate governance in energy state-owned companies, order that the Privatisation and Management of State ...
Petrom CEO: Decision to force producers to sell gas on exchange distorts the market
Thursday, August 21, 2014
The decision of the authorities to force gas producers to sell part of the production on the exchange distorts the market, as there is not enough demand for this order to be fulfilled, said Mariana Gheorghe, CEO of Petrom, in an interview granted to Agerpres.'This decision is proof that we do not have a liquid market, and this ...
Oil Terminal ends H1 with losses of 1.462 mln lei
Thursday, August 21, 2014
Oil Terminal, the company that operates the oil terminal in Constanta, recorded in H1 2014 losses of 1.462 million lei, three times lower compared to those reported on June 30, 2013, of 4.461 million lei, according to the financial information sent on Thursday to the Bucharest Stock Exchange. The turnover of the company rose by 4% to 50.917 million lei, whilst total ...
EurActiv:South Stream ‘Plan B’ opts for route through Greece and Turkey
Thursday, August 21, 2014
A Russian newspaper has published an article suggesting that the Kremlin-favoured South Stream gas pipeline could drop Bulgaria, Serbia, Hungary, and Slovenia for its route, and instead reach its final destinations, Italy and Austria, through Turkey and Greece. On Monday (18 August), Russian business newspaper Vzglyad published an article by ...
Electrica is planning investments of 6.2 billion lei by 2018
Thursday, August 21, 2014
Electrica’s board has an investment plan of 6.2 billion lei (1.4 billion euros) from 2014 to 2018, mainly in the business of electricity distribution. “Any delay in the implementation of the investment plan, amendments to it, or any budget increases may have a material impact on Electrica’s ...
Cogeneration keeps the 2% share in renewable energy, hampered by the blockage of GC system
Thursday, August 21, 2014
Romania has a huge, but unused potential not only when it comes to economic growth. In the area of electricity and heat cogeneration projects, Romania has several biomass production capacities, but they are not used even at their average potential. Investments in cogeneration projects require two-three ...
The cost of caring for Europe's elderly nuclear plants
Thursday, August 21, 2014
Europe's ageing nuclear fleet will undergo more prolonged outages over the next few years, reducing the reliability of power supply and costing plant operators many millions of dollars. Nuclear power provides about a third of the European Union's electricity ...
Damage of 11 million lei at E.ON Romania due to the theft of natural gas and electricity
Thursday, August 14, 2014
The theft of natural gas and electricity caused the companies E.ON Romania damage of almost 11 million lei in Q1 of 2014, being identified over 2,200 cases of fradulous consumption of gas or electricity. ‘The theft of natural gas and electricity caused the companies E.ON a damage of almost 11 million lei in Q1. In the ...
Hidroelectrica wants to open an office in Beograd and Budapest
Thursday, August 14, 2014
Hidroelectrica wants to open an office in Beograd and Budapest, stated on Thursday Remus Borza, the judicial administrator of the electricity producer. The inauguration of these offices comes in the context where since November the electrity market in Romania will be interconnected with the markets of Hungary, the Czech Republic and ...
RIA Novosti: South Stream to Be Constructed Despite Russia-West Stand-Off – Austrian Energy Group
Thursday, August 14, 2014
The current stand-off between Russia and the West over the situation in Ukraine will not affect the scheduled construction of South Stream gas pipeline, Financial Times reported Sunday quoting the head of the Austrian energy group OMV. "Nobody can tell you not to build a pipeline. ...
Renewable energy facilities reach 4,670 MW capacity in end-H1
Thursday, August 14, 2014
The facilities for energy production from renewable sources reached a total capacity of 4,670 MW at the end of June, 2014, according to the data supplied by Transelectrica.Thus the grid recorded wind power facilities with a 2,769 MW capacity, ...
Rompetrol investments in healthcare, environment exceed 1.5 million dollars over six years
Thursday, August 14, 2014
The KMG International oil company (formerly Rompetrol Group) has invested more than 1.5 million dollars in healthcare and environment projects over the last six years, within the social responsibility programme styled 'Together for everyone', a company release informs.Rompetrol has completed the selection of 14 more projects under the programme; they will be implemented ...
Romanian crude oil imports up 58.8 pct in H1, 2014
Thursday, August 14, 2014
Romania imported about 3 million tonnes of oil equivalent in the first half of 2014, by 1.11 million Toe (58.8 percent) more compared to the same period of last year, show figures centralized by the National Institute for Statistics.The Romanian crude oil production exceeded 1.901 million Toe over Jan.-June, 2014, by 0.8 percent (15,500 toe) less than in the same period ...
Romgaz H1 net profit up 40 pct
Thursday, August 14, 2014
The state-owned natural gas producer and supplier Romgaz posted net profits of 879.95 million lei for the first half of 2014, nearly 40 percent up year-on-year, according to a report to the Bucharest Stock Exchange.The H1 turnover advanced 32.89 percent compared to the similar period of 2013, from 1.9 billion lei to 2.52 billion lei.The H1 output confirmed the ...
Gov't contemplates measures allowing pre-licensing nuclear power sales from Cernavoda Reactors 3 and 4
Thursday, August 14, 2014
The Romanian state is considering the approval of support measures for the project of Reactors 3 and 4 of the Cernavoda nuclear power, including the possibility of selling energy before the units obtain the production license, reads the Strategy for the Continuation of the Project of Units 3 and 4 of the Cernavoda Nuclear Power Plant published on the website of Nuclearelectrica. ...
Natural gas exports to Republic of Moldova could start from mid-August
Thursday, August 14, 2014
Shipments of natural gas to the Republic of Moldova could begin in the second half of August for a price in line with the competitive market, somewhere around 80 lei per MWh, president of the National Energy Regulatory Authority (ANRE) Nicolae Havrilet told the 22nd edition of the Focus on Energy Conferences this Thursday. 'As concerns the export of natural gas to Moldova, the competitive market will set the price somewhere at 80 lei / MWh. Any supplier from the ...
Natural gas price increase possibly smaller than anticipated for households
Thursday, August 14, 2014
The price of natural gas for households might increase from October 1 by less than the 3 percent already stipulated in the liberalization calendar, depending on the lower import trends, National Energy Regulatory Authority (ANRE) President Niculae Havrilet declared on Thursday at the 22nd Focus Energetic Conference.On the other hand, he mentioned, the price of natural gas for non-household consumers will not increase on October 1, and neither will the electricity ...