RSS
Energy & Environment
Romania to ask Commission to rethink methane emissions reduction proposal
Thursday, November 9, 2023
Bucharest intends to ask the European Commission to revise the proposed legislation to reduce methane emissions because Romania would face high costs compared to other member states, as Energy Minister Sebastian Burduja announced on Tuesday, www.euractiv.com informs. The new proposal will result in over €1 billion expenses for Romania, impacting both industries and consumers. “We ...
Copper Beech invests 745M RON in Giurgiu solar park
Thursday, November 9, 2023
Copper Beech Urban Development is planning a major investment of 745 million RON in the development of a next generation photovoltaic park. With a capacity of more than 130 MWe, the solar project represents the entry into the renewable energy sector in Romania of well-known British businessman Dinesh Dhamija, founder and chairman of Cooper Beech Group. The total investment for the solar power plant planned by Dinesh Dhamija is estimated at more than 745 million RON, of which more than ...
FPPG: Romania has potential to be largest gas producer in Europe
Thursday, November 9, 2023
Romania has the potential to be, at the Black Sea, the largest gas producer in Europe and to have a very important contribution in terms of security of supply, if we look at the carbon storage part, Oil and Gas Employers' Federation (FPGG) President Frank Neel told a specialist conference."... one [topic] is the carbon storage, where the DG Climate is looking at real force and to put an obligation. Here, again we can compare at what happened over the past 12 months between ...
Romania has at least ten European firsts in natural gas sector, Neptun Deep, flagship project
Thursday, November 9, 2023
Romania has at least ten European firsts in the natural gas sector and is on the verge of becoming the first gas producer in Europe from 2027, Energy Minister Sebastian Burduja said on Tuesday."We are the third largest gas market in the world, this is a certain history. We are the country that had the first gas compression station, the first gas storage field, the first gas regulation and measurement station, the first country to exploit the gas from the Black Sea, the BSOG ...
Newly established Honorary Energy Council - tasked with shaping Romania's energy strategy
Thursday, November 9, 2023
Romania's energy strategy is the principal topic on the agenda of the Honorary Energy Council, an independent consultative body that brings together leading Romanian experts in the field, the relevant ministry announced on Friday."The Energy Ministry announces the creation of the Honorary Energy Council, which brings together leading Romanian relevant experts who contribute their experience and knowledge acquired in the private sector, universities and research centers, to ...
Romania's primary energy production drops 3.2 pct in 2022
Thursday, November 9, 2023
Romania's primary energy production was 3.2 percent down in 2022 compared to 2021, imports of energy resources were 2.8 percent up, while the gross domestic energy consumption and the final energy consumption dropped by 7.7 percent and 5.3 percent, respectively, shows data released on Thursday by the National Institute of Statistics (INS).The total energy resources available in 2022 amounted to 42.5 million tons of oil equivalent (toe), down from 2021 due to the ...
Romania and Greece open up to offshore wind farms
Thursday, November 9, 2023
This would result in the first renewable energy production projects in the Black and Aegean Seas, https://www.themayor.eu/ reads. It looks like offshore wind farms could begin popping up in Southeastern Europe after reports came out about plans ...
Volker Raffel: If we want to be less dependent, we have to reduce imports
Thursday, November 9, 2023
We need natural gas, even if we use biomethane or hydrogen, and if we want to reduce emissions at European level and be less dependent, we need to reduce imports, not production, said Volker Raffel, E.ON Romania’s general manager. “It is not a competition between sectors. We need natural gas even if we use biomethane, even if we use hydrogen. If we want to reduce emissions at the European ...
Romania aims to become first country at Black Sea to have offshore wind legislation
Thursday, November 2, 2023
Romania aims to become the first country bordering the Black Sea to have legislation in the offshore wind sector, said National Energy Regulatory Authority (ANRE) President George-Sergiu Niculescu, at the Global Wind Offshore Regulators Forum in the US.He said that by the end of the year the draft law could be submitted to Parliament for adoption, in order to create the necessary legal framework for the development of offshore wind energy investments in the ...
Greenpeace Romania protest in Neptun Deep perimeter area
Thursday, November 2, 2023
Greenpeace activists protested on Tuesday on the Romanian coast, both in water and on land, to draw attention to the risks involved in the Neptun Deep project for biodiversity in the Black Sea.According to a press release from the environmental organization, the protesters marked with a yellow "X" the place where the pipeline from the sea will enter the land and displayed messages such as: "We protect what we love, we protect the Black Sea," "OMV ...
Largest photovoltaic park in southeastern Europe, opens in Ratesti, Arges County
Thursday, November 2, 2023
The largest photovoltaic park in Romania and southeastern Europe, stretching over approximately 170 hectares, was inaugurated on Tuesday in Ratesti, southern Arges County."The benefits of this inauguration are numerous and have a significant impact on Romania," secretary of state in the Ministry of Energy, Marius Neagu said at the inauguration event."We did some studies (...) by which we estimate that in the horizon of 2030 we will have around 45,000 ...
OMV Petrom estimates growing investments in 2023, up to 5.5 billion RON
Thursday, November 2, 2023
The total value of OMV Petrom's investments are estimated for the entire year 2023 to reach 5.5 billion RON, an increase compared to 2022, dedicated mainly to the Neptun Deep project, projects with reduced and zero carbon emissions, as well as the planned general overhaul of the Petrobrazi refinery."The value of investments is estimated to be up to 5.5 billion RON, with higher investments compared to 2022 dedicated mainly to the Neptun Deep project, projects with ...
Coal production down 15.2 pct, imports down 55.4 pct in first 8 months
Thursday, November 2, 2023
Romania's net coal production in the first eight months of this year totalled more than 1.715 million tonnes of oil equivalent (toe), up 15.2% (308,600 toe) from the same period in 2022, according to data centralised by the National Institute of Statistics (INS).In the reporting period, Romania imported 150,500 toe of coal net, by 186,900 toe (55.4%) less y-o-y.According to the National Strategy and Forecast Commission (CNSP) , Romania's coal ...
World Bank Warning: Rising Oil Prices Due To Regional Risks
Thursday, November 2, 2023
The World Bank has warned that the price of oil could see increases in the future, presenting three risk scenarios in a recent report titled “Commodity Markets Outlook.” While the international financial institution expects the global oil price to decrease to an average of $81 per barrel in 2024, it emphasized that an escalation of the conflict in the Middle East could lead to significant oil price hikes. The report outlines three possible ...
Romania collecting a little over 2 bn RON from oil & gas, mineral royalties
Thursday, November 2, 2023
Romania currently collects some 2 billion-plus RON in royalties, with the bulk of the amount - 1.2 billion RON - coming from the exploitation of natural gas, shows data presented by Finance Minister Marcel Bolos at the end of Friday's government meeting."I admit it, we put in that percentage that was agreed upon in the Coalition, of indexing the royalties by inflation, but the same draft ordinance stipulates that the stability clauses of the exploitation ...
Transelectrica: Winter power consumption peaks expected to be around 9,000 MW
Thursday, November 2, 2023
Power consumption peaks this winter are expected to be around 9,000 MW, lower than in previous years, director of National Power Grid Company Transelectrica Virgiliu Ivan on Friday told a conference titled "Challenges of winter 2023 - 2024 for the national energy system", organized by news outlet Focus Energetic.Ivan emphasized that this year, "the fruits" of the new installations connected into the system - of the producers, of the investors who ...
Romgaz: No syncopation in gas supply this winter
Thursday, November 2, 2023
Romgaz is ready for the coming winter, with more than 3 billion cubic meters of gas in storage, and will meet all its obligations without any problems, Romgaz director general Razvan Popescu said on Friday."If we talk about deposits, they are at an extremely high level. We have over 3 billion cubic meters in storage and we are certainly ready for the coming winter. In terms of a safety net, Romgaz still has a natural gas purchase contract with Socar and if ...
EnergMin Burduja: Romania can outlive a moderate winter without energy imports
Thursday, November 2, 2023
Romania can outlive a moderate winter without problems in terms of energy supply and without resorting to imports, Energy Minister Sebastian Burduja said on Friday."In a moderate winter, as specified in the piece of legislation adopted by the government in preparation for the wintertime, Romania can outlive without problems and without resorting to imports. And even more so when it comes to natural gas, where domestic production, albeit smaller in ...
Ingka Investments buys 300-MWp solar project in Romania
Thursday, November 2, 2023
The Netherlands-based firm Ingka Investments has acquired a 300-MWp ready-to-build solar photovoltaic project in Dambovita county, Romanian, it said in a press release on Thursday quoted by https://renewablesnow.com/. The project will require an investment of over EUR 200 million (USD 210.9m). Details about the acquisition were not ...
OMV Petrom delists from London Stock Exchange
Thursday, November 2, 2023
OMV Petrom announces the entry into force of the delisting of GDRs from the standard listing segment of the Official List of the Financial Conduct Authority and the cessation of trading of GDRs on the Main Market of the London Stock Exchange, according to a company report submitted to the Bucharest Stock Exchange (BVB) on last Thursday."Following the current report dated August 24, 2023, the company hereby announces that: all global depository receipts ...