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Energy & Environment
EC advances infringement procedure against Romania on gas export barriers
Thursday, July 17, 2014
The European Commission moved forward to the second stage of the infringement procedure against Romania, where national laws hinders the natural gas exports; if the Romanian authorities' answer is unsatisfactory, the EC might refer the country to the European Court of Justice, the European Executive points out in a media release.'By obliging the producers in Romania to give priority to sales on the domestic market and by submitting gas transactions to prior control and approval, ...
Imported natural gas 10 pct cheaper from July through September
Thursday, July 17, 2014
Romanian will import natural gas at 340 US dollars per 1000 cubic meters from July through September, which is 10.5 percent cheaper than the Q2 price, according to an estimate of the National Energy Regulatory Authority (ANRE).The document mentions that the April-June price was 380 dollars.'The average import price used for ANRE's calculations for July-September is 1000 USD/1000 cubic meters, equivalent to 32.23 USD/MWh at a high heating value of 10.55 MWh/1000 cubic ...
Regulatory Authority sets quota of gas production to be sold on exchange
Thursday, July 17, 2014
Domestic producers of natural gas have to sell at least 20 percent of their production on a centralized market, according to a draft order of the National Energy Regulatory Authority (ANRE).The Government Emergency Order 35/2014 had set the principle of a minimal quota of the natural gas production for domestic consumption to be sold on the exchange in a transparent and non-discriminatory way. It left to ANRE the decision on the exact figure of this quota, and set the deadline ...
Romanian crude oil imports up 78.6 pct in four months
Thursday, July 17, 2014
Romania imported more than 2.12 million tonnes of oil equivalent (toe) in the four months of 2014, by 932,600 toe (78.6 pct) less than over last Jan-April, show figures centralised by the National Institute for Statistics.The Romanian crude oil production totalled 1.302 million toe in the four months of this year, by 0.5 per cent (7,100 ...
Chevron can continue its activity in Vaslui county
Thursday, July 10, 2014
Iasi court rejected the demand made by the Initiative group of Barlad civil society to suspend the effects of environment accords obtained by Chevron in Vaslui for the exploitation of schist gas. Therefore the oil company may carry out its activity in the county. The Initiative Group of Barlad Civil Society (GISC) lost the trial against ...
Petromidia refinery manufactured the largest quantity of raw material in May
Thursday, July 10, 2014
The Petromidia refinery, part of Rompetrol Rafinare manufactured in May over 465,000 tons of raw material, the highest level since 1979, surpassing by 7% the production record of 14,000 tons per day, after investments of over 1.3 billion dollars for the refinery ...
Romanian petrol price up 5 pct on summer of 2008, when oil had record quotations
Thursday, July 10, 2014
The petrol marketed in Romania currently costs by 5 percent, pre-tax, more than in the summer of 2008, when the oil quotations hit record highs, shows an analysis conducted by Agerpres.Thus, a litre of petrol now sells at the pump for 0.703 euros, pre-tax, on average. At the same time, Brent crude, which is the European market benchmark is quoted at nearly 110 dollars a barrel.This compares to July of 2008, when the crude price hit an all-time high of 147 ...
Energy minister sends Inspecting Corps reports on Nuclear Activities Public Company to court
Thursday, July 10, 2014
Minister-delegate for Energy Razvan Nicolescu has decided to send the Prosecutors' Office attached to the High Court of Cassation and Justice the reports received from his Inspecting Corps, following checks carried out at the Nuclear Activities Public Company (RAAN) based in Drobeta-Turnu Severin (southwestern Romania), the Energy Department announced in a release .The reports drawn up by the Inspecting Corps are aimed at the manner that certain investment works ...
Romania's net coal production down 17.4 pct in January-April 2014
Thursday, July 10, 2014
Romania's net coal production totaled 7.265 million tonnes of oil equivalent (toe) in the first four months of the year, by 17.4 per cent (1.525 million toe) less compared with the same period of last year, according to the data centralised by the National Institute of Statistics (INS). In the mentioned period, Romania imported 360,900 toe of net coal, by 22,800 toe (6.7 per cent) more compared with the quantity imported in the same interval a year ...
Analyst: Romania, only CEE country that can survive without Russian gas
Thursday, July 10, 2014
Overreliance on Russian gas leaves Europe vulnerable if the conflict with Ukraine escalates, and it is eastern Europe that is most at risk, analysts have warned, quoted by ...
Gazprom puts on a tender face
Thursday, July 10, 2014
Gazprom has appointed a new head of its export division, effectively the world's most powerful gas trader: Elena Burmistrova, who was swiftly ushered in to talks with President Vladimir Putin. Credited with helping to clinch the $400 billion (€293 billion) ...
Minister of Economy hoping to sign agreement with Chinese company for Cernavoda units 3, 4 by spring 2015
Thursday, July 10, 2014
Romania hopes to reach an agreement with China General Nuclear Power Holding Corp. regarding the construction of two new reactors for the nuclear power plant in Cernavoda until spring 2015 at the latest, Romanian Minister of Economy Constantin Nita declared in an interview for Bloomberg.The Minister of Economy mentioned that Romania is determined to go ahead with plans regarding the construction of new reactors for the power plant in Cernavoda with the intent to ...
Romania hydro-electric power consumption accounts for world 0.4 pct last year
Thursday, July 10, 2014
The Romanian hydro-electric power consumption went up last year by 24.2 percent to 3.4 million tonnes of oil equivalent, accounting for 0.4 percent of the world consumption, show figures centralized by British Petroleum.In the last ten years, the highest hydro-power consumption was recorded in 2005 and 2010 at 4.6 million toe.The largest hydro-electric power consumer last year was China with 206.9 million toe.The European Union hydro-power ...
Renewable energy consumption in Romania up 75.7 pct in 2013
Thursday, July 10, 2014
The Romanian renewable energy consumption stood at 1.1 million tonnes of oil equivalent in 2013, up 75.5 percent from 2012, accounting for 0.4 percent of the world consumption on this segment, according to statistic figures released by British Petroleum company.The highest renewable energy consumption last year was recorded in the United States at 58.6 million toe, China - ...
The money from the privatization of Electrica invested in grids and automation
Thursday, July 10, 2014
Most of the money obtained from the privatization of Electrica will be invested, says Alexandra Borislavschi, Managing Director, Corporate Finance and Governance, Electrica. “Half the money will go towards improving the grids and much of the other half in automation,” said Borislavschi. Meanwhile, Gabriel ...
The pipeline to bring gas from the Black Sea will cost 255 million euro
Thursday, July 3, 2014
The pipeline which will bring gas from the Black Sea starting with 2019 – 2020 will cost 255 million euro and will have a length of almost 250 km, stated on Tuesday Ciprian Alic, the manager of the Department for European Funds and International Relations in Trangaz, at a conference on the issue of energy strategy of ...
The Iasi-Ungheni pipeline will be finalised on 15 August
Thursday, July 3, 2014
The gas pipeline Iasi-Ungheni through which the Republic of Moldova will import resources from Romania will be finalised by 15 August, so that Romania exports through this pipeline almost 1-2% of the national production, in the first stage, stated on Tuesday the minister for energy Razvan Nicolescu, in a conference on the issue of energy strategy ...
Hidroelectrica sells in September 27 micro-hydropower stations
Thursday, July 3, 2014
Hidroelectrica will sell as a bid between 15- 18 September 2014, 27 hydro-power stations of small power,with total installed power of 20.3 MW and project energy of 60,6 ...
RENEXPO® SOUTH-EAST EUROPE – Faces Challenges and Supports Clean Energy in 2014
Thursday, July 3, 2014
RENEXPO® SOUTH-EAST EUROPE the biggest and most important event on renewable energy and energy efficiency in Romania comes back in 2014 th th st with the 7 edition between the 19 - 21 of November to the Palace Hall in Bucharest. The event created tradition for over 7 years in Romania and offers the best platform for successful business in terms of trade fair, conferences and side ...
PM Ponta explains gas price rise triggered by higher imports from Russia, not gov't measure
Thursday, July 3, 2014
Prime Minister Victor Ponta on Wednesday stated, in the beginning of the government meeting, that the natural gas price increase is triggered by the higher imports from Russia.'Congratulations to all those who helped us slashing price for electricity. However, I noticed that no one thought that the government had any merit in this, while a headline appeared immediately saying that the government is increasing the gas price. We didn't ...