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Energy & Environment
Romania's population not to suffer from lack of natural gas in 2014 - 2015 winter
Thursday, July 3, 2014
Romania's population will not suffer from lack of natural gas during this year's winter, in the event Russia would no longer supply gas to Romania, Minister-Delegate for Energy Razvan Nicolescu told a financial-banking seminar organized by BCR late last week. 'In the case of the worst scenario, Romania's population will not suffer. Moreover, the utilities that provide heating and hot water will not be affected this winter either. We also have the option to power ...
Energy industry needs 30 to 50 bln euros investments over 20 years (minister)
Thursday, July 3, 2014
Romania's energy industry needs investments of 30 to 50 billion euros over the next 20 years, according to calculations of the Department of Energy mentioned by Minister Delegate for Energy Razvan Nicolescu at a finance and banking seminar organized by the Romanian Commercial Bank (BCR) on Friday.'Our calculations show that investments between 30 and 50 billion euros are necessary in the energy sector over the next 20 years. It is almost out of question for the ...
Mineral Resources Agency to launch new bidding round for 36 oil blocks
Thursday, July 3, 2014
The National Agency for Mineral Resources (ANRM) will soon launch a new bidding round for 36 oil blocks of which 28 are onshore and the rest are offshore in the Black Sea, including in deep water areas, the institution's president Gheorghe Dutu on Thursday told Agerpres at the Regional Energy Forum FOREN 2014. 'We are preparing for the eleventh round of securing farmout agreements, where we will tender 36 new blocks, of which 28 onshore and the others in the Black ...
AGRI feasibility study to be ready in two weeks at most
Thursday, July 3, 2014
The feasibility study for the AGRI project by which Azeri natural gas will reach Romania in liquefied state will be ready in the next two weeks, when all the project costs are also going to be known, State Secretary at the Energy Department Mihai Albulescu told Agerpres on Thursday.'The feasibility study is almost ready, we are now waiting for the experts' conclusions. In two weeks at the most we will know absolutely all data relating this project: total costs, a ...
Competition Council to check into the acquisition of Congaz share package by GDF Sues Energy Romania
Thursday, July 3, 2014
The Competition Council is currently checking into the compliance with the law of the economic concentration to result from the acquisition of the majority share package (57.18 per cent) in Congaz by GDF Suez Energy Romania. According to a press release, the main shareholders of Congaz (before the transaction) are GDF Suez Energy Romania (28.59 per cent), E.ON Ruhrgas International GMBH (28.59 per cent) and OMV Petrom (28.59 per cent).The remaining ...
RWE opened an energy supply subsidiary in Romania
Thursday, July 3, 2014
The German RWE Group with operations on the electricity and gas market is expanding its electricity retail business to the Romanian market. In the following years, the newly launched Romanian subsidiary RWE Energie is planning to gain a noticeable market share as a non-incumbent provider. RWE had already set up three years ago a branch in Oradea through its Hungarian subsidiary MASZ to look into the market opportunities ...
Electrica loses energy exporter from Serbia: Rudnap asked to withdraw supply license
Thursday, June 26, 2014
The Serbian company Rudnap, which exported significant quantities of energy from Romania to Serbia between 2010-2011, asked ANRE to withdraw the supply license after stopping its activity in the energy market. The Rudnap license was withdrawn on Wednesday by ANRE. The company bought energy from Electrica which it sold for export. The ...
Electricity 3 pct cheaper for companies from July 1
Thursday, June 26, 2014
The electricity price paid by industrial consumers will drop by 3 percent on average as of July 1, whereas the price for households will remain the same, Romanian Energy Regulatory Authority (ANRE) President Nicolae Havrilet told the Regional Energy Forum (FOREN) on Wednesday. On June 18, ANRE Vice President Emil Calota had announced that the regulated electricity price paid by households will decrease as of July 2014 due to a gradual reimbursement of ...
ANRE: price of natural gas - up. 2.5% for population, 1.5% for companies, as of July 1
Thursday, June 26, 2014
The price of natural gas for population will go up by 2.5% as of July 1, and for industrial consumers will increase by 1.5%, Niculae Havrilet, the National Energy Regulatory (ANRE) President, told on Wednesday the Regional Energy Forum FOREN 2014.'Prudentially, we have decided to increase the share of imported gas in July, given the conflict between Russia and Ukraine, so that we will reach an import of 10% of consumption, especially for storing the gas and ...
FOREN 2014: Energy distribution to household consumers to become competitive
Thursday, June 26, 2014
Energy suppliers are increasingly interested in the electricity distribution to household consumers who want to enter the free market, and this activity will become competitive in a not-so-distant future, Ion Lungu, chairman of the Association of Electrical Energy Suppliers in Romania (AFEER), said on Tuesday at the European Energy Forum (FOREN) 2014.'For the eight implicit suppliers it is not a problem, because they have all the necessary infrastructure. The ...
Energy consumers to qualify for energy performance contracts to cut bills
Thursday, June 26, 2014
As of Tuesday, energy consumers will be allowed to conclude energy performance contracts with specialist companies to cut utility bills, Chairman of the National Romanian Committee of the World Energy Council Iulian Iancu told a FOREN 2014 Regional Energy Forum.'Today is the final vote on the energy efficiency law. Its most important element is the energy performance contract. That is, from now on, any consumer that is no energy expert and want his or her utility ...
World Energy Council: Europe should forget illusion of cheap energy
Thursday, June 26, 2014
Europe should forget the illusion of benefitting from cheaper energy in the future, strengthen its institutions, and advance in the innovation chapter in order to draw investments, Christoph Frei, World Energy Council (WEC) Secretary General, said on Tuesday at the European Energy Forum (FOREN) 2014 in Bucharest.He showed that each region of the world has its own specific and in Europe's case we cannot speak of cheap energy and cheap labour force.If we ...
China Industrial and Commercial Bank to fund Cernavoda units 3 and 4 completion
Thursday, June 26, 2014
Romanian Deputy Prime Minister Liviu Dragnea announced on Monday that the Industrial and Commercial Bank of China will fund the projects agreed by the Romanian and Chinese prime ministers a year ago, with the first investments to be made in a coal-based heating plant at Rovinari and the Cernavoda Nuclear Power Plant's units 3 and 4.'The Chinese side has stated the bank's very clear interest and decision to ...
EcoMin Nita confident talks with Chinese partners on Cernavoda reactors will be finalized this year
Thursday, June 26, 2014
Talks with the Chinese partners regarding the planned investment in reactors 3 and 4 of the Cernavoda nuclear power plant will be finalized in the last part of this year, said Minister of Economy Constantin Nita, after a meeting with a delegation headed by Chinese Minister of Energy Wu Xinxiong.The visiting delegation also included representatives of China's National Energy Administration and of China General Nuclear Power Group (CGN).'This is the ...
Romgaz currently has no objective regarding shale gas
Thursday, June 26, 2014
Romgaz has currently no objective regarding exploration or exploitation of shale gas reserves and, for the moment, the potential of shale gas reserves that Romania has is not known, said on Thursday, in a press conference in Medias, Romgaz General Director Virgil Metea.'Romgaz, at this moment, has no objective regarding shale gas. Activity in the traditional fields is sufficiently intense and our investment programs are oriented towards that sector. We are in a ...
Domestic production, storage facilities can meet gas demand
Thursday, June 26, 2014
Deputy Director General of the Romania's Romgaz National Natural Gas Corporation Dumitru Rotar on Thursday said that Romania's domestic gas production and storage facilities can meet the domestic demand for gas, even in wintertime, statistically speaking, amidst the ongoing situation in Ukraine.'You should remember that we have already weathered two crises: in 2006, when deliveries were partially halted, and in 2009, when they were completely halted. You should ...
Jonas Puck (WU Executive Academy): There is expansion across all types of energy
Thursday, June 26, 2014
Framing energy as a lever for positive growth and change within the business and not simply a cost is a mandatory step for companies interested in preparing themselves for the transformations the energy sector will face over the next decades. Mr. Jonas Puck, professor of International Business at the Vienna University of Economics and ...
New research casts doubt on energy performance certificates regime
Thursday, June 26, 2014
The current system of certifying buildings according to their energy performance is beset by patchy enforcement, wildly-varying certificate costs, a laissez-faire attitude towards displaying information, and a lack of trained inspectors, according to the preliminary findings of a study by the Buildings Performance Institute Europe (BPIE). Countries in the EU are obliged to label all public authority buildings and properties bought, sold or rented for ...
16 oil and gas companies open dialogue for the future of Romanian O&G industry
Thursday, June 26, 2014
Romanian Petroleum Exploration and Production Companies Association – ROPEPCA have been officialy launched with a Open Media Day. “Our mission is providing a unitary position for the onshore Upstream oil and gas sector in Romania as well as increasing the awareness on the industry and its importance in terms of positive effects on the economy and job creation”, Tom Holst, president ...
Electricity, cheaper from July
Thursday, June 19, 2014
The regulated electricity price will decrease as of July 2014, after the component of green certificates has been paid twice by end-consumers for six months, said, on Wednesday, the National Energy Regulatory Authority (ANRE) Vice President Emil Calota. Asked whether the price would be significant, he said that a final decision on the percentage of the price cut would be taken in the meeting of the Regulatory Committee in the coming period. The ANRE ...