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Energy & Environment

Romania's electricity resources fall 0.3%, final consumption drops 10.6% in January

Thursday, March 16, 2023

Romania's primary energy resources decreased in January 4.4% and electricity resources went down 0.3% compared to the same period last year, according to data the National Institute of Statistics (INS) released on Tuesday.The main primary energy resources totalled 2.7 million tonnes of oil equivalent (toe) in the reporting period, down 123,300 toe from the first month of 2022.At the same time, domestic production totalled 1.579 million toe, up 21,000 toe (+1.3%) ...

The first Rompetrol integrated service centers and gas stations on the A1 highway (Nadlac-Sibiu section)

Thursday, March 16, 2023

The Kazakh-Romanian Energy Investment Fund (KREIF) and Rompetrol Downstream - the retail structural subdivision of the KMG International Group in Romania, opened today the first four integrated service centers on the A1 highway (Nadlac – Sibiu section), near the town of Pecica (km 558+380, left and right) and town of Orastie (KM 340+500, left and right).   The stations were handed over for equipment, operation and maintenance by The National ...

Romania's crude oil production down 5.8 pct, imports up 27.6 pct in 2022

Thursday, March 16, 2023

  Romania produced more than 2.92 million tonnes of oil equivalent (toe) of crude oil in 2022, by 179,200 toe (-5.8%) less than in 2021, according to data centralised by the National Institute of Statistics (INS).Imports of crude oil in 2022 amounted to 8.7 million toe, by 1.881 million toe (27.6%) higher than in the previous year.The National Commission for Strategy and Prognosis was estimating crude oil production at 3.17 million toe in 2022 (down ...

Energy regulator approves payment of 13.3 bln RON to energy suppliers

Thursday, March 16, 2023

The National Energy Regulatory Authority (ANRE) verified and sent for settlement from the state budget 13.3 billion RON due in compensation to energy suppliers, by 450.814 million RON more compared to the previous week, ANRE informs in a release.Thus, according to OUG No. 118/2021 (November 2021 - March 2022), 345 applications were submitted by 80 companies; of these 288 were approved and the rest were declared ineligible. The amount transferred to the Energy Ministry was ...

The net profit of Electrica Group was last year 559 million lei

Thursday, March 9, 2023

The net profit of Electrica Group in 2022 was, at consolidated level558.8 million lei, as compared to a loss of 552.9 million in 2021. The revenues of Electrica Group reached a level of 10.01 billion lei, higher by 39.4% against 2021.   Electrica Group distributed in 2022 approximately 17.73 TWh ( dropping by 4% against 2021) to a number of approximately 3.9 million ...

Delgaz Grid, in the E.ON group proposed for this year investments by 36% more than in 2022

Thursday, March 9, 2023

The Delgaz Grid company, part of E.ON group in Romania budgeted for this year investments of 915 million lei (over 180 million euro) by 36% more against the previous year. The funds will mainly go to the modernization, extension, automation and digitization of the distribution networks of natural gas and electricity. The company operates 25,000 km of natural gas network and over 81,000 km of electricity ...

Nuclearelectrica inks agreement with SNC-Lavalin group in Cernavoda Unit 1 refurbishment project

Thursday, March 9, 2023

Nuclearelectrica has selected Candu Energy Inc., a member of the SNC-Lavalin Group, to carry out additional pre-project work for the CANDU reactor of Cernavoda Unit 1, before extending its life span, the company informs.Within the rd 65 million USD two-year agreement, SNC-Lavalin will perform long-term engineering and front-end engineering services, in order to prepare the future refurbishment project of CNE Cernavoda Unit 1. The refurbishment will extend the life ...

AE SOLAR will produce solar panels in Romania

Thursday, March 9, 2023

The German manufacturer of solar panels AE SOLAR will produce solar panels in Romania, through an investment of one billion euros in a factory, according to a statement from the Government. This would be one of the largest investments announced in recent years in Romania.   Prime Minister Nicolae ...

Oil Terminal in talks over EUR 0.8 bln urban regeneration contract with Iulius Group

Thursday, March 9, 2023

Oil Terminal, a company controlled by the Romanian state (60%), received the approval of the Ministry of Energy to kick off negotiations with Iulius Group, controlled by Iulian Dasc?lu, for a massive urban regeneration project in Constanta estimated to cost over EUR 0.8 bln.   The developer will build "hotels, office spaces for the private and public sectors, retail and logistics spaces, systems of ...

Premier Energy to modernize electricity grid around Chisinau

Thursday, March 9, 2023

The European Bank for Reconstruction and Development (EBRD) is lending 30 million dollars to ICS Premier Energy Distribution S.A., Moldova’s largest private electricity distribution system operator, to finance its investment program to 2025 while it modernizes, digitalizes and upgrades the distribution grid in the central and southern parts of the country, including the capital Chisinau.   This loan ...

Contributions of the oil and gas sector to the budget – of almost 10% in H1, 2022

Thursday, March 9, 2023

The total tax contributions paid by the oil and gas sector to the consolidated budget were in the first half of last year (H1) 21.5 billion lei, representing 9.7% of the state’s total revenues, according to a study published by the Employers’ Oil and Gas Federation (FPPG).   In 2021, the contributions were of 29.8 billion lei, representing 7.8% of the state’s total ...

energiaTa launched the first digital platform for the Romanian prosumer community

Thursday, March 9, 2023

Since 22 February, the first digital platform dedicated to those who want to install photovoltaic panels and become prosumers, as well as installers specializing in the assembly and installation of photovoltaic panels, has been operating. The energiaTa ...

Iraqi firm to switch defunct coal plant in Romania to gas, hydrogen

Thursday, March 9, 2023

Mass Group Holding told Romania’s Prime Minister Nicolae Ciuc? it would invest more than EUR 1 billion in turning the Mintia coal plant into a 1.5 GW facility running on gas and hydrogen.   Mass Global Energy Rom, subsidiary of Mass Group Holding from Iraq, agreed in August to buy the decommissioned Mintia coal plant in ...

Romania reduced 29 thousand tons of CO2 emissions in only 3 months

Thursday, March 9, 2023

Between September and December 2022, more than 700 companies in Romania recycled and utilized almost 30,000 tons of waste, thus reducing the level of carbon dioxide (CO2) emissions by more than 29,000 tons, according to a new CO2 calculation platform recently launched by Clean Recycle on the local market.   Thus, over 700 large companies introduced over 46 thousand tons of packaging waste generating CO2 emissions during the ...

PPC to complete takeover of Enel Romania

Thursday, March 9, 2023

The signing of a binding agreement for Public Power Corporation to acquire the assets of its Italian peer Enel in Romania is said to be a matter of hours, https://www.ekathimerini.com/ reports.   By late on Tuesday, according to ...

The minister of energy: Romania is ready to stimulate investments in new production capacties in the domain of renewable and nuclear energy

Thursday, March 2, 2023

Romania is interested in implementing a system of agreements for the purchase of electricity which could ensure predictibility on the market for a long term and stimulate investments in new capacities of production in the domain of renewable and nuclear energy, says the minister of energy, Virgil Popescu.   Similarly, the Romanian official spoke during the reunion about the importance of mechanisms of ...

PM Ciuca: Romania has energy resources to cover present, future needs of citizens and economy

Thursday, March 2, 2023

Prime Minister Nicolae Ciuca coordinated, on Friday, the meeting of the Interdepartmental Working Group for Energy Security (GLISE), which analysed the situation of natural gas reserves, the preparation of stocks for the next period and the status of investment projects to increase energy production and storage capacity.According to a press release issued by the Executive, the measures taken by the Government ensure the natural gas reserves necessary for the ...

Minister Popescu: The natural gas storages of Romania have about 50% filling  level

Thursday, March 2, 2023

The natural gas storages of Romania have about 50% a filling level, which ensures the consumption necessary for the citizens and the economy, wrote the minister of economy, Virgil Popescu on his Facebook page.   'Together with the prime-minister, Nicolae Ciuca we took part on Thursday to the reunion of the Interdepartamental Energy Security Working Group (GLISE). The natural gas storages of Romania have ...

Rompetrol Rafinare posts profit in 2022, with net result of 90.3 million RON

Thursday, March 2, 2023

Rompetrol Rafinare generated, last year, a gross turnover of over 6.5 billion US dollars, an increase of 42%, an operating profit (EBITDA) of approximately 464 million US dollars and a net profit of 90.3 million, compared to losses of 186.8 million US dollars in 2021.According to a company release, Rompetrol Rafinare, a member of the KMG International Group, recorded, in 2022, an improvement in financial indicators, as a result of higher European refining margins ...

Transgaz net profit up 97pct, in 2022

Thursday, March 2, 2023

The National Gas Transmission Company 'TRANSGAZ' S.A obtained a net profit of 368.689 million lei, increasing by 97pct compared to the one registered in 2021, which stood at 186.941 million lei, according to the preliminary individual financial statements on 31 December 2022, published on Tuesday on the website of the Bucharest Stock Exchange (BVB).The preliminary gross profit on 31 December 2022 is 84pct higher, i.e. 201.258 million lei higher than the level ...

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