RSS
Energy & Environment
Panfora Oil & Gas and Prospectiuni ready to conduct surface measurement in EX-6 Curtici perimeter
Thursday, January 30, 2014
Ø Panfora Oil & Gas has commissioned Prospectiuni geophysical surveyor to conduct surface measurement in the EX-6 Curtici block ...
Studies are being conducted for commencement of Tarnita-Lapustesti hydropower plant project
Thursday, January 30, 2014
Ambassador of the People's Republic of China in Romania, Ms. Huo Yuzhen, declared on Friday in Cluj-Napoca (northwest of Bucharest) in connection with the envisaged Tarnita-Lapustesti hydropower plant project that studies are currently being conducted for the investment to start as soon as possible.The Ambassador said that both the governments in Bucharest and Beijing attach great importance to this project.The parties signed last year a memorandum of ...
Romania, Turkey sign memorandum on electric energy transport
Thursday, January 30, 2014
Minister-delegate for Energy Constantin Nita and Turkish Minister of Energy and Natural Resources Taner Yildiz on Thursday signed a Memorandum of Understanding on cooperation in the development of interconnections in the electric energy sector, which will allow the setting up of an alternative facility for the exchange of electricity between the two countries, including via a submarine cable, the Economy Ministry informs in a release.The two ministers approached ...
Romania could save up to 7 billion euro by applying energy efficiency measures
Thursday, January 30, 2014
Romania consumes 2.5 times more energy per GDP unit compared to EU average and could save between 5 and 7 billion euro on the long run if it applied measures of energy efficiency, which could be the equivalent of 4-6% of GDP without additional energy consumption. “Energy losses in the industrial sector reach 30-35% of consumed ...
Romanian Investors Council asks for postponement of liberalisation of gas price for companies
Thursday, January 30, 2014
The International Monetary Fund (IMF) delegation in Bucharest on Thursday met with the representatives of the Romanian Investors Council (CIR) to discuss such matters related to taxation and the liberalisation of natural gas prices.'We talked about the VAT issue, the CAS issue, agriculture, industry, energy and gas sectors [...] Of which they [the representatives of the IMF, editor's note) knew quite little in the past year and a half [...] Romania didn't adopt ...
Gov't adopts resolution approving Memorandum with Rompetrol
Thursday, January 23, 2014
The Government passed a resolution approving the transaction agreed upon in the Memorandum of Understanding between the Romanian state and The Rompetrol Group N.V., signed in Bucharest on February 15, 2013, as well as specific measures for its implementation, reads a Government release .This resolution brings an 'amicable and mutually beneficial' settlement to the litigations pending before courts between the Finance Ministry and Rompetrol Group N.V. ...
Chinese company to invest 300 M euros to extend Nuclear Activities Company infrastructure
Thursday, January 23, 2014
Chinese company HiSun PV Technology Co.Ltd plans to invest around 300 million euros in extending Romag-Termo Heating Plant owned by the Nuclear Activities Public Company (RAAN), Social Democrat deputy Rodin Traicu told Agerpres on Tuesday.He explained the Chinese will build an energy group with 290 megawatt installed power and the electricity produced by it will be delivered to the National Energy System of Romania.'On ...
Lucia Varga: Authorizations for SHP projects in protected areas suspended as of Jan 31
Thursday, January 23, 2014
New projects for the development of small hydropower stations will no longer receive approvals and permits as of Jan. 31 if they are supposed to be located in protected areas, provides a protocol signed on Tuesday by Minister-delegate for Water, Forests and Fisheries Lucia Varga and World Wide Fund (WWF) Romania Country manager Csibi Magor.'Together with WWF we agreed to suspend, beginning January 31, 2014, approvals for the ...
Electricity production capacity will grow by 20% until 2020
Thursday, January 23, 2014
Electricity production capacity in Romania will grow in the next 6 years by 19%, when units of 5,000 MW are commissioned and low capacity power plants are taken out of use.“Upon commissioning an investment that represents a new electricity production unit, an existing unit equivalent to 25% of the capacity of the new unit is put out of use,” according to a government ...
Europe to America: We Want Your Gas
Thursday, January 23, 2014
Nations are forming a coalition with the U.S. energy industry to lobby for more natural-gas exports. Citing economic and national security woes, more than a dozen European nations are ramping up pressure on ...
Romania could deliver Republic of Moldova electricity from 2015
Thursday, January 23, 2014
Romania could deliver the Republic of Moldova electricity from 2015, following investments aimed at linking the electric lines at Isaccea - Vulcanesti, visiting Romanian Minister-delegate for Energy Constantin Nita and Moldovan Premier Iurie Leanca said during talks in Chisinau on Monday.The two officials discussed about building the high-voltage lines at Vulcanesti-Isaccea ...
Authorization issued for setting up six new solar farms, biomass-based power plant
Thursday, January 23, 2014
The regulatory committee of the National Energy Regulatory Authority approved authorizations at its meeting from Jan. 15 for setting up six new solar farms and a biomass-based power plant, according to a document published on the institution website.Furthermore, another biomass-based power plant on high-efficiency co-generation was accredited to get green certificates.The Romanian renewable energy production hit a ...
Shale gas firms face binding law if they fail ‘scoreboard’ test
Thursday, January 23, 2014
European countries allowing shale gas drills will have to publish a ‘scoreboard’ showing compliance with ‘best environmental practices’ which could become legally-binding within 18 months, under new EU rules seen by EurActiv. The EU would require extensive public consultations and environmental impact assessments to be undertaken by member countries before any new drills could be allowed, the ...
Efficiency and renewables make Europe competitive, EU study says
Thursday, January 23, 2014
European industry has maintained its global market position thanks to relatively low energy intensity levels and high renewables penetration, according to a study into the continent’s competitiveness due to be released by the European Commission as part of its clean energy package Wednesday (22 January). Renewable energies “help reduce fuel import costs and contribute to improving the energy trade ...
EnergoNuclear to keep operating as Nuclearelectrica-fully owned branch by end-2014
Thursday, January 16, 2014
EnergoNuclear, the company designing Cernavoda Nuclear Power Plant's reactors 3 and 4 will keep on operating as a branch fully owned by nuclear power company Nuclearelectrica by the end of 2014, according to a report sent the Bucharest Stock Exchange.Nuclearelectrica shareholders, during the Shareholders General Assembly earlier this week authorized the company's executives to purchase the ...
Total natural gas demand at 6.8 ml MWh in Q1 2014
Thursday, January 16, 2014
The National Energy Regulatory Authority (ANRE) estimates that demand for natural gas in Q1 2014 will amount to 6.826 million MWh, of which 5.188 million MWh will be covered from domestic production and 1.638 million MWh from imports.According to data published on the ANRE website, the average cost of the mix of domestic and imported natural gas at the intake of the distribution system (storage ...
Rompetrol to process 5.5 m tonnes of crude oil through Petromidia Refinery in 2014, from 4.5 m in 2013
Thursday, January 16, 2014
Navodari-based (Constanta County, southeastern Romania) Petromidia Refinery of Rompetrol Group is going to process a record-quantity of 5.5 million tonnes of crude oil next year and it could return to profit in the following 2-3 years, Rompetrol Vice Chairman, Azamat Zhangulov, told a press conference.'This year we increased our production at the Petromidia Refinery up to a record-level of 4.5 ...
Shale gas between energy independence and street protests
Thursday, January 16, 2014
The Chevron American company has started in 2013 the exploration of the shale gas in Romania, and the issue stirred a national debate, which split Romania into two sides: those who wish the energy independence and those who say that the exploitations will have a negative impact on the environment.Chevron, the second biggest US oil company has won in 2010 the concession of three perimeters in the Constanta County and ...
7th Unconventional Hydrocarbons Summit 2014, Beijing, China
Thursday, January 16, 2014
CDMC Events will be presenting the 7th Unconventional Hydrocarbons Summit on May 29-30, 2014 in Beijing, China. China plans to launch a third round of tenders to develop its shale gas blocks soon and some of the blocks on offer would be less geologically challenging. Compared with the second round of the auction, all the major Chinese ...
ANRE draws up technical code of LNG
Thursday, January 16, 2014
The Romanian Energy Regulatory Authority (ANRE) has drawn up the technical code of liquefied natural gas (LNG), setting up the minimum technical requirements specific for LNG, and defining the state authorities ruling and competent in this field.Romania plans to build a LNG terminal in Constanta (southeast Romania, on the Black Sea shore) within the Azerbaijan - Georgia - Romania Interconnector (AGRI) project.This ...