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Energy & Environment
Law that regulates energy production from renewable sources amended by Deputies Chamber
Thursday, December 19, 2013
The plenary session of the Deputies Chamber of Tuesday approved by 243 votes, 46 against and 21 abstentions, the GEO No.57/2013 regarding the amendment of the Law No. 220/2008 on the establishment of the system for the promotion of energy production from renewable sources, meant to balance the maintaining of investments in this field and also the price for electricity from renewable sources.'We are talking about a very important ...
Electrocentrale Bucharest to directly tap into natural gas transmission system as of Jan. 1, 2014
Thursday, December 19, 2013
Electricity and heat producer Electrocentrale Bucharest (Elcen) will be able to directly connect to the natural gas transmission system beginning January 1, 2014, in order to reduce gas acquisition costs, after the National Energy Regulatory Authority (ANRE) amended the relevant legislation.An order that was in effect so far allowed big gas consumers to tap into the national transmission grid (main pipelines) only from April 1, 2014 and ...
Exploration firm Petroceltic reports delays in Romanian drilling operations
Thursday, December 19, 2013
AFRICAN-focused oil and gas company Petroceltic has reported delays in the development of an ...
MOL Group Acquires Offshore Upstream Portfolio in the North Sea Area
Thursday, December 19, 2013
MOL extends with a landmark transaction its upstream portfolio by entering the attractive North Sea region. The offshore assets are acquired from the German BASF Group member Wintershall and are located in the UK North Sea basin. The deal is of strategic value as MOL intends to enhance its offshore experience and achieve further growth in this region, while immediate reserve addition and sizeable mid-term production growth are also ...
GarantiBank refunds 10 million euros to one of largest solar power parks of Romania
Thursday, December 19, 2013
GarantiBank granted a refund worth 10 million euros to Tinmar company for a photovoltaic plant of 10 MW installed power located in Bucsani, Giurgiu County, the project being part of a solar power park of 18.5 MW, one of the largest in Romania, the banks informs.The loan refunds 70 percent of the total investment of 15 million euros and was granted on an almost 10-year period.The project was developed in Bucsani commune of ...
Romanians to pointlessly shell out 13 bln euros for renewable energy in the next 15 years (Alro)
Thursday, December 19, 2013
If the current green certificates scheme is maintained, the Romanians will pointlessly shell out 13 billion euros to renewable energy producers in the next 15 years, given that Romania has already attained the green energy production targets undertaken for 2020, said Marian Nastase, chairman of the Alro Slatina Board of Directors in an interview with Agerpres.He explained that under these circumstances, the subsidy scheme needs to be resized as ...
Ponta: Shale gas exploitation ensures Romania's energy independence
Thursday, December 19, 2013
Prime Minister Victor Ponta on Friday said that the exploitation of shale gas in Romania was the result of a political decision meant to ensure the energy independence of the country.'It is a political decision, that not only Romania made, but also Poland and Lithuania, if I remember correctly, because for us is no longer only a strictly economic issue. (...), it is an energy independence issue, namely related to not being forced to ...
First petroleum refinery established in Romania after 1989
Thursday, December 19, 2013
A family of Arad County (western Romania) established a refinery, West Petrol Rafinare, which represents the first petroleum refinery that has come into view in Romania after 1989, economica.net informs.The refinery has been operating for a month, in Apateu Commune, Arad County, and is self-managed, with a capacity of 250 tonnes per day. Petrom has already become a customer of the business.The couple, Stelian and Marinela ...
Wind Power Romania & Eastern Markets
Thursday, December 12, 2013
Market challenges - boost your business Attend Wind Power Romania & Eastern Markets 2014 and you will go back to the office armed with tactics and tools to deal with the market challenges. You'll discover new strategies for building and optimising your wind power plants. And, you'll ...
Romania’s wind power industry pushes for a clearly stated public choice in favour of the installation of additional wind power from the government
Thursday, December 12, 2013
The new green certificates system “will either revive the wind power market by creating a stable framework or it will kill the market due to a lack of stability and thoroughness in its implementation” according to Nicolas Bruynooghe, Business Development Director, Electrawinds. ...
KPMG: A Guide to Romanian Oil and Gas Taxation
Thursday, December 12, 2013
Taxation has become a more and more demanding issue for companies in the oil and gas industry, especially after the introduction of additional taxes starting from 1 February 2013. 2014 will also represent a milestone because the basis of a new tax system for this sector will be discussed and implemented. The new system should be applicable from 1 January ...
More than 3.5 million green certificates traded January through November 2012 on OPCOM
Thursday, December 12, 2013
The number of green certificated traded January through November on the Centralised Market for Green Certificates reached 3,567,309 units, according to data released by the Romanian electricity market operator OPCOM.The highest number of green certificates were traded in November - 819,569 units. The highest price was recorded in January - 245 lei per certificate, and the lowest in May - 168 lei per certificate.One green ...
Successfully participation in the exhibition of Bucharest'' Renexpo South-East Europe 2013''
Thursday, December 12, 2013
Focused to the goal of supply through years of experience in the development of the PV idea in Romania, the company, Apostolos Bobolas S.A.,successfully participated in the exhibition'' RENEXPO SOUTH EAST EUROPE 2013'' in Bucharest, capital of Romania, a press release sent to ACTMedia informs. The photovoltaic market in Romania is growing ...
Goldwind to provide 20 wind turbines of 50 MW for Mireasa project in Constanta County
Thursday, December 12, 2013
Chinese Group Xinjiang Goldwind Science & Technology will provide 20 wind turbines of 50 megawatts for the Mireasa project in Constanta County (southeast), Bloomberg reports.The first turbine of 2.5 MW has already been installed in the Mireasa wind farm, which is being developed by Monsson Group.The project will be connected to the national power grid by June 2014, Goldwind's representatives have announced.Romanian Minister-Delegate ...
Chevron Resumes Fracking After Romania Protests
Thursday, December 12, 2013
Chevron is back to fracking in Romania after operations were blocked for the second time in two months, and equipment damaged by hundreds of protesters, while riot police stepped in to protect the drilling site, http://oilprice.com informs. ...
Gabriel Resources subsidiary Rosia Montana Gold Corp. being pursued by Romanian prosecutors
Thursday, December 12, 2013
A subsidiary of Gabriel Resources Ltd., a Canadian company that wants to build Europe's biggest open-cast gold mine in Romania, is facing criminal court proceedings in that country, ...
The 7 Eurocents Excise Enforced In January Just For Gas, Delayed For 3 Months For Diesel
Thursday, December 12, 2013
The Government intends to apply the duty of 7 cents just for gasoline and postpone the introduction of the diesel taxes for a period of three months , during which solutions will be sought, announced the Prime Minister Victor Ponta . Ponta said that the Minister for the Budget, Liviu Voinea , went to Brussels for talks with European Commission officials on the subject, having also consultations with the ...
Study: Insulation could save industry €3.5 billion a year
Thursday, December 12, 2013
Better insulation could shave 4% off European industry’s total fuel consumption and emissions bill, a sum worth €3.5 billion a year, says an unpublished report by the Ecofys consultancy.The total cost-effective energy savings potential amounts to 620 ...
The Senate rejected the Law of Mines, but the Deputies’ Chamber has the final decision
Thursday, December 5, 2013
The Senate rejected on Monday the Law of Mines, the framework law for the mining exploitation in Rosia Montana, with 85 votes in favour, against 87 necessary to be voted. Although the USL MPs were supposed to pass the law, they did not manage to get mobilised. At the insistence of PSD the law was voted for the second time, but they did not manage to get the necessary number of votes. The law of mines was altered so that the ...
South Stream bilateral deals breach EU law, Commission says
Thursday, December 5, 2013
EXCLUSIVE / The bilateral agreements for the construction of the Gazprom-favoured South Stream gas pipeline – concluded between Russia, Bulgaria, Serbia, Hungary, Greece, Slovenia, Croatia and Austria – are all in breach of EU law and need to be renegotiated from scratch, the European Commission said Wednesday (4 December). Speaking in the European ...