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Energy & Environment
Romania and Portugal will cooperate within a Work Group in the field of energy
Thursday, October 12, 2023
Romania and Portugal will cooperate within a Work Group in the field of energy, after a Memorandum of Understanding was signed in Lisbon on Monday between the Ministry of the Environment and Climate Action from the Portuguese Republic and the Ministry of Energy from Romania, informs the Ministry of Energy, in a press release quoted by Agerpres. According to the cited source, the Memorandum was signed in ...
Coal production down 14.2% in first seven months of 2023; imports down 55%
Thursday, October 12, 2023
The net production of coal of Romania was, as a total, over the first six months of the year, 1.5 million tons equivalent oil, being 14.2% (248,300 toe) lower than the similar period of 2022, according to the data centralized by the National Institute for Statistics (INS).During the mentioned period, Romania imported 147,200 toe coal with 180, 20 toe (55.6%) less than the quantity imported last year during the same ...
Promateris completed a new solar project
Thursday, October 12, 2023
The Romanian industrial group Promateris has installed a photovoltaic system at its factory in Buftea, Ilfov county, with the help of an investment worth one million euros. “Promateris, Romanian industrial group and leader in Central and Eastern Europe in the production of biodegradable and compostable packaging, announces the completion of the Green Energy project for the manufacture of bio-based ...
OMV Petrom’s gas production decreased by 2.3% in the 3rd quarter of 2023
Thursday, October 12, 2023
OMV Petrom’s gas production amounted to 59,500 boe/day in the third quarter of this year, down 2.3% compared to the same period in 2022, according to preliminary data sent to the Bucharest Stock Exchange on Monday. Total hydrocarbon production amounted to 113,500 boe/day, down 3.16% compared to the same period last year. The production of crude oil and condensate totaled 54,000 boe/day (minus ...
Electrica Furnizare installs a solar project at the Zambelli Metal factory in Covasna
Thursday, October 12, 2023
Electrica Furnizare was chosen by the Zambelli Metal company for the construction of a turnkey photovoltaic plant at the factory in Sfântu Gheorghe, Covasna county. The 656 photovoltaic panels will cover part of the beneficiary’s electricity consumption and will help reduce CO2 emissions by over 88 tons per year, according to a press release from Electrica ...
ANRE : On October 9 gas deposits were 99.72pct full
Thursday, October 12, 2023
Romania's gas deposits were 99.72pct full in early October, with 2.861 cubic metres being stored, meaning that our country will have no problem to cover for its needs this winter, stated the head of the National Regulatory Authority in the Energy Field (ANRE), George Sergiu Niculescu."Gas deposits were 99.72pct full on October 9, with 2.861 cubic metres being stored. This is a a quantity that makes us comfortable to say that there will be no problem ...
Vast Resources Raises GBP1.8 Mln for Romania Mine Costs, Working Capital
Thursday, October 12, 2023
Vast Resources raised 1.8 million pounds ($2.2 million) through share placing for working capital and to meet its obligations in Romania and at a corporate level, https://www.marketwatch.com/ informs. The London-listed mining ...
Energy Ministry: There are 78,000 prosumers recorded to the distribution electric grid
Thursday, October 12, 2023
There are 78,000 prosumers recorded to the electric distribution grid and we have over 1 gigawatt installed , said Dan Dragis Dragan, secretary of state in the Energy Ministry at the event “Environmental & Sustainability Summit”. “There are measures we develop and which can show their progress. The implementation of Directive 944 of December 2021 where we introduced the quantity ...
Study: Investors' access to the electricity production market from renewable sources is difficult
Thursday, October 12, 2023
The participants in the process of connecting to the electricity grid encounter a series of legislative, bureaucratic barriers associated with financing barriers, but also some generated by the insufficient development of the electric transmission and distribution networks, is the conclusion of a study carried out by the Competition Council and the National Regulatory Authority in Energy (ANRE)."We are particularly interested in the process of connecting the ...
RPIA and RWEA complain of unfair competition from state-controlled companies
Thursday, October 12, 2023
The Romanian Photovoltaic Industry Association (RPIA) and the Romanian Wind Energy Association (RWEA), representing manufacturers, developers and service and equipment providers in the renewable energy sector, with a total installed capacity of around 4.5 GW, are calling on the authorities to ensure a level playing field for all renewable energy capacity developers. In a press release, the two ...
Oil production decreases by 4.3% in first seven months of 2023, as do imports
Thursday, October 12, 2023
Romania produced, in the first seven months of 2023, a quantity of 1.636 million tons of oil equivalent (toe), 73,700 toe less (-4.3%) compared to the same period last year, according to centralized data by the National Institute of Statistics (INS).Oil imports rose, in the January-July 2023 period, to 4.42 million toe, being 332,800 toe (-7%) below those recorded in the first seven months of 2022.According to the last Forecast of ...
FPPG: Indexation of oil royalties with inflation will generate a negative impact on national energy security
Thursday, October 12, 2023
Indexation of oil royalties with inflation will generate a negative impact on national energy security, on the Romanian economy and on the revenues of the state budget, claims the Oil and Gas Employers’ Federation (FPPG). “The Oil and Gas Employers’ Federation (FPPG) takes note with great concern of the draft Emergency Ordinance regarding some measures for public ...
Energy Minister: By the end of this year we should have a law for offshore wind energy
Thursday, October 5, 2023
Romania should have a law for offshore wind energy by the end of this year, believes the minister of energy, Sebastian Burduja, who took part on Friday in Berlin, in a meeting with the business environment, organised by the German Chamber of Commerce and Industry. 'Offshore wind. Germany is a leader. Now we are finalising the legislation in Romania as well. I think that next week we will present ...
One billion lei active stock of Hunedoara Energy Complex transferred to Energy Ministry
Thursday, October 5, 2023
Expert Insolventa SRL, as judiciary administrator of Hunedoara Energy Complex Company is in insolvency procedure, transferred shares to the Energy Ministry by completing the mechanism mentioned by Emergency Order 60/2019, the company informs in a press release. This transfer and the sale of Mintia Thermopower Central of December 2022, represent the biggest restructuring of a company of straegic ...
Romania’s photovoltaic boom could backfire because of old power grid
Thursday, October 5, 2023
Romania’s old power grid may not be able to cope with the unprecedented surge in the use of photovoltaic systems which so far has resulted in a volume of 1.063 MW of energy generation. The data derived from the latest quarterly report released by the Romanian Energy Regulatory Authority (ANRE), reveals an average of 263 new connections daily as of July 2023, double ...
EBRD: Moldova Romania Power Interconnection Phase II
Thursday, October 5, 2023
Project Description Up to EUR 33.3 million sovereign loan to the Republic of Moldova, to be on-lent to Moldelectrica, for the (i) construction of a high-voltage electricity transmission line between the city of Balti on the Moldovan territory and the Romanian border, (ii) construction of Balti 400kV substation, (iii) rehabilitation of the existing domestic power transmission network of Moldova, and (iv) ...
EnergyMin Burduja: Nuclear energy is solution for maintaining low price of bills
Thursday, October 5, 2023
The solution for maintaining a low price of bills is nuclear energy, believes the Minister of Energy, Sebastian Burduja.He participated on Thursday in Paris in the "Roadmaps To New Nuclear" international conference, organized by the Nuclear Energy Agency in partnership with the French Ministry of Energy Transition."We have to solve an almost impossible equation with three variables: we want safe, accessible and clean energy. Safe energy means not ...
OMV: Romania is first destination of gas from Black Sea/Transgaz
Thursday, October 5, 2023
Romania will be the first destination of the gas that will be extracted from the Black Sea, one of the directors of OMV Petrom, Lucian Petrescu stated on Thursday but, according to the general director of Transgaz, Ion Sterian, the quantity will not be sufficient, and Romania will continue to import natural gas."As it was said before, the first destination is Romania. Depending on the situation at the time, the balance of production and consumption, we will ...
Romgaz CEO announces digging of new wells at Caragele, investments for another two years
Thursday, October 5, 2023
Romgaz will continue its investments at the Caragele deposit, Buzau county, for another two years, where it will begin digging new deep wells in the coming months, in order to see the "geological truth of this project" considered a priority by the company, announced on Thursday, the director general of Romgaz, Razvan Popescu, at the Central - European Congress of Natural Gas."We tried, on behalf of the Romgaz company, to bring clarity on the evolution ...
Romania will become the largest gas producer in Europe, once the Black Sea is exploited
Thursday, October 5, 2023
Romania will become the largest gas producer in Europe, with the exploitation of gas from the Black Sea, and all these investments must be protected and there should be a predictable climate for investors, the Minister of Energy, Sebastian Burduja, declared in a video message at the Euro-Atlantic Forum for Resilience, on Thursday."All these investments must be protected, they must be safe, and there should also be a predictable climate for investors. At the ...