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Energy & Environment
Romania intends to ask EU for support for energy infrastructure projects
Thursday, July 18, 2013
President Traian Basescu said that Romania intended to ask the European Union for support and financing for other energy infrastructure projects, through the Connecting Europe facility, a clarification that was made during the Tuesday meeting with Gerhard Roiss, chairman of the Petrom supervisory board and OMV managing director. 'Romania's President, Mr Traian Basescu, made it clear that ...
Minister Constantin Nita: Romania can become exporter of natural gas and electric energy
Thursday, July 18, 2013
In the years to come Romania might be an important player on the energy market in the region if it manages to export the excess of natural gas and electric energy, said Minister Delegate for Energy Constantin Nita at Mioveni, Arges County (southern Romania), on Tuesday. In his opinion the natural gas deposits recently discovered in the Black Sea might change Romania from an importer into an ...
Price of electric energy might go down by 7-8 percent by year end
Thursday, July 18, 2013
The value of the electricity bills might go down by 7-8 percent by the end of this year, following the amendment to the law on green certificates, said Minister Delegate for Energy Constantin Nita on Tuesday.'For the time being the cut will be 4.75 percent, as the National Energy Regulatory Authority [ANRE] informed although, in my opinion, it should have been more. But the large number of ...
Lagarde (IMF): Energy market liberalisation will show results on long term
Thursday, July 18, 2013
Romania has done very much as concerns the energy sector and the energy market, however painful it may seem on short term, it will show results on long term, International Monetary Fund (IMF) Managing Director Christine Lagarde said on Tuesday, at the National Bank of Romania (BNR) headquarters.She appreciated what Romania has done as concerns the energy and natural gas sector and the energy ...
Constantin Nita: We will set up energy investment fund
Thursday, July 18, 2013
An investment fund for energy, which will provide the funding for some projects in that field, will be made up of the minority interests that the state holds in energy companies, Minister Delegate for Energy Constantin Nita announced on Tuesday.'We will set up an energy investment fund (...) created through the state's minority interests in all privatized energy companies. Thereafter we will ...
ArcelorMittal Galati has launched a project to reduce specific energy consumption by 15pct, in next five years
Thursday, July 18, 2013
ArcelorMittal Galati has launched the Energize Project with the purpose of reducing specific energy consumption by 15 percent over the next five years, according to a press release on Monday.'We are focused on getting a fair treatment regarding the overtaxing the energy resources. At the same time, we are launching an important set of initiatives, focused exclusively on reducing the consumption ...
Energy minister-delegate: Iasi-Ungheni gas pipeline to be ready by year-end
Thursday, July 18, 2013
The wish of the Governments of Romania and the Republic of Moldova is that the works on the gas pipeline linking Iasi (eastern Romania) to Ungheni, the Republic of Moldova should be ready by year-end, with the investment to stand at around 23-24 million euros, the Romanian Minister-delegate for Energy Constantin Nita said at the end of a meeting with visiting Moldovan Deputy Prime Minister and Economy ...
ANRE estimates 1.2 pct increase in final price for gas for non-household consumers as of October 1
Thursday, July 18, 2013
The National Regulatory Authority in the field of Energy (ANRE) estimates a 1-2 percent increase in the final price for gas for non-household consumers following the liberalisation of October 1, with the increase for household consumer to reach 2 percent, Niculae Havrilet, President of ANRE, told a press conference.'In the case of non-household consumers, we estimate a needed time of 2 years ...
OMV Petrom sells Petrom Distributie Gaze SRL subsidiary
Thursday, July 18, 2013
OMV Petrom, the largest petroleum and gas producer in the South-East of Europe, sold the package of 99.99 percent of the shares of Petrom Distributie Gaze (PDG) SRL to Ligatne SRL, informs an OMV release.The decision is in line with OMV Petrom's strategy of optimising the downstream operations in order to improve efficiency and the gas distribution company did not range within the specific ...
Cernavoda two units produce 4.7 million MWh in first five months of 2013
Thursday, July 11, 2013
The two units of the Nuclear Power Plant at Cernavoda (south-eastern Romania) in the first five months of this year produced more than 4.734 million MWh, of which 4.343 million MWh were delivered to the National Grid, according to the data published on the site of Nuclearelectrica.In the first five months of 2013 Unit 1 produced 2.572 million MWh and delivered 2.366 million MWh, with an average capacity factor amounting to 101.08 ...
Construction on Iasi-Ungheni gas pipeline could start on August 27 PMs Ponta, Leanca, Commissioner Oettinger attending
Thursday, July 11, 2013
Construction on the Iasi-Ungheni natural gas pipeline could start on August 27, in the presence of Romania's Prime Minister Victor Ponta, Moldova's Prime Minister Iurie Leanca and European Commissioner for Energy Guenther Oettinger, Leanca told a joint press conference with Ponta on Tuesday in Bucharest.Leanca said he discussed with Ponta projects related to bilateral cooperation, underscoring that Bucharest and Chisinau have already 'a ...
Government: Mining royalties, higher by 28pct
Thursday, July 11, 2013
Mining royalties have been updated, so that they will be 28 percent higher, according to a decision taken in the meeting on Wednesday by the Executive.'The new taxes will lead to increased revenues to the state budget, by 28 percent higher, in conformity with the inflation rate recorded in the period 2007 to 2012', the Executive informs in a press release.As such, the annual fee for prospecting works is to increase from 250 ...
Genesis Biopartner plans to have in operation at least 10 biogas stations, over next 3-4 years
Thursday, July 11, 2013
Genesis Biopartner has planned to have in operation, over the next 3-4 years, at least 10 biogas stations for cogeneration, said on Tuesday, in a press conference, Michael Dietrich, investor and founder of the company, on the occasion of the launch of the first Romanian station of producing renewable energy in cogeneration, from biogas.'Cogeneration means using both electricity and thermal energy. We have 1 MW installed power, in the ...
Net coal output down 23.4 pct January April 2013
Thursday, July 11, 2013
Romania's net coal output totalled 1.938 million tonnes in oil equivalent (toe), down 28.2 percent (761,900 toe) compared with the same period of last year, according to data centralized by the National Institute of Statistics (INS).Romania imported 239,300 toe of net coal, by 64,400 toe (21.2 percent) less compared with the quantity imported in the same time span last year.According to a report of British Petroleum, ...
Gas imports down 41.2 pct January through May 2013
Thursday, July 11, 2013
Romania imported 698,800 tonnes of usable natural gas in oil equivalent January through May 2013 in, by 41.2 percent (490,600 toe) less compared with the same interval in 2012, according to data centralized by the National Institute of Statistics (INS).Domestic production of natural gas totalled 3.634 million toe in the first five months of the year, by 2,200 toe (0.1 percent) less against the same period last year. Romania's proved reserves ...
EU official: shale gas el dorado out of Europe's reach
Thursday, July 11, 2013
A senior European Commission official has poured cold water on claims that a shale gas boom in Europe would result in de-facto low gas prices. Speaking the day before the European Commission unveiled the preliminary results of a public consultation on the issue, Robin Miege, director of strategy at the ...
EnviMin Plumb: Environment agreement in talks for shale gas exploration, not exploitation
Thursday, July 11, 2013
Minister for Environment and Climate Change Rovana Plumb on Tuesday told a press conference held in the city of Vaslui (east) that the Government is currently discussing only shale gas exploration, not exploitation.The official explained in context that Romania needs energy independence and security, and the prerequisites must be set in place for sustainable economic growth and job creation, assuring that the highest environmental ...
Final consumption of electricity, down 7.7pct in first five months
Thursday, July 11, 2013
Final consumption of electricity was 21.080 billion kWh, down 7.7 percent in first five months of this year compared with the same period last year, according to a press release from the National Institute of Statistics (INS).Public lighting decreased by 9.1 percent, and household consumption decreased by 1.3 percent. According to INS data, the primary energy resources decreased ...
OMV Petrom sets casing drilling world record at Romania's Totea field
Thursday, July 11, 2013
OMV Petrom, the largest oil and gas company in southeastern Europe, set a casing drilling world record both by the column diameter and well depth, informs a company release.The record was certified by Odfjell Well Services for the Totea 4545 well which was drilled with a 20-inch column to a depth of 505 meters in the Totea Deep field in the southern region of Oltenia. This is the first phase in the drilling of well 4545, which is ...
European Union failed to impose Nabucco, says Traian Basescu
Thursday, July 11, 2013
The European Union has failed to impose Nabucco, said on Thursday evening, on Digi24, President Traian Basescu adding that he, personally, fought to the last moment for this project to become operational.'It turned out that the big story of solidarity and of the European policy on energy proved to be only a statement without any backing. I want to be very clear: certainly we're sorry, but I will give you a sweetener, if we discuss it ...