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Energy & Environment
SOCAR opened the 15th filling station in Romania
Thursday, July 4, 2013
SOCAR opened the 15th filling station in the network owned in Romania and has a budget of 50 million euro for the construction of new stations, after buying land, necessary to the expansion, in all the regions of the country, the Azer company announced on Tuesday. ‘The SOCAR investments in the retail network at ...
The NIS group part of Gazprom intends to invest in Romania over 600 million euro in production, exploitation and retail
Thursday, July 4, 2013
The Serbian energy company NIS who, since 2009 has been part of Gazprom, is doing geological prospects in the western part of the country and if the results are positive, they will invest over 500 million euro in production actions and exploitation in the years to come, a high official of Gazprom Neft said. On Friday, a filling station was inaugurated on the Bucuresti Pitesti ...
Gehrlicher Solar completes three photovoltaic parks in Romania
Thursday, July 4, 2013
Gehrlicher Solar German Company on Wednesday announced they completed three photovoltaic parks with a total capacity of nine megawatts in Mures County (360 kilometres north-west from Bucharest), informs a press release.The three photovoltaic parks, which cover a total area of 19 hectares, were completed in only six weeks since the beginning of the works for a private investor. The Company pointed out that these parks would be supported for 15 years ...
Transaction with two wind parks in Romania and Bulgaria in total value of 137.5 million euros
Thursday, July 4, 2013
Danish company Vestas has sold two wind parks in Romania and Bulgaria to LukErg - an association with on parity participation between Lukoil Econergo and Italian company Erg Renew, the transaction having a total value of 137.5 million euros, the law firm Wolf Theiss, who assisted this transaction, informs in a release.The wind parks are located in Romania (Gebeleisis, Galati-east) and in Bulgaria (Hrabrovo, Dobrich). The Wind park in Romania, ...
EnvMin Rovana Plumb: We are suspending waste imports for three months
Thursday, July 4, 2013
Environment Minister, Rovana Plumb, made an announcement according to which she intended to temporary halt waste imports, so that Romania will be able to bring its legislation in this field in line with the European one.‘We will suspend waste imports for three months. Romania was able to obtain a transition interval, until 2015, to allow it implement the necessary procedures related to the import and transfer of waste. During ...
NABUCCO: Shah Deniz II Decision a Setback for Planned European Gas Highway
Thursday, July 4, 2013
NABUCCO Gas Pipeline International GmbH acknowledges the decision by the members of the Shah Deniz II Consortium to select the Trans Adriatic Pipeline as the delivery route for the initial 10 bcm of gas to the Italian market.The decision was based on a competition between two markets and the producers arrived at their choice based on these market considerations. NABUCCO regrets that the new gas highway to Europe as planned will not be realized for ...
Decision to drop Nabucco project is economic, geopolitical, PM Ponta says
Thursday, July 4, 2013
Dropping Nabucco gas pipeline project and selecting the TAP (Trans Adriatic Pipeline) represents an economic and geopolitical decision, visiting Romanian Prime Minister Victor Ponta said on Monday.'I am glad those in Romania have begun learning too. I saw an interview today with Energy Commissioner Guenther Oettinger, who was also clearing things for those in Romania, who were talking nonsense, who were saying that Nabucco hasn't been ...
Gov't willing to give majority block of shares for building Cernavoda reactors 3 and 4
Thursday, July 4, 2013
The Government of Romania is willing to give the majority block of shares for building Cernavoda Nuclear Power Plant's Reactors 3 and 4, since it is about billions of euros worth of investments, visiting Prime Minister Victor Ponta said here on Monday, after talks with China Nuclear Electric executives.'I may say it directly: any company, not just the Chinese company, even if it were about a European company and we would speak of the ...
Romania must urgently change its energy strategy and start shale gas exploitation
Thursday, July 4, 2013
President Traian Basescu said, in Brussels, he informed the European Council that Romania is to redefine its energy policy, pointing out that it has an obligation to speed up the evaluation process and to switch to shale gas exploitation.'Of course, I informed the European Council that Romania is to redefine its energy policy, starting from own resources and without expecting anyone's approval. Without going into details, I can tell you ...
Natural gas price increases by 8 percent for household consumers, by 3 percent for non-household ones
Thursday, July 4, 2013
The regulating committee of the National Energy Regulatory Authority (ANRE) in its meeting on Friday approved the 8 percent increase in the price of natural gas for household consumers and the 3 percent increase for the non-household ones, informs the ANRE.The increase is set in the Order no. 46/2013 on approving the prices for the natural gas regulated supply passed on Friday.According to the ANRE, thanks to the favourable ...
Transelectrica might issue 5-year corporate bonds worth nearly 45 million euros
Thursday, July 4, 2013
Romania's Transelectrica national electricity transmission corporation might release an issue of flat-income five-year corporate bonds worth nearly 45 million euros (RON 200 million)so as to refund existing loans and add more for investment.In a press release to the Bucharest Stock Exchange (BVB), the company's board of directors, at the request of the surveillance board decided to initiate procedures for a first issue of corporate ...
Romania's Government approves Memorandum of cooperation between Romania and Montenegro, in environmental protection area
Thursday, July 4, 2013
Romania's Government adopted the decision for the approval of the Memorandum of understanding between the Governments of Romania and Montenegro, on the cooperation in the area of environmental protection and sustainable development, signed in Bucharest in February 2013, points out an Environment and Climate Changes Ministry (MMSC) release remitted to Agerpres on Friday.Romania and Montenegro will cooperate in the areas of harmonising ...
National Agency for Land Improvements, to be able to supply electricity
Thursday, July 4, 2013
The capacities of the National Agency for Land Improvements (ANIF) were completed with the possibility of conducting the activity of electricity supply, according to a Government Emergency Ordinance the Government adopted on Wednesday.'Moreover, the normative act provides that ANIF should pass on the land improvement infrastructure only as a free loan to organisations, with the possibility, after five years, in the conditions of correct ...
Consortium Rejects Nabucco Pipeline
Thursday, June 27, 2013
An Austrian-led consortium that hoped to build a 1,300 kilometer pipeline to deliver Azeri natural gas from the Caspian Sea to Europe says its plan has been rejected.The consortium, led by the Austrian energy company OMV, said in a statement Wednesday that Azerbaijan's Shah Deniz II consortium had informed it that its proposed Nabucco West pipeline was not chosen. The Nabucco West ...
Azeris deal fresh blow on Nabucco
Thursday, June 27, 2013
Nabucco West has lost the tender process to channel gas from the Caspian Sea to central Europe, Austrian OMV, leader of the Nabucco West project, announced yesterday in a press statement. Nabucco West has lost the tender process to channel natural gas from the Caspian Sea to central Europe, Austrian ...
WSJ: Nabucco Pipeline Loses Bid For Azeri Gas
Thursday, June 27, 2013
A centerpiece of the European Union's push to limit its reliance on Russian natural gas came to an unsuccessful conclusion Wednesday after the Nabucco West pipeline consortium lost a contest to ship Azeri gas from the Turkish border into the heart of Europe, wsj.com says. Austrian oil and gas company OMV AG, one of the Nabucco partners, ...
Final decision of consortium which operates Shah Deniz gas deposit to be published on June 28
Thursday, June 27, 2013
The final decision of the consortium exploiting the natural gas field Shah Deniz will be made public on June 28, according to the timetable agreed in the selection process of an export route to Europe, announced on Wednesday the Department of Energy of the Ministry of Economy.The Austrian oil group OMV informed, on Wednesday, that West Nabucco gas pipeline project was not selected by Shah Deniz II consortium for supply of gas from ...
For Romania, the diversification of the energy supply resources remains a priority
Thursday, June 27, 2013
The Romanian Foreign Affairs Ministry (MAE) maintains it cooperated closely with the diplomacies of the other states involved in Nabucco project and that this experience would play a relevant role in shaping up some alternative projects and, at the same time, being a valuable exercise of regional cooperation.'The Foreign Affairs Ministry will continue to promote, both in the European Union and on a regional level, the completion of some ...
Law on mines debated by Min Vosganian and World Bank officials
Thursday, June 27, 2013
Economy Minister Varujan Vosganian and a World Bank (WB) delegation met at the Economy Ministry's hqrs, on Wednesday, to discuss the new draft law on mining, which is to allow the shut-down or under conservation mines to resume activity, Economy Ministry press release informs.Minister Vosganian stressed that there is such a draft law approved by the Government and conveyed PM Victor Ponta's desire of the WB support in the process. ...
CCR: Law on Memorandum of Understanding between Romanian State and Rompetrol is constiutional
Thursday, June 27, 2013
Romania's Constitutional Court (CCR) ruled on Wednesday that the Law on Memorandum of Understanding reached between the Romanian State and the Rompetrol Group, is constitutional, compared to the evoked reasons.The decision is final and generally mandatory.End in May, 2013 the Democratic Liberal Party (PDL) officials were contesting the law on the Memorandum.PDL alleged as unconstitutional the provisions of a ...