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Energy & Environment
European Commission gives green light for Romania’s nuke project in Cernavoda
Thursday, December 9, 2010
The European Commission has recently given the green light for the construction of two additional reactors at Romania’s sole nuclear power plant in Cernavoda. Romania, through state-owned nuclear energy company Nuclearelectrica, controls 51 percent in EnergoNuclear, a joint venture set up to build two new reactors at the country’s sole nuclear power plant in Cernavoda.Italy’s Enel, German RWE and Belgian-French group GDF Suez each own 9.15 percent in EnergoNuclear, while ArcelorMittal ...
Execs who transformed largest company in Romania go to Turkey's Petrol Ofisi
Thursday, December 2, 2010
Two of the leading Petrom top managers, who were in the company's management team ever since the privatisation of the oil and gas producer in 2004, have this year left to carry out the reorganisation of OMV's latest acquisition: Petrol Ofisi. "I won't be talking about Petrom today because it is already going in the right direction, of integration. Let's talk about Turkey." This was one of the opening messages conveyed by Wolfgang Ruttenstorfer, CEO of OMV in London, at the latest ...
Gazprom and Transgaz S.A. complete feasibility study on Romanian section of South Stream gas pipeline
Thursday, December 2, 2010
The Gazprom delegation paid a visit to Romania where the negotiations were held with Liviu Pintican, Deputy Director General of Transgaz S.A. and experts from the Romanian company.The meeting pointed out that the feasibility study on the Romanian section of South Stream had been completed. The parties found it worthwhile to further scrutinize the projected gas pipeline construction in Romania.Natural gas has been delivered from Russia to Romania since 1979. In 2009 Gazprom supplied the ...
Bert den Ouden: An Eastern-European common energy market that includes Romania possible in some years
Thursday, December 2, 2010
An Eastern-European common energy market that includes Romania could be possible in some years, Director General of the APX-ENDEX Anglo-Dutch Energy exchange Bert den Ouden, one of the founders of the market coupling concept, told Agerpres on the sidelines of an EMART Energy 2010 conference.The process, he said, entails coupling the national markets and creating a tight connection between the national and the regional exchanges for the trade of energy.Specialists say that ...
Rompetrol has completed a new LPG terminal in Midia Port, in value of 3,8 mln dollars
Thursday, December 2, 2010
Rompetrol, a member of Rompetrol Group, has recently completed the construction of a terminal for liquefied petroleum gas (LPG) in the Port of Midia (south-east, at the Black Sea), the total value of the investment amounting to approximately 3.8 million US dollars. 'The terminal is part of the strategy of Rompetrol Group to expand the import-export capabilities of the Petromidia platform, in the line with the projects already completed in 2008: an expansion of 350 percent of the ...
Consumption of natural gas totals 100.9 million MWh in first 9 months of 2010
Thursday, December 2, 2010
Consumption of natural gas in Romania totalled 100.987 million MWh in the first 9 months of this year, up by some 6% from the same period of last year, when it stood at 95.34 million MWh, according to data centralized by the National Energy Regulatory Authority (ANRE).The internal production of natural gas in September 2010, which was used for consumption, represented 92.29% in total sources, with the first two producers (Romgaz and OMV Petrom) covering 96.67% from this ...
MOL and OMV, the newest gas importers after Arad-Szeged opening
Thursday, December 2, 2010
A MOL-controlled company and a subsidiary of Austria's OMV oil group in August and September joined the exclusive club of natural gas importers, which had so far been made up of only two members, both Russian-held companies. Thus, once the Arad-Szeged pipeline started operating, MOL Trade Energy, the gas selling company of Hungary's MOL oil group, and EconGas, a subsidiary of OMV group, specialised in natural gas trading on several European markets, started bringing gas from Hungary to ...
Bulgaria, Romania to Build Natural Gas Link
Thursday, December 2, 2010
Bulgaria and Romania have planned the project for the construction of an inter-system link for the transfer of natural gas in the section Ruse-Giurgiu. This was stated during the "Energy without frontiers" conference in Sofia on Tuesday. Bulgarian state owned company "Bulgartransgaz" and Romanian Transgaz are ready with the "road map" for the project and have decided to carry it out faster than previously announced. Bulgaria sees this inter-system link as an opportunity to diversify its ...
CO2 certificates worth 15 million euro, stollen from Holcim Romania
Thursday, December 2, 2010
Holcim Romania, one of the biggest cement companies, announced on Tuesday that on November 16, unidentified persons accessed the CO2 certificates held by the company and stollen certificates worth 15 million euro. A million CO2 certificates were transferred in an account in Liechtenstein. Another 600,000 certificates were transferred to a company in Italy that holds CO2 certificates in Italy and Great Brtiain. It seems that a part of these certificates were afterwards transferred to other ...
Final energy price might increase 33 euros per MWh until 2017
Thursday, December 2, 2010
Meeting the assumed targets concerning the renewable energy will affect the final electricity price between 2.5 and 33 euros per megawatthour until 2017, a price difference that is to be paid by the final consumer, Regulatory Department in the Energy Efficiency Field managing director Zoltan Nagy Bege told the Green Energy press conference on Monday. 'The budget for implementing the green certificate scheme between 2010 and 2020 amounts to 10.5 billion euros. It is the amount paid ...
Blueprint for energy security
Thursday, November 25, 2010
Strategy to secure a sustainable EU energy supply and support economic growth over the next decade.Energy 2020 is a plan to cut consumption, boost market competitiveness, secure supplies, meet the EU’s climate change goals and coordinate negotiations with suppliers.As energy demand is expected to rise quickly once the recession ends, the strategy aims to prevent shortages and support economic growth. Consumers will benefit from more competitive prices for oil, gas and electricity.The ...
Energy winter programme to cost over 1.5bn euro
Thursday, November 25, 2010
The 2010 - 2011 energy winter programme was done by taking into account a 1% rise in consumption versus the 2009 - 2010 winter and will cost some 1.52 billion euro, according to the energy sector's officials present at Focus Energetic. 'The Ministry of Economy did the 2010 - 2011 Energy Winter Programme by taking into account the consumption in the previous years, the effects of current crisis, the prognoses for the 2009 - 2010 winter, which was very harsh. Forecast for this ...
Environment Minister: 100 million euros for decommissioning of contaminated sites till 2013
Thursday, November 25, 2010
The Ministry of Environment and Forestry (MMP) announced that 100 million euros will be earmarked by 2013 from EU funds under the Sectoral Operational Program 'Environment' for the decommissioning of contaminated sites, Minister Laszlo Borbely said on Thursday. MMP will complete this year the list of contaminated sites in Romania, which are around 1,000, and record will be kept of them by closure priorities, Borbely added. He said that 100 million lei were assigned this ...
Brasov, first city in Romania using intelligent electrical networks
Thursday, November 25, 2010
Brasov is the first city in the country where the smart grid pilot project was implemented, in an area located in the center of town, this being an innovative measure to save energy. The project was developed by Flashnet in cooperation with Electrica SA, for which investments have been made of about 5.7 million euros. For the pilot project an area consisting of seven points for conversion was preferred, situated in the city's historical center, a difficult area because of the ...
Investments required for electricity distribution subsidiaries up to 60 mln euros
Thursday, November 25, 2010
The amount needed for investments in new technologies for the state-held branches of the electricity distribution in Romania is up to 60 million euros, Director of Control, Regulatory, Communication Division of Electrica Muntenia Nord Distribution, Ion Preda, said. Electrica Muntenia Nord Distribution representative attended the Energy Forum 2010, an event focused on the topic of energy efficiency. Ion Preda also noted that there are distribution grids with a wear and tear degree ...
Romania may invest 30 billion euro in energy until 2020
Thursday, November 25, 2010
The Agerpres' Roxana Clinciu reports: Romania may invest 30 billion euro until 2020 in energy, the chairman of the Economic Committee for Industries and Services in the Senate, Varujan Vosganian told the Energy Forum 2010. 'The big energy companies invest 1.5 billion euro annually. Each is investing between 80 million and 220 million euro. If we add the investment in Reactors 3 and 4 at Cernavoda, the investments in renewable resources, the investment in Tarnita Lapustesti, those ...
Romania seeks oil-and-gas industry co-operation with Viet Nam
Thursday, November 25, 2010
Romania wanted to co-operate with Viet Nam in the oil and gas industry, its ministry of Economy, Trade and Business Environment Co-ordinator for Asia, Valentin Brebenel, told a business conference in Ha Noi this morning.The focus would be drilling, the building of oil refineries and exploiting overseas oil and gas fields, he said.Petrochemicals, construction, medical science and agricultural processing were also candidates for bilateral co-ordination between two countries' ...
Gazprom: Bulgaria Now Safe From Romanian Competition For South Stream
Thursday, November 18, 2010
Bulgaria can no longer be replaced by Romania as the European hub of the Russian-sponsored South Stream gas transit pipeline, Gazprom CEO Alexei Miller said in Sofia, novinite.com reported Sunday.Miller's statement came after he and Maya Hristova, CEO of the Bulgarian Energy Holding (BEH) signed a long-anticipated agreement for the establishment of South Stream AD, a 5050 joint venture for the construction and operation of the Bulgarian section of the South Stream pipeline. ...
Cernavoda Nuclear Power Plant delivers 8.761 MWh in first 10 months
Thursday, November 18, 2010
The two units of Cernavoda Nuclear Power Plant have produced, in the first 10 months of 2010, 9.541 million MWh of electricity, out of which over 8.761 million MWh were delivered in the National Energy System, according to the data posted on Nuclearelectrica website.Unit 1 produced, in first 10 months, 4.579 million MWh and delivered 4.196 million MWh, registering a median capacity factor of 89.44%, while Unit 2 produced 4.962 million MWh and delivered 4.565 million MWh, having a ...
Romanian-Japanese collaboration in environmental matters
Thursday, November 18, 2010
Romania has great potential that will enable the development of bilateral economic cooperation, and in new areas such as environment, the Ambassador of Japan to Bucharest, Natsuo Amemiya, said.'Until now, Japanese companies were particularly active in Romania in sectors directly related to production, but I do not see why not they might get involved in some other areas as the environment. I understand that, at the moment, Romania is confronted with financing difficulties, but we ...