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Energy & Environment
Romania Opens up to Green Energy
Thursday, October 7, 2010
Romania may look back on the summer of 2010 as a pivotal moment that initiated the country's transformation into a significant player in European renewables. Obstacles remain, but two events suggest that the nation of 22 million, long powered by coal and large-scale hydroelectric plants, is finally ready to start fulfilling its widely recognised clean energy potential. June saw the grid connection of the first turbines at the Fantanele wind farm, which together with its adjacent ...
Dinu Patriciu: Rompetrol Needs Not Pay Its Debt To Romania
Thursday, October 7, 2010
Businessman Dinu Patriciu on Tuesday said oil company Rompetrol, owned by Kazakh KazMunayGas, has the contract-stated right not to pay the debt claimed by the Romanian state."The fact that they are not paying this debt is a right they have, through the contract," said Patriciu, Rompetrol's previous owner. Romania will appeal in court oil company Rompetrol's actions that do not comply with the law and will recover the debts by court orders, Prime Minister Emil Boc said Friday. The ...
Blejnar (ANAF): We will sue Rompetrol and maybe commence foreclosure enforcement of Petromidia
Thursday, October 7, 2010
The Romanian state will sue the decision of the general assembly of Rompetrol shareholders to convert the company's debt to the Romanian State into stocks, following that, depending on how the process will evolve, it is possible there will be commenced a foreclosure enforcement against Petromidia, the head of the National Agency for Tax Administration, Sorin Blejnar, told the B1 TV channel on Tuesday.'Launching a foreclosure procedure against the Rompetrol Refinery is a pretty ...
Gas imports increase by 24 percent in first eight months 2010
Thursday, October 7, 2010
Romania in the first eight months of this year imported a quantity of usable natural gas of 1.234 million tonnes of oil equivalent, by 24 percent (238,700 toe) more than it imported in the similar time span last year, according to the data centralized by the National Institute of Statistics. In the above-mentioned span of time the domestic natural gas production totalled 5.65 million toe, by 3 percent less (175,800 toe) than in January-August 2008.The National Prognosis Commission estimates ...
Final electricity consumption up 4.3 pct January through August
Thursday, October 7, 2010
Final electricity consumption January-August this year was 33.49 billion KWh, 4.3 percent higher compared with the corresponding period last year, according to data centralized by the National Institute of Statistics (INS). Public lighting dropped by 3 percent, while individual consumption inched up 3.1 percent.Exports of electricity decreased by 1.109 billion KWh, 48.1 percent respectively. January-August 2010, Romania's resources of primary energy dropped by 1.1 percent, while ...
Net coal production decreases by 1 percent in first eight months
Thursday, October 7, 2010
Romania's net coal production amounted to about 3.793 million tonnes of oil equivalent in the first eight months 2010, being by 1 percent (38,800 toe) lower than the one in the similar time span 2009, according to the data centralized by the National Institute of Statistics. In the first eight months Romania imported 365,600 toe of coal, by 40,500 toe less (10 percent) than it imported in the same time span last year.The National Prognosis Commission estimates a 5.696 million toe production ...
Romania imports 3.937 million tonnes of oil equivalent in first eight months of 2010
Thursday, October 7, 2010
Romania imported in the first 8 months of 2010 crude oil of 3.937 million tonnes of oil equivalent (toe), by 807,500 tonnes (17 percent) less than in the similar period in 2009, according to the data centralized by the National Statistics Institute (INS).Oil production amounted in the said period to 2.714 million toe, by 2.1 percent (58,800 toe) smaller than that in the similar period of last year.The National Prognosis Commission (CNP) estimates for 2010 a crude oil production of 4.4 ...
Romania’s Jan-Aug Power Output -0.9%, Resources -1.1% On Year
Thursday, October 7, 2010
Romania’s power output dropped by 0.9% on the year in January-July, while the country’s total power resources dropped 1.1% on the year in the same period, the National Statistics Institute said Wednesday.Power output fell to 15.15 million tons of oil equivalent in the first eight months of the year, while the country's power resources reached 22.21 million toe in the same period, the institute said.Thermal power output dropped 7.9% on the year in January-August period. Hydropower output rose ...
Romania reaffirms attachment to nuclear safety and security in Vienna
Thursday, September 30, 2010
Romania reaffirmed on Wednesday in Vienna the need to maintain a high-level of nuclear safety and security in all the member states of the International Atomic Energy Agency (IAEA). In a speech to the plenary session of the 54th IAEA Conference, Romania's ambassador to the international organisations based in Vienna , Cornel Feruta, underscored the importance of consolidating technical cooperation between Romania and the IAEA, saying that Romania hails the outcome of the conference in New ...
Romanian Delegation of Nuclear Energy Officials Return from Visit to the United States
Thursday, September 30, 2010
A senior delegation from Romania's nuclear energy industry recently returned from the United States following a ten-day tour of key U.S. nuclear energy organizations and facilities, with highly favorable reports on the potential for Romanian-U.S. cooperation on nuclear energy. According to the press release sent by the UE Embassy in Bucharest, the delegation was led by Mr. Alexandru Sandulescu, General Director of the Ministry of Economy Trade and Business Environment. He was accompanied by ...
Nuclear waste tops Hungary's priorities at EU helm
Thursday, September 30, 2010
The Hungarian EU Presidency, to be held in the first half of 2011, wants to conclude EU legislation on regulating the disposal of nuclear waste and spent fuel. EurActiv Hungary reports.Tamás Fellegi, Hungarian minister for national development, gave his support to European Commission plans to adopt a directive on nuclear waste management in the first half of 2011. The European Commission will table a draft directive in October, an EU official confirmed. Speaking at a Budapest conference ...
Petrom - Hunt Oil Company Partnership in onshore exploration in Romania
Thursday, September 30, 2010
Petrom, the biggest crude and natural gas supplier in Southeastern Europe and Hunt Oil Company, a subsidiary of the US Hunt Oil, one of the world's biggest private oil companies, formed a partnership for jointly exploring the onshore areas of Adjud and Urziceni East, located in eastern Romania, Petrom informs. 'This partnership is a major step in our activity, being the first joint venture for onshore exploration. Uniting our financial and human resources, and through using the ...
Romanian Hidroelectrica Might Reach Record Power Production In 2010
Thursday, September 30, 2010
Romania’s state-owned hydropower generator Hidroelectrica might reach this year a record electricity production for the past 30-40 years, the company’s board chairman Tudor Serban said Friday.Serban did not specify the exact amount of electricity that Hidroelectrica might produce in 2010, but said the high output will be due to this year's heavy rains. From January to July, the company produced 11.4 terawatts-hour of electricity, up 15% from 9.9 TWh from the similar period a year ...
Green energy, field of interest for Romanian-Austrian cooperation
Thursday, September 30, 2010
Green energy could be a very important pillar, set to secure Romania's steady development, said president of the Chamber of Commerce and Industry of Bucharest municipality (CCIB) Sorin Dimitriu.'The valuing of the exceptional Romania's energy potential either wind, solar, geothermal or biomass will lead to the fulfillment of our country's pledges at European level as regards the reduction of the gas with greenhouse effect, increase of renewable energy sources weight in the final ...
Romanian-Dutch water management partnership
Thursday, September 30, 2010
Romanian Environment and Forestry Minister Laszlo Borbely met a Dutch delegation headed by Deputy Minister of Foreign Economic Affairs Roderick van Schreven, the Ministry of Environment and Forestry (MMP) informs.The bilateral talks mainly focused on general elements of the Romanian Government's policy and the common interests of the two countries.'The cooperation between our countries in environmental issues enjoys a long lasting tradition, and has in view important ...
Romania’s Upcoming Power Giants Should Be “Rethought”
Thursday, September 30, 2010
Romania’s Senate Chairman Mircea Geoana Wednesday said authorities should rethink the creation of the two national power giants, and to find ways to cut the household consumption prices of energy and natural gas."We need to rethink the two companies, before considering short-term earnings, but also to remember that millions of Romanians are below the poverty limit," Geoana told an energy conference.The local government plans to cluster the bulk of state-owned power production units into ...
E.ON Romania Head Blasts Local Mkt's Flawed Competition, Regulation
Thursday, September 30, 2010
Romanian gas prices are artificially kept low, and the local electricity and gas markets are not competitive, which is why investors are not really interested in Romania, according to Frank Hajdinjak, CEO of German utilities group E.ON’s Romanian unit. The company official went on saying investors cannot be drawn in by a market that isn't free, and which requires EUR10 billion investment on the energy segment. Furthermore, things have changed over the past two years, and now Romania is in a ...
Romania Could Become SE Europe's Energy Market Hub
Thursday, September 30, 2010
Romania has the chance to become an energy market hub in southeastern Europe, but it might miss this opportunity if it fails to make clear investment decisions on the production units' upgrade, Wednesday said Mihai David, general manager of Romanian hydropower producer Hidroelectrica."Europe expects us to provide energy supply security in the region, they are counting on us. We have no business on the German or Italian markets. (…) We are wasting months in a row talking about shutting down ...
E.ON To Invest EUR200M In Romanian Wind Farms
Thursday, September 23, 2010
Romanian E.ON Regenerabile, owned by German utilities group E.ON, is currently developing three wind farms with an overall installed capacity of over 100 MW, business newspaper Ziarul Financiar writes in its Wednesday edition.The projects would require a total investment of EUR180-200 million, Ziarul Financiar reported, adding E.ON did not comment the information.According to data from state-owned electricity transporter Transelectrica (TEL.RO), the German company had secured the grid ...
S&P Cuts Rompetrol To 'B', Puts It On Watch Negative On Political Risk
Thursday, September 23, 2010
Standard & Poor's Ratings Services Wednesday cut its long-term corporate credit rating on Romanian oil refining and marketing company Rompetrol Group N.V. to 'B' from 'B+' and placed the rating on CreditWatch with negative implications, citing political risks."The downgrade reflects our concerns over the increased country and political risks between the company and the Romanian government as well as continued very weak operating performance," said Lucas Sevenin, Standard & Poor's credit ...