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Energy & Environment

OMV Petrom wins tender for Black Sea block II license in Georgia

Thursday, July 2, 2020

Romania's top oil and gas group OMV Petrom [BSE:SNP] has won a tender for the Black Sea block II license in Georgia, the country's State Agency of Oil and Gas said on Friday. Before starting drilling, OMV Petrom will carry out two-and three-dimensional seismic exploration works on the perimeter, the agency said in a post on social media. Drilling costs will depend on the exploration results, it ...

OMV Petrom Director, about Black Sea gas: If you want industrialization, extract subsoil resources

Thursday, July 2, 2020

Romania needs to extract its subsoil resources if it wants industrialization, said, on Thursday, the General Director of OMV Petrom, Christina Verchere, in a conference about the internal production of Romania.At this time, Romania is a net importer of natural gas, even though it has the enormous opportunity of natural gas in the Black Sea. What is necessary for this project to advance? This opportunity is unique for Romania, but the project is not ...

OMV Petrom, Romgaz say obligation to trade gas on stock exchange contradicts idea of free market

Thursday, July 2, 2020

The obligation of gas producers, imposed by law, to sell on the stock exchange certain quantities, at certain prices, through the gas release program, which enters into force on July 1, contradicts the idea of free market, say the representatives of the two major gas producers in Romania, OMV Petrom and Romgaz, present on Thursday at the webinar "Black Sea in the New Economy", organized by Sustainable Romania and EM360."This gas release and the trading ...

StateSec Havrilet: Romania has huge offshore wind potential of over 70,000 MW

Thursday, July 2, 2020

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Romania has a huge offshore wind potential of over 70,000 MW and it could reach the UK level in this sector within five years, Secretary of State with the Economy, Energy and Business Environment Ministry (MEEMA) Niculae Havrilet stated on Tuesday."There is a huge opportunity for Romania in the offshore wind sector [offshore wind turbines]. There is a potential of 22 GW [20,000 MW] in turbines with fixed foundation, on the seabed, 50,000 MW, respectively, in ...

Payments under state aid scheme for large industrial energy consumers to be made in July

Thursday, July 2, 2020

Prime Minister Ludovic Orban announced on Tuesday that the state aid scheme to support large industrial consumers of electricity is operational, and payment for 2019 will be made in July."The good news was that the state aid scheme adopted by the Romanian government and approved by the European Commission, will be commissioned in July and the plant will benefit from state aid as a large consumer of electricity, under which the cost of carbon dioxide emission ...

EU climate transition needs mineral miners, not coal miners

Thursday, July 2, 2020

The European Union needs to transform its coal-mining regions into the source of minerals for clean technology, such as cobalt and rare earths, if it is to meet its climate goals and curb import reliance, a senior official said on Monday, euractiv.com reads. The European Union has long wrestled with its dependency on imported natural resources. But the debate has gathered momentum as it seeks to ...

EBRD ensures sustainable operations of KazTransGaz

Thursday, July 2, 2020

EBRD €243.5 million package to address liquidity and working capital needs of KazTransGas Contribution to low-carbon strategy of ...

ENEL X ROMANIA LAUNCHES A SIMULATOR FOR PHOTOVOLTAIC SYSTEMS

Thursday, July 2, 2020

Enel X Romania, part of Enel X, Enel Group’s advanced energy services business line, has launched a simulator for photovoltaic systems, capable of configuring installations with a high degree of customization, based on the information provided in real time via Google Maps app. The simulator is designed for companies interested in reducing their electricity consumption and CO2 footprint, by installing a PV system on the roof or on the ...

Orban: a billion euro EU funds for connection to the gas network

Thursday, June 25, 2020

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Premier Ludovic Orban stated on Saturday that Romania will allocate, in the seven years to come, a billion euro out of European funds for projects which aim at the setting up of gas distribution at the level of localities, allowing the doubling of the number of households connected. ‘For the period 2014-2020 we are on the point of receiving the approval of the European Commission for the allocation of a sum of 200 million euro for these ...

Vast Resources to sell first copper concentrate from Romanian project in August

Thursday, June 25, 2020

UK-based Vast Resources said on Monday that it expects to make the first sale of copper concentrate produced at its Baita Plai polymetallic project in Romania in late August. The company will use part of recently raised funding of 1.48 million British pounds ($.183 million/1.64 million euro) to cover the first month’s production at Baita Plai until the first sale of concentrate, it said in a press release quoted by ...

Gas for the population got cheaper on the Stock Exchange up to 38 lei MWh, almost half against the regulated price

Thursday, June 25, 2020

The price of gas for the population in Q3 of the year, once the deregulation of the market reached 38 lei/MWh at the the Romanian Stock Exchange for Goods, almost half against the regulated price at present, according to the quotations published by the stock exchange operator.On Friday there were the first tradings with gas on BRM on the basis of the programme of gas release established by the National Authority for Regulation in the domain of Energy (ANRE) with a ...

Energy minister accuses gas suppliers of abusing dominant position, being arrogant on eve of market deregulation

Thursday, June 25, 2020

Energy Minister Virgil Popescu continued on this Wednesday the accusations against the gas suppliers, reproaching them for abusing their dominant position in order not to reduce the price for the population, with the deregulation of the market, as of July 1.The minister attended on Wednesday the presentation of the second edition of the "Energy Security Barometer" in Romania, an event organized by the "Ion I.C. Bratianu" Institute of Political Science and ...

E.ON: With no reasonable long-term gas prices in place, no cut in household bills starting July 1

Thursday, June 25, 2020

Gas company E.ON Romania argues that the gas amounts on the market are not available for reasonable long-term prices, so as to allow a cut in household bills starting from July 1, but does not exclude that this will happen in the next period, the company said in a reply sent at the request of Agerpres.The gas market will be fully liberalized starting with July 1, and household consumers will no longer pay regulated prices. Whereas Minister of Energy Virgil Popescu ...

Consumers to play decisive part on gas market as they can change supplier at any time

Thursday, June 25, 2020

The liberalisation of the gas market in Romania will increase consumer awareness and encourage consumers to get more involved, to compare market prices and to better analyse offers in order to sign the best contracts, while having the right to change suppliers at any time, reads a response from the National Energy Regulatory Authority (ANRE) to a request for information filed by Agerpres.From July 1, the Romanian gas market will be completely liberalised. Romania ...

Fondul Proprietatea urges the state to analyse the risks of Hidroelectrica's acquisition of CEZ assets

Thursday, June 25, 2020

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Fondul Proprietatea (hereinafter “The Fund”) urges the Ministry of Economy, Energy, and Business Environment, as majority shareholder of Hidroelectrica, to thoroughly consider the risks of acquiring CEZ assets and reject the Company’s request to submit a binding offer. The Fund strongly believes that the acquisition of CEZ assets by Hidroelectrica would not create value for its shareholders and affect its listing process and potential valuation, which, in ...

EBRD: Is green hydrogen the sustainable fuel of the future?

Thursday, June 25, 2020

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* Investment could solve the climate crisis while stimulating the economy, an article issued by European Bank for Reconstruction and Development - EBRD reads Imagine a clean alternative to fossil fuels, one that leaves no greenhouse gas residues and even, unlike solar and wind renewables, can be used at any moment of the day or night, whatever the weather conditions. Imagine that using it instead of fossil fuels sharply ...

Electrica Group buys Stanesti Photovolatic Park and enters renewable energy production market

Thursday, June 25, 2020

Electrica Furnizare enters the electrical energy production market by acquiring the Stanesti Photovoltaic Park in Giurgiu County, owned by Long Bridge Millenium SRL. According to a press release of Electrica, Electrica Furnizare signed a sales agreement with Raylexo Limited and Long Bridge Management and Administrare SRL.With an installed capacity of 7.5 MW and a functioning capacity limited at 6.8 MW, the Stanesti Photovoltaic Park is located on a 17.5 ha area ...

Analysis: Demand for fossil fuels may not ever return to 2019 peak levels

Thursday, June 25, 2020

* New Analysis by Boston Consulting Group Reveals That the COVID-19 Crisis May Have Brought Forward an Expected Decline in Demand for Fossil Fuels by More Than a Decade, Making a Return to the 2019 Peak Unlikely While the short-term economic fallout of the global COVID-19 pandemic has already become visible, the crisis may have a significant long-term impact on global energy markets. recent ...

Romania's official power generation capacity with a total installed capacity is 20,654 MW

Thursday, June 25, 2020

On 19 June, Romania's official power generation capacities with a total installed capacity is 20,654 MW, according to the National Energy Regulatory Authority (ANRE), however the institution is in a process of analysis to determine which of the power plants truly work.On the ANRE website, an official statistics has been introduced, indicating the existence of installed capacity of 20,654,233 MW in total.Of the total, 32.4% represent hydro capacities ...

RWEA calls on Chamber of Deputies to unblock bilateral contracts

Thursday, June 25, 2020

Romanian Association for Wind Energy (RWEA) requests the Chamber of Deputies to reject the amendments brought by the bill (L321 / 2020) approved by the Romanian Senate on June 10, 2020, regarding the possibility of signing bilateral contracts outside the centralized market. These changes block investment in new energy production capacity, increasing Romania’s energy security risks, and limiting access for companies, municipalities and residential customers to energy ...

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