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Energy & Environment
Greece's PPC in exclusive talks to buy Enel's Romanian assets
Thursday, December 22, 2022
Greek power utility PPC SA (ATH:PPC) said today it has entered exclusive talks with Enel SpA (BIT:ENEL) over the potential acquisition of the Italian energy company's business in Romania, https://renewablesnow.com/ ...
President Iohannis: Increase in energy, gas prices - one of major challenges of this period
Thursday, December 15, 2022
President Klaus Iohannis sent on Wednesday a message at the Gala of the Association of Municipalities in Romania in which he states that one of the major challenges of this period is the increase in energy and gas prices, showing that the Government has adopted the measures necessary to protect the population, but that it is essential that mayors make the best decisions for their communities, including by implementing plans to reduce energy consumption."We ...
EU Energy Ministers did not reach greement on value of gas price cap
Thursday, December 15, 2022
EU Energy Ministers did not reach an agreement regarding the value of the cap and other elements of the natural gas market correction mechanism, at the EU level, Minister of Energy Virgil Popescu, announced on Wednesday."I participated in the extraordinary meeting of Energy Ministers Council, in Brussels. After two days of discussions and negotiations, the work was completed late last night, but we did not reach an agreement regarding the value of the cap ...
OMV Petrom, Romgaz edges closer to Black Sea gas extraction
Thursday, December 15, 2022
According to euractiv.com, Romanian gas producers OMV Petrom and state-owned Romgaz filed paperwork on Tuesday that edged them closer to the extraction of a long-awaited deepwater gas field in the Black Sea, Petrom said. The two companies jointly own the Neptun Deep offshore project, which holds an estimated 42-84 billion cubic metres of ...
OMV Petrom confirms submitting a commercial discovery declaration with Neptun Deep concession holders
Thursday, December 15, 2022
OMV Petrom confirms the submission of a commercial discovery declaration with the National Mineral Resources Agency by the Neptun Deep concession holders, as a first step in the process of making the final investment decision, estimated to happen sometime close to the middle of next year."OMV Petrom, operator of the Neptun Deep project, confirms the submission of a declaration of commercial discovery by the concession ...
The Barometre of Energy Security – the 4th edition
Thursday, December 15, 2022
The Institute for Political Sciences and International Relations of the Romanian Academy ‘Ion I.C.Bratianu” (ISPRI) through LARICS and INSCOP Research launched the fourth edition of the ‘ Barometre of Energy Security’. The presentation of the study and the debate on the conclusions were delivered by prof.univ. Dan Dungaciu, manager of ISPRI, conf.univ. Darie Cristea, pro-dean of the Faculty for Sociology and Social Assistance, ...
Over 10,000 megawatts new capacity will be connected to the network up to the level of 2030 - 2031
Thursday, December 15, 2022
A quantity of over 10,000 megawatts new capacity will be connected to the network up to the level of 2030 – 2031, to cover the whole spectrum of technologies, announced on Monday Dan Dragan, state secretary in the ministry of energy.‘Through the National Plan for Redress and Resilience we assumed almost 7 gigawatts up to the level of 2030. The PNRR will start to work in parallel with contracts for the ...
Romania to receive 38 mln euro from the EC to expand natgas deposit
Thursday, December 15, 2022
The European Commission said it will grant Romania 38 million euro ($40.1 million) under the Connecting Europe Facility (CEF) to expand the underground natural gas deposit in Bilciuresti, in Dambovita county. The project will help Romania and the region reduce dependence on Russian gas imports during peak consumption observed in winter by increasing storage capacity and its overall flexibility, the EC ...
Hungary, Romania, Georgia to sign electricity deal with Azerbaijan
Thursday, December 15, 2022
The leaders of Hungary, Romania, Georgia, and Azerbaijan plan to meet in Romania's capital on December 17 to conclude an agreement on an undersea electricity connector that could become a new power source for the European Union amid a crunch on energy supplies caused by the war in Ukraine. The agreement involves a cable running beneath the Black Sea which would link Azerbaijan to Hungary via Georgia and ...
EU to Invest EUR 2.3 Billion in Georgia-Romania Black Sea Electricity Cable
Thursday, December 15, 2022
The EU Commissioner for Neighbourhood and Enlargement Olivér Várhelyi revealed on 12 December that the EU will allocate EUR 17 billion for the economic and investment plan of the Eastern Partnership (EaP), including EUR 2.3 billion aimed at creating the Black Sea strategic submarine electricity cable between Georgia and the EU. The electricity cable will connect Georgia and the entire South Caucasus ...
ANRE vice-president: Romania could have over 100,000 prosumers next year
Thursday, December 15, 2022
Next year, Romania could have over 100,000 prosumers, namely users who produce the necessary energy for consumption themselves, Zoltan Nagy-Bege, vice-president of the National Energy Regulatory Authority (ANRE), told a specialized conference on Friday."The potential is much greater than what has been achieved so far. Even if this year we doubled the number of prosumers and the installed power, we are still far from the real capacity in this ...
Competition Council authorized the set up of a company by Complexul Energetic Oltenia and Tinmar Energy
Thursday, December 15, 2022
Romania's Competition Council authorized the operation through which Complexul Energetic Oltenia and Tinmar Energy are to set up a company to create a combined cycle power plant (Combined Cycle Gas Turbine - CCGT).According to a Competition Council press release sent on Friday, following the analysis, it was established that this operation does not raise significant obstacles to effective competition on the Romanian market or on a substantial part of it and that ...
Connecting Europe Facility: over € 600 million for energy infrastructure in support of the European Green Deal and REPowerEU
Thursday, December 15, 2022
EU Member States have given green light to a Commission proposal to invest €602 million of EU funds in eight cross-border energy infrastructure projects under the Connecting Europe ...
ENEL X ROMANIA WAS SELECTED BY ANTIBIOTICE IASI FOR THE CONSTRUCTION OF A PHOTOVOLTAIC PARK OF 2.5 MW
Thursday, December 15, 2022
• Almost 4,700 photovoltaic panels will be installed on an area of 3.14 hectares for the pharmaceutical company Antibiotice Iasi; • The facility will ensure an ...
Fondul Proprietatea sells 2.9% stake in OMV Petrom
Thursday, December 15, 2022
According to Reuters, Romanian investment fund Fondul Proprietatea (FP.BX) said on Wednesday it has sold its 1.78 billion shares in oil and gas group OMV ...
Lithuania's Green Genius to build 10-MW solar park in Romania
Thursday, December 15, 2022
Lithuanian renewables developer Green Genius will build a 10-MW solar park in Romania as part of its commitment to develop a 500-MW solar portfolio in the Balkan country in the next three years, https://renewablesnow.com/ ...
Final electricity consumption down 6.4 pct in first ten months of 2022
Thursday, December 15, 2022
Final electricity consumption totaled 43.203 billion kWh in the first ten months of this year, down 6.4% compared to the corresponding period of 2021, whereas in economy, it declined by decreased by 5.6%, informs the National Institute of Statistics (INS), in a press release.Public lighting decreased by 0.7%, and population consumption went down by 8.8%. Own technological consumption in networks and stations was 4.159 billion kWh, down by 251.6 million ...
Romania started winter with over 3 billion cubic meters of gas in storage
Thursday, December 15, 2022
Romania started the winter period with over 3 billion cubic meters of gas in storage, all the necessary measures being implemented so that end consumers do not have problems in the supply of energy and natural gas, regardless of the temperature, said Dan Dragan, secretary of state in the Ministry of Energy, at the debate "How will this winter be for the Romanian energy consumer and what role could Romania play in the region's energy?".At the same time, the ...
Energy minister: Romania has become independent from Russian oil, embargo won't affect us
Thursday, December 8, 2022
The embargo on Russian oil will not affect Romania, considering that the oil companies in our country have found alternative resources and no longer bring oil from the Russian Federation, the minister of Energy, Virgil Popescu, said in a press conference on Monday."We didn't sit idle waiting for December 5 (the date the embargo came into force, ed. n.), but we held several discussions with the oil companies and all the refineries in Romania have been ...
Gov't transposes EU Directive on the promotion of the use of energy from renewable sources
Thursday, December 8, 2022
The Emergency Ordinance for the completion of the legal framework promoting the use of energy from renewable sources, recently adopted by the Government, transposes Directive (EU) 2018/2001 on the promotion of the use of energy from renewable sources, the Ministry of Energy mentions."For the correct information of the public, through the Emergency Ordinance for the completion of the legal framework promoting the use of energy from renewable sources, as ...