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Energy & Environment

EnergMin Popescu, in Kazakhstan: We received assurances that we will have full support for oil supply

Thursday, October 13, 2022

The authorities in Kazakhstan will give Romania all the support to secure the supply of oil and derived products, the Minister of Energy, Virgil Popescu, who is in Kazakhstan, wrote on Facebook on Friday."Together with Bolat Akchulakov, the Minister of Energy from the gov't of the Republic of Kazakhstan, as co-presidents, today I presided over the work of the 16th session of the Romanian-Kazakh Intergovernmental Commission. During the plenary ...

Fondul aims to list minority stake in Romania's Hidroelectrica by April 2023

Thursday, October 13, 2022

The planned initial public offering of Romanian state-owned hydropower producer Hidroelectrica may be smaller than initially projected and won't happen until March or April next year, shareholder Fondul ...

European Energy is developing almost 1 GW in renewable energy projects in Romania

Thursday, October 13, 2022

European Energy continues to expand its activities in Romania, with 935 MW under development in renewable energy projects, of which 810 MW in solar parks and 125 MW in wind parks. The first 20 MW solar park project is ready for construction, with construction scheduled to begin in 2023. The company has also received grid connection approval for another 125 MW project, which is ...

INVL-run fund grows Romanian portfolio with 174-MW solar purchase

Thursday, October 13, 2022

 A renewable energy fund run by Lithuania’s INVL Asset Management has struck a deal to acquire a 174-MW solar project in Romania, expecting to enter construction towards the end of next year, https://renewablesnow.com/ ...

Transelectrica gets 420 million euros from the Modernization Fund, a quarter of the value of the RET Development Plan

Thursday, October 13, 2022

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Transelectrica signed the first nine financing contracts from the Modernization Fund for the achievement of investment objectives of particular importance for the development of the national energy infrastructure. In total, there are 420 million euros that opens “the most important line of European funds intended for the development of the Romanian energy sector, according to Prime Minister Nicolae ...

OMV Petrom: investment of EUR 130 million at Petrobrazi refinery to build new unit of aromatic products

Thursday, October 13, 2022

The new unit of aromatics product will deliver processes and products with low environmental impact at modern BAT (Best Available Technology) operating standards By putting the new unit into operation, the production capacity of aromatic products will double, from around 50 kt/year to around 100 kt/year, starting 2026 OMV Petrom, the largest integrated ...

EUR 500 mln state aid for Romanian firms seeking better energy efficiency

Thursday, October 13, 2022

The Romanian Ministry of European Investments and Projects (MIPE) said it would launch on October 11 the call for projects for two energy efficiency measures dedicated to the business environment. The Applicant Guidelines have been updated.   "During this period, MIPE implements measures worth EUR 500 mln to support the entrepreneurial sector acquire energy ...

Crude oil and gas production of OMV Petrom down 4.5pct in Q3

Thursday, October 13, 2022

The hydrocarbon production of the OMV Petrom group decreased by 4.5pct in the third quarter of this year, compared to the same period last year, reaching 117,200 barrels of oil equivalent (boe) per day, according to the trading report submitted by the company, on Monday, to the Bucharest Stock Exchange (BVB).Oil and condensate production reached 56,300 boe per day, down 7.5pct.At the same time, the company's gas production was 60,900 ...

ExxonMobil Romania has changed its name in Romgaz Black Sea Limited

Thursday, October 13, 2022

  ExxonMobil Exploration and Production Romania Limited has changed its name in Romgaz Black Sea Limited, according to a press release of Romgaz.‘As a result of the decisions taken in the meeting of a General Meeting of the shareholders S.N.G.N.ROMGAZ S.A. of 22 September 2022 the procedure of registering with the authorities in Bahamas has been started. On 6th October 2022, the documents were ...

Reuters: Greece-Bulgaria pipeline starts operations to boost non-Russian gas flows

Thursday, October 6, 2022

Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe's dependence on Russian gas and boost energy security. The 182-km pipeline will provide a relief to Bulgaria, which has been struggling to secure gas supplies at affordable prices since the end of April, when Russia's Gazprom (GAZP.MM) cut off deliveries over Sofia's refusal to pay in ...

Transport of natural gas through integrated networks, initiative proposed by the operators in Romania, Bulgaria, Hungary and Slovakia  

Thursday, October 6, 2022

The operators for natural gas transport in Bulgaria, Romania, Hungary and Slovakia propose an initiative for the transport of natural gas through integrated networks of gas transport, according to a press release.‘Bulgartransgaz, Transgaz, FGSZ and Eustream propose joined actions regarding the extension of the cooperation between the EU and Azerbaijan through the transport of supplementary quantities of natural ...

Commission approves €390 million Romanian scheme under Recovery and Resilience Facility to support high-efficient cogeneration of electricity and heat

Thursday, October 6, 2022

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The European Commission has approved, under EU State aid rules, a €390 million Romania scheme, made available in part through the Recovery and Resilience Facility ('RRF'), to support the production of electricity and heat from high-efficient cogeneration installations connected to district heating networks in Romania. The scheme will also contribute to ...

PM Ciuca: We can give 5 million cu m of gas to Moldova, not more

Thursday, October 6, 2022

Romania can give up to a maximum of five million cubic metres of gas to the Republic of Moldova, per day, Prime Minister Nicolae Ciuca said on Monday, specifying that the Moldovan state asked our country to supply it with natural gas."They [those from the Republic of Moldova - editor's note], when I discussed with Prime Minister Gavrilita, need 150 million cubic meters. (...) We still need to see what quantities we can secure in the next period, because, as the ...

Rompetrol Rafinare invests about 40 million dollars in storage capacities until 2027

Thursday, October 6, 2022

Rompetrol Rafinare initiated this year an extensive program of maintenance, rehabilitation and modernization of the storage capacities for the products obtained in the Petromidia Navodari and Vega Ploiesti refineries, the investment effort being estimated at around 40 million dollars for the period 2022 - 2027."The works in the park of tanks are part of our operational strategy, which aims to make production processes more flexible, in total safety and ...

Engie: Vast majority of gas purchased from the Black Sea will be supplied to Romanian consumers

Thursday, October 6, 2022

   The vast majority of gas purchased from the Black Sea will be supplied to Romanian consumers and only the surplus will be exported, Eric Stab, CEO of Engie Romania, said on Monday, during the "Challenges in the energy crisis" conference."In November 2018, Engie signed a 10-year contract with Black Sea Oil and Gas, because we are a large supplier in Romania. Without this contract, the investors would not have made the final investment decision ...

OMV Petrom and Oltenia Energy Complex to build four solar farms over closed mines

Thursday, October 6, 2022

OMV Petrom and the Oltenia Energy Complex will invest EUR 400 mln into building four new solar farms with a total power of 450 MW.   The gas and oil giant, along with the state-owned network of coal mines and power plants, closed the deal at the end of last year and is now set to break ground at the four sites. The new solar farms will be built on former mines, at I?alni?a, Tismana, Ro?ia, and ...

PM Ciuca: We have the necessary gas quantities, Romania won't suffer from lack of gas this winter

Thursday, October 6, 2022

Romania has the necessary quantities of gas, our country will not suffer the lack of gas in the winter of 2022-2023, on Saturday said Prime minister Nicolae Ciuca, who was in Sofia to attend the launch event of the commercial exploitation of the Greece - Bulgaria Interconnector."It is an activity that we have been waiting for a long time, because the operationalization of this interconnector, in practice, highlights the steps we have taken to identify new ...

Council of the EU agrees on emergency measures to reduce energy prices

Thursday, October 6, 2022

EU energy ministers last Friday reached a political agreement on a proposal for a Council Regulation to address high energy prices. The regulation introduces common measures to reduce electricity demand and to collect and redistribute the energy sector's surplus revenues to final customers.   Electricity demand ...

Governance of the Energy Union and Climate Action: Commission urges BULGARIA, IRELAND, POLAND and ROMANIA to notify their long-term strategies

Thursday, October 6, 2022

The Commission decided to send letters of formal notice to Bulgaria ...

Study: 75% of Romanians believe renewable energy sources should be prevalent

Thursday, October 6, 2022

How has Romanians’ perspective on climate change shifted? That is the focal point of the “Romanian perspective on the impact brought by climate change” study, released by Social Innovation Solutions (SIS), an organization active in sustainability, social impact and innovation. The study, concluded in August of 2022, with a pool of 1081 subjects, represents a follow ...

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