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Energy & Environment
Hidroelectrica reacts to ANRE decision on 5% regulated profit
Thursday, February 7, 2019
The order issued by the National Regulatory Authority for Energy (ANRE), published by the Official Gazette, reading that all energy producers will have to supply this year electricity at a regulated price with a 5% profit margin on justified costs, violates the constitutional liberties on economic freedom and violates the Constitution of Romania, Hidroelectrica says in a release on Tuesday. It also argues it violates the national legal framework and the European ...
Reuters: Black Sea Oil & Gas gets Romania gas project permit, but frets over new taxes
Thursday, February 7, 2019
Romanian-based Black Sea Oil & Gas received a construction permit from the country’s energy ministry on Friday for an offshore gas project, but it said new taxes could make it hard to go ahead with the development, Reuters correspondent informs. The company, controlled by private equity firm Carlyle Group LP, discovered two wells holding an estimated 10 billion cubic meters of gas in 2008 some 120 kilometers offshore in the Black ...
Energy Ministry OKs offshore gas production from XV Midia block in the Black Sea
Thursday, February 7, 2019
The Energy Ministry has issued the authorization document for the offshore works required to start the gas production from XV Midia block, operated by Black Sea Oil & Gas (BSOG), according to a communiqué issued by the ministry on Friday. “This act of authorization is extremely important, not only for the project’s owner, but also for the Romanian energy sector as a whole. The act is a premiere in Romania’s offshore oil ...
The price of gas on the free market increased by 25-30% against September
Thursday, January 31, 2019
The price of gas on the free market is higher at present by 25-30% against September but the household consumers can change their provider or they can go back to the regulated market 21 days since the notification of the energy company, stated on Tuesday Silvia Vlasceanu, executive manager of the Federation of the Association of the Companies for Utilities in Energy (ACUE).This after the Authority for Regulation announced that the household users can come back to ...
ANRE freezes energy and gas prices for household consumers on regulated market until 2022
Thursday, January 31, 2019
The National Authority for Energy Regulation (ANRE) informs on Tuesday that the energy and gas prices for household consumers on the regulated market will not increase until 2022, following the enforcement of the provisions of GEO 114/2018 on fiscal measures. The release informs that the periods will be for electricity March 1, 2019-July 28, 2022 and for natural gas January 1, 2019-February 28, 2022. With regard to the household ...
Romgaz expects lower revenues, profit due to capped gas prices in 2019
Thursday, January 31, 2019
Romgaz, one of the most profitable state-owned companies in Romania, expects lower revenues and profit this year due to the new measures introduced by the government, especially the capped gas prices, according to Romgaz CEO Adrian Volintiru. The company, listed at the Bucharest Stock Exchange (BSE), estimates a decline of its turnover by 20-25 percent this year compared with 2018 and a reduction of its profit by RON 420 million, Volintiru said, cited ...
Romgaz and SAPE intend to build a new gas and electricity supplier
Thursday, January 31, 2019
Romgaz, one of the two largest gas producers in Romania, will build a joint-stock company in association with the the Company for the Administration of Energy Stakes – SAPE, with the supply of natural gas and electricity as main activity, energynomics.ro reports. The decision was made at the beginning of the week by the Ordinary General Meeting of the Shareholders of Romgaz, according ...
Cernavoda nuclear power plant, high nuclear security level, WANO experts say
Thursday, January 31, 2019
A team of 25 international experts from the World Association of Nuclear Operators (WANO) assessed the Cernavoda nuclear power plant in November and concluded that the plant has a high level of nuclear safety, informs a press release of Nuclearelectrica, the plant operator, sent on Wednesday."Nuclear safety is the absolute priority of Nuclearelectrica. We are therefore determined to maintain a high level of nuclear safety in all areas: operation, maintenance, ...
US, S. Korean consortium bids to refurbish Romania’s nuke power capacities
Thursday, January 31, 2019
Korea Hydro & Nuclear Power (KHNP), South Korea’s largest electricity producer, has signed a partnership agreement with the US engineering services provider Sargent & Lundy to participate in the refurbishment of Romania’s operating nuclear reactors at the Cernavoda power ...
Government extends offshore agreements with ExxonMobil and OMV Petrom to 2045
Thursday, January 31, 2019
The Romanian government passed a Decision to extend to 2045 the agreement it has with ExxonMobil and OMV Petrom on the Neptun Deep natural gas perimeter in the Black Sea, Mediafax reports. The concession agreement for the exploration, development and exploitation of the XIX Neptun perimeter was initially approved in 2000 through a Government Decision and was originally valid until 2030. Wednesday’s act extended the agreement by another 15 ...
Transgaz and EIB sign in Luxembourg 100 million euro loan agreement for Tuzla-Podisor pipeline
Thursday, January 31, 2019
SNTGN Transgaz SA and the European Investment Bank (EIB) on Thursday signed in Luxembourg the 100 million euros worth loan agreement representing the second tranche of the loan approved for Transgaz, worth 150 million euros, reads a release of the company published on Friday on the BVB Website.The first tranche of the loan agreement worth 50 million euros was signed on December 17, 2018.The EIB granted 150 million euros for the financing of a new ...
EC asks Romania and Estonia to improve management of waste electrical and electronic equipment
Thursday, January 31, 2019
The European Commission (EC) decided on Thursday to send notice of default letters to Estonia and Romania on deficiencies in the transposition of the EU rules on waste of electrical and electronic equipment (Directive 2012/19 / EU -WEE), a press release of the community Executive shows.Waste electrical and electronic equipment, such as computers, TVs, refrigerators and mobile phones represent the fastest growing waste stream in the EU and is expected to grow to ...
Denisson Energy gets a $ 2 million bridge loan from FREE for developing CNG stations
Thursday, January 31, 2019
The Romanian Energy Efficiency Fund – FREE has granted a $ 1.96 million bridge loan to Denisson Energy (Sibiu) to support a total investment of nearly $ 6 million, energynomics.ro ...
EcoMin Badalau: Cuprumin and Moldomin are priorities for the ministry of economy: very many had interest to block them
Thursday, January 24, 2019
Cuprumin and Moldomin are priorities for the ministry of economy, they represent 92% of the production of copper of the country, third in Europe as raw material,and very many had the interest to block them,stated on Thursday at Antena 3 the minister of economy Niculae Badalau. ‘I want to speak about four projects which I have, I hope that two will be accepted (…) they don’t need to be budgeted. Priorities: ...
OUG 114/2018 begins to shake under the reality check
Thursday, January 24, 2019
Almost one month after the adoption of OUG 114/2018, the main opposition party calls for the urgent abrogation of the legislative act, according to the PNL leader Ludovic Orban, energynomics.ro reads. PNL (liberal party – opposition) will ask Parliament to vote on the rejection of the ordinance, Liberal MP Marilen Pirtea, deputy chairman of the Chamber of Deputies, ...
Romgaz, SOCAR want to collaborate in large-scale international projects
Thursday, January 24, 2019
The Romanian state gas producer Romgaz and the similar company in Azerbaijan, SOCAR, have entered into a partnership to collaborate in large-scale international projects."Joining a partnership with a company as big as SOCAR, with the prospect of expansion, is important for us as it will bring major benefits not only to Romgaz, but also to the energy sector and the national economy as a whole. Romgaz wants to expand its business by exploring new opportunities and ...
Hidroelectrica and Nuclearelectrica hit by new government measure
Thursday, January 24, 2019
Two major energy state-owned producers in Romania, Hidroelectrica and Nuclearelectrica, risk being hit by a new government-backed measure that imposes a high share of their output to be sold to households at 5 percent capped profit. According to a new regulation project released by Romanian energy regulator (ANRE), controlled by the government, the suppliers of the electricity regulated market (households) – Hidroelectrica and Nuclearelectrica ...
PM Dancila: construction of Ungheni-Chisinau gas transmission pipeline remains a priority objective
Thursday, January 24, 2019
Prime Minister Viorica Dancila reiterated on Thursday that Romania supports the European journey of the Republic of Moldova and one of the main investment objectives remains the construction of the Ungheni-Chisinau gas transmission pipeline."Romania firmly endorses the European journey of the Republic of Moldova and the joint investment projects, these being certain solutions for the welfare of the citizens of this state. Furthermore, we are carefully watching the ...
Engie takes over Gazprom’s Wirom gas distribution network in Bucharest
Thursday, January 24, 2019
The French energy group Engie will take full control over the Wirom Gas distribution firm in Bucharest that is currently controlled by Gazprom (51.1%) with the rest of 48.8% shares held by Engie. The deal is being analysed by the Competition Council, according to ...
AFEER: Nowhere in the EU there was the change from the free energy market to regulated prices so suddenly and without consultations
Thursday, January 17, 2019
No country in the European Union came back to regulated prices for energy after the deregulation of the market so suddenly and without any consultation with the specialists on the market as Romania wants to do it, stated Ion Lungu, the chairman of the Association of the Suppliers of Electricity in Romania (AFEER).This, in the context where the government approved on 21 December 2018 the emergency ordnance 114 which includes the coming back to regulated prices for ...