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Energy & Environment
F. Hajdinjak(E.ON România ): Authorities must urgently rethink their energy poverty policies
Thursday, March 21, 2019
Since publicly presented in late December 2018, GEO 114/2018 stirred massive reactions on all levels (media, industry, experts, politicians). It was only 2 months later that the reasons for changes introduced in respect to the energy sector seem to be clearer, as some comments from Niculae Havrile?, former president of ANRE and currently personal adviser for the Energy minister, suggested that it was at major gas suppliers’ request that GEO 114/2018 have been initiated. ...
EU Parliament votes for 55% emissions cuts by 2030
Thursday, March 21, 2019
Members of the European Parliament voted in favour of increasing the EU’s 2030 emission cuts target to 55% and a net-zero mid-century target on Thursday (14 March), bringing an end to weeks of infighting, euractiv.com reads. At the monthly plenary session in Strasbourg, EU lawmakers backed a non-binding resolution on the European Commission’s draft climate plan for 2050. 369 MEPs voted in favour, 116 against and 40 ...
Internal energy market: Commission calls on ROMANIA to correctly transpose EU rules
Thursday, March 14, 2019
Last Thursday, the Commission decided to send a letter of formal notice to Romania for failing to correctly implement certain requirements of the Gas Directive (Directive ...
Anna Colucci (DG ENER): Freezing prices is against competition and it does not help the vulnerable consumers
Thursday, March 14, 2019
Fixing, capping or freezing the energy prices decrease competition, and that usually is a source of revenues for the incumbent companies in energy system, said Anna Colucci, Head of Unit for Retail Markets at DG ENER, in the European Commission, commenting on the measures adopted in recent months in several member states. She made a direct reference to Romania, after a question from energynomics.ro, but the situation is similar in ...
E.ON and Engie propose to establish a new calendar for the deregulation of the gas prices for the population
Thursday, March 14, 2019
The main suppliers of gas for the population E.ON Romania and Engie Romania propose to the authorities to establish a new calendar for the deregulation of the prices of gas for the population in parallel to the implementation of a system of protection of vulnerable users according to the representatives of the two energy companiesThis is in the context where, according to OUG 114/2018 starting with 1 April, the price of gas for domestic production will be ...
Ambassador Zakonyi Botond: Hungary is ready to buy gas from the Romanian Black Sea at the market price
Thursday, March 14, 2019
Hungary is ready to buy gas from the Romanian part of the Black Sea, at the market price, as they proposed to diversity the sources for supply, stated on Wednesday for AGERPRES, Zakonyi Botond, the ambassador of Hungary to Bucharest.‘We have one supplier, Russia and we need diversification as much as possible’ said the Hungarian diplomat, who took part on Wednesday in a conference on the issue of natural gas.‘The Black Sea is vital, ...
Group 5 Rovinari will be completed by 2020
Thursday, March 14, 2019
Group 5 at Rovinari coal plant will be completed by 2020 by own forces, CEO Oltenia CEO, Sorin Boza, told energynomics.ro. “There has never been a problem of failing to meet the Group 5 Rovinari in time. It will be completed within the proposed deadline and set for approval, that is, the end of 2020. We have allocated up to now 65% of the total volume of investments,” ...
Romania officially becomes an electricity importer due to power supply shortages
Thursday, March 14, 2019
Romania has officially become in the first month of this year a net electricity importer as it relied on large imports to ensure the power needed by its businesses and households. On Wednesday, the official statistics body said that Romania imported 535.3 million kWh in January and exported only 235.2 million kWh and the electricity balance of the country was on the deficit. Electricity export decline by almost two thirds (61.8 ...
PRIMARY ENERGY RESOURCES DURING 1.I.–31.I.2019
Thursday, March 14, 2019
During 1.I – 31.I.2019, primary energy resources increased by 0.5%, while those of electricity decreased by 3.7% as compared to the same period of previous year. The main primary energy resources during 1.I.-31.I.2019 amounted to 3054.6 thousand tonnes oil equivalent1 (toe), increasing with 14.0 thousand toe as against 1.I.-31.I.2018. Domestic production amounted to 1713.4 thousand toe, decreasing with 123.8 ...
Transgaz EUR 1.9 bln investment plan, postponed: BRUA pipeline may be affected
Thursday, March 14, 2019
The shareholders of Romania’s natural gas transport system operator Transgaz rejected, with nearly 81% of the votes, the EUR 1.9 billion 2018-2027 National Transport System Development Plan, asking more details. Shareholders asked for more information about the development of the existing network, the investments involved by Romania’s commitments to the European Union (interconnections) and the financial impact of the investments ...
Black Sea Oil&Gas to start gas production in Romania’s Black Sea offshore after Feb. 2021
Thursday, March 14, 2019
Black Sea Oil&Gas has maintained its reservation request for up to 90% of the capacity of a connection point that would allow it to inject the natural gas from its offshore perimeter in Romania’s Black Sea section, national transport system operator Transgaz announced, ...
Electrica, net individual profit dropping to 195 million lei in 2019
Thursday, March 7, 2019
Electrica Company budgeted a net individual on the drop to 195 million lei for 2019, from 298 million lei last year, while the net profit budgeted at consolidated level is 121 million lei, compared to 230 million lei in 2018, according to a company press release. “The result budgeted for 2019, on the drop compared to the previous year, is mainly explained by legislative amendments in the regulation area, both for distribution and ...
CNSP: Construction of Tarnita- Lapustesti hydropower plant compulsory for stability of national power system
Thursday, March 7, 2019
Tarnita- Lapustesti hydropower plant with accumulation through pumping is a must for the stability of the national power system and Romania is the only European country without such a plant, according to the study made for the project by the National Commission of Strategy and Prognosis (CNSP). CNSP will take all necessary measures according to the laws in force to initiate the procedure for the public-private partnership for Tarnita-Lapustesti ...
Rompetrol Rafinare – remarkable operational performances în 2018, in volatile market conditions
Thursday, March 7, 2019
According to the press release sent to ACTMedi by Rompetrol Rafinare, member of the KMG International Group, the cited company had remarkable operational performances in 2018 for their two refineries – Petromidia Navodari and Vega Ploie?ti, but also for the Petrochemicals Division on the Midia industrial platform, against the backdrop of increased market volatility, especially in the fourt quarter of the year that passed. With the support of the ...
Investments of 230 mln dollars, approved by Kazakh-Romanian Energy Investment Fund's Board
Thursday, March 7, 2019
The Board of the Kazakh-Romanian Energy Investment Fund approved two investment projects totaling around 230 million dollars last week, according to a Fund's press release issued on Wednesday..It is about the construction of a cogeneration plant on the Petromidia platform [south-east of the country, at the Black Sea] and the development of a local gas station network.The Board of the Kazakh-Romanian Energy Investment Fund met last week in its ...
Competition Council investigates Romgaz and OMV Petrom on how they deliver natural gas to their own power plants
Thursday, March 7, 2019
The Competition Council launched an investigation to verify the conditions under which the National Natural Gas Company Romgaz and OMV Petrom deliver natural gas to their own power generating plants. “In the framework of the investigation launched in February, the Competition Council will work with ANRE (National Regulatory Authority for Energy) to analyze whether the power generating plants of the two natural gas producers benefited from ...
Energy price rises in store for industrial consumers
Thursday, March 7, 2019
The free-market energy prices for industrial consumers will rise in the next period, but it is very important that consumers don't react emotionally in order to not cause a market slippage, Electrica CEO Corina Popescu told a press conference on Wednesday.The statement comes as the National Energy Regulatory Authority approved an increase by about 2.5 pct on average of electricity distribution tariffs as of March 1, following the introduction of the 2 pct ...
Five EU countries call for 100% renewable energy by 2050
Thursday, March 7, 2019
* The European Union’s 28 energy ministers had their first public debate on the European Commission’s 2050 climate plan on Monday (4 March) but five member states derided the lack of a 100% renewable energy scenario among the EU executive’s proposed options, euractiv.com informs. The Commission’s Clean ...
#Romania2019.eu/Political agreement on reference indices for low-carbon activities
Thursday, February 28, 2019
The Presidency of the Council and the European Parliament reached a preliminary agreement on Monday on a proposal introducing a new category of financial reference indices aimed at providing broader information on the carbon footprint of an investment portfolio, informs a press release of the EU Council."The transition to a sustainable, low-carbon economy requires us to review how we operate in business and how we invest our money. Thanks to today's agreement, ...
Nuclearelectrica 2018 net profit up 27.4 pct
Thursday, February 28, 2019
National Company Nuclearelectrica (SNN) posted a 27.4 pct rise in the 2018 net profit that stood at 390.545 million lei, compared to 306.542 million in the previous year, according to the financial data released by the Bucharest Stock Exchange (BVB).The net profit per share increased to 1.3 lei from 1.02 lei.The company's total revenues were 2.128 billion lei, of which revenues from the sale of electricity amounted to 2.116 billion lei (2.111 billion ...