RSS
Energy & Environment
Black Sea Oil &Gas received the agreement ACROPO for the development of the area MIdia from the Black Sea
Thursday, January 17, 2019
The Authority for the Regulation of Oil Offshore Operations at the Black Sea (ACROPO) finalized the evaluation of the documentation corresponding to the drafting regarding the development of the Midia area, draft developed by the Black Sea Oil & Gas and gave their agreement so that the draft goes further, according to a press release of the institution.Further on, the ministry of energy must issue the document for the authorization of the offshore ...
New methodology shows how energy and gas companies in Romania should pay the 2 pct turnover tax
Thursday, January 17, 2019
Any company that has a licence for electricity or natural gas distribution will be required to pay a 2 percent turnover tax for 2018 to the National Energy Regulation Authority (ANRE). By February 20, all licence holders will have to report an estimation of their 2018 turnover from energy-related activities to ANRE, according to the application methodology published on Tuesday by ANRE. If companies miss the deadline, the 2 ...
Miners remain on strike as government avoids negotiations
Thursday, January 17, 2019
The management of the Romanian state-owned coal and power complex CE Oltenia (CEO) failed to reach an agreement by Tuesday, January 15, with the miners who went on strike at the beginning of the week despite accepting 10-24% wage hikes with the lowest wages hiked by 24%. The company’s management also promised to approach the Government with the request of waiving the 2% tax on revenues for coal companies, ...
Gold mining project in Certeju de Sus blocked; Cluj Court cancels urban plan
Thursday, January 17, 2019
The gold mining project in Certeju de Sus rural town, Hunedoara County, carried out by Deva Gold, is now blocked, as the Cluj Court canceled the zonal urban plan (PUZ) necessary for the mining works to be approved, for without the zonal urban plan there can no longer be issued the building authorization for the gold mine, claims the Mining Watch Romania organisation, in a release."This is by far the most important step made into stopping this illegal mining ...
The economy used 5.9% more electricity in Jan-Nov
Thursday, January 17, 2019
Romania’s economy used 41.25 TWh of electricity in January-November last year, which was 5.9% more than in the same period of 2017. This compares to an industrial output advance of around 4% (November industrial data was not released yet), implying certain rise of the energy intensity that is in line with the advance of energy-intensive industries (car production, glass and cement production). In contrast, households used ...
PRIMARY ENERGY RESOURCES increased by 1.0% DURING 1.I.–30.XI.2018
Thursday, January 17, 2019
During 1.I – 30.XI.2018, primary energy resources increased by 1.0%, while those of electricity increased by 0.2% as compared to the same period of previous year. The main primary energy resources during 1.I.-30.XI.2018 amounted to 31524.7 thousand tonnes oil equivalent1 (toe), increasing with 297.4 thousand toe as against 1.I.-30.XI.2017. Domestic production amounted to 19207.1 thousand toe, decreasing with ...
Delgaz grid investigated over alleged abuse of dominant position in Romania
Thursday, January 17, 2019
Romania’s Competition Council launched an investigation into a possible abuse of dominant position by Delgaz Grid, a company of the E.ON Romania group, according to a press release of the competition authority. Should the Competition Council find violation of the competition rules, the company involved is liable to a fine of up to 10% of the turnover. The company is checked for having possibly applied discriminatory ...
US threatens EU companies with sanctions over Nord Steam 2, Turkish Stream
Thursday, January 17, 2019
A transatlantic tiff over Europe’s natural gas supply came to the boil on Sunday (13 January), as Donald Trump’s ambassador to Germany threatened firms involved in a pipeline from Russia with sanctions, euractiv.com reads. At stake is a mixture of economic and security interests for Moscow, Washington, Berlin and Paris – with equally direct consequences for Ukraine and other Eastern European ...
Wind energy ensured 20% of the electricity consumption in Romania, fourth place in Europe
Thursday, January 10, 2019
The wind energy ensured on Friday 20% of the electricity consumption, which places Romania on the fourth place in Europe, after Denmark (81% of consumption), Germany (37%) and Austria (23% of the consumption). According to the data provided by the association Wind Europe, the wind energy ensured 19% of the consumption of Portugal (fifth), followed by Sweden (15%), the Netherlands (11%), Spain (10%) and Cyprus (10%). The top of ...
The DAM price of electricity on Monday was over 25% higher than the regional levels
Thursday, January 10, 2019
The price of energy in Romania on the Day Ahead Market was on Monday the highest in the region, at a difference of over 25% compared to other countries with which Romania is coupled, according to data posted on the website of the market operator OPCOM quoted by energynomics.ro. The situation maintained on Tuesday, but the price differential in Hungary fell sharply to around 2%. Thus, for Monday deliveries in Romania, the energy was traded at EUR 83.10 ...
Ten new companies entered electricity, natural gas and green certificate markets
Thursday, January 10, 2019
Ten new companies entered electricity, natural gas and green certificate markets administered by OPCOM, in December 2018, according to market operator OPCOM. We are talking about Energy Gas Provider (PCGN, PZU-GN), Serinus Energy Romania (PZU-GN, PCGN), Axpo Energy Romania (PZU-GN), smart Biz Management (PCV), Apuron Energy (PC-OTC), Wind Photovoltaic PPP (PI) and Alfa Land (PI). At the end of December, 374 participants were ...
Francois-Regis Mouton (IOGP): If everything is set right, investors will come
Thursday, January 10, 2019
With over 80 members around the world, the International Association of Oil and Gas Producers – IOGP – represents most of the world’s leading publicly traded, private and state-owned oil and gas companies, industry associations and major Upstream service companies. When we met in Bruxelles, few weeks ago, Mr. Francois-Regis Mouton – IOGP EU Affairs Director, spoke about Europe’s rising dependence on imports of oil and ...
Hidroelectrica will not pay compensation to Energy Financing Team AG, Bern’s Arbitration Tribunal decided
Thursday, January 10, 2019
Hidroelectrica won the trial against Energy Financing Team (ETF) company at the Arbitration Tribunal in Bern, Switzerland, at the end of 2018. The Arbitral Tribunal fully rejected EFT AG’s claims in the amount of EUR 80 million (reduced during the trial after Hidroelectrica’s defense statements at EUR 42.6 million plus interest of 5 percent per year starting in 2013), representing compensation for the alleged Hidroelectrica ‘s culpable non-execution of the ...
Solar households to be paid for excess power after UK government U-turn
Thursday, January 10, 2019
The UK government has made a U-turn on its decision to end the solar “export tariff”, confirming that households which install solar panels in the future will be paid for excess power they generate and send to the grid. EURACTIV’s media partner edie.net ...
EPG questions the consumption forecasted in the Romanian NECP draft
Thursday, January 10, 2019
In a first analysis of Romania’s Integrated National Energy Climate Plan (NECP) draft, which has just been launched in public debate for a few weeks, the Energy Policy Group (EPG) experts note that “in general, the NECP draft suffers from a lack transparency and rigor as regards the analytical basis and the necessary methodological clarifications”, energynomics.ro reas. The main shortcomings, according to the EPG, are the excessively optimistic estimation of ...
European Commission says distorted, inadequate interventions on gas market could put investment at risk
Thursday, January 3, 2019
The distorted, inadequate interventions on the natural gas market could put the investment at risk and delay the gas production from the Black Sea offshore deposits, thus affecting the development of the relevant infrastructure for the safety of supply and solidarity in the Energy Union, the European Commission says.The EC specifies that it took note of the OUG on the gas price presented by the Romanian governement on 18 December and that it will assess it ...
Higher fuel prices as of January 1, 2019
Thursday, January 3, 2019
Fuel prices will increase as of January 1, 2019. The litre of fuel will cost by RON 0.20 more, resulting in costs by RON 10 higher for a 50 litres full tank. The increases are the consequence of increased excise duties, calculated according to the inflation rate, realitatea.net reports. The price of fuel has decreased in the past two months, with the litre of petrol costing RON 5 and the litre of diesel fuel RON 5.30. This level will increase by RON ...
TeraPlast and E.ON Energie Romania sign a 1.9 million euro agreement for energy efficiency solutions
Thursday, January 3, 2019
E.ON Energie Romania will build a photovoltaic power plant in TeraPlast Industrial Park, part of a strategic partnership estimated at 1.9 million euros, energynomics.ro reports. The construction of the photovoltaic power plant has as its main objective the distributed production of electricity from renewable sources, using the solar energy and supplying the produced energy to the consumers connected to the power plant, states a press ...
Romania's final energy consumption to go up annually approx 2.4pct by 2022
Thursday, January 3, 2019
Romania's final energy consumption will increase between 2019 and 2022, with annual jumps of approximately 2.4 percent, the Energy Balance Forecast published in December by the National Commission for Strategy and Prognosis (CNSP) showed.Thus, in 2019, Romania's total energy consumption is estimated at 24.06 million tonnes of oil equivalent (toe), up 2.4 percent year-on-year. In 2020, the indicator will register an increase of 2.5 percent up to 24.66 million toe. ...
Financial Times: Romania shocks investors with bank and energy tax plans
Thursday, January 3, 2019
Romania’s government announced a swath of corporate taxes as part of a plan to raise 10 billion lei (€2.1bn) to address a budget deficit, sending the country’s stock market plummeting, energynomics.ro informs. The measures are being introduced to try to ease a budget shortfall and keep Romania within the EU’s fiscal rules, which allow a deficit of 3 per cent of gross domestic product. The deficit was 2.2 per cent at the end of ...