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Energy & Environment
Hungarian energy group MVM includes Romania in its expansion strategy
Thursday, July 9, 2020
Romania and the Czech Republic, apart from Western Balkans, are among countries with potential acquisition targets for Hungary’s state-run energy group MVM, the company’s Chairman and CEO Gyorgy Kobor said in ...
ANRE: All participants on gas market, including importers, required to sell 40 pct of deliveries on stock exchange
Thursday, July 9, 2020
All the companies that sell gas wholesale on the market in Romania, including those that run imports, are required to trade on the stock exchange 40 pct of their deliveries, at a starting point established by the National Authority for Regulation in Energy (ANRE), according to draft orders initiated by the authority."In the July 1, 2020 - December 31, 2022 period, all participants on the natural gas market, with the exception of producers the annual production of ...
EconMin Popescu: I wish Romgaz be part of consortium to start gas exploration in Black Sea
Thursday, July 9, 2020
The Minister of Economy, Energy and the Business Environment, Virgil Popescu, stated on Wednesday that he wishes that Romgaz be a part of the consortium that will start gas exploring in the Black Sea, because only in this way can the distribution network for natural gas be extended."Romgaz is negotiating to start investments in exploiting gas in the Black Sea and I wish them to be part of that consortium that will start exploiting gas in the Black Sea, because ...
E-DISTRIBUTIE COMPANIES – 51 MILLION EUROS INVESTMENT IN SMART METER PROGRAMME IN ROMANIA DURING 2015-2020
Thursday, July 9, 2020
By the end of 2020, almost 900,000 customers of the Enel Group’s Romanian distribution companies will have smart meters This year’s smart meter project will involve an investment of over 56 million lei (approximately 12 million euros) During 2015–2020 the investment made by the distribution companies, part of Enel Group in Romania, in the smart ...
Cristian Badescu: Romania has to diversify its resources and to increase its energy capacities
Thursday, July 9, 2020
The zero emission target for the European Union in 2050 can only be achieved through a set of combined measures in the field of energy efficiency, new renewable energy production and new technologies that will allow us, at least for a transitional period, to use fossil fuels, said at the Energy Strategy Summit 2020, Cristian Badescu, Special Representative for Energy Security in the ...
R. L. Morningstar: Romania’s critical role in Transatlantic Energy Cooperation
Thursday, July 9, 2020
HE Richard L. Morningstar was once again our guest, for the 6th edition of Energy Strategy Summit, on June 30th! This is the message sent by HE Richard L. Morningstar, Former US Ambassador to the European Union and Founding Chairman of the Atlantic Council, prior to the event. HE Richard L. Morningstar participated in the final session of the Summit, for the Closing Remarks, in a dialogue with Mr. Niculae Havrilet, State Secretary in the Ministry of Economy, Energy and ...
Electricity household prices, cut by 1.89pct from July 1
Thursday, July 2, 2020
Regulated electricity prices decreased by an average of 1.89% between July 1 and December 31, 2020, and the market will be fully liberalised from January 1, 2021, according to a press statement released by the National Energy Regulation Authority of (ANRE) on Monday.The decision was made at a meeting of the ANRE Regulatory Committee on Monday, June 29, 2020, when orders for the approval of regulated electricity prices for household customers between July 1, ...
ANRE : Deregulation of gas, electricity markets to have beneficial effects on consumers
Thursday, July 2, 2020
The deregulation of the Romanian gas market, on July 1, 2020, and of the electricity market, from January 1, 2021, will have beneficial effects for household consumers and will attract investors, Zoltan Nagy-Bege, Vice President of the National Energy Regulatory Authority (ANRE), said on Tuesday."Deregulations will have beneficial effects on household consumers, even if not tomorrow, on this market dominated by a small circle of suppliers. In the medium and ...
Energy Security Barometer: 21.5% of Romanians say they are vulnerable consumers
Thursday, July 2, 2020
The second edition of the Energy Security Barometer, launched on Wednesday, reveals that 21.5% of consumers consider themselves vulnerable, in terms of difficulties in paying energy bills. At the time of the survey, less than half of Romanians (48.8%) said they had heard that the natural gas market would be liberalized starting July 1, 2020, while 50.2% had not heard about it. Only 21.5% of Romanians consider that they have ...
PNL and USR attack with CCR the amendments brought to law 33/1994 which allow the construction of hydropower stations in protected natural areas
Thursday, July 2, 2020
Uniunea Salvati Romania –USR announced on Tuesday that, together with the National Liberal Party – PNL attack with the constitutional court the amendments brought by the parliament to law 33/1994 regarding the expropriation for public utility, amendments which will allow the construction of hydropower stations in protected natural areas and which ‘ will have as extremely negative effects for all rivers in Romania and will produce the irreversible ...
EU ministers exclude nuclear, fossil gas from green transition fund
Thursday, July 2, 2020
European Union countries agreed on Wednesday (24 June) that the bloc’s flagship fund to wean regions off fossil fuels should not finance nuclear or natural gas projects, despite calls from some Eastern countries for gas to be eligible for EU funding. The European Commission, the EU’s executive, wants to set up a €40 billion Just Transition Fund, comprised of €30 billion from an EU coronavirus recovery fund and ...
Five bidders reportedly compete for CEZ’s Romanian assets
Thursday, July 2, 2020
India Power Corporation, Hungarian power group MVM (Magyar Villamos M?vek), German utilities group E.ON, and the German financial services group Allianz are reportedly the bidders that compete against the Romanian state-controlled consortium Hidroelectrica - Electrica - SAPE for the Romanian assets of Czech utility group CEZ. The Romanian consortium reportedly submitted its binding offer last week, unofficial sources familiar to the ...
Govt. allows Hidroelectrica to bid for CEZ’s assets
Thursday, July 2, 2020
Hidroelectrica, the largest electricity producer in Romania, received on July 25 the agreement of its majority shareholder, the Economy Ministry, to submit a binding offer for the Romanian assets of the Czech group CEZ. Hidroelectrica will make the bid in a consortium with Electrica and SAPE, also controlled by the state. The approval also allows the company to contract a loan to finance the ...
OMV Petrom wins tender for Black Sea block II license in Georgia
Thursday, July 2, 2020
Romania's top oil and gas group OMV Petrom [BSE:SNP] has won a tender for the Black Sea block II license in Georgia, the country's State Agency of Oil and Gas said on Friday. Before starting drilling, OMV Petrom will carry out two-and three-dimensional seismic exploration works on the perimeter, the agency said in a post on social media. Drilling costs will depend on the exploration results, it ...
OMV Petrom Director, about Black Sea gas: If you want industrialization, extract subsoil resources
Thursday, July 2, 2020
Romania needs to extract its subsoil resources if it wants industrialization, said, on Thursday, the General Director of OMV Petrom, Christina Verchere, in a conference about the internal production of Romania.At this time, Romania is a net importer of natural gas, even though it has the enormous opportunity of natural gas in the Black Sea. What is necessary for this project to advance? This opportunity is unique for Romania, but the project is not ...
OMV Petrom, Romgaz say obligation to trade gas on stock exchange contradicts idea of free market
Thursday, July 2, 2020
The obligation of gas producers, imposed by law, to sell on the stock exchange certain quantities, at certain prices, through the gas release program, which enters into force on July 1, contradicts the idea of free market, say the representatives of the two major gas producers in Romania, OMV Petrom and Romgaz, present on Thursday at the webinar "Black Sea in the New Economy", organized by Sustainable Romania and EM360."This gas release and the trading ...
StateSec Havrilet: Romania has huge offshore wind potential of over 70,000 MW
Thursday, July 2, 2020
Romania has a huge offshore wind potential of over 70,000 MW and it could reach the UK level in this sector within five years, Secretary of State with the Economy, Energy and Business Environment Ministry (MEEMA) Niculae Havrilet stated on Tuesday."There is a huge opportunity for Romania in the offshore wind sector [offshore wind turbines]. There is a potential of 22 GW [20,000 MW] in turbines with fixed foundation, on the seabed, 50,000 MW, respectively, in ...
Payments under state aid scheme for large industrial energy consumers to be made in July
Thursday, July 2, 2020
Prime Minister Ludovic Orban announced on Tuesday that the state aid scheme to support large industrial consumers of electricity is operational, and payment for 2019 will be made in July."The good news was that the state aid scheme adopted by the Romanian government and approved by the European Commission, will be commissioned in July and the plant will benefit from state aid as a large consumer of electricity, under which the cost of carbon dioxide emission ...
EU climate transition needs mineral miners, not coal miners
Thursday, July 2, 2020
The European Union needs to transform its coal-mining regions into the source of minerals for clean technology, such as cobalt and rare earths, if it is to meet its climate goals and curb import reliance, a senior official said on Monday, euractiv.com reads. The European Union has long wrestled with its dependency on imported natural resources. But the debate has gathered momentum as it seeks to ...
EBRD ensures sustainable operations of KazTransGaz
Thursday, July 2, 2020
EBRD €243.5 million package to address liquidity and working capital needs of KazTransGas Contribution to low-carbon strategy of ...