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Energy & Environment

Natural gas distribution networks are prepared for the transition to hydrogen

Thursday, May 4, 2023

Natural gas distribution networks can be adapted to use a mixture of methane and hydrogen, as is already happening in Germany, for example. The Delgaz Grid company will start, at the beginning of May, a pilot project through which it will test the resistance of the networks and the interest of customers in Media? for this energy source.   “We are ready to convert a large part of our networks to ...

Regional integration of the energy infrastructures will provide security and sustainability

Thursday, May 4, 2023

Every European country should begin working on new infrastructures to use hydrogen and to integrate the national grids into a regional energy structure, said Teodora Georgieva, Executive Officer of Gas Interconnector Greece-Bulgaria (ICGB).   ”Hydrogen is ...

Camera di Commercio Italiana per la Romania (CCIpR) organizes Energy Forum – Renewables

Thursday, May 4, 2023

On Thursday, May 11, 2023, the Italian Chamber of Commerce for Romania (CCIpR) invites you to the Courtyard Bucharest Floreasca, for a forward-looking perspective into Romania’s energy transition roadmap and the immediate plans emerging from the national “energy ...

Ember: Europe’s power system went over winter due to low demand and renewables

Thursday, May 4, 2023

Europe’s power system weathered a turbulent winter with the help of reduced demand combined with record renewable generation. A coal ‘comeback’ never materialised, as EU coal power fell compared to last Winter, a new Ember study reveals.   ”As Europe headed towards the end of 2022, the ongoing gas crisis combined with low nuclear and hydro output led to concerns about how countries ...

EY Energy Consumer Confidence Index: Wavering consumer confidence could stall the energy transition, new index finds

Thursday, May 4, 2023

* As the impact of the energy transition hits home, consumer confidence drops, and lower-income demographics feel left behind Energy transition success hinges on building consumer confidence: cross-sector, cross-government collaboration required, ...

Commission calls on CROATIA to remove restrictions on export of gas and on ROMANIA to remove restrictions on export of electricity

Thursday, April 27, 2023

The European Commission decided to open an infringement procedure by sending a letter of formal notice ...

Moldova-Ukraine-Romania Electricity Market Integration initiative is aimed at increasing electricity flows

Thursday, April 27, 2023

  The coupling of the Romanian, Moldovan and Ukrainian markets is intended to increase electricity flows as well as to develop market monitoring capacities through regional cooperation and, in the longer run, to help establish national capacity markets or a sub-regional capacity market to ensure the security of power supplies, the National Energy Regulatory Authority (ANRE) said in a release.The launch of the Moldova-Ukraine-Romania Electricity ...

The European economies most affected in the event of a new sudden increase in energy prices: Romania, Hungary and the Czech Republic

Thursday, April 27, 2023

According to EY European Economic Outlook, euro area economic growth surprised on the upside, with stagnant GDP in Q4 2022 and likely modest growth in Q1 2023, quelling previous expectations of an imminent recession. Inflation has passed its peak (10.6% in October 2022) and begun to decelerate, driven by falling energy prices and base effects.   In coming quarters, declining inflation will bring some ...

Transgaz and E.ON to consolidate Romania’s energy security in the context of Green Energy Transition

Thursday, April 27, 2023

Transgaz and E.ON Romania have signed on April 20th, in Bucharest, a “Memorandum of Understanding” planning to cooperate in order to consolidate Romania’s energy security by aligning and correlating the development strategies regarding the natural gas infrastructure with the European Green Deal provisions and other European legal provisions in the field, ...

Sunflower Hundred invests over 100 mln. euro in a solar panel factory in Dambovita

Thursday, April 27, 2023

Sunflower Hundred will invest in a first stage more than 100 million euro in Romania, in a solar panel factory with an annual capacity of 1 GW. The company from Hungary will build the factory of almost 15,000 square meters on a land of almost 5 hectares in Dambovita county, where solar panels with a maximum power of 600 and 410 W, respectively, will be produced.   According to the investment plans, the ...

AEHR: Green Deal has reopened discussions on hydrogen in Romania

Thursday, April 27, 2023

Romania has been producing hydrogen for over 100 years, but this industry has been neglected and only after Green Deal the discussions on this topic have been resumed, said Ioan Iordache, president of the Romanian Hydrogen Energy Association (AEHR), at the ...

Keno enter the Romanian market with solar, heat pumps and installation systems

Thursday, April 27, 2023

Keno, one of the largest players in the renewable energy industry in Poland, has announced its official entry into the Romanian market. The Keno Group specializes in the production of solar panels, heat pumps, switchboards and isntallation systems. It is also the developer and manufacturer of Keno Home self-sustainable modular homes. The Polish company is already present in Germany, Great Britain, Norway, Poland, Hungary and the Czech ...

OMV hydrocarbon production reached 116,300 bep/day, în Q1, 2023

Thursday, April 20, 2023

In quarter 1, 2023, OMV Petrom had a hydrocarbon production of 116,300 bep/day, 4.13% lower than in the same period of 2022 (121,300 bep/day), according to data sent to Bucharest Stock Exchange.   Crude production was 56,000 bep/day (minus 4%), while that of natural gas was 60,300 bep/day (minus 4.3%).   In the first three months of the ongoing year, the total hydrocarbon sales volume was 111,400 bep/day, 4.4% lower ...

BCR coordinated up to USD 600 million syndicated credit facility for Rompetrol

Thursday, April 20, 2023

KMG International Group signed a new syndicated credit facility of USD 531.8 million, with the possibility to be increased up to USD 600 million.  The loan will be used by KMG International – ROMPETROL RAFINARE S.A. (operator of Petromidia Navodari and Vega Ploiesti refineries), ROMPETROL ...

Population energy consumption down 18.2pct, in first two months of 2023

Thursday, April 20, 2023

Romania's energy resources in Romania increased by 3.3pct in the first two months of this year compared to the same period in 2022, while population consumption decreased by 18.2pct, according to data published on Thursday by the National Institute of Statistics (INS).According to the official statistics, primary energy resources fell by 6.4pct between January 1 and February 28, 2023, compared to the same period last year, totaling 5.158 million tons of oil equivalent ...

Schneider Electric doubles down on sustainable, digital industrial transformation at Hannover Messe

Thursday, April 20, 2023

Schneider Electric, the leader in the digital transformation of energy management and automation, will unveil an array of new technologies and software solutions at ...

Gas imports, down by almost 65% in the first two months of 2023

Thursday, April 20, 2023

Romania imported, in the first two months of 2023, a quantity of usable natural gas of 175,300 tons of oil equivalent (toe), 64.9% (-324,500 toe) less than in the same period last year, according to the data centralized by the National Institute of Statistics (INS).The domestic production of natural gas was, in the mentioned period, of 1.258 million toe, with 7.2% (84,000 toe) over that of the period January-February 2022.The National Strategy and Forecasting ...

KPMG Global Economic Outlook - H1 2023: Inflation and supply chain fears easing, but global economy continues to face uncertainty

Thursday, April 20, 2023

Sharp falls in inflation to leave behind some of the recent challenges for the global economy. Central banks approaching the end of the tightening cycle partly as a response to recent tensions in the banking system. Easing supply chain pressures and resilient labor markets to support recovery but uncertainty about the outlook remains high. KPMG forecasts world GDP growth of ...

Romgaz signs gas sale-purchase contract with Engie Romania of almost 853 mln RON

Thursday, April 13, 2023

National Gas Company Naturale Romgaz signed with Engie Romania a contract for the sale and purchase of natural gas in the amount of 852.8 million RON, according to a report submitted on Friday to the Bucharest Stock Exchange.The contract covers the period April 1 - November 1, 2023. Payment is to be made within 30 days of invoicing, and in case of delay the penalties will be 0.1% per day.With a history of more than 100 years, Romgaz has a vast ...

Nuclearelectrica completes operationalization of Feldioara Branch for the development of the integrated nuclear fuel cycle

Thursday, April 13, 2023

  SN Nuclearelectrica SA announces that it has completed the operationalization of Feldioara Branch during January-March 2023, as part of its development strategy of the Romanian integrated nuclear fuel cycle.   On December 28, 2022, the acquisition of some assets of the tehnical uranium concentrate processing stream from CNU Feldioara Subsidiary was completed, as well as the acquisition of a property ...

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