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Energy & Environment

ANALYSIS. Romanian gas market: the return of the Russians

Thursday, July 18, 2019

For years, Romania was considered one of the least dependent countries on Russian gas imports, as it had its own resources covering most of its domestic demand. But commentators say things are about to change this year, mainly due to new regulations. After 2013, Romania’s gas imports from Russia rapidly declined, reaching a decades-low of 163,000 tep in 2015. But imports rose again in 2016. In 2017, imports of natural gas ...

Ministry of Energy issues to ExxonMobil license for geotechnical study in Tuzla

Thursday, July 18, 2019

The Ministry of Energy has issued on last Tuesday to ExxonMobil the license to carry out an onshore geotechnical study in Tuzla to build a gas measuring station, a press release issued by the ministry informs. The site where drills and measurements will be made consists of three plots of land with a total area of over 200,000 square meters. The license was issued following the request from ExxonMobil Exploration and Production ...

Gas imports up 5.6 pct in first four months of 2019; production, down 0.4 pct

Thursday, July 11, 2019

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Romania imported in the first four months of 2019 2.803 million tonnes of oil equivalent (toe) worth of usable natural gas, by 5.6 percent (147,600 toe) more than in the same period of 2019, show figures centralised by the National Institute of Statistics (INS).The domestic natural gas production in the reporting period stood at around 1.1 million toe, by 0.4 pct (4,600 toe) below the one in the January-April 2018 interval.According to Romania's Energy Strategy, ...

Environment Ministry prepares EUR 3 bln projects from EU funds in 2021-2027

Thursday, July 11, 2019

Environment Ministry prepares EUR 3 billion projects from European cohesion funds in the 2021-2027 EU long-term budget. Future investments target mainly waste management, air quality and biodiversity. Romania has proposed to the EU a comprehensive investment program for the future financial exercise: separate collection infrastructure, intelligent systems for implementing the ” pay-as-you-throw” principle, upgrading the waste sorting infrastructure, investing in ...

Romania could buy hydrogen-fueled trains

Thursday, July 11, 2019

Romania could become the first country in Central and Eastern Europe to buy hydrogen-fueled trains for passenger rail transport, according to Club Feroviar online publication quoted ...

Amerocap reportedly earmarked USD 100 mln to invest in Romania's Oil Terminal Constanta

Thursday, July 11, 2019

US investment fund Amerocap considers three alternative scenarios for investing over USD 100 million in the Romanian oil terminal (Oil Terminal Constanta, OTC) at the Black Sea, according to the non-binding offer submitted by the investment fund ...

Govt. considers abrogating 2% turnover tax for energy companies

Thursday, July 11, 2019

The 2% turnover tax levied to companies in the energy sector under the so-called “greed ordinance” OUG 114/2018, will be eliminated, according to official sources quoted ...

Wired: Romania’s electricity sector switches to turbulent mode

Thursday, July 11, 2019

Romania was long an electricity exporter in the region as its Communist-built power supply industry was large and diversified. But the situation has changed dramatically this year due to lack of investment, poor management and regulatory changes, say pundits.  “Electricity is really just organized lightning,” the American comedian George Carlin once said. The key word in this sentence is “organized”, many energy experts would add. In order to get ...

Price of Romanian natural gas has become 33 pct higher than import gas price, in June

Thursday, July 11, 2019

The price of natural gas domestic production has increased by 33 percent as compared to that of import gas in June, according to data published by the Romanian Commodities Exchange (BRM).Thus, in June, the Romanian gas price was the same as in May, namely 101.24 lei per MWh, the highest monthly average ever recorded on the commodities exchange.This despite the fact that, as a rule, the gas price is low in June, as consumption is low. For comparison, in June 2018, the ...

Coal production down 7.8 per cent in January-April, imports up 23.7 pct

Thursday, July 11, 2019

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The coal production in Romania reached 1.284 million tonnes of oil equivalent in the first four months of the year, by 7.8 per cent (108,000 toe) below the level recorded in the same period last year, according to data provided by the National Institute of Statistics (INS).In the same interval, Romania imported 175,800 toe net coal, by 33,700 (23.7 per cent) more than the quantity imported in January - April 2018.According to the Energy Strategy project published on ...

Fondul Proprietatea: Selling 8pct of Petrom to employees a nightmare, since legislation not clear

Thursday, July 4, 2019

The gov't intent to sell up to 8 percent of the Petrom shares to its employees will be a complex process that will generate litigations to stretch on several years, since the legislation is not clear as regards the beneficiaries and what is exactly the percentage in shares, on Friday asserted in a press conference Johan Meyer, CEO Franklin Templeton Investments and Fondul Proprietatea Fund Manager."If such a transaction occurs, the Government will sell up to 8 ...

Il Sole 24 Ore: Enel SpA could leave the Romanian market

Thursday, July 4, 2019

Enel SpA, the largest utilities company in Europe, is considering the possible sale of its assets in Romania, ‘Il Sole 23 Ore’ informs. Among those interested in the Enel assets in Romania are the Australian fund Macquarie, GIC – the Singapore sovereign investment fund and an investment fund from Kuwait specialized in infrastructure, Wren House, the source ...

BRM launches the service of Central Counterpart on the natural gas market

Thursday, July 4, 2019

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The Romanian Stock Exchange for Goods ( Bursa Romana de Marfuri - BRM) launches in July the market of standardized goods on medium and long term for the trading of natural gas, as BRM insures the services of Central Counterpart according to a press release.‘To meet the needs of the participants on the natural gas market and with the purpose of sustainable development of the market in general, BRM launches starting with July 2019 the service of Central ...

OMV Petrom starts new drilling campaign in the Black Sea

Thursday, July 4, 2019

OMV Petrom, the largest Romanian energy company, started new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. Two new wells will be drilled by the end of the year, requiring investments of over 30 million ...

Competition Council Launches ‘Fuel Prices Monitor’

Thursday, July 4, 2019

Competition Council launches ‘Fuel Prices Monitor’ The Competition Council has launched, on Monday, the ‘fuel prices monitor’, an online platform which ...

ANRE: Regulated gas price drops by more than 5% as of July 1

Thursday, July 4, 2019

The National Regulatory Authority for Energy (ANRE) decided last Monday to reduce the gas prices on regulated regime by over 5% for all households, as of July 1, the authority ...

Romania's electricity imports up 80pct, exports fall to half January through March

Thursday, July 4, 2019

Romania imported by 80pct more electricity in the first three months of 2019 against the same period of 2018, whilst its exports halved, according to the last electric power market's monitoring report carried out by the National Energy Regulation Authority (ANRE).So, if the Jan-March 2018, imports saw 0.63 TWh, the same period of 2019 parked at 1.13 TWh. Meanwhile, exports fell from 1.83 TWh to 0.86 TWh.The domestic consumption dropped by 2.7pct, from ...

E-DISTRIBU?IE MUNTENIA INVESTS OVER 62 MILLION LEI IN MEDIUM AND LOW VOLTAGE NETWORKS IN 2019

Thursday, July 4, 2019

  E-Distributie Muntenia has planned for this year investment projects amounting to 62.6 million lei (approx. 13 million euros) in the medium and low voltage networks in Bucharest, Ilfov and Giurgiu, in order to improve the quality of the electricity distribution service and the security of supply for about 160,000 customers. In Bucharest, the most important project is the transition to 20KV of the 6kV and 10kV networks in the areas Bucharest ...

Romanian national parks and forest at risk

Thursday, July 4, 2019

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Romania hosts the largest remains of natural and old growth forests in the whole of the EU. However, they are not on the safe side yet, writes Luc Bas for euractiv.com. Luc Bas is the European director for the International Union for the Conservation of Nature (IUCN). The new Global Assessment report by the “World Biodiversity Council” (IPBES) makes clear that we are not just facing a dangerous climate ...

Romania will put coal between brackets at huge speeds

Thursday, June 27, 2019

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Romania will put coal in brackets at a huge speed following the decision of the European Commission to increase the percentage of renewable energy, which is a very stressful test for Romania, said the president of the Romanian National Committee for the World Energy Council – CNR-CME, Iulian Iancu. “The whole energy sector is going through huge shocks, and we, Romania, are subjected to one of the largest, say, stress tests, in that the ...

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