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Energy & Environment
CCIR:Discussion about revival of AGRI project,resumed against problems regarding European energy independence
Thursday, November 7, 2024
The excellent relations developed over time between the business communities in Romania and Azerbaijan and the major problems we face regarding European energy independence oblige us to resume the discussion about the revival of the AGRI (Azerbaijan - Georgia - Romania Interconnector) project, argues the chairman of the Romanian Chamber of Commerce (CCIR), Mihai Daraban.On Wednesday, November 6, the President of the CCIR had an official meeting with Gudsi Osmanov, the ...
Rompetrol Quality Control, 20 years of excellence in the field of technical analysis
Thursday, November 7, 2024
Rompetrol Quality Control (RQC), the laboratory division of the KMG International Group, celebrates 20 years since its establishment. Since 2004, the company has carried out over 12.5 million technical analyses, directly supporting the Petromidia Navodari and Vega Ploiesti refineries, as well as the only petrochemical division in Romania. The company, which employs 215 employees, 80% of whom are women, is a landmark in the market of providers of ...
Bulgaria and Romania grant Recovery and Resilience funding to gigawatts of energy storage
Thursday, November 7, 2024
Bulgaria supports 3.1GW of renewables and 1.1GW of storage The Ministry of Energy revealed the results last week (2 November) for the EU-backed ...
Energy Ministry signs MoU with Itochu for Tarnita-Lapustesti pumped storage hydropower plant project
Thursday, November 7, 2024
The Romanian Ministry of Energy and the Japanese company Itochu Corporation have signed a Memorandum of Understanding for the development of the Tarnita-Lapustesti pumped storage hydropower plant, a project of strategic importance for balancing the national energy system, the ministry informs in a press release.The memorandum was signed at the first edition of the Romania-Japan Energy Forum, taking place November 4-5, 2024, in Bucharest. The Forum is organized by the ...
Hidroelectrica, Norwegian company SINTEF launch joint project in electricity production
Thursday, November 7, 2024
The companies Hidroelectrica (from Romania) and SINTEF (from Norway) have started the implementation of the project "Networking, Exchange, Sharing and Transfer of Knowledge, Technology, Experience and Practices in the field of electricity production in hydropower plants," Hidroelectrica informs in a press release sent on Monday.In March 2024, the first information regarding the opening of the "Open Call for Bilateral Cooperation in the Green Transition" got published. The ...
Romcim completes construction of wind farm that directly supplies its cement factory in Medgidia
Thursday, November 7, 2024
Romcim, a member of building materials producer CRH Group, has completed the construction of a wind farm that directly supplies its cement factory in Medgidia - Constanta County, the company announced on Friday.According to the cited source, the wind farm includes 5 turbines with a total installed capacity of about 30 MW and an estimated annual net output of about 80 GWh, which will be entirely used for the factory's own consumption, covering a significant percentage of the ...
Fitch affirms Romania's Nuclearelectrica at 'BBB-', outlook stable
Thursday, November 7, 2024
Fitch Ratings has affirmed Romanian-based nuclear power generation company S.N. Nuclearelectrica S.A.'s Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, the company reported on Friday in a statement to the Bucharest Stock Exchange (BVB)"The BBB- rating, with stable outlook, reflects, according to the report published by Fitch Rating Agency, the strong market position as the sole producer of nuclear energy, covering approximately 20% of Romania's ...
Gross energy consumption, down by 3.5% in 2023, petroleum products import, up by 29.3%
Thursday, November 7, 2024
Imports of energy resources decreased by 5.5% in 2023 compared to the previous year, while gross domestic energy consumption decreased by 3.5% and final energy consumption recorded a 3.2% decline, it shows provisional data published on Friday by the National Institute of Statistics (INS).According to the quoted source, at a general level, the total energy resources available in 2023 have decreased compared to those in 2022, up to 42 million tons of oil equivalent (toe), ...
Coal production down by 18.4% in first 8 months of 2024, imports decreased by 15%
Thursday, November 7, 2024
Romania's coal production exceeded, in the first eight months of this year, 1.264 million tons of oil equivalent (toe), being 18.4% lower (minus 248,800 toe) compared to the same period in 2023, according to centralized data by the National Institute of Statistics (INS).Coal imports were, in the mentioned period, 128,400 tep, down 22,700 tep (minus 15%) compared to January-August 2023.The dynamics of coal production and imports are expected to decrease, in ...
ANRE: On August 31 target of 2,000 MW installed by prosumers, exceeded
Thursday, November 7, 2024
The target of 2,000 MW installed by prosumers was exceeded on August 31, as a total of 2,058 MW were installed, the president of the National Energy Regulatory Authority (ANRE), George-Sergiu Niculescu, announced on Friday."I have just received the situation regarding the number of prosumers that are connected, a situation completed on August 31, 2024, and I want to inform you that we have exceeded the target of 2,000 MW installed. There are a total of 2,058 MW. Basically, ...
Energy minister: We cannot afford to retire coal-fired capacities with no replacement
Thursday, November 7, 2024
Energy Minister Sebastian Burduja said on last Thursday, on the occasion of the completion of refurbishment works at Unit 5 of the Rovinari Thermal Power Plant of the Oltenia Energy Complex (CEO) that "one cannot shut down coal-fired facilities without putting something else in place.""We cannot afford to retire coal-fired generators without replacing them with gas-fired power plants, so we cannot give up continuous coal-fired power generation without having a replacement ...
Romanian, Moldovan energy ministers sign Memorandum of Understanding
Thursday, October 31, 2024
The minister of energy, Sebastian Burduja, on Thursday signed in Chisinau a memorandum of understanding with his counterpart from the Republic of Moldova, Victor Parlicov, on the development of joint projects and partnerships to promote innovation in the energy field, in the two countries, informs a press release of the Ministry of Energy sent on last Friday."This step means the continuation of a process that Romania has been dedicated to: that of ...
Romania, the Largest Natural Gas Producer in the EU
Thursday, October 31, 2024
Romania became, for the first time, the largest gas producer in the EU, followed by the Netherlands in second place and Germany in third place, the European Commission’s quarterly Gas and electricity market report states. Until now, Romania was the second producer of natural gas in the European Union, after the ...
Romania gets EUR1 billion for new energy investment from EU's Modernisation Fund
Thursday, October 31, 2024
On the sidelines of a meeting of the Investment Committee of the EU's Modernisation Fund that took place on October 22, 2024, in Budapest, Romania's Ministry of Energy got non-repayable funding for all its six priority investment proposals submitted, EUR 1.1 billion, the first EUR 860 million of which will be transferred to Romania by the end of 2024.According to a press release from the ministry, the six investment projects qualifying for the new funding ...
Rompetrol Rafinare implements new public alarm system on Petromidia platform
Thursday, October 31, 2024
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has implemented a new alarm system at the Petromidia Navodari platform through an investment of approximately $700,000, the company said in a release."Continuous investments and the development of projects with an impact on safety, including the implementation of new protection systems, both for our employees and for the nearby population, are major priorities for Rompetrol ...
EnergMin Burduja: Regional energy security depends on increased use of nuclear energy
Thursday, October 31, 2024
Regional energy security depends on increased use of nuclear energy, and the development of local capacities and supply chains is mandatory, Energy Minister Sebastian Burduja said on Wednesday.He participated in the Suppliers' Day "Partners for Nuclear Excellence", an event organised by Nuclearelectrica in partnership with the Chamber of Commerce and Industry of Romania (CCIR)."The nuclear sector supports 1 million jobs in the EU, with the ...
Support and financing in development of climate neutrality plans for 10 cities selected by M100 platform
Thursday, October 31, 2024
The cities of Alba Iulia, Bistrita, Brasov, Bucharest, Buzau, Constanta, Iasi, Oradea, Resita and Timisoara have been selected to become climate neutral by 2035, the national platform M100 announced on Tuesday.In the coming years, these cities will receive support in the development of climate neutrality plans and will be financed to implement actions that will help them in the green transition.The 10 cities were chosen by an international jury ...
OMV Petrom estimates total impact of new tax on turnover will be below 50 million euros
Thursday, October 31, 2024
The OMV Petrom Group estimates that the total impact of the new tax on turnover will be below 50 million euros this year, and the legislative measures introduced for the natural gas and electricity markets will have a negative impact of tens of millions of euros."The legislative measures introduced for the natural gas and electricity markets remain in force, most of them until the end of March 2025. An emergency ordinance of the Government, in force from ...
Trans-Oil Group, Owned by Vaja Jhashi, Acquires Frial Terminal in Constanta Port
Thursday, October 31, 2024
The Trans-Oil Group announced the signing of a Share Purchase Agreement (SPA) for the acquisition of Frial Terminal, located in the Port of Constan?a, Romania. The SPA was signed on Friday, 25 October 2024, marking a key milestone in the Group’s long-term strategy to expand its presence in the vital Black Sea logistics hub, says a company’s press release. Frial Terminal boasts a ...
Romania imported by 6.2pct less natural gas in January-August 2024 against the same interval in 2023
Thursday, October 31, 2024
Romania imported a quantity of natural gas of 1.186 million tonnes of oil equivalent (toe), in January-August 2024, by 6.2pct (-77,900 toe) less than in the similar period last year, according to the data centralized by the National Institute of Statistics (INS).The domestic production of natural gas totaled, in the mentioned period, 5.056 million toe, being 1.4% above that of the period January-August 2023 (+69,000 toe).According to the ...