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Energy & Environment

Government will treat carefully subject of Black Sea gas starting with December

Thursday, October 1, 2020

The Romanian Government desires the exploitation of gas resources in the Black Sea and will treat carefully the subject starting with December, so that there are no discussions that would affect these projects, said, on Thursday, Tanase Stamule, adviser on economic issues to the Prime Minister of the Romanian Government, in the online conference "Energy on line", organized by the Bursa newspaper."In what regards the Black Sea, there is a ...

The changing fortunes of Romania’s ‘wind power academy’

Thursday, October 1, 2020

A professional reconversion scheme for coal workers that was once billed as Romania’s most ambitious green jobs programme to date has fallen into disarray one year after its launch following the recent change of government, euractiv.com reports.   When it was inaugurated last year, the training programme brought new hope to Romania’s Jiu Valley. The region faces economic and social difficulty after more than 20 years of industrial decline ...

ROMATOM: Favorable decision for the nuclear energy adopted by EU Court of Justice in Hinkley Point case

Thursday, October 1, 2020

The Romanian Atomic Forum ROMATOM welcomes the decision of the Court of Justice of the European Union issued on September 23, 2020, regarding the compliance with European legislation of the financing mechanisms for the construction project of a new nuclear power plant at Hinkley Point C in Great Britain, following the appeal filed by Austria regarding the implementation of this project, according to a statement published on the organization’s ...

Adrem: Cities can benefit from Energy Hub solutions

Thursday, October 1, 2020

  All investments in a smart city project should have concrete results in subsequent budgets, through savings and return on investment, said Andrei Berechet, Business Development Director, Adrem, during the event “Smart choices for smart cities”, ...

Canada-Romania Partnership in Nuclear Technologies (October 20-21, 2020)

Thursday, October 1, 2020

On October 20-21, the Organization of Canadian Nuclear Industries (OCNI), ROMATOM, Energynomics, Nuclearelectrica and the Embassy of Canada to Romania are organizing the “Canada-Romania Partnership in Nuclear Technologies” online ...

The price of natural gas will remain constant this winter, without syncopes in supply

Thursday, October 1, 2020

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Although the natural gas market is undergoing a major transformation and we will see increases in the price of commodity gas compared to current prices, this increase will not be felt by most domestic gas consumers.   “There will be no problems in providing gas to consumers due to the large quantities of gas in storage facilities and the development of gas transmission infrastructure,” reads an analysis of the Intelligent Energy Association ...

Nord Stream 2 must be stopped immediately

Thursday, October 1, 2020

Allowing the construction of Nord Stream 2 has been a mistake from the beginning and should be stopped immediately, argues Urmas Paet for euractiv.com.   Urmas Paet is a Member of the European Parliament from Estonia for the Renew Europe group.   Nord Stream 2 would increase Europe’s energy dependence on Gazprom gas and is in direct conflict with the EU’s core objective of the Energy Union, which ...

Minister Virgil Popescu: reactors 3 and 4 in Cernavoda must be built with partners from the EU and NATO

Thursday, September 24, 2020

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The minister of economy Virgil Popescu stated when referring to the evolutions regarding the building of reactors 3 and 4 in Cernavoda that we have spent too much time in a so-called agreement with a Chinese company and they must be made with partners from the EU and NATO. ‘When referring to reactors 3 and 4 for one year, and even more I keep tellin what we have realised today: practically, we have spent too much- seven years – in a ...

BSOG and GSP launch MGD project, US ambassador criticizes harshly Russia’s position in the region

Thursday, September 24, 2020

The American company BSOG and Grup Servicii Petroliere launched the MGD project, the first Romanian offshore natural gas exploitation project developed by the American company, with a total investment of over 600 million US dollars (400 million dollars in the project and another 200 million in related activities), according to BSOG CEO Mark Beacom. “In fact, Romania should not import any cubic meters of gas,” says Beacom, who claims ...

EconMin Popescu: Romania, important step to ensure it is first country to extract gas from Black Sea

Thursday, September 24, 2020

By starting the works on the sub-marine pipeline within the Midia - MGD natural gas development project, Romania has taken an important step and makes sure that it will probably be the first country to extract natural gas from the Black Sea, the Minister of Economy, Energy and Business Environment, Virgil Popescu declared on Thursday."Today is a big day for Romania, for the strategic partnership between Romania and the United States of America, especially for its ...

Beacom (BSOG): All money paid for gas imports go outside Romania

Thursday, September 24, 2020

Romania must be proud of the resources it has and must work to capitalize them, because nobody wants to import gas from other producers in the Black Sea, said, on Thursday, Mark Beacom, CEO of Black Sea Oil&Gas (BSOG).We must not forget that Romania is not the only country with a Black Sea littoral. It has other neighbors, who, desperately, are trying to reach the moment it is in now. I saw and heard the Turkish President speak of a significant discovery in ...

BSOG's Beacom: It's necessary for all the hostile legislation of investments in Black Sea vanishes

Thursday, September 24, 2020

All legislation hostile to investments in the Black Sea must disappear for offshore projects to gain momentum, Mark Beacom, CEO of Black Sea Oil&Gas, said Thursday.In order for projects in the Black Sea to gain momentum, it is absolutely necessary that all hostile legislation in the Black Sea hydrocarbon fields, which was adopted in 2018, disappears completely. And those rules that at the moment allow foreign companies and foreign producers to bring ...

Comanescu (GSP): We hope that, next year mid-June the first gas from the Black Sea to get in the transport system

Thursday, September 24, 2020

The first gas from the deposits in the Black Sea which are included in the Project for Development Natural Gas Midia in the Black Sea of Black Sea Oil & Gas could get into the national system of transport next year, around June, said on Thursday the chairman of Grup Servicii Petroliere (GSP) Gabriel Comanescu.‘Today this is a special event for Romania, for the partnership between Romania and the US.This project which was started two years ago is getting ...

Claudiu Cazacu, XTB Romania: 2020, a year of great headwinds for the oil market

Thursday, September 24, 2020

* To understand where the price of oil is heading in the second half of the year but also in the medium and long term, Claudiu Cazacu, Strategy Consultant at XTB Romania, one of the largest derivatives brokers in the world and investment company listed on the Warsaw Stock Exchange, prepared a comprehensive analysis.   This year was one of great trials for oil market participants. Dramatic price ...

Coal production fell by more than 37% in first seven months of 2020

Thursday, September 24, 2020

Romania's net coal production totaled 1.357 million tonnes of oil equivalent (toe) in the first seven months of 2020, by 37.1% (800,200 toe), lower than in similar period of 2019, according to data centralized by the National Institute of Statistics (INS).During the mentioned period, Romania imported 226,200 toe of net coal, by 198,500 toe (46.7%) less than the quantity imported in January - July 2019.The main primary energy resources between ...

OMV Petrom confirms it has reduced gas production and is resorting to imports

Thursday, September 24, 2020

OMV Petrom representatives confirm that the company's gas production has been reduced due to the shutdown of the Hurezani facilities, and gas is being purchased from the market, including imports, to ensure gas availability in National Gas Transmission System (SNT)."As announced in REMIT [Regulation on wholesale energy market integrity and transparency], between September 16 and 22, the compressor and gas treatment plant in Hurezani entered the planned ...

Gas imports increase by 0.4 pct in first seven months, and production reduces by 11 pct

Thursday, September 24, 2020

Romania has imported, in the first seven months of 2020, a quantity of usable natural gas of 1.116 million tons of oil equivalent (toe), by 0.4 pct (4,000 toe) more than in the similar period of 2019, according to data centralized by the National Institute for Statistics (INS).The internal natural gas production, in the mentioned period, was of 4.221 million toe, by 11.3 pct (534,000 toe) lower than that in the January-July 2019 period.The main ...

ENEL CFO, AS CO-CHAIR OF U.N. GLOBAL COMPACT’S CFO TASKFORCE, GUIDES LAUNCH OF PRINCIPLES ON INTEGRATED SDG INVESTMENTS AND FINANCE

Thursday, September 24, 2020

Enel Chief Financial Officer Alberto De Paoli participates today in the Global Launch of the CFO Principles for Integrated SDG Investments and Finance, during the United Nations Global Compact (UNGC) Private Sector Forum. The CFO Principles are a set of four values aimed at indicating how companies can align their corporate finance strategies to sustainability commitments in order to create a real-world impact towards the UN Sustainable Development Goals (SDGs). The CFO ...

Nuclearelectrica was included in the Emerging Markets indices of FTSE Russell

Thursday, September 24, 2020

Nuclearelectrica becomes the first majority state-owned Romanian company listed on BVB that is included in the FTSE Russell indices dedicated to Emerging Markets. For the first time in history, the Romanian capital market is included, starting from September 21st, 2020, in the Emerging Markets indices – new investment funds that manage billions of euros will be able to invest in the companies listed on the Bucharest Stock Exchange (BVB), a move that was previously ...

Romgaz to open a supply branch in Turnu Severin

Thursday, September 24, 2020

Romgaz’ Board of Directors approved the establishment of the Drobeta-Turnu Severin Branch, a few days after signing a memorandum with Mehedin?i Gaz for the installation of dozens of small gas-fired power plants in the city. “Romgaz has taken a first step in supplying gas to the end customer,” said Romgaz CEO Adrian Volintiru. “It is a step in the affirmation of ...

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