The Ministry of Energy remains actively concerned with the issue of the systematic blocking of energy projects of vital importance for Romania, for reasons independent of the will of the public authorities or the companies that implement these investments, the relevant minister, Sebastian Burduja, said on Wednesday. His reaction comes after information appeared in the […]
The Commission has today published a call for evidence as part of the preparation for a delegated regulation on ways to help credit institutions identify how they can provide higher financing volumes for the energy renovation of the worst-performing buildings. Based on Article 17 of the recast Energy Performance of Buildings Directive, the secondary legislation will outline a comprehensive […]
ROMGAZ has issued the first tranche of 5-year international bonds, worth EUR 500 million, to support investment plans. The demand from investors exceeded the supply by more than 10 times, and the award interest stood at the level of 4.776%. ROMGAZ, through the proceeds from this issue, will finance the Neptun Deep project as well […]
Investors are submitting another wave of applications to the Montenegrin authorities for permits for their solar energy projects, writes Balkan Green Energy News. Among other things, France-based Qair has asked the Environmental Protection Agency to determine whether an environmental impact assessment is required for the construction of a 49.9 MW unit in Nikšić. It also […]
Hungarian state-owned company MVM is the only investor interested in buying E.On’s gas and electricity supply business in Romania and has also put money on the table. What could follow and, above all, will the Romanian state oppose this transaction? On the last day of September, information appeared in the Romanian press that the Hungarian […]
Norway’s Equinor has bought a 9.8% stake, valued at around $2.5 billion, in Danish offshore wind farm developer Orsted, seeking to strengthen its renewable energy portfolio, Reuters writes. Orsted shares have fallen 69 percent from their 2021 all-time high as the offshore wind sector grappled with rising costs and technical turbine problems. But Equinor said […]
OMV Petrom, the largest integrated energy producer in Southeast Europe, is expanding its natural gas supply business to the Bulgarian market, the oil company said in a press release. Starting from October, industrial consumers in Bulgaria can benefit from OMV Petrom’s offer. By entering the supply market in Bulgaria, OMV Petrom builds on its experience […]
Turkey and Brazil were the main importers of Russian diesel and fuel oil, after the EU completely banned imports of Russian oil products transported by sea, according to data analyzed by Reuters, quoted by Agerpres Before the entry into force of this embargo in February 2023, Europe was the largest buyer of Russian diesel. According […]
Car registrations increased, in Romania, by 6% in the first nine months of this year, compared to the same period in 2023, a margin in which fully electric cars registered a decrease of 37%, according to the data presented on Tuesday, in a press conference, by Dan Vardie, president of the Romanian Automobile Manufacturers and […]
Cristian Hubati, director responsible for the Exploration and Production activity at OMV Petrom, says that the gas extraction project is on schedule, both in terms of time and budget. Drilling will begin next year after the rig is dismantled to cross the Bosphorus and reassembled. “We are on schedule with the Neptun Deep project, and […]
The head of the electricity supply companies of the PPC group in Romania says that the current support scheme for domestic electricity customers needs to be adjusted, in the context of which there are now discussions for its continuation after April 1, 2025, when the market would be liberalized . “Today we have a scheme […]
The gas price on a liberalized market is a unitary resultant of the market value, which represents the value for which a quantity of energy can be exchanged on a set date, between a determined buyer and a determined seller, in a balanced transaction, after adequate marketing , in which each party acts knowingly (informed), […]
The European Commission announced on Monday that it has approved, under EU state aid rules, Romania’s scheme, worth 500 million euros (2.5 billion lei), to support investments in new biofuel production capacities, it is stated in a press release from the Community Executive. Within the scheme, which Romania intends to finance through the EU Modernization […]
The Polytechnic University of Timișoara is hosting, between October 8 and 10, the 7th edition of the Regional South-East European Conference (RSEEC 2024), organized by CIGRE Romania and co-organized by Transelectrica , Delgaz Grid and Electric Networks. The event is supported by CIGRE Paris, marked by the presence of the General Secretary of CIGRE, Philippe […]
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