MOL Group and MVM Group have concluded an oil trade agreement aimed at further diversifying energy supply sources in the region, with a particular focus on landlocked Hungary and Slovakia. Through this partnership, MOL could increase the volume of crude oil from other origins processed in its refineries by up to 160,000 tonnes per year. […]
The Tuzla – Podișor gas pipeline, the over 300 km long main line that will take over the Black Sea gas, is over 99% ready and will be officially received in the next 60 days, announced on Friday the Minister of Energy, Sebastian Burduja. ‘Romania is establishing itself as a strategic node of the new […]
The Neptun Deep project will increase energy security in the region and contribute to Romania’s strategy for a low-emission and zero-carbon economy, said Alexandru Maximescu, Vice President of OMV Petrom, at the 9th edition of the ‘Black Sea and Balkans Security Forum’ on Thursday. ‘I am very happy to note that, in the last 2-3 […]
The pipeline that will transport gas from the Black Sea to the shore is almost ready, Transgaz CEO Ion Sterian said on Thursday at the 9th edition of the “Black Sea and Balkans Security Forum”. The completion date is the end of June – the beginning of July. “Transport infrastructure is essential. The potential of […]
Kazakhstan, Romania’s main oil supplier, has also entered the top 3 oil sources of the European Union in 2024, amid the European bloc’s efforts to move away from Russian fuel. Kazakhstan was, last year, in 3rd place in terms of oil supply sources of the European Union, according to the Kazinform news agency citing Eurostat. […]
The European Union will propose to finance ministers from the group of highly industrialized countries (G7) this week to reduce the current price ceiling of $ 60 per barrel, which applies to Russian oil delivered by sea, as part of a new package of sanctions against Moscow, European Commissioner for Economy, Valdis Dombrovskis, said on […]
A Turkish exploration ship has discovered a new natural gas field in the deep waters of the Black Sea, with reserves estimated at 75 billion cubic meters, which would cover the consumption of Turkish households for three and a half years, Turkish President Recep Tayyip Erdogan announced on Saturday, EFE reported. “We have discovered a […]
Marking 3 years since the launch of the REPowerEU Plan, the Commission takes stock of progress towards cleaner, more autonomous and affordable energy. The plan set out measures to phase out Russian fossil fuels, while speeding up the clean energy transition with more emphasis on renewable energy, energy efficiency and saving energy. As a result […]
Romania produced, in the first three months of 2025, a quantity of crude oil of 631,700 tons of oil equivalent (toe), 50,300 toe lower (-7.4%) than in the same period of the previous year, according to data centralized by the National Institute of Statistics (INS). In contrast, crude oil imports totaled, in January-March 2025, over […]
Gastrade, the operator of the Alexandroupolis LNG terminal, announced that the suspension of regasification services, in effect since the end of January, was caused by a technical failure that damaged the booster pumps on board the floating storage and regasification unit (FSRU), according to media reports. The company has since taken all necessary measures to […]
The sole shareholder of Petrosantander Romania, the company of the same name registered in Luxembourg, has decided to close all its offices in Romania, according to a decision published in the Official Gazette. The decision was made at the end of February, and concerns the closure of 16 offices in western Romania. Petrosantander Romania has […]
The Caragele gas field, one of the most promising onshore fields in Romania, reached 2nd place in Romgaz production last year, Energy Minister Sebastian Burduja said on his Facebook page. Here is what Burduja wrote on Facebook: One of our strategic investments is at Caragele. In 2024, production at Caragele was 22.48% higher than in […]
The EU will end its dependency on Russian energy by stopping the import of Russian gas and oil and phasing out Russian nuclear energy, while ensuring stable energy supplies and prices across the Union. The REPowerEU Roadmap, presented today by the European Commission, paves the way to ensure the EU’s full energy independence from Russia. […]
The subject of Russian gas supplies to European countries was raised during negotiations between Moscow and Washington, the Itat Tass agency reported on Friday, citing the Russian president’s foreign policy adviser, Yuri Ushakov. “We raised this topic (of gas supplies to Europe),” Ushakov replied to a question in this regard. Russian gas exports to Europe […]
