The Neptun Deep project in the Black Sea, which is set to become the largest gas production project in the European Union, has attracted new buyers, operator OMV Petrom SA said. The company, which aims to deliver the first gas from the Neptun Deep project in 2027, has recently concluded “several” agreements and also signed […]
The Minister of Energy, Bogdan Ivan, has developed a set of ideas, which would take the form of a memorandum to be passed by the Government, with the aim of reducing electricity bills. Here are the measures envisaged, according to the document we have seen, with the mention that this is not the final form […]
Econergy, one of the leading renewable investors in Romania, announces that its 87 MW photovoltaic project in Oradea, Romania, has been successfully connected to the national grid and has commenced commercial operation. The Oradea project, indirectly owned by Econergy International Limited (UK), represents Econergy’s fourth operational photovoltaic project in Romania, bringing the company’s connected and […]
Rompetrol Rafinare recorded significant operational growth and improved financial indicators in the first half of 2025, driven by increased volumes of processed raw materials as well as petroleum products sold both domestically and internationally. The company continued to play an important role in ensuring fuel supply stability on the domestic market and in the Black […]
Serbia and Romania plan to sign a memorandum of understanding (MoU) on the construction of the Iron Gates (Djerdap) 3 reversible hydroelectric power plant on the Danube River as soon as possible, Serbian Energy Minister Dubravka Djedovic Handanovic said on Monday, adding that the document is currently being finalized, according to SeeNews. “The construction of […]
Hungarian Foreign Minister Péter Szijjártó has announced an agreement with “Serbian and Russian colleagues” to build a new oil pipeline between Serbia and Hungary, aimed at boosting imports of Russian crude oil – just as the EU is pushing to finally exclude the Kremlin from its energy market, according to Euractiv. Szijjártó blamed the EU’s […]
Final electricity consumption increased by 1.3%, but production fell by 10% in the first five months of the year, according to data from the National Institute of Statistics (INS). Energy imports increased by 67%. Electricity production in the first five months of the year was 10% lower than in the same period in 2024, recording […]
Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources familiar with the plans told Reuters. The plan to sell the plants is part of a broader divestment of assets that could raise tens of billions of dollars. The potential sale of four or five gas-fired power plants that […]
Russia’s oil and gas export revenues fell 33.7% year-on-year in June to 494.8 billion rubles ($6.29 billion), the Finance Ministry said, as oil prices fell and the ruble appreciated, Reuters reported. These revenues are the Kremlin’s most important source of cash, accounting for about a third of total federal budget revenue over the past decade. […]
The International Atomic Energy Agency (IAEA) and the World Bank have signed a collaboration agreement to promote the use of nuclear energy in developing countries with financial support, as well as technical support in security matters, reports the EFE agency. The memorandum of understanding, signed Thursday in Paris by the IAEA director, Rafael Grossi, and […]
Rețele Electrice România, part of the PPC group in Romania, recently completed the modernization of the electricity distribution infrastructure on several streets in district 1, Bucharest, following an investment worth over 18 million lei. The project was carried out from own funds and improves the quality of service for approximatively 2300 clients. The interventions were […]
Less than 3% of the Just Transition Fund’s €26.7 billion budget has been spent to help regions and communities transition away from fossil fuels, even though it has been in operation for more than four years, Reuters reports. European Commission data shows that member states have spent just €735 million of the Just Transition Fund’s […]
Four construction associations from Romania, Turkey and Ukraine have submitted bids for the construction of Lot 6 (Târgu Cărbunești-Târgu Jiu), with a length of 19.5 kilometers, announced on Wednesday the Minister of Transport and Infrastructure, Sorin Grindeanu, on his Facebook page. ‘The Craiova-Târgu Jiu high-speed road is going through a new important stage! This lot […]
Renovatio Trading, a business of Romanians who operate in many sectors of the energy sector, is to extend its electricity supplier license. “Draft decision and report on granting the license for the activity of supplying electricity to the company RENOVATIO TRADING SRL”. This is one of the decisions that the ANRE Regulatory Committee will take […]
