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Price of electric power peaks to EUR 100/MWh on the OPCOM spot market

By   /  16/01/2017  /  Energy, RO Energy, Romania  /  No Comments

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The price of electric power on the OPCOM spot market has peaked to RON 449 (EUR 100)/MWh Monday morning, during the interval 9.00h-10.00h, similar to the one on the markets in Hungary, Slovakia and Czech Republic, according to the OPCOM website. The development is the result of the huge increase in consumption in Romania during […]

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Gov’t Oks decision allowing ban of energy exports in crisis situations. Transelectrica: Energy crisis, imminent

By   /  13/01/2017  /  Energy, RO Energy, RO Social, Romania, Social  /  No Comments

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The government approved on Thursday during the ordinary sitting a decision allowing the ban of electricity exports during crisis situations, in force from January 16-February 15, the Ministry of Energy informs. According to a release, Energy Minister Toma Petcu presented on Thursday an analysis regarding the functioning of the National Energy System following six days […]

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Bulgaria-Romania gas interconnector pipeline finished

By   /  11/11/2016  /  BG Energy, BG Politics, Bulgaria, Energy, Headlines, Politics, RO Energy, RO Politics, Romania  /  Comments Off on Bulgaria-Romania gas interconnector pipeline finished

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Bulgarian Prime Minister Boiko Borissov opened at a ceremony on November 11 the gas interconnector pipeline with Romania, describing it as a key step towards diversification of gas supply sources and strengthening Bulgaria’s energy security. This is the first of three interconnector pipelines Bulgaria plans to build with neighbouring countries, but link-ups with Serbia and […]

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OMV Petrom to transfer 19 onshore oil fields in Romania to Mazarine Energy

By   /  17/10/2016  /  Business, Energy, RO Business, RO Energy, Romania  /  Comments Off on OMV Petrom to transfer 19 onshore oil fields in Romania to Mazarine Energy

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OMV Petrom S.A. (OMV Petrom), the largest oil and gas producer in South-Eastern Europe and Mazarine Energy Romania S.R.L., a fully owned Romanian subsidiary of Mazarine Energy B.V. (Mazarine Energy) announce that parties have reached agreement on the transfer of 19 onshore oil fields plus three workover rigs and associated crews to Mazarine Energy Romania […]

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Bulgarian, Romanian presidents urge energy independence for SEE

By   /  15/06/2016  /  BG Energy, BG Politics, Bulgaria, Energy, Headlines, Politics, RO Energy, RO Politics, Romania  /  Comments Off on Bulgarian, Romanian presidents urge energy independence for SEE

Klaus Iohannis Rossen Plevneliev

Sofia, June 15, 2016/Independent Balkan News Agency By Clive Leviev-Sawyer of The Sofia Globe Energy dependency is the biggest weakness of South Eastern Europe and building a modern energy infrastructure and interconnection of the national gas and electricity grids should be a shared priority, Bulgarian President Rossen Plevneliev and his Romanian counterpart Klaus Iohannis agreed […]

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Bulgarian, Romanian PMs to ‘watch closely’ gas inter-connector project

By   /  01/06/2016  /  BG Energy, BG Politics, Bulgaria, Energy, Headlines, Politics, RO Energy, RO Politics, Romania  /  Comments Off on Bulgarian, Romanian PMs to ‘watch closely’ gas inter-connector project

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Sofia, June 1, 2016/Independent Balkan News Agency By Clive leviev-Sawyer of The Sofia Globe Bulgarian Prime Minister Boiko Borissov met with Romanian counterpart Dacian Ciolos on June 1 to discuss a number of subjects, ranging from the gas inter-connector pipeline between the two countries to the continuing efforts by Sofia and Bucharest to join the […]

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Romania’s gas market goes import-free

By   /  22/03/2016  /  Energy, RO Energy, Romania  /  Comments Off on Romania’s gas market goes import-free

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Bucharest, March 22, 2016/Independent Balkan News Agency By Irina Stoica Population and power plants that provide heating to households will consume only domestically-produced natural gas from April 1, 2016 to March 31, 2017, according to a document of the National Energy Regulatory Authority (ANRE). The estimated total quantity of natural gas to be used by […]

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Romania’s crude oil reserves will be depleted in 20 years

By   /  03/03/2016  /  Energy, Headlines, RO Energy, Romania  /  Comments Off on Romania’s crude oil reserves will be depleted in 20 years

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Sarajevo, March 3, 2016/Independent Balkan News Agency By Irina Stoica Romania’s current crude oil reserves are expected to get exhausted in about 20 years. A report released by the Energy Ministry shows that over the past five years, Romania’s domestic crude oil output has recorded a constant decline of 2 %, while the forecasts for […]

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OMV and Gazprom are negotiating a swap that involves Romania and Bulgaria

By   /  08/01/2016  /  BG Business, BG Energy, Bulgaria, Business, Energy, RO Business, RO Energy, Romania  /  Comments Off on OMV and Gazprom are negotiating a swap that involves Romania and Bulgaria

OMV/r Gazprom,SUJET,LOGO

Bucharest, January 8, 2016/ Independent Balkan News Agency By Irina Stoica Austrian group OMV and Russian giant Gazprom are about to come to a deal concerning an important property exchange that would involve Romania and Bulgaria. Information about the deal was brought to public attention today by Romanian website Hotnews.ro. According to a preliminary agreement […]

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Romania bets on “clean” energy for the next 5 years

By   /  29/12/2015  /  Energy, Politics, RO Energy, RO Politics, Romania  /  Comments Off on Romania bets on “clean” energy for the next 5 years

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Bucharest, December 29, 2015/ Independent Balkan News Agency By Irina Stoica Hydroelectric power, wind power and photovoltaic output will grow in the next four years in Romania by 14.65%, according to a report published by National Prognosis Board (CNP). At the same time, nuclear power output will remain unchanged until 2019. The board estimates that […]

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