The energy industry in Romania is feeling the profound transformations that new technologies bring to each sector. Changes in approach at state level is forcing updating the business models, just as realities on the ground – domination of the consumer / purchaser and the new market conditions – must be translated quickly into trade policies, competitive practices and regulatory framework. In this context, the Energy Strategy of Romania will be completed on September 15 and will include concerns of all stakeholders, stressed senior government officials attending the second edition of the Energy Strategy Summit, the last big public meeting between Romania energy companies, experts, analysts and decision makers from Government and regulating institutions.
Organized by Wing Media Energy Consulting, through energynomics.ro platform, on May 31 at Snagov Palace near Bucharest, Energy Strategy Summit 2016 brought together over 150 participants and, among the spakers, over 20 representatives of top companies and authorities with responsibilities in the energy industry.
The day was opened by Energy Minister Victor Grigorescu and Mihnea Constantinescu, Ambassador for Energy Security at the Ministry of Foreign Affairs. In addition to the 2015 edition, this year’s summit had a distinct section dedicated for the necessary balancing between national interests of Romania and the roles Romanian energy industry must assume in the region. H.E. Richard L. Morningstar, founding director and president of Global Energy Center within the Atlantic Council, framed the talks through a speech that focused on energy security and the means to achieve this goal in Romania and Europe as a whole. “Romania can be understood as a small replica of Europe”, synthesized Richard L. Morningstar, former special envoy of the US State Department for energy issues in Eurasia between 2009 and 2012.
Romania’s national interests and its regional roles
All the countries in the region entertain lingering ambitions for becoming THE hub for energy in the SEE Europe. Each candidate has its grounds, while most of the countries lack the financial capabilities or the administrative solidity – or both, to become such an important regional player. Still, with more and more interconnected markets, with very similar needs and adversities, each national player should try to mitigate its domestic challenges for regional opportunities.
The debate was opened by Bogdan Văduva, partener KPMG, and other speakers included:
- Cristian Buşu, State Secretary, Ministry of Energy
- Ciprian Alic, European Funds Accessing and International Relations Division Transgaz
- Daniela Lulache, Nuclearelectrica CEO
- Liviu Ilaşi, Conpet CEO
- Iulian Iancu, President of the Committee for Industries and Services at Romanian Parliament – Chamber of Deputies
Energy Security in the Context of the EU Energy Union
Energy security made a comeback in the second discussion session, with numerous arguments on oil and gas mainly. Valeriu Binig, partener EY, moderated this dialogul which consisted of:
- Radu Dudău, EPG director and Romanian Energy Minister advisor for the energy strategy
- Sorin Gal, General Director of the National Agency for Mineral Resources
- Mark Beacom, Vice-Chairman RBSTA
- Artur Stratan, president ROPEPCA
- Virgil Metea, Romgay CEO
- Varinia Radu, CMS partner
- Corneliu Bodea, Adrem CEO and CRE President
Balancing Energy Sustainability with Competitiveness
More and more, the future means electricity – extracted from conventional and renewable resources. New business models arise in all areas, from generation and storage, to transport, trading and distribution. Inovation and flexibility are the most plausible directions to follow, as more informed and empowered customers ask for friendlier counterparts in the industry. The environment constraints are both major challenges and huge opportunites. All these impact the positioning of institutional actors, businesses and potential investors on the energy market.
Gabriel Avăcăriţei, chief editor at energynomics.ro, moderated the last part of this Energy Strategy Summit, a segment where the following brought their claims to the table:
- Niculae Havrileţ, ANRE President
- Istvan Jakab, State Secretary, Minister of Environment, president Administration for the Environmental Fund (AFM)
- Silvia Vlăsceanu, executive director ACUE
- Frank Hajdinjak, E.ON România CEO
- Bogdan Balaci, Philips Lighting CEO
- Enrico Perini, Romstal CEO
- Vasile Iuga, partener PwC România
The key objective of Energy Strategy Summit was to draw the last essential contributions for the future Romanian national energy strategy. The speeches and all the debates will soon be fully available through energynomics.ro platform (website, Magazine, events), as well as on energynomics.ro youtube channel. Stay tuned!
In the near future, energynomics.ro team will work on drafting the Summit report which will be officially delivered to the Government for taking them into consideration when drafting the national energy strategy.
The second edition of the Energy Strategy Summit, organized by energynomics.ro, has brought together representatives from over 60 companies and organizations active in the Romanian energy industry, among them: ABBC Group, Adrem Invest, Aecom, Alstom, ArcelorMittal, Bankers Petroleum, Bepco, Bulrom Gas, CET Govora, Doosan, E.ON Romania, Electra Norte, Electroprecizia, Elsaco, Emerson Process Management, Emerson Ridge Tools, Enel Green Power, Enel Romania, ExxonMobil, GDF Suez, Green Light Hoos, Hidro Tarniţa, Hidroelectrica, Hunt Oil Company, Lufthansa, Lukoil România, Matei Conf, Monsson Group, NIS Petrol, Nuclearelectrica, OMV Petrom, Panfora, Petrotel-Lukoil, Prospecţiuni SA, Repower, Romgaz, Schneider Electric România, Transelectrica, Vestas.
Next to them there were also present representatives of audit and consulting sector, but also lawyers specializing in energy, diplomatic and financial environment and leaders from companies such as Academia Română, ACUE, Adrem, Aecom, AFEER, Aggreko, ArcelorMittal, ARPEE, Artmark, Bankers Petroleum, Bioenergy Suceava, Black Sea Oil&Gas, BMW Group, Can&Power, Casa de Traduceri, CEMS, CNR-CME, Conef Gaz, Conpet, Consiglieri, Contracting Engineering, DNVGL Germanischer Lloyd Austria, Doosan IMGB, E.ON Romania, Eaton, EFdeN, Ekkou, Emerson Process Management, Enel Green Power, Enel România, Enevo, Engie România, Envisan, Expert Petroleum, Geomed, Holzindustrie Schweighofer, Huawei, Jereh Group Europe Division, Kerui, Lukoil Petrotel, Maserati, Next Energies, NIS Petrol, Nuclearelectrica, O&GD Central Kft, OMV Petrom, Panfora Oil & Gas, Philips Lighting România, RBSTA, Repower, RET Utilaje, Ridge Tool Company, Romanian Energy Center CRE, Romgaz, Romstal, ROPEPCA, SGS Romania, Sixt New Kopel, Super Lit, Switch Solar, TCE Technology, TDR Energy, Tiriac Energy, Transgaz, Universitatea Petrol Gaze Ploiesti, Valrom, Vermilion Energy.
All present enjoyed the unique ambience from the Snagov Palace. Energy Strategy Summit 2016 was organized by energynomics.ro with the support of Adrem, Can&Power, Chivas, Conpet, Enel, Enevo Group, E.On România, Lukoil, Maserati, Nuclearelectrica, OMV Petrom, Philips Lighting, Ridgid, Romgaz, Romstal, SGS România, Transgaz.
Energy Strategy Summit 2016 enjoyed the support of many strategic partners, including ACUE, COGEN, CRE, EFdeN, RBSTA, RPIA, RWEA, ROPEPCA and EPG. Bursa, Business Review, Invest Energy, Jurnalul de Afaceri, Energy Center, Focus Energetic, Infomediu Europa şi Focus Instal were the media partners.
During the event it was also launched the second issue of energynomics.ro Magazine in 2016. Another 184 pages, fully bilingual format and attractive design, capturing the trends and essential themes in the Romanian energy industry: news, analyses and opinion from personalities directly involved in the decision of the regulators and the most dynamic companies.
These issue is featuring among others articles and interviews with Mariana Gheorghe (OMV Petrom), Richard L. Morningstar (Atlantic Council), Mircea Pătrăşcoiu (Electrica Furnizare), Aristotel Jude (Ministry of Energy), Marcel Nicolaescu (Elcen).