US becomes the world’s largest exporter of LNG
For the first time in history, the United States became the world’s largest exporter of liquefied gas last month, as…
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Macron supports the importance of nuclear energy in the EU in gaining energy independence
French President Emmanuel Macron says nuclear power must be at the heart of the European Union’s energy transition strategy, as…
Gas crisis is causing German utility companies to raise funds
European utility companies are rushing to raise billions of euros, a proof to the financial stress caused by record prices…
CFR launches tenders for the electrification and modernization of the Cluj Napoca-Oradea line
Over 3 billion lei will be allocated by the National Railway Company “CFR” SA for the acquisition of design and…
Alro Slatina unions announce a new protest on January 6
The series of protests at Alro Slatina, one of the largest aluminum producers in Europe, continues with a protest rally…
European gas price up 30% amidst limited Gazprom supply
European natural gas benchmark prices rose by more than 30% on Tuesday as limited deliveries from Russia raised concerns about…
Ştefan-Alexandru Frangulea, the new financial director of Electrica
Ştefan-Alexandru Frangulea has been appointed interim financial director of Electrica, for a term valid until December 31, 2022, informs the…
Bucharest plan for air quality, carried out by a consortium of four companies
The Integrated Air Quality Plan (PICA) in Bucharest is to be developed by a consortium of four companies, including Cambridge…
Enel finishes acquisition of 527 MW of hydro plants from ERG
Enel informs that its subsidiary Enel Produzione S.p.A. (“Enel Produzione”), following the fulfilment of the conditions precedent set forth in…
OPEC: Global oil demand will return to pre-pandemic levels in 2022
The elected secretary general of the Organization of the Petroleum Exporting States said on Monday that global oil demand should…
Voicu, Certinvest: We will have a slightly positive year at BVB, but not as exuberant as in 2021
There is potential for growth for the Bucharest Stock Exchange in 2022, but we are also vulnerable in terms of…
Electricity and fuel prices have risen in January
The year 2022 brings to the Romanians an increase of the minimum wage, of the pension point and of the…
Electrica: New reorganization process to be discussed with the social partners
Electrica has started a procedure to reorganize the structure of the headquarters and a final decision will be taken after…
OPEC and Russia decide on Tuesday whether to increase oil supply
Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil producers decide on Tuesday whether to increase their supply…
Ministry of Energy: Public consultation on the new European energy strategy
The Ministry of Energy has launched a public consultation on the new European strategy on international energy engagement, according to…
Romania’s GDP increased in 2021 by 17 bln. euro compared to 2019, at a record level
Romania’s Gross Domestic Product increased in 2021 by 17 billion euro, as compared to 2019 and reached almost 1,190 billion…
Petrobrazi Ploieşti Refinery, affected by a voltage variation
Several installations of the Petrobrazi Ploieşti refinery, owned by OMV Petrom, were stopped and restarted, due to a voltage variation…
Gov’t approved the GEO on quantitative compensation of prosumers
Romanian Government adopted an emergency ordinance on Thursday, December 30, at the initiative of the Ministry of Energy, which stipulates,…
Termoenergetica refuses to pay the increased gas bills, sues Tinmar
Bucharest Thermal Power Company Termoenergetica received on December 17 from its supplier, Tinmar Energy, a notice of disconnection of 48…
Republic of Moldova will buy Russian gas at a higher price
In January 2022, the Republic of Moldova could buy natural gas from Russia at an even higher price. The statement…
China fires up new coal power plant in spite of calls for cuts
China, under fire for approving new coal power stations as other countries try to curb greenhouse gases, has completed the…
Aleksandr Novak: Russia will resume gas transit through Ukraine in 2024
Russia could transport gas again through Ukraine after 2024 if favorable economic conditions exist and the Ukrainian network is in…
OPEC+ is not responding to US demands to increase oil production
The OPEC+ group (composed of the Organization of the Petroleum Exporting States and other major producers) has resisted calls from…