Gas consumption drops significantly by 12% in H1, warehouses are 80% full
The consumption of natural gas at the national level in the first 6 months of 2023 registered a decrease compared…
Volker Raffel: There is no single recipe for all states, the use of green gas – part of the solution
Electricity distributors want to invest even more, but these investments are recouped through tariffs, “because no one has a money…
Burduja: ELCEN has 1 bln. lei to collect, creditors could ask for bankruptcy
Electrocentrale Bucharest (ELCEN) is in a crisis situation and from October could have problems with the purchase of natural gas,…
European traders store gas in Ukraine in spite of risk posed by the war
European gas traders have started storing natural gas in Ukraine, taking advantage of low prices and available capacity there, regardless…
EC approves a measure of 16 mln. euro for the expansion of the Chiren gas storage
The European Commission approved on Tuesday, in accordance with the EU rules on state aid, a measure adopted by Bulgaria…
MOL Group achieved an EBITDA result of USD 1,125 million in H1
Today MOL Group announced its financial results for Q2 and H1 2023. In the first six months MOL Group delivered…
Harnessing Carbon Capture and Storage in Romania
In order for Carbon Capture and Storage (CCS) technology to significantly contribute to the decarbonization of the Romanian energy system,…
ANRM officially confirms the Development Plan for the deposits in the Neptun Deep perimeter
OMV Petrom and Romgaz announce that the final development plan for the Domino and Pelican Sud commercial deposits in the…
European Energy wants to produce green hydrogen and e-methanol in Romania as well
The Danes from European Energy aim to develop plants for the production of green hydrogen and e-methanol in Romania, after…
EU sets state support conditions for German gas and hydrogen power plants
The European Commission has set important framework conditions for planned German state support to build and operate about 24 gigawatts…
Dumitru Becșenescu, Antares Group: Switching to alternative fuels has an immediate impact on the environment
When looking ahead, the most important thing is to discover ways to stimulate biomethane, which is required to ensure the…
OMV Petrom estimates an increase in gas demand, sees barrel at $75-80
The demand for electricity will decrease in the coming months, but in the case of natural gas, OMV Petrom estimates…
OMV Petrom: Despite the 50% drop in profit, investments increased by 70% in H1
OMV Petrom increased its investment budget by 70% in the first half of this year (H1), despite the decrease in…
Bankwatch: EU funds for fossil gas in Poland and Romania contradict climate goals
Poland and Romania have earmarked a combined EUR 2.7 billion in EU public funds for gas expansion, a new report…
Burduja: Romanians will have safe access to gas, including in the event of a colder winter season
Romanians will have safe access to gas, including in the event of a cold season with lower temperatures than last…
CIS Gaz: Investments in energy infrastructure would reduce energy costsfor the population
In 2022 and the first semester of this year, many Romanians complained about higher energy bills, as costs increased by…
Novatek to become the main supplier of Russian gas to Europe, beating Gazprom
Increased supplies of liquefied natural gas (LNG) from Russia’s Novatek will help the group become Europe’s leading fuel supplier, overtaking…
Romania’s crude oil production fell 3.9% in the first five months of 2023
Romania produced, in the first five months of 2023, a quantity of crude oil of 1.177 million tons of oil…
E.ON: 28% of households’ gas centrals in Romania need to be replaced
The largest household energy consumption comes from providing heating and preparing domestic hot water: more than two thirds of the…
Delgaz Grid starts testing the hydrogen-gas mix in customers’ homes
The Delgaz Grid company, a member of the E.ON Romania group, begins this month, in the town of Dârlos, Sibiu…
Turkey’s prospects as a regional gas hub (analysis by Mihai Melintei)
Mihai Melintei, Energy Analytical Studies In the last decade the use of natural gas has grown considerably, accounting for…
Vestmoldtransgaz, controlled by Transgaz, could take over the operation of the natural gas transport system in the Republic of Moldova
The National Energy Regulatory Agency of the Republic of Moldova (ANRE-MD) has decided to provisionally appoint Vestmoldtransgaz as the operator…
TotalEnergies signs 27 bln. USD energy deal with Iraq
Iraq and French oil company TotalEnergies signed a 27 billion USD energy deal on Monday aimed at boosting crude oil…