Gas for households dropped to 38 lei/MWh, almost half of the regulated price
The price of gas for the population in the third quarter of the year, with the liberalization of the market,…
Liberalization of the gas market: almost half of customers believe that prices will rise
Almost half (45%) of natural gas customers believe that gas prices will increase after July 1, 2020. 34% believe that…
Minister of Economy: Gas price for the population should decrease by 10-15%, otherwise the Government will intervene
The price of gas for household consumers should fall by 10-15% from July 1, when the market will be completely…
Kazakhstan launches an IPO for KazMunayGaz in 2022
Kazakhstan plans to conduct an initial public offering at national oil company KazMunayGaz in 2022, Kazakhstan’s sovereign wealth fund director…
PGNiG says it signed a $1.5 bln. refund deal with Gazprom
Poland’s energy company PGNiG said it will receive $1.5 billion from Gazprom as reimbursement for overpayment in gas supplies in…
IEA anticipates a historic drop in oil demand by 2020
The International Energy Agency (IEA) said on Tuesday that it expects the biggest drop in oil demand in history this…
Measures proposed by ROPEPCA for supporting the petroleum industry
“We are here to help Romania get back to work”, said Stephen Birrell, the president of the Romanian Association of…
Stroe, MET: The market will resettle, at least at the level of suppliers – only the strong will survive
The main concern for suppliers, both of electricity and natural gas, is to ensure the financing of measures aimed at…
Minister of Economy: We will define the vulnerable consumer by year-end
The price of natural gas will decrease from July 1, regardless of whether the suppliers will do it from now,…
Rompetrol launches the Cashback service at its gas stations in Romania
Rompetrol Downstream, the retail division of the KMG International Group in Romania, launches a new service dedicated to individuals, through…
Dietsmann completes the acquisition of Karom, an important Romanian service provider for energy production facilities
Bogdan Tudorache Dietsmann, one of the leading global Operation & Maintenance providers for the energy industry, acquired the shares of…
Robert Chircă: Romgaz’s strategy aims at diversification, investments of 15.7 bln. lei, in the next 7 years
Romgaz’s strategy aims at diversification, involving investments of 15.7 billion lei, in the next 7 years, said Robert Chircă, Deputy…
CfD for renewables, nuclear, power storage and CCUS in Romania
Romanian Government approved the general principles regarding the implementation of Contracts for Difference. This opens the way for the Ministry…
Nagy-Bege (ANRE): The gas release program ensures non-discriminatory market access
Bogdan Tudorache Producers with a production volume of over 3 million MWh per year must offer 30% of output on…
Hunedoara Energy Complex’ insolvency complicates a major investment of Romgaz
The insolvency of the coal-fired energy producer Hunedoara Energy Complex (CEH), wholly owned by the Romanian state through the Ministry…
Romgaz: MoU for the development of “greenfield” investment projects in Romania
Romgaz Mediaș and Liberty Galati agreed to conclude a Memorandum of Understanding which envisages the establishment of a joint venture…
Competition: Liberalization of the gas market must lead to lower prices
In the context of the liberalization of the gas market for household consumers, the Competition Council points out that, both…
Changes in the Board of Directors of Rompetrol Rafinare
Bogdan-Cătălin Steriopol was appointed interim member of the Board of Directors of Rompetrol Rafinare, replacing Mihai-Liviu Mihalache, who resigned from…
Price reduction would follow the development of the Romanian Regional Gas Hub
This analysis is based on the PhD thesis “The Romanian Regional Gas Hub. Geographic, Economic and Geopolitical Aspects” Filip Negreanu-Arboreanu…
ROPEPCA warns with regards to a new blow against investments in the onshore Upstream
The Parliament adopted last week a draft law on the sales of agricultural lands in Romania (PL-x 336/2018). The adopted…
J.P. Morgan believes Brent crude could hit $190/barrel by 2025
J.P. Morgan thinks crude oil could hit $190/barrel by 2025, notes Cattle Drive Capital in an article published by seekingalpha.com.…
Polish competition watchdog sues Gazprom
Poland’s competition regulator UOKiK said on Wednesday it has started proceedings against Gazprom and could fine the Russian company some…
Oil, gas, coal could lose two-thirds of value by 2070
Business in oil, gas and coal is becoming increasingly unprofitable as global fossil reserves could lose around two-thirds of their…