Germany has four months to authorize the Nord Stream 2 pipeline
Germany’s energy regulator (Bundesnetzagentur) announced on Monday that it has four months to complete the authorization process for the Nord…
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Import-Export
Digital transformation, a new stage of the oil and natural gas sector in Romania
In the age of digital technology, rapid access to applications and big data sets becomes the “fuel” for the development…
Nagy-Bege: About 44% of household customers did not have contracts on the competitive market by end-July
At the end of July, almost 44% of household customers had not signed contracts on the competitive market for both…
Hungary and Russia – new long-term gas supply agreement
Hungary has negotiated with Russia all the terms of a new long-term gas supply agreement, which will enter into force…
EBRD becomes a shareholder in Vestmoldtransgaz, with an investment of 20 million euros
The European Bank for Reconstruction and Development (EBRD) became, starting with 25.08.2021, associated with a 25% participation in the natural…
OPEC says that the Delta version of the coronavirus will not affect oil demand
Although the impact on the world economy of the Delta variant of coronavirus is still a great unknown, the Organization…
Transgaz opens BRUA phase 1 with capacity reservation on the Hungarian route
Bogdan Tudorache Transgaz has announced that it has completed work on the BRUA-Phase 1 pipeline with savings of about 20%.…
Energy Minister: OMV can’t sell Petrom shares without the consent of the Romanian state
OMV cannot sell the shares from Petrom to another company without the consent of the Romanian state, wrote on Facebook…
OMV Petrom – net profit up by 13%, to 980 mln. lei in H1
OMV Petrom ended the first half of this year (H1) with a net profit of 980 million lei, up 13%…
Romania’s crude oil imports increased by 30.5% in the first five months
Romania imported, in the first five months of 2021, a quantity of crude oil of 3.383 million tons of oil…
Energy Community Secretariat supports trans-regional cooperation on development of integrated SEEGAS market
On 21 July 2021, a Memorandum of Understanding about trans-regional cooperation on the development of an integrated South-Eastern and Eastern…
Russia rejects allegations that it uses energy resources for political pressure
Russia rejects any attempt to accuse it of using energy resources as a “weapon” of political pressure, Kremlin spokesman Dmitry…
Global fuel demand will reach its peak sooner than expected
Demand for petrol and diesel will peak in 2027, four years earlier than previously estimated, as lower-fueled cars and widespread…
Gas imports increased by 24.5% in the first five months, production down 1.8%
Romania imported, in the first five months of 2021, a quantity of usable natural gas of 1.8 million tons of…
Cătălin Stancu, Horvath&Partners: Romania has everything it needs to produce blue hydrogen
Romania will have an extremely difficult challenge to solve in the medium term – the absorption of European funds, but…
Hungary has a 15-year deal with Russian group Gazprom
Hungarian Foreign Minister Peter Szijjarto signed a 15-year gas supply agreement with Russian group Gazprom on Thursday, which will take…
Rystad Energy – Global oil demand to peak in 2026
The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years…
US will use ”all available means” to stop completion of Nord Stream 2 pipeline
US government is increasing pressure on the German government to halt the Nord Stream 2 gas pipeline, Hans Monath writes…
Europe builds 87 bln. euro worth of fossil gas assets – report
Europe is already building or planning to build €87 billion worth of fossil gas infrastructure in a continued expansion of…
Crude oil prices rise after OPEC meeting
The price of a barrel of oil rose on Thursday after the OPEC + group (composed of the Organization of…
Washington threatens entities involved in the Nord Stream 2 pipeline with sanctions
US Secretary of State Antony Blinken on Thursday called on “all entities involved” in the controversial project of the Nord…
Energy minister: The government can unilaterally denounce oil agreements
Government can unilaterally denounce the oil agreements, for reasons of national security, after the Parliament approved an emergency ordinance in…
Brent crude breaks $70 after Saudi Arabia’s oil facilities attacked
International benchmark Brent crude futures popped on Monday, moving above $70 a barrel for the first time in more than…