Athens and Cairo mull changing the route of EastMed pipeline
Greece and Egypt are discussing the possibility of changing the route of EastMed gas pipeline in order to tackle the…
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Import-Export
Otilia Nuțu, EFOR: Nord Stream 2 will divide Europe
The Nord Stream 2 project does not bring a new source to the European energy market and does not have…
Contracting companies are leaving Nord Stream 2 for fear of US sanctions
About 18 companies, including oil services company Baker Hughes Co and insurance group AXA Group, have recently stopped working on…
Romgaz’s net profit rose 15% in 2020, despite declining gas sales
Romgaz obtained a net profit of 1.25 billion lei last year, up 15.14% compared to 2019, but the company’s turnover…
Virgil Popescu and Hungarian Foreign Minister discuss Black Sea gas and BRUA pipeline
The Minister of Energy, Virgil Popescu, had a working meeting on Thursday with the Minister of Foreign Affairs and Foreign…
Romania imported 3% less Russian gas in 2020
The Russian group Gazprom exported to Romania last year a quantity of 962 million cubic meters (mcm) of natural gas,…
S&P could downgrade 13 major oil companies, in the background of climate change
Major oil companies received a blow on Tuesday night after one of the main rating agencies, S&P Global Ratings, warned…
Werner Hoyer, EIB: Gas is over
Bogdan Tudorache Europe needs to acknowledge that its future is no longer with fossil fuels, said the President of the…
Resumption of works on the Nord Stream 2 pipeline has been postponed
The consortium responsible for the Nord Stream 2 gas pipeline project has decided to postpone construction work on the submarine…
Oil, gas and coal prices rally as cold winter sets in
Higher demand for oil, natural gas, and coal due to colder than usual winter temperatures in many parts of the…
Greece has started receiving natural gas from Azerbaijan through the TAP pipeline
Greece is now supplied with natural gas from Azerbaijan, as the Trans Adriatic Pipeline (TAP) is ready and the delivered…
Oil price reaches 11-month high after Saudi Arabia cut production
Oil prices rose to their highest level in February 2020 on Wednesday, after Saudi Arabia agreed to cut production more…
Azeri gas starts flowing to Greece, Bulgaria, Italy via TAP
The Trans Adriatic Pipeline (TAP) started transporting gas from Azerbaijan to Greece, Bulgaria and Italy last week, the consortium implementing…
Local oil imports fell 22% in the first ten months
Romania imported, in the first ten months of 2020, a quantity of crude oil of 5.563 million tons of oil…
EC has adopted the revised rules of the TEN-E Regulation
European Commission has adopted a proposal to revise the EU rules on Trans-European Networks for Energy (the TEN-E Regulation) to…
Rompetrol continues Georgian expansion
KMG International Group recently opened a new Rompetrol gas station in Georgia, near the tourist resort of Borjomi – famous…
Remarkable in the Romanian Oil and Gas industry
At the beginning of 2021, the National Agency for Mineral Resources will amend Order 32/2018 to introduce as reference the…
From 2021, the reference gas price will be calculated by ANRM based on the transactions in Romania
At the beginning of 2021, the National Agency for Mineral Resources will amend Order 32/2018 to introduce as reference the…
Sterian: Hungarians want to take a stress test for the BRUA pipeline on December 2
The Hungarian gas transport company, FGSZ, sent a letter to Transgaz announcing a stress test on the BRUA pipeline on…
Verchere: The completion of BRUA is a great success, the gas pipeline is fundamental
The completion of the BRUA pipeline is a great success, given that this gas pipeline is essential for Romania’s energy…
Moldovagaz prepares investments of 19 million euros in 2021
For 2021, Moldovagaz planned investments of about 385 million lei (about 19 million euros), said Vadim Ceban, president of the…
A new contract between Transgaz and Gazprom is in the final phase
Transgaz announced the completion, on Sunday at 16:15, of the works on the company’s most important investment project, worth almost…
Gal, ANRM: Oil royalties fell by about 21% in the first 9 months
In the first nine months of the year, oil royalties fell by about 21 percent, primarily due to declining oil…