Romania imports 17% of gas consumption
Romania imported these days about 17% of natural gas consumption, according to Transgaz data. For the production of electricity, for…
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Import-Export
EU plans sharp hike in U.S. energy imports as trade lever
The European Union will seek to double imports of liquefied natural gas (LNG) from the United States by 2023, as…
Poland’s energy ministry decides to release 800,000 tonnes of mandatory oil reserves
Poland’s energy ministry said it has decided to release mandatory oil reserves following the suspension of contaminated oil deliveries from…
Gazprom sees output falling as EU gas demand declines this year
Gazprom PJSC is sticking with a conservative natural gas production outlook for 2019 as warm weather and growing competition from…
Iraq will deliver third-biggest chunk of new oil over next decade, IEA
Iraq will be the third-biggest provider of new oil supplies over the next decade, boosting its production by almost 30…
Gas Directive amended: EU rules extended to pipelines to and from third countries
The rules governing the EU’s internal gas market will in future also apply to pipelines to and from third countries.…
New Gas Directive opens the way for a common EU approach on Russian imports
The EU Council agreement on its negotiating mandate under the Romanian Presidency of the EU Council came as a rather…
Russia accuses U.S. of forcing Europe to buy LNG, follows own export interest
Russian Energy Minister Alexander Novak on Tuesday accused the United States of forcing Europe to buy its liquefied natural gas…
Gazprom starts executing and monitoring contracts via Blockchain
Russian state-owned gas giant Gazprom could soon to begin using blockchain to execute and monitor business contracts. The firm’s CEO,…
A consortium led by Engie buys the Petrobras pipeline division
A consortium led by French utility company Engie has won an auction to take over TAG, the Petrobras group’s pipeline…
Romania has imported oil worth USD 4 billion in 2018, 70% of the refining needs
Romania’s oil imports were 59.4 million barrels, or 71% of the consumption needs of the three refineries Petromidia, Petrobrazi and…
Oil hits 2019 high on OPEC cuts
Oil hit a 2019 high above $69 a barrel on Tuesday on the prospect that more sanctions against Iran and…
The acquisition of natural gas at 68 lei / MWh starting with April 1, 2019 is annulled, new contracts are signed
Bogdan Tudorache Suppliers can speculate on new market conditions with the rewording of GEO 114. All previously signed contracts that…
Competition will issue recommendations for the fuel market by the end of the month
The Competition Council will launch in public debate, this month, the first version of the recommendations for the fuel market,…
Gazprom expects tough competition from U.S. LNG exports to Europe
U.S. exports of liquefied natural gas (LNG) to Europe will be the main competition for Gazprom this year, the Russian…
Hungary has already provided its gas supplies for 2020
Hungary has secured gas supplies for the next year even though Moscow and Kiev will not be able to reach…
The regulator decided what companies would buy how much domestic gas and from whom at the price the Government set
The latest decisions of the National Regulatory Authority for Energy – ANRE set out the destinations for natural gas from…
EY: The value of oil and gas transactions rose in 2018 due to record of 11% in downstream
The total value of oil and gas transactions increased by 79.7 billion USD in 2018 to 426.8 billion, despite a…
F. Hajdinjak: Authorities must urgently rethink their energy poverty policies
Since publicly presented in late December 2018, GEO 114/2018 stirred massive reactions on all levels (media, industry, experts, politicians). It…
Franck Neel, OMV Petrom: Liberalization takes time
As Europe’s gas reserves deplete, Romania has the highest growth potential in the regional gas market, but liberalization takes time,…
INS: Romania has a surplus of 90 mln. euro in international electricity trade, 11 months – 2018
Romania exported electricity worth 210.6 million euros in the first 11 months of 2018, while the value of the imports…
The EC asks Romania to correctly transpose EU rules on the internal energy market; the ministry of Energy awaits for the official communication
The European Commission sent a letter of formal notice to Romania for failing to correctly implement certain requirements of the…
Exxon Mobil CEO sets plan to boost spending
Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said, and the largest U.S. oil…