High prices hurt, but they can be the driving factor behind energy progress
High energy crisis are affecting economies and companies but they can be the driver of progress in the energy sector.…
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Transportation
Schneider Electric launches in Romania a software solution for increased performance in gas transport and distribution
Schneider Electric launched in Romania an integrated software platform intended for the natural gas transport and distribution sector along the…
ANRE approved investments in the period 2018-2021 totaling 15 bln. lei
The investments approved by the National Regulatory Authority in the field of Energy in the period 2018-2021 amount to approximately…
Delgaz Grid invests 28 mln. lei in Târgu Mureș gas network
Delgaz Grid continues, during this period, in Târgu Mureș, one of the most important investment works for the modernization of…
Rompetrol: Closing CPC operations will not affect crude oil supply to Petromidia refinery
Closing CPC operations will not affect crude oil supply to Petromidia refinery, says Rompetrol’s shareholder.”In the context of the information…
Transgaz and 3SIIF will collaborate to build a greenfield gas infrastructure
Transgaz announced to its investors on the BSE that it has signed a roadmap agreement with the Three Seas Initiative…
Russian natural gas substitution – scenarios proposed by FEL Romania
The escalation of the Russian-Ukrainian conflict has amplified the effects of the energy crisis and calls for a rethinking of…
Transgaz made a profit of almost 268 mln. lei, up 70%, in Q1
In the first quarter of this year, Transgaz registered a net profit of 267.918 million lei, up 70% compared to…
NGOs call for demolishing Nord Stream 2 to avoid environmental damages
Environmental NGOs warn that leaving the unused Nord Stream 2 pipeline at the bottom of the Baltic Sea could cause…
Greece-Bulgaria gas interconnector could be ready in June
The Greece-Bulgaria gas interconnector could be ready in June, as promised by Bulgarian officials, Energy Minister Virgil Popescu told journalists…
Transgaz shareholders approved a gross dividend per share of 14.82 lei for 2021
Transgaz shareholders approved, in the Ordinary General Meeting on Thursday, a gross dividend per share amounting to 14.82 lei, related…
Gas prices have risen as the EU looks at new sanctions against Russia
Reference prices for natural gas in Europe rose by 7% on Monday morning amid growing fears about gas supplies due…
Virgil Popescu: Energy resources must not be used as blackmail weapons
Romania supports the development of the Southern Gas Corridor and the partnership with Turkey in order to diversify supply routes,…
Transgaz, Nuclearelectrica and Romgaz will transfer only 50% of dividends, investments are prioritized
After Nuclearelectrica and Romgaz, the Government decided to exempt Transgaz from paying 90% dividends. Thus, 50% dividends will be paid…
Popescu: In order to reduce dependence on the Russian Federation, we need to complete the interconnections
The reduction of the dependence on the Russian Federation can be achieved faster if we hasten the completion of the…
A new gas pipeline between Turkey and Israel – the possibility of reducing dependence on Russia
A gas pipeline between Turkey and Israel is being discussed as one of Europe’s alternatives to Russian deliveries, but government…
EU Commissioner for Economy: If Russia cuts off gas supplies, we are ready to face the decision
The payment of Russian gas in rubles means a breach of existing contracts, and if Russia decides to suspend deliveries,…
ING will no longer fund new oil and gas projects
Dutch banking group ING will no longer finance new oil and gas projects, ING energy director Michiel de Haan told…
Cîțu: Excise tax cut on fuel is no longer on the table of the governing coalition
The president of PNL, Florin Cîţu, declared on Tuesday that the reduction of the excise tax on fuel is no…
Minister: Starting this year, we will have an additional 1 billion cm of gas
Romania will have natural gas from other sources next winter, including from the Black Sea, and starting this year we…
Bulgaria-Greece pipeline will receive the first Azerbaijani gas molecule in September
Bulgarian Prime Minister Kiril Petkov says the Bulgaria-Greece gas pipeline will be up and running in September, according to BTA.…
Iohannis: Romania is willing to make its own gas infrastructure available
Romania is willing to provide its own infrastructure to diversify the supply of natural gas from multiple sources, in the…
IEA: There are high risks to the oil supply – possibly the biggest crisis in decades
The International Energy Agency (IEA) warned on Wednesday of the risk of “the biggest supply crisis” of oil in decades,…