Gov’t allotted 335 mln. lei for capping and compensating energy prices
Romanian Government approved, in Wednesday’s meeting, the allocation of 335 million lei, sum from the tax on the additional income…
First 20,000 tons of oil from Kazakhstan could arrive in Germany in January
Kazakhstan plans to export 1.5 million tons of oil to Germany in 2023, and the first delivery, with a volume…
Submitting the index helps you stay within the price caps
After a tumultuous 2022, marked by the energy crisis, in which multiple changes to the legislative framework regarding the support…
Gerd Bommer, Head of Advantage Austria in Bucharest Austrian investors forge ahead, in spite of turmoil
Austrian companies already present here in Romania maintain their – already impressive – pace of investments and reinvestments of the…
Kuwait increases Diesel exports to Europe amid Russian embargo
Kuwait wants to exponentially increase its exports of Diesel and kerosene to Europe this year, which will help the continent…
Bulgaria secures new oil and gas resources from Greece
Bulgaria’s caretaker government said it approved the signing of two memoranda of understanding (MoU) with Greece, which will boost collaboration…
Bulgaria will access Turkey’s LNG terminals
Bulgargaz has signed a long-term agreement with Turkish gas company Botas for access to liquefied natural gas (LNG) terminals in…
European gas prices fell below 70 euro per MWh
Reference gas prices on the European market are falling in the new year, as mild weather has reduced demand, reports…
The government has decided to over-tax oil and gas companies
The Government of Romania approved, at the proposal of the Ministry of Finance, the introduction by Emergency Ordinance of an…
Robbing Hood or Robin Hood? A note on the economic analysis of energy-industry special taxes in Hungary
“Today forgetting has perhaps grown more puzzling, than remembering (…)” – so Sigmund Freud starts chapter 7 of his Psychopathology…
Spain and Portugal impose extra charges on energy companies, banks and retailers
Spain’s Senate has given final approval to taxing banks and big energy companies extra for excess profits, a measure aimed…
OMV and its partners to invest USD 921 million in a gas field in Norway
Austrian group OMV and its partners have decided to invest 9.1 billion Norwegian kroner ($921 million) to develop a gas…
Romania’s crude oil production fell 6.2% in 10M of 2022; imports up by 31%
Romania produced, in the first ten months of 2022, an amount of crude oil of over 2,436 million tonnes equivalent…
First high-level round table on joint procurement of natural gas in the EU
European Commission convened a high-level industry roundtable on Tuesday to support work under the EU Energy Platform towards joint gas…
Who does what in the gas market and the bill explained for everyone
The total number of natural gas household customers in Romania is approximately 4,000,000, and to reach their homes, natural gas…
European Council calls for the mobilization of all instruments to respond to the impact of high energy prices
The European Council asked the Commission to carry out an analysis and submit proposals by the end of January 2023…
ORLEN Group to ramp up oil and gas production in Norway
The ORLEN Group together with the operator AkerBP and licence partners have prepared plans for development and operation for their…
Romania has started to invest in renewable energy again, thanks to the NRRP
Romania has started investing again in renewable electricity generation, thanks to 457 million euros in funding from the National Recovery…
Niculae Havrileț: The right price is the only way to guarantee access to energy and gas
The most important element of regulation must be the right price that can ensure access to electricity and gas, which…
Constanta has NRRP money for a high-efficiency cogeneration gas plant for central heating
The Ministry of Energy and the municipality of Constanta have signed the financing contract through the National Recovery and Resilience…
OMV Petrom confirms the submission of the commercial discovery statement by the Neptun Deep concession holders
OMV Petrom confirms the submission of the declaration of commercial discovery to the National Agency of Mineral Resources by the…
Drăgan: We have enough gas in storage to get through the winter
Romania started the winter period with more than 3 billion cubic meters of gas in storage, all the necessary measures…
EU: Gas price decreases after the surge in LNG imports
Reference prices for natural gas in Europe fell by 9%, following the increase in imports of liquefied natural gas (LNG),…