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…
GSP signs a Black Sea drilling contract with Trillion Energy of Canada
Grup Servicii Petroliere (GSP) has signed an offshore drilling service agreement with Trillion Energy International for the 2022-2023 drilling program…
ANRE: This year, the platform for changing the energy supplier in 24 hours will be operational
The national platform for the change of electricity and natural gas suppliers by end customers will be ready this year,…
Investments in Black Sea gas could bring Romanian budget 5 bln. lei annually
The budgetary impact of investments in Black Sea gas could be of 5 billion lei annually, according to the study…
Chimcomplex announces 14.6 million euros profit in the first quarter of 2022
Chimcomplex, Eastern Europe’s largest chemical polyols producer, reports a 23.2% increase in turnover for the first quarter of 2022 compared…
Niță, FPPG: We look forward to seeing the Offshore Law in the Official Gazette
After several years of delays, the new Offshore Law has finally passed Parliament and was approved by the Chamber of…
Nagy-Bege: Suppliers have not yet received all the money for compensation and capping
The energy sector is still shaking and, if solutions have been found at the consumer level, suppliers have not yet…
Austria will increase its strategic gas reserves by 58% to reduce its dependence on Russia
The Austrian government decided on Wednesday to increase its strategic gas reserves to 58.5% – enough to cover consumption for…
Hungary needs 750 mln. euro and four years to part with Russian oil
Hungarian Foreign Minister Peter Szijjarto said on Wednesday that his country needs four years and 750 million euro in investment…
Romania amended offshore law to allow exploitation of Black Sea gas
Romanian Energy Minister Virgil Popescu welcomed the favourable vote in the Chamber of Deputies, the decision-making body, and his parliamentary…
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…
Gas prices in Europe continue to fall following the Commission’s clarifications on the payment of Russian gas
Reference prices for natural gas in Europe continued to fall on Tuesday, after the European Commission clarified how EU companies…
Catherine MacGregor: Engie will pay in euro for Russian gas
Engie will pay Gazprom in euro for Russian gas, CEO Catherine MacGregor announced on Tuesday, Reuters reports. “We’ll pay in…
Rompetrol records a loss of 132 mln. USD in Q1, despite the increase in turnover
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), had a gross turnover of 1.17 billion USD in…
Romgaz’s profit doubles in Q1, margins remain high
In the first quarter (Q1) 2022, Romgaz Group recorded a revenue of RON 3,925.8 million, increased by 195.78%, namely RON…
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…
Gazprom will no longer use Yamal-Europe for gas transit via Poland
Russia’s Gazprom Group said it will no longer be able to export natural gas through Poland via the Yamal-Europe pipeline,…
Green NGOs are calling for new protection regulations in offshore oil operations
Environmental organizations Greenpeace, Bankwatch, 2Celsius, WWF and Declic have sent an open letter to members of Parliament regarding the offshore…
Radu Dudău: We hope for a positive result of the strategic project of the Black Sea gas
Romania’s Parliament is finally moving at a record speed on the Black Sea gas strategic project and we hope for…
INS: Natural gas prices have risen by more than 85% in the last year
Natural gas, potatoes and edible oil prices have risen the most in the past year, according to data from the…
Rompetrol invests 4.2 mln. USD in the modernization of the Vega Ploieşti refinery
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has completed a 4.2 million USD investment in the…
World Bank advises Romania in developing its hydrogen strategy
The World Bank will help us with a set of materials on technical regulations regarding hydrogen, Zoltan Nagy-Bege, vice-president of…
Offshore law was adopted by the Senate, Chamber of Deputies follows – as decision-making body
The Senate adopted on Wednesday, as the first chamber notified, the draft amendment to the Offshore Law initiated and assumed…