EU drafts plan to ditch Russian gas
Europe needs to build up its renewable energy capacity and diversify its gas supply to end its dependency on Russian…
Fuel prices exceeded 8 lei per liter in Romania and 2 euro in Germany
The price of fuels in Romania has recently exceeded the threshold of 8 lei per liter, according to data analyzed…
EC allows the regulation of energy and gas prices
The European Commission confirms that, in this exceptional situation, Member States can regulate retail prices for electricity and gas for…
Russia warns that a barrel of oil could exceed $300 in the event of a joint embargo
Oil prices could rise to more than $300 a barrel if the United States and the European Union ban oil…
Bulgaria could request an exemption from any EU sanctions on imports of gas and oil from Russia
Prime Minister Kiril Petkov said on Monday that Bulgaria supports sanctions against Russia as a means of stopping the invasion…
Energy and natural gas prices exceed all expectations, both in Romania and in Europe
The price of natural gas reached a new all-time high on the European market on Monday morning, after the US…
Chisăliță: The free gas connection program must be stopped, because it leads to price increases for everyone
Authorities should stop the program of free connection of Romanian consumers to the gas network, as this leads to higher…
Virgil Popescu: We are looking at all the possibilities of gas supply; we will not have problems
Romania is looking at absolutely all gas supply possibilities, and Azerbaijan is certainly a source and a natural gas supply…
ENGIE: Stopping energy imports from Russia would affect supply next winter
Any decision to stop energy imports from Russia in retaliation for Moscow’s invasion of Ukraine will affect France’s and Europe’s…
OMV joins large energy companies and withdraws from Russia
The Austrian group OMV announced on Saturday that it is withdrawing from Russia, being the latest energy company to make…
Blinken says US is working with European allies to look at ‘prospect’ of banning Russian oil imports
UPDATE WTI crude futures jumped to their highest levels since 2008 early on Monday, amid the risk of a Western…
IEA: 10 measures the EU should adopt to reduce Russian gas dependency
The International Energy Agency has presented the EU with 10 measures to reduce its dependence on Russian natural gas within…
Petromidia refinery – scheduled technological shutdown
Rompetrol Rafinare, member company of the KMG International Group (KMGI), will suspend the operational activity of the Petromidia Năvodari refinery,…
Dragoș Bărbulescu joins the CEZ Romania team
Starting with March 2022, Dragoș Bărbulescu holds the position of CFO and Member of the Management Board within CEZ Romania.…
AFP: Russian oil giant Lukoil calls for halt to Ukraine armed conflict
Russian oil giant Lukoil on Thursday called for an immediate halt to fighting in Ukraine, one of the first major…
Iohannis: The European Union’s dependence on Russian gas must end
The European Union’s dependence on Russian gas must end, President Klaus Iohannis said in a joint conference with European Commission…
Virgil Popescu spoke with the Azerbaijani president about Europe’s gas supply
Romanian Energy Minister Virgil Popescu in Baku spoke with President of the Republic of Azerbaijan Ilham Aliyev and other officials…
Brent oil price continues to rise, reaching almost $117
The price of a barrel of Brent oil supplied in March continued its rise on Thursday and rose by 3.48%…
Gazprom’s natural gas exports fell by a third between January and February 2022
Gazprom’s natural gas exports to countries outside the former Soviet Union fell 32.6 percent in the first two months of…
BRM gas price rises by more than 50%
The spot price of gas traded in Romania and in Europe increased today by tens of percent, amid the war…
OMV has stopped talks with Gazprom on a gas field and revises role in Nord Stream 2
Austrian energy group OMV announced that it has abandoned plans to take over a stake in a Gazprom gas field…
Engie condemns invasion of Ukraine and increases gas purchases from Norway
Engie, one of five Western companies that joined as financing partners in Gazprom’s Nord Stream 2 project, condemned the situation…
Italy freezes 500 mln. euro loan for Russian Arctic LNG project 2
Russia’s invasion of Ukraine has prompted Italy to suspend its $21 billion Arctic LNG 2 project, led by private Russian…