Popescu: Romgaz must to be part of the consortium that will start exploiting gas in the Black Sea
The Minister of Economy, Energy and Business Environment, Virgil Popescu, said that he wants Romgaz to be part of the…
Manuela Stan Olteanu, new Chairman of the Board of Directors of Romgaz
Romgaz’s Board of Directors decided on Wednesday to appoint Manuela Petronela Stan Olteanu as chairman of the board, according to…
Verchere, Energy Strategy Summit: Black Sea Gas is a huge opportunity, but it won’t be forever
Black Sea gas is a huge opportunity for Romania, but it will not be forever, and at the moment, the…
EU ministers exclude nuclear, fossil gas from green transition fund
European Union countries agreed that the bloc’s flagship fund to wean regions off fossil fuels should not finance nuclear or…
Bege, Energy Strategy Summit: Liberalization of gas and electricity markets will have beneficial effects on household consumers and attract investors
The liberalization of the Romanian gas market, on July 1, 2020, and of the electricity market, from January 1, 2021,…
The first gas transactions for the next year – at a price of 60 lei/MWh
On Friday, the first gas transaction was made with delivery for the entire year 2021 at an average price of…
Suppliers will support penalties of 5-10% of turnover for market manipulation
The Commission for Industries and Services introduced an amendment to the Draft Law amending and supplementing the Law on Electricity…
OMV Petrom won tender for oil and gas exploration perimeter in the Black Sea in Georgia’s offshore area
OMV Petrom, the largest energy company in Southeast Europe, is pleased to confirm that it has been selected as the…
E.ON merges its gas suppliers for population and companies
E.ON initiated the legal procedures of merging of the two natural gas suppliers it owns in Romania, by absorbing E.ON…
Interagro restarts Donau Chem chemical plant, becomes the country’s largest gas consumer
Interagro Group, controlled by Ioan Niculae, reopens the second chemical unit and becomes the country’s largest gas consumer. The group…
Verchere (OMV Petrom): Quarantine saw a 45% drop in petrol and diesel demand in April
OMV Petrom registered in April gasoline and diesel sales 45% lower than in the same month of 2019, the drastic…
Gas producers will be forced to sell 40% of production on the stock exchange, starting July 1
Gas producers will be obliged to sell on the stock exchange 40% of production, between July 1 and December 31,…
Interconnection with Serbia, a project of national importance
The government wants to declare the investment project “Interconnection of the National Natural Gas Transmission System in Romania with the…
OMV Petrom and Romgaz say that the obligation to trade gas on the stock exchange contradicts the idea of a free market
The obligation of gas producers, imposed by law, to sell on the stock exchange certain quantities, at certain prices, through…
Popa (OMV Petrom): Romania will import 40% of gas in 2030, without Black Sea resources
Romania will end up importing 40% of its gas in 2030, if the Black Sea gases are not extracted, said…
Energy Security Barometer: 21.5% of Romanians say they are vulnerable consumers
The second edition of the Energy Security Barometer, launched on Wednesday, reveals that 21.5% of consumers consider themselves vulnerable, in…
AEI calls for a weighted average price for gas consumers
Bogdan Tudorache The Intelligent Energy Association (AEI) has submitted a petition to the People’s Advocate, the Government and the Presidency…
Energy Minister accuses gas suppliers of abuse of dominant position and arrogance, on the verge of market liberalization
The Minister of Energy, Virgil Popescu, continued on Wednesday the accusations against the gas suppliers, reproaching them for abusing their…
Iancu: Gas suppliers will pay a tax on additional revenues from liberalization
Gas suppliers will transfer to the state budget a tax from the additional revenues obtained with the liberalization of the…
E.ON: There is no reasonably priced gas in the long run to reduce the price per capita
E.ON Romania claims that there are currently no quantities of gas available on the market at reasonable and long-term prices,…
Hungary agrees new gas deal with Gazprom
Hungary has agreed to buy 6.2 billion cubic metres of natural gas from Gazprom and will begin talks on a…
Global natural gas production to fall by 2.6% this year
Global natural gas output is set to fall by 2.6% this year because of the impact of the COVID-19 pandemic,…
Six global firms strike $20 billion agreement with Abu Dhabi state oil giant
A consortium of six global investors has entered into a $20.7 billion agreement with Abu Dhabi National Oil Company (ADNOC),…