OMV Petrom and Romgaz, forced to sell 30% of the domestic production in the centralized markets
OMV Petrom and Romgaz will be obliged to auction for 3 years about 30% of the production in the centralized…
MOL Group reported an USD 152 mln. net loss in Q1
Today, MOL Group announced its financial results for Q1 2020. Large inventory and foreign exchange losses resulted in MOL reporting…
Delgaz Grid acquires devices and equipment for detecting natural gas losses
Delgaz Grid, the gas and electricity distribution company within the E.ON group, purchases with 4.97 million lei, excluding VAT, appliances…
ANRE sets the gross rate of return of electricity and gas distributors at 6.19%
Bogdan Tudorache ANRE changed the rate of return of electricity distribution operators, setting a new index of 6.19%. “The regulated…
Lungu, AFEER: Suppliers should be supported by low interest loans
Bogdan Tudorache AFEER President Ion Lungu believes that suppliers should be supported by the possibility of being able to get…
Rompetrol Bulgaria opened its 56th gas station in the city of Shumen
Rompetrol Bulgaria, a company member of KMG International, officially opened a new gas station in Shumen, town situated 90 km…
Postponement of bills payment: The cash flow required for energy utilities companies would be of 600 mln. euro monthly
Bogdan Tudorache Utility companies would need a cash flow of about 600 million euro a month – or 1.8 billion…
OMV does not exclude the possibility of resorting to lay-offs due to the coronavirus crisis
Austrian OMV Group plans to expand its current four billion euro cost reduction program, said CEO Rainer Seele, who added…
ANRE Order: Transgaz would control the connection works to the gas transmission system
A draft order of the National Energy Regulatory Authority (ANRE), about the connections to the gas transportation system, a deal…
Intelligent Energy Association: The price of natural gas could reach 2008 levels
Bogdan Tudorache In 2008, ANRM issued Order no. 21/2008 regarding the approval of the reference price for natural gas extracted…
MOL Group ensures continuous supply security with optimized operational and financial measures
MOL Group implements measures not only to mitigate the impact of the current situation on the Group, but also to…
Gas prices have remained below the regulated level, but it is hard to believe that market liberalization will actually take place from 1 July
Bogdan Tudorache Prices on the natural gas market have not yet changed, following the announcement of the Executive to impose…
Compulsory gas stocks for next winter fall by 13%
ANRE recently published the order regarding the obligatory quantities of gas to be stored for consumption in the future cold…
R. Dudău: If well enforced, utility payment deferral can be really helpful to energy suppliers
The think-tank Energy Policy Group has launched in public debate a first analysis of the draft law on utility payment…
Gas price cap, a populist decision that favors gas importers and suppliers – not consumers
Bogdan Tudorache The capping of the price of natural gas (together with the prices of other utilities), recently taken by…
Petrom estimates a net profit decline by 21% in 2020
OMV Petrom estimates for this year a profit of 2.81 billion lei, down 21% on the previous year. The budget…
OMV Petrom is ready to continue supply
OMV Petrom has implemented a series of measures to ensure the smooth running of the activities. Christina Verchere, CEO of…
Delgaz Grid, ready to ensure continuity in the supply of electricity and natural gas
Dispatch activities, interventions to resolve incidents and disturbances, as well as maintenance works continue to be normal, but some of…
Intelligent Energy Association: COVID-19 crisis will generate bankruptcy among gas suppliers
Dozens of natural gas suppliers risk bankruptcy as their customers no longer want to pay for the consumed hydrocarbons and…
Romgaz operates under normal conditions, but investments may be delayed
Currently, Romgaz is operating under normal conditions, without being affected by the evolution of the pandemic. The company focuses on…
Chisăliță: Gas liberalization might be delayed; there is no political will for it
Bogdan Tudorache The liberalization of the gas market from July 1 may not take place, since there is no political…
V. Popescu: There is no cause for concern regarding the supply of electricity and gas to citizens
Virgil Popescu, Minister of Economy, Energy and Business Environment today convened the Emergency Command at the level of the Ministry…
ANRE draft Order: New obligations for gas supply on centralized markets
ANRE has launched in public debate a draft Order [HERE in Romanian] on the obligation to supply natural gas on…