Republic of Moldova’s energy sector enters alert state
The Commission for Exceptional Situations (CSE) of the Republic of Moldova decided on Wednesday to declare a state of alert…
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EU has enough natural gas for the winter, considers reforming the market
EU member states have enough natural gas in storage to cope with the winter, but recent price increases show that…
Five countries, including Romania, propose a 5-pillar approach to gas and electricity prices
The Ministers of Economy and Finance of Spain, France, the Czech Republic, Greece and Romania propose a 5-pillar approach on…
Hungary has signed the 15-year contract with Gazprom
Hungary signed a new 15-year natural gas purchase agreement with Gazprom, which will ensure its long-term energy security, Hungarian Foreign…
Gazprom says it is ready to increase gas supplies to Europe
Gazprom is ready to increase gas supplies to Europe amid rising prices, Russia’s Interfax news agency reported, citing Kremlin’s spokesman…
Global gas market to grow reasonably over the next five years
Global gas prices are at “extreme levels” due to low inventories and strong demand in Europe and China, and the…
Gas price hike also hits Germany, but no plans to intervene by gov’t
The quick rise in natural gas prices also impacts Germany, but the economy ministry at this point does not aim…
Engie: The high level of natural gas prices could be maintained in the near future
Didier Holleaux, Engie’s deputy general manager, said on Tuesday that he was worried that current natural gas prices could continue…
Russia is expected to increase its oil exports in Q4
Russia is expected to increase its oil exports from the Urals through Baltic ports in the fourth quarter, due to…
Republic of Moldova – Gas price for the population could increase by 35%
Moldovagaz, together with representatives of the Ministry of Economy and Infrastructure of the Republic of Moldova, is in the final…
Kremlin claims that the launch of Nord Stream 2 will help calm down the price of gas in Europe
A quick launch of the Nord Stream 2 pipeline could help calm gas prices in Europe, Kremlin spokesman Dmitry Peskov…
Chirițoiu: We can’t influence the energy exchanges, the wholesale market, which are part of the European market
Capping energy prices would mean a step back in the development of the market, and the authorities should take measures…
European authorities are announcing measures to reduce energy bills
Energy prices continue to rise and reach record levels as a result of rising gas prices and green certificate prices,…
PwC: Black Sea Natural Gas – Investments need to be made now
The subject of natural gas reserves in the Black Sea has been intensely debated in public space over time. The…
Germany has four months to authorize the Nord Stream 2 pipeline
Germany’s energy regulator (Bundesnetzagentur) announced on Monday that it has four months to complete the authorization process for the Nord…
Digital transformation, a new stage of the oil and natural gas sector in Romania
In the age of digital technology, rapid access to applications and big data sets becomes the “fuel” for the development…
Nagy-Bege: About 44% of household customers did not have contracts on the competitive market by end-July
At the end of July, almost 44% of household customers had not signed contracts on the competitive market for both…
Hungary and Russia – new long-term gas supply agreement
Hungary has negotiated with Russia all the terms of a new long-term gas supply agreement, which will enter into force…
EBRD becomes a shareholder in Vestmoldtransgaz, with an investment of 20 million euros
The European Bank for Reconstruction and Development (EBRD) became, starting with 25.08.2021, associated with a 25% participation in the natural…
OPEC says that the Delta version of the coronavirus will not affect oil demand
Although the impact on the world economy of the Delta variant of coronavirus is still a great unknown, the Organization…
Transgaz opens BRUA phase 1 with capacity reservation on the Hungarian route
Bogdan Tudorache Transgaz has announced that it has completed work on the BRUA-Phase 1 pipeline with savings of about 20%.…
Energy Minister: OMV can’t sell Petrom shares without the consent of the Romanian state
OMV cannot sell the shares from Petrom to another company without the consent of the Romanian state, wrote on Facebook…
OMV Petrom – net profit up by 13%, to 980 mln. lei in H1
OMV Petrom ended the first half of this year (H1) with a net profit of 980 million lei, up 13%…