Romania’s crude oil imports increased by 30.5% in the first five months
Romania imported, in the first five months of 2021, a quantity of crude oil of 3.383 million tons of oil…
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Import-Export
Energy Community Secretariat supports trans-regional cooperation on development of integrated SEEGAS market
On 21 July 2021, a Memorandum of Understanding about trans-regional cooperation on the development of an integrated South-Eastern and Eastern…
Russia rejects allegations that it uses energy resources for political pressure
Russia rejects any attempt to accuse it of using energy resources as a “weapon” of political pressure, Kremlin spokesman Dmitry…
Global fuel demand will reach its peak sooner than expected
Demand for petrol and diesel will peak in 2027, four years earlier than previously estimated, as lower-fueled cars and widespread…
Gas imports increased by 24.5% in the first five months, production down 1.8%
Romania imported, in the first five months of 2021, a quantity of usable natural gas of 1.8 million tons of…
Cătălin Stancu, Horvath&Partners: Romania has everything it needs to produce blue hydrogen
Romania will have an extremely difficult challenge to solve in the medium term – the absorption of European funds, but…
Hungary has a 15-year deal with Russian group Gazprom
Hungarian Foreign Minister Peter Szijjarto signed a 15-year gas supply agreement with Russian group Gazprom on Thursday, which will take…
Rystad Energy – Global oil demand to peak in 2026
The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years…
US will use ”all available means” to stop completion of Nord Stream 2 pipeline
US government is increasing pressure on the German government to halt the Nord Stream 2 gas pipeline, Hans Monath writes…
Europe builds 87 bln. euro worth of fossil gas assets – report
Europe is already building or planning to build €87 billion worth of fossil gas infrastructure in a continued expansion of…
Crude oil prices rise after OPEC meeting
The price of a barrel of oil rose on Thursday after the OPEC + group (composed of the Organization of…
Washington threatens entities involved in the Nord Stream 2 pipeline with sanctions
US Secretary of State Antony Blinken on Thursday called on “all entities involved” in the controversial project of the Nord…
Energy minister: The government can unilaterally denounce oil agreements
Government can unilaterally denounce the oil agreements, for reasons of national security, after the Parliament approved an emergency ordinance in…
Brent crude breaks $70 after Saudi Arabia’s oil facilities attacked
International benchmark Brent crude futures popped on Monday, moving above $70 a barrel for the first time in more than…
Athens and Cairo mull changing the route of EastMed pipeline
Greece and Egypt are discussing the possibility of changing the route of EastMed gas pipeline in order to tackle the…
Otilia Nuțu, EFOR: Nord Stream 2 will divide Europe
The Nord Stream 2 project does not bring a new source to the European energy market and does not have…
Contracting companies are leaving Nord Stream 2 for fear of US sanctions
About 18 companies, including oil services company Baker Hughes Co and insurance group AXA Group, have recently stopped working on…
Romgaz’s net profit rose 15% in 2020, despite declining gas sales
Romgaz obtained a net profit of 1.25 billion lei last year, up 15.14% compared to 2019, but the company’s turnover…
Virgil Popescu and Hungarian Foreign Minister discuss Black Sea gas and BRUA pipeline
The Minister of Energy, Virgil Popescu, had a working meeting on Thursday with the Minister of Foreign Affairs and Foreign…
Romania imported 3% less Russian gas in 2020
The Russian group Gazprom exported to Romania last year a quantity of 962 million cubic meters (mcm) of natural gas,…
S&P could downgrade 13 major oil companies, in the background of climate change
Major oil companies received a blow on Tuesday night after one of the main rating agencies, S&P Global Ratings, warned…
Werner Hoyer, EIB: Gas is over
Bogdan Tudorache Europe needs to acknowledge that its future is no longer with fossil fuels, said the President of the…
Resumption of works on the Nord Stream 2 pipeline has been postponed
The consortium responsible for the Nord Stream 2 gas pipeline project has decided to postpone construction work on the submarine…