Prospect of strikes raises the price of natural gas
Benchmark natural gas prices on the European market rose on Monday as workers at some liquefied natural gas (LNG) production…
ORLEN increases Poland’s LNG import capacity
ORLEN will be able to receive up to 58 shipments of liquefied natural gas per year at the Floating Storage…
EU natural gas storage capacities, 90% full
Natural gas storage capacities in the EU are already 90% full, well ahead of the deadline set to reach this…
The energy security of the Republic of Moldova depends on the Transnistrian file
Mihai Melintei, Energy Analytical Studies Recently, the energy issue and the concept of energy security have firmly established themselves in…
IEA: Global oil demand will hit an all-time high in 2023
Global oil demand will hit a record high in 2023 amid robust consumption in China and elsewhere, which threatens to…
Gas consumption drops significantly by 12% in H1, warehouses are 80% full
The consumption of natural gas at the national level in the first 6 months of 2023 registered a decrease compared…
Volker Raffel: There is no single recipe for all states, the use of green gas – part of the solution
Electricity distributors want to invest even more, but these investments are recouped through tariffs, “because no one has a money…
Burduja: ELCEN has 1 bln. lei to collect, creditors could ask for bankruptcy
Electrocentrale Bucharest (ELCEN) is in a crisis situation and from October could have problems with the purchase of natural gas,…
European traders store gas in Ukraine in spite of risk posed by the war
European gas traders have started storing natural gas in Ukraine, taking advantage of low prices and available capacity there, regardless…
EC approves a measure of 16 mln. euro for the expansion of the Chiren gas storage
The European Commission approved on Tuesday, in accordance with the EU rules on state aid, a measure adopted by Bulgaria…
MOL Group achieved an EBITDA result of USD 1,125 million in H1
Today MOL Group announced its financial results for Q2 and H1 2023. In the first six months MOL Group delivered…
Harnessing Carbon Capture and Storage in Romania
In order for Carbon Capture and Storage (CCS) technology to significantly contribute to the decarbonization of the Romanian energy system,…
ANRM officially confirms the Development Plan for the deposits in the Neptun Deep perimeter
OMV Petrom and Romgaz announce that the final development plan for the Domino and Pelican Sud commercial deposits in the…
European Energy wants to produce green hydrogen and e-methanol in Romania as well
The Danes from European Energy aim to develop plants for the production of green hydrogen and e-methanol in Romania, after…
EU sets state support conditions for German gas and hydrogen power plants
The European Commission has set important framework conditions for planned German state support to build and operate about 24 gigawatts…
Dumitru Becșenescu, Antares Group: Switching to alternative fuels has an immediate impact on the environment
When looking ahead, the most important thing is to discover ways to stimulate biomethane, which is required to ensure the…
OMV Petrom estimates an increase in gas demand, sees barrel at $75-80
The demand for electricity will decrease in the coming months, but in the case of natural gas, OMV Petrom estimates…
OMV Petrom: Despite the 50% drop in profit, investments increased by 70% in H1
OMV Petrom increased its investment budget by 70% in the first half of this year (H1), despite the decrease in…
Bankwatch: EU funds for fossil gas in Poland and Romania contradict climate goals
Poland and Romania have earmarked a combined EUR 2.7 billion in EU public funds for gas expansion, a new report…
Burduja: Romanians will have safe access to gas, including in the event of a colder winter season
Romanians will have safe access to gas, including in the event of a cold season with lower temperatures than last…
CIS Gaz: Investments in energy infrastructure would reduce energy costsfor the population
In 2022 and the first semester of this year, many Romanians complained about higher energy bills, as costs increased by…
Novatek to become the main supplier of Russian gas to Europe, beating Gazprom
Increased supplies of liquefied natural gas (LNG) from Russia’s Novatek will help the group become Europe’s leading fuel supplier, overtaking…
Romania’s crude oil production fell 3.9% in the first five months of 2023
Romania produced, in the first five months of 2023, a quantity of crude oil of 1.177 million tons of oil…