AEI: Electricity and gas prices will reach record values this winter
The prices of gas and, implicitly, of electricity will reach unprecedented values this winter and many industrial consumers will go…
Transgaz posted a consolidated net profit up 33%
The National Natural Gas Transport Company Transgaz posted a consolidated net profit increasing by 33% after the first half of…
Rompetrol Rafinare reports a profit of 58 mln. lei in H1
Rompetrol Rafinare, a member company of the KMG International Group, recorded, in the first half of this year (H1), increasing…
Gas imports fell by 17.1% in the first 6 months of 2022; production decreased by 5.5%
Romania imported, in the first semester of 2022, a quantity of usable natural gas of 1.067 million tons of oil…
Gazprom warns that European gas prices could rise by 60% this winter
Gazprom announced on Tuesday that European gas prices could rise by 60% this winter, to more than $4,000 per 1,000…
SNN and Romgaz profit up, Transelectrica – in decline; roll in the management of Romgaz
The profits of SNN Nuclearelectrica and Romgaz recorded major increases in the first half of this year (H1), by 217%…
C. Prună: PSD wants to regulate the price of gas and energy production, endangers Neptun Deep
Regulating the price of gas and energy production would endanger the Neptun Deep project, claims Cristina Prună, USR deputy and…
Kazakhstan will start selling oil via Azerbaijan to bypass Russia
Kazakhstan plans to sell some of its oil via Azerbaijan’s largest oil pipeline starting in September as an alternative to…
Gasoline down .58 lei from June, diesel by .56
Fuel prices charged by the large gas station chains decreased compared to the end of June by 58 bani/liter (0.58…
IEA has improved its oil demand estimates as a result of the transition from gas to oil
Heatwaves and the increase in natural gas prices have led to an increase in the use of oil for electricity…
Germany advocates for the construction of a gas pipeline to connect the Iberian Peninsula with Central Europe
German Chancellor Olaf Scholz pleaded on Thursday for the construction of a natural gas pipeline between Portugal and Central Europe,…
MOL paid the money owed by Russia to Ukraine for the resumption of deliveries through Drujba
The MOL Group announced on Wednesday that it has paid the transit tariffs owed by Russia to Ukraine, to resolve…
Germany unlikely to reach gas storage targets without Nord Stream 1 supply
Germany is facing severe gas supply shortages in the coming winter if it fails to introduce the right measures, according…
Russian oil supply to Europe via Ukraine, interrupted
Ukraine has suspended deliveries of Russian oil to three European countries, starting on August 4, when, due to Western sanctions,…
Erdogan launches new gas exploration campaign in Eastern Mediterranean
Turkish President Recep Tayyip Erdogan launched a new gas exploration campaign in the Eastern Mediterranean on Tuesday, stating that it…
Germany’s energy U-turn: Coal instead of gas
Starting this week, German hard coal-fired power stations are restarting operations, which were being phased out because of the hugely…
CE: Sanctions will not prevent the Siemens turbine from being sent to Moscow
The European Commission (EC) offered assurances on Friday that Western sanctions against Russia will not prevent the Siemens Energy turbine…
Transgaz: Net profit higher by 109% (934 mln. lei), compared to the level assumed in the 2017-2021 Management Plan
Transgaz recorded, in the period 2017-2021, a 111% higher gross profit (1,133 million lei) and a 109% higher net profit…
Delgaz Grid invests 28 mln. lei in Târgu Mureș gas network
Delgaz Grid continues, during this period, in Târgu Mureș, one of the most important investment works for the modernization of…
Timișoara receives most of the money from the budget for district heating
The total value of the funds allocated by the Ministry of Development in the previous season to ensure the heating…
UN chief urges tax on ”grotesque greed” of oil, gas companies
United Nations Secretary-General Antonio Guterres slammed the “grotesque greed” of oil and gas companies and their financial backers and urged…
EBRD opens a credit line of 30 mln. euro for Premier Energy
The European Bank for Reconstruction and Development (EBRD) said on Thursday that it plans to provide a working capital revolving…
The draft law on Romania’s mandatory crude oil reserves, approved by the Government
The draft law on the transposition of Directive 2018/1581 of the European Commission, a directive that will amend Law 85…