Catherine MacGregor: Engie will pay in euro for Russian gas
Engie will pay Gazprom in euro for Russian gas, CEO Catherine MacGregor announced on Tuesday, Reuters reports. “We’ll pay in…
Rompetrol records a loss of 132 mln. USD in Q1, despite the increase in turnover
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), had a gross turnover of 1.17 billion USD in…
Romgaz’s profit doubles in Q1, margins remain high
In the first quarter (Q1) 2022, Romgaz Group recorded a revenue of RON 3,925.8 million, increased by 195.78%, namely RON…
NGOs call for demolishing Nord Stream 2 to avoid environmental damages
Environmental NGOs warn that leaving the unused Nord Stream 2 pipeline at the bottom of the Baltic Sea could cause…
Gazprom will no longer use Yamal-Europe for gas transit via Poland
Russia’s Gazprom Group said it will no longer be able to export natural gas through Poland via the Yamal-Europe pipeline,…
Green NGOs are calling for new protection regulations in offshore oil operations
Environmental organizations Greenpeace, Bankwatch, 2Celsius, WWF and Declic have sent an open letter to members of Parliament regarding the offshore…
Radu Dudău: We hope for a positive result of the strategic project of the Black Sea gas
Romania’s Parliament is finally moving at a record speed on the Black Sea gas strategic project and we hope for…
INS: Natural gas prices have risen by more than 85% in the last year
Natural gas, potatoes and edible oil prices have risen the most in the past year, according to data from the…
Rompetrol invests 4.2 mln. USD in the modernization of the Vega Ploieşti refinery
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has completed a 4.2 million USD investment in the…
World Bank advises Romania in developing its hydrogen strategy
The World Bank will help us with a set of materials on technical regulations regarding hydrogen, Zoltan Nagy-Bege, vice-president of…
Offshore law was adopted by the Senate, Chamber of Deputies follows – as decision-making body
The Senate adopted on Wednesday, as the first chamber notified, the draft amendment to the Offshore Law initiated and assumed…
Germany will reduce the authorization procedures for new LNG terminals
Germany is poised to become a force in the liquefied gas market within a year thanks to the rapid approval…
Cutting off Russian gas exports will significantly affect the economies of the EBRD region
A sharp halt in Russian gas exports could cause a recession in the economies of emerging Europe, Central Asia and…
Greece-Bulgaria gas interconnector could be ready in June
The Greece-Bulgaria gas interconnector could be ready in June, as promised by Bulgarian officials, Energy Minister Virgil Popescu told journalists…
Bulgaria asks EU to authorize a tax exemption on electricity and gas
Bulgaria, a country deeply affected by rising energy prices, will ask the European Commission this week to allow it to…
Eastern Europe could receive more EU funding to accept the embargo on Russia
The European Commission is considering offering more money to Eastern European member states to upgrade their oil infrastructure in a…
Cîţu: The offshore law will enter voting procedures on Wednesday, any change must be agreed by the coalition
The offshore law will be voted on Wednesday and will be submitted immediately to the Chamber of Deputies, but any…
Engie calls on the EU for clear instructions on the payment of Russian gas
French utility Engie is still paying in euro for Russian gas, according to its contracts, and hopes to receive clear…
EU adjusts plans to sanction Russian oil to persuade reluctant states
The European Commission has proposed a series of changes to its Russian oil embargo in a bid to persuade reluctant…
Vestra: Turnover of 21 mln. euro, increase in the segment dedicated to utilities
Vestra, a Romanian company with over 25 years of experience in the utilities and automation equipment industry, announces a turnover…
OMV GM says the group will continue to invest heavily in oil and gas
The Austrian energy group OMV will not withdraw from short-term oil and gas production in the context of the possible…
USR: Diesel prices have risen the most aggressively, there is a need to cut the VAT
USR claims that Romania has “the most aggressive” increase in diesel prices in the European Union, and the Government has…
Barrel price rises following EU’s decision to impose an embargo on Russian oil
The European Union confirmed on Wednesday that it intends to end all imports of crude oil and refined petroleum products…