Lukoil gives up its participation in the Trident perimeter in the Black Sea
Adrian Volintiru, Romgaz’s general manager, told G4Media.ro that Lukoil wants to sell its stake in the EX-30-Trident perimeter in the…
Oil demand will be affected by new restrictions in Europe
New restrictions imposed in Europe to stop the spread of the coronavirus pandemic (COVID-19) will reduce the outlook for global…
Intelligent Energy Association: The risks of “free connection” to the gas distribution network
Europe’s transformation into the first climate neutral continent by 2050 is the greatest challenge of our times. The Green Deal,…
Gal, ANRM: Investment needed in Black Sea gas projects, worth USD 6-7 bln
The Black Sea may become a small North Sea, as there are more than 200 billion cubic meters of gas…
MOL Group Q3 EBITDA bounced back despite the crisis
MOL Group announced its financial results for the third quarter of 2020. During the pandemic and economic crises, Clean CCS…
Romgaz received a new tranche, of 115 million lei, for the Iernut Power Plant
Bogdan Tudorache Romgaz received the second tranche, of 115 million lei, out of the total of 320 million provided for…
Greenpeace demands the exclusion of fossil fuels from funding
Bogdan Tudorache During this period, the European Parliament is discussing how public money will be used to recover from the…
Drăgan: Exploitation of the Neptun Deep project must begin by 2025
The Romanian government wants gas extraction from the Neptun Deep offshore field to begin by 2025 and is preparing a…
ASF is analyzing the request of BRM to launch derivative natural gas contracts
The Financial Supervisory Authority (ASF) has not yet issued the necessary approval to the Romanian Commodity Exchange (BRM) to launch…
Gas will continue to be an important commodity for the next decades
Globally, and in the EU in particular, there is a very strong push in limitation the use of natural gas…
Shahrad Adjili: Kawasaki bets on cogeneration and hydrogen
After the Fukushima incident, hydrogen became the only sustainable way for Japan’s energy security. Thus, Japanese companies were called by…
Florin Frunză, MET Romania Energy: Gas remains the main transition solution for Romania
“Romania still has many opportunities for the gas market, and with the coal phase-out, gas is still the transition solution…
Mihaela Toader, Romgaz: Technological neutrality must prevail
Romgaz is currently adjusting its investment strategy to take into account the new environmental policies decided in Brussels, said Mihaela…
EU set to deny gas power plants a green investment label
Power plants fuelled by natural gas will not be classed as a sustainable investment in Europe, unless they meet an…
Gazprom has taken over most of Bulgarian gas transit pipelines
Gazprom has taken over the most important border points of Bulgarian transit pipelines, without having to pay billions of euros…
POIM: 29 projects for the development of smart gas distribution networks, under evaluation
So far, within the POIM call, 24 projects worth 1.16 billion lei have been submitted through the Large Infrastructure Operational…
NAMR will become an authority; local governments to receive part of the royalties
On November 3, the Chamber of Deputies adopted the draft law initiated by PNL amending the Mining Law 85 of…
EC: EU gas production 19% lower in H1 – Romania extracted 10% less
European Union’s gas production fell by 19% in the first half of this year (H1), and the amount extracted in…
V. Popescu: Romanian state could take over 50% of Neptun Deep, via Romgaz
The Romanian state wants to take over, through Romgaz, the 50% participation in the Neptun Deep gas field, currently owned…
German government to fund outdoor heaters to help restaurants cope with pandemic
Restaurant owners in Germany soon could be given financial assistance by the government to purchase outdoor heaters that allow them…
Romgaz production increases in Q3, still decline at nine months
Romgaz reported an increase in production in the third quarter of the year (Q3), but for the first nine months,…
BRM launches derivative contracts on natural gas
Romanian Commodities Exchange (BRM) announces the launch for the first time in Romania, on November 16, 2020, of derivative contracts…
OMV Petrom Group posted losses of 41 mln. lei in Q3
OMV Petrom Group posted a loss of 41 million lei in the third quarter of the year (Q3), compared to…