Russian natural gas substitution – scenarios proposed by FEL Romania
The escalation of the Russian-Ukrainian conflict has amplified the effects of the energy crisis and calls for a rethinking of…
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Transgaz made a profit of almost 268 mln. lei, up 70%, in Q1
In the first quarter of this year, Transgaz registered a net profit of 267.918 million lei, up 70% compared to…
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…
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…
Transgaz shareholders approved a gross dividend per share of 14.82 lei for 2021
Transgaz shareholders approved, in the Ordinary General Meeting on Thursday, a gross dividend per share amounting to 14.82 lei, related…
Gas prices have risen as the EU looks at new sanctions against Russia
Reference prices for natural gas in Europe rose by 7% on Monday morning amid growing fears about gas supplies due…
Virgil Popescu: Energy resources must not be used as blackmail weapons
Romania supports the development of the Southern Gas Corridor and the partnership with Turkey in order to diversify supply routes,…
Transgaz, Nuclearelectrica and Romgaz will transfer only 50% of dividends, investments are prioritized
After Nuclearelectrica and Romgaz, the Government decided to exempt Transgaz from paying 90% dividends. Thus, 50% dividends will be paid…
Popescu: In order to reduce dependence on the Russian Federation, we need to complete the interconnections
The reduction of the dependence on the Russian Federation can be achieved faster if we hasten the completion of the…
A new gas pipeline between Turkey and Israel – the possibility of reducing dependence on Russia
A gas pipeline between Turkey and Israel is being discussed as one of Europe’s alternatives to Russian deliveries, but government…
EU Commissioner for Economy: If Russia cuts off gas supplies, we are ready to face the decision
The payment of Russian gas in rubles means a breach of existing contracts, and if Russia decides to suspend deliveries,…
ING will no longer fund new oil and gas projects
Dutch banking group ING will no longer finance new oil and gas projects, ING energy director Michiel de Haan told…
Cîțu: Excise tax cut on fuel is no longer on the table of the governing coalition
The president of PNL, Florin Cîţu, declared on Tuesday that the reduction of the excise tax on fuel is no…
Minister: Starting this year, we will have an additional 1 billion cm of gas
Romania will have natural gas from other sources next winter, including from the Black Sea, and starting this year we…
Bulgaria-Greece pipeline will receive the first Azerbaijani gas molecule in September
Bulgarian Prime Minister Kiril Petkov says the Bulgaria-Greece gas pipeline will be up and running in September, according to BTA.…
Iohannis: Romania is willing to make its own gas infrastructure available
Romania is willing to provide its own infrastructure to diversify the supply of natural gas from multiple sources, in the…
IEA: There are high risks to the oil supply – possibly the biggest crisis in decades
The International Energy Agency (IEA) warned on Wednesday of the risk of “the biggest supply crisis” of oil in decades,…
EU splits on Russian oil and gas ban
In Romania, neither the government nor President Iohannis have spoken about a ban on Russian energy. However, they are nevertheless…
Gas prices continue to fall after Russia ruled out an export ban
Reference prices for natural gas in Europe fell on Friday, for the fourth day in a row, after Russia announced…
Gas prices have fallen by 10% in Europe, with Russian deliveries running normally
Reference prices for natural gas in Europe fell by as much as 10% on Thursday, while Russian gas supplies to…
EU drafts plan to ditch Russian gas
Europe needs to build up its renewable energy capacity and diversify its gas supply to end its dependency on Russian…
Iohannis: The European Union’s dependence on Russian gas must end
The European Union’s dependence on Russian gas must end, President Klaus Iohannis said in a joint conference with European Commission…
Virgil Popescu spoke with the Azerbaijani president about Europe’s gas supply
Romanian Energy Minister Virgil Popescu in Baku spoke with President of the Republic of Azerbaijan Ilham Aliyev and other officials…