investment
ACUE: 4 bln. EUR invested in the energy distribution grids in 10 years, more than 10 bln. euro investments still needed
The electricity and gas distribution networks need investments over EUR 10 billion in the long term in order to replace…
Preventing imbalances on the gas market
A few days of freezing weather have uncovered the lack of flexibility in the national natural gas system and have…
Net profit of 854 million lei for OMV Petrom in Q1, similar investments
OMV Petrom announced a net profit of 854 million lei, in the first quarter of this year, up 38% compared…
ANRE calculated a profit rate of 5.07% in power distribution from 2019 on
The National Regulatory Authority for Energy – ANRE has put in public debate two essential documents for updating the regulatory…
OMV Petrom increases the investments in 2018 by 58%, to 5.5 billion lei
The Ordinary General Meeting of Shareholders approved OMV Petrom S.A.’s 2018 investment budget of 5.55 billion lei, up 58% from…
Key figures in Hidroelectrica’s revenue and expenditure budget for 2018
The energy producer Hidroelectrica proposes to shareholders for the May 4th General Assembly a “realistic and prudent” budget, with a…
China invested three times more into renewables than the US
China, the world’s largest emitter of greenhouse gases, is determined to rebalance its energy mix, and incorporate more clean energy.…
FIC: Romanian bureaucracy banishes new investors and discourages the present
Foreign investors consider that the bureaucracy makes Romania uncompetitive compared to other areas in Europe where they are doing business…
An energy crisis is looming in South-East Europe
Since the dissolution of the Eastern Bloc, energy production in Southeast Europe (SEE) has been stymied by chronic underinvestment. As…
Romgaz: Investments of 1.6 billion lei in 2018 and diversification plans in CNG, renewable and petrochemicals
Romgaz estimates for this year an operating profit of 4.57 billion lei, down 8.1% from the preliminary value of the…
Investors pile into Gazprom bond sale
Just as Prime Minister Theresa May was spelling out the U.K.’s response Wednesday to the poisoning of a former spy…
OPEC’s Barkindo on lost $1 trillion energy investment: ”Sowing seeds for future global energy crisis”
OPEC Secretary General Mohammad Barkindo said one of the most important issues the energy industry currently faces is a lack…
Shell: LNG markets may need USD 200 bln. in investments by 2030
Shell projects that the global liquefied natural gas (LNG) markets may need up to $200 billion in investments by the…
Transgaz has won the privatization tender for Vestmoldtransgaz, the operator of the Iasi-Ungheni pipeline in Moldova
Transgaz Branch in the Republic of Moldova, Eurotransgaz SRL, won the tender for the privatization of the Vestmoldtransgaz State Enterprise,…
Black Sea gas and international expansion are the answers for the future of OMV Petrom
Over the past 12 years, the company has invested over 13 billion euros, said Mariana Gheorghe, CEO of OMV Petrom,…
Bucharest minicipality voted its annual budget, RADET gets 76 mln. lei for investment
The General Council of the Capital adopted the Bucharest City Budget Draft for 2018, which provides for expenditures of 6.2…
