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News in Energy
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The cost of pitcoal mining in Valea Jiului (Romanian coal mining area) is 40% higher than the price at which it is sold to thermal power stations. read more...


Romanian Prime Minister Emil Boc said Monday Romania’s electricity and gas prices will go up between 2013 and 2015, since the Government will eliminate regulated prices, in compliance with requests by the International Monetary Fund. read more...


Romanian President Traian Basescu said Friday at the European Council meeting in Brussels that non-EU countries like Serbia and the Republic of Moldova should be connected to the EU’s single energy market, which is set to be established by 2014 the president’s office said in a press release Saturday. read more...


Romania’s largest oil company OMV Petrom (SNP.RO), owned by Austria's OMV, Friday raised its diesel oil pump prices by 0.06 lei (EUR1=RON4.2609) per liter, keeping its gasoline prices unchanged. read more...


Russia's Lukoil, and Petrom, the biggest company on the Romanian market, are in the process of completing investments of over 600 million euros in 2011 in energy production facilities. These are among the few conventional energy projects carried out in the last 20 years, being the first challenges to the state's monopoly in the sector. read more...


The Romanian Government “firmly” rejects the liberalization of gas prices at this time, since this is a measure to be implemented gradually, Thursday said Karoly Borbely, secretary of state within the Economy Ministry. read more...


Romanian government does not have the competence to set up prices for natural gas, given that the energy regulatory authority ANRE is an independent institution, but it can only interfere in abuse cases by indirect check-ups, Prime Minister Emil Boc said Wednesday. read more...


Romania posted the seventh growth in installed wind power capacity among the European Union member states in 2010, namely a 448-megawatt increase to a total of 462 MW, according to a report of the European wind energy association EWEA. read more...


Four of the six investors decided to withdraw from the two new 4bn-euro reactors of Cernavodă, Romania's biggest investment project of the past 20 years. read more...


Sources close to negotiations declared for HotNews.ro that the IMF did not talk about an increase in natural gas prices for the population but on the contrary, came up with a solution to decrease prices by 15%. read more...




The International Monetary Fund asked Romania to discard regulated prices for the production of electricity and natural gas and to draw up a new calculation formula in this respect. read more...


Competition Council launched an investigation to check whether there was or not an agreement between Rompetrol Gas and its distributors on the market for liquefied gas. Any form of agreement hinders competition and affects the interests of the consumers, President of the Competition Council Bogdan Chiritoiu said. read more...


Romania’s household electricity prices might remain at 2010 levels this year, since energy regulator ANRE sees no reasons for an increase, people close to the matter told MEDIAFAX. read more...


Romanian oil company OMV Petrom (SNP.RO) Wednesday said the fuel price changes were only due to tax raises, mainly the sales tax, to international oil prices and to the US dollar's exchange rate, rejecting local tax authorities' claims of unjustified increases. read more...


Denmark's Vestas, the world's leader in the field of wind farm technology, with turnover worth above 6bn euros in 2009, decided to open an office in Romania this year considering the company has already sold turbines with a 450 MW capacity for investments in Dobrogea. read more...


Romanian tax authorities will verify whether the financial reports of local oil companies include unjustified expenses aiming to reduce their real profit and if their declared fiscal losses are grounded. read more...


The hike in 2010 of pump prices in Romania was groundless and did not reflect the evolution of international quotes for crude oil, exchange rates and duties and fees, while most of the local oil firms reported significant losses, and their real profits were not reflected accordingly. read more...


Enel (Italy) and Arcelor Mittal Romania are the only remaining foreign partners of the Romanian state in the 4 billion-euro project of reactors 3 and 4 in Cernavodă, after in less than a year's time, CEZ (the Czech Republic), RWE (Germany), GDF SUEZ (French-Belgian group) and Iberdrola (Spain) left the project. read more...


The biggest players on the Romanian oil market, Petrom and Rompetrol, announced the first price cuts this year, of around 4 bani (1 RON - 100 bani) per litre. The move did not come amid protests in filling stations or as a result of politicians' tough statements, but as a result of the elimination of a tax, namely the 'cent per litre'. read more...


GE Energy, one of the most important companies in the renewable energy sector, will team up with Monsson Alba, developer of wind farms, for two new projects in Romania, which will add 35 MW of wind power to the national grid, reads a GE’s press release. read more...



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