Romanian gas market is not ready for liberalization. ACUE warns about its dramatic effects


The competent authorities must take the best measures to avoid major distortions in the gas market, following a hasty unprepared properly liberalization, the Federation of Associations of Energy Utility Companies (ACUE) shows in press release. “Unfortunately, in this moment, the ...

Read More »

Electrica’s profit in 2016, down by almost 3 pc


Electrica Group, one of the main players in the distribution and supply of electricity in Romania, registered last year a consolidated net profit of RON 469 million, representing a decrease of RON 13 million, or 2.8 percent, compared to the ...

Read More »

Gas prices to increase by 5-6pc for households consumers as of April 1


The natural gas prices will increase by 5-6% as of April 1 for household consumers, which will be protected during the year from potential unexpected increases of prices on the open market, said on Thursday the President of the Energy ...

Read More »

BRUA gas pipeline to become operational as of 2020


The works on BRUA (Bulgaria – Romania – Hungary – Austria) gas interconnector will begin later this year, and the pipeline will be operational in 2020, when ExxonMobil and OMV Petrom will start natural gas extraction from the Black Sea, ...

Read More »

BRUA pipeline gets Romania’s green light


Romanian Ministry of Energy has issued the construction authorization for the gas pipeline from Bulgaria to Austria, via Romania and Hungary (BRUA), a press release informs. BRUA project has been blocked at the taking office by the new government, because ...

Read More »

Hidroelectrica IPO is unlikely to happen before this year-end, FP official warns

Hidroelectrica IPO

There has been very little progress over the last few months in relation to Hidroelectrica IPO process and a lot of decisions have been stalled within different committees and different levels of the Government, Greg Konieczny, Portfolio Manager of Fondul ...

Read More »

RON 200 M state aid for closure of coal mines in the Jiu Valley this year

state aid

Hunedoara Energy Complex (CEH), which manages four coal mines in the Jiu Valley and two thermal power plants, Mintia and Paroseni, will receive this year a state aid of about RON 200 million, according to a draft law initiated by ...

Read More »

PM Grindeanu meets Exxon and OMV-Petrom representatives, promises support

grindeanu omv petrom exxon

Prime Minister Sorin Grindeanu has received on Monday a delegation of the consortium made up by ExxonMobil and OMV Petrom, led by David Cochrane, Vice-President of ExxonMobil Development Company and by Mariana Gheorghe, CEO of OMV Petrom. The three have ...

Read More »