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RENEWABLES MUST COMPLEMENT THE LIGNITE-GAS CONVERSION; PLUS CALCULATIONS PROPOSED BY ESCOROM / ENERGYNOMICS.RO

Following a position paper previously submitted by the ESCOROM Association and as a result of public reactions, comments delivered by means of energynomics.ro included, but above all, in addition to the position paper on the draft of the Romanian Energy Strategy (SER) issued by RWEA, the representatives of ESCOROM came up with a number of clarifications. Like RWEA, ESCOROM considers that the current proposed strategy and investment directions are not the most appropriate and do not ensure the long-term competitiveness for the Romanian energy sector, the Romanian economy and the Romanian consumer of energy, be it electricity or thermal, safely and environmentally friendly (with minimum GHG emissions). ESCOROM underlines that the focus of the EU’s energy policy is to reduce CO2 emissions, which makes the Primary Energy Factor (PEF) the main indicator to be pursued, up to and beyond 2030, to reduce the primary energy consumption needed for covering final energy consumption. “At present, the established levels are 1.483 Mtoe of primary energy, at 1,086 Mtoe of final energy consumed,” ESCOROM said.  

15.12.2018 ·

TURKISH BUSINESS WORLD EYES $200B IN EXPORTS

Turkish exporters’ prize goal is to make $200 billion in exports within a few years, the head of a large business association said on Friday.

15.12.2018 · TURKEY

MERKEL SEEKS TO CALM UK CONCERNS ON BREXIT DEAL

German Chancellor Angela Merkel sought on Friday to assuage concerns in the U.K. about the Brexit deal, stressing that a controversial “backstop” arrangement is intended as an insurance policy, and would be temporary.

15.12.2018 · GERMANY

TAIPED PLANNING SOUTH KAVALA UGS PRIVATIZATION FOR 2019 / ENERGYPRESS.EU

State privatization fund TAIPED intends to commence a sale procedure in 2019 for a depleted natural gas field in northern’s Greece’s offshore South Kavala region to be utilized as an underground gas storage facility, according to fund sources, who view the asset as pivotal infrastructure for the country’s development into a regional energy hub.

15.12.2018 · GREECE

EARLY ELECTIONS NOT A THREAT FOR ELPE SALE, OFFICIALS ASSURE / ENERGYPRESS.EU

Greek privatization procedures already at a mature stage and not requiring any legislative revisions or presidential decrees, such as the ongoing ELPE (Hellenic Petroleum) sale, would not be affected by early elections ahead of the completion of the government’s four-year mandate in October 2019, even if these were to be held as early as March, prospective buyers in the ELPE sale, offering a 50.1 percent stake, have been assured by the privatization fund TAIPED in response to questions on the matter.

15.12.2018 · GREECE

ZHANAT TUSSUPBEKOV, KMG INTERNATIONAL CEO: THE KAZAKH-ROMANIAN FUND WILL IMPLEMENT PROFITABLE AND SOCIALLY SIGNIFICANT ENERGY PROJECTS / NINE O,CLOKS

The Kazakh oil and gas company KazMunayGas, as shareholder of the KMGI Group (formerly “Rompetrol Group”), entered the Romanian market in 2007. Over the 11 years of presence in the local and regional markets, KMG International Group has achieved impressive results. Today KMGI is the second largest oil company in Romania, the third in the list of Romanian taxpayers and exporters. The company is also one of the largest employers in the country – about 20 thousand people work at KMGI and at related enterprises. How did the company manage to transform business processes, what are the drivers of growth of the international integrated group today, what are the goals and objectives of the joint investment fund set-up by KMGI and the Government of Romania and whether the Kazakh-Romanian business is a component of energy stability in the region? Zhanat Tussupbekov, KMG International CEO told us in an interview .  

15.12.2018 · KMG

GERMANY’S DSD NOELL TO RECONSTRUCT SERBIA’S DJERDAP 1 HPP SHIP LOCKS / ENERGYNOMICS.RO

Serbia has picked a consortium led by German company DSD Noell for the reconstruction of the ship locks of Djerdap 1 hydropower plant (HPP), the country’s infrastructure ministry said on Wednesday. DSD Noell, in a consortium with Serbian companies Feromont and Elektromontaza, will carry out the reconstruction works, the infrastructure ministry said in a statement. The Serbian government plans to invest 27 million euro ($30.6 million) in the reconstruction of the locks of Djerdap 1, the ministry said. Last month, infrastructure minister Zorana Mihajlovic said the Serbian government plans to invest a total of 55.5 million euro in the reconstruction of the locks of Djerdap 1 and Djerdap 2 HPPs, according to Seenews.

08.12.2018 · GERMANY

ABB COMMISSIONS FIRST DIGITAL SUBSTATIONS IN ITALY / ENERGYNOMICS.RO

ABB has commissioned two digital substations located in Tolve and Vaglio, part of the Basilicata region in southern Italy. The substations will integrate and transmit electricity generated by local wind farms to homes and businesses in the region and will contribute to Italy’s 2030 goal to meet 28 percent of its en-ergy needs through renewables.

08.12.2018 · ITALY

THE ROMANIAN STATE, AND ALL ITS CITIZENS, ARE THE MAIN BENEFICIARIES OF THE PETROLEUM ACTIVITIES / ENERGYNOMICS.RO

Vanja Aleksic, general manager of NIS Petrol Onshore oil exploration field was relatively poor in significant news in recent years, especially in the operational area. Operations are expensive and complicated, especially in a fiscal, legal and regulatory context that is unclear and often adverse. We discussed al these with Mr. Vanja Aleksic, general manager of NIS Petrol, one of the most dynamic Upstream companies in Romania, recently.

08.12.2018 · ROMANIA

DECEMBER 10 – ANRE CALLS PUBLIC DISCUSSION ON THE PROSUMERS REGULATIONS / ENERGYNOMICS.RO

ANRE announces the organization of a public meeting for discussing the package of regulations regarding the sale of electricity produced in power plants from renewable sources with installed capacity of no more than 27 kW belonging to prosumers, on 10.12.2018, 10:00, at its headquarters in 3, Constantin Nacu St, District 2, Bucharest, 6th floor, (entry through Bd. Carol I).

08.12.2018 · ROMANIA

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