Energy Ministry
Gas imports drop by 6.2 pct in Q1 of 2020, production reduces by 3 pct
Romania imported, in the first three months of 2020, 629,000 tonnes of oil equivalent (toe) in usable natural gas, by 6.2 pct less (41,700 toe) than the similar period of 2019, according to data centralized by the National Institute for Statistics (INS).
Winners and losers of oil rate drop
The domestic market is following international developments in the oil industry in awe as rates plummet, with projections for the coming weeks remaining uncertain as analysts await June futures to obtain a clearer picture.
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RES account shows deficit
The special account for renewable energy sources, through which green power producers are paid, is showing a 423-million-euro annual drop in revenues.
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ADMIE wants power rate hike
In the next few days the Independent Power Transmission Operator (ADMIE) is expected to submit a demand to the Energy Ministry and the Regulatory Authority for Energy (RAE) for the extraordinary revision of the weighted average cost of capital (WACC) - which will mean power rate hikes for consumers - after realizing that the reduction of corporate tax from 29 to 24 percent will have an impact o
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Lignite phase-out a key aspect of national energy policy, Mitsotakis says
Prime Minister Kyriakos Mitsotakis was on Monday briefed on the National Plan for Energy and Climate by the Energy Ministry's leadership.
Larco to be sold within a year
The future of troubled nickel company Larco depends on the success of the complex undertaking of its privatization, which will start immediately.
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Carbon capture extends life of lignite units
A group of Greek and US experts has sent the Energy Ministry an alternative proposal regarding the operation of Public Power Corporation's efficient lignite-powered units, such as Ptolemaida 5, beyond the termination deadline of 2028 that the National Plan for Energy and the Climate provides for.
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Turkey has no grounds to block EastMed, says spokesman
If the European Union approved the Eastern Mediterranean pipeline, then Turkey has no legal justification to block the development of the project, Greek government spokesman Stelios Petsas said Monday.
Petsas said Athens has been discussing the project for several years and the Energy Ministry has conducted research which shows the pipeline will be viable.
Leaders of miners protesting in underground of Paroseni,Uricani mines invited at Victoria Governmental Palace
A delegation made up of representatives of the miners who are protesting on Sunday, for the seventh consecutive day, in the underground of Paroseni and Uricani coal mines in Jiu Valley is expected on Monday morning at the Victoria Governmental Palace and, afterwards, at the Energy Ministry headquarters, in the attempt to find a solution to the miners' demands.
Bill for PPC’s modernization is presented
The Energy Ministry presented a new bill on the electricity market on Thursday that introduces a series of important shifts, including an end to the ban on dismissals of staff hired at the Public Power Corporation (PPC) from now on.
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