The current challenge is to find ways to increase the use of electricity, and for Romania, the national project should be electrification, said Corneliu Bodea, president of the Romanian Energy Center (CRE) and CEO of Adrem, at the Eurelectric Power Summit, which took place in Helsinki on June 3-4. Focus Energetic was the media partner […]
The European Commission has adopted new EU rules making it easier for consumers to change supplier and secure better energy offers. This Implementing Regulation – secondary legislation linked to the Electricity Directive (EU/2019/944) – will help ensure that Europe’s energy market works better for consumers by supporting affordable energy and strengthening the ability of consumers to […]
Saudi-backed energy company Midad Energy has signed a preliminary term sheet to buy Russia’s sanctioned assets held by Lukoil, in a bid against global rivals including US private equity giant Carlyle Group, with the deal subject to approval from US regulators, three people familiar with the matter told Reuters. The move highlights the Russian energy […]
In 2024, the EU economy’s greenhouse gas emissions by economic activities and households totalled 3.3 billion tonnes of CO2 equivalents. This represents a 1% decrease compared with 2023 and a 20% reduction compared with 2013. Between 2013 and 2024, the energy sector (supply of electricity, gas, steam and air conditioning) achieved the sharpest rate of […]
The Neptun Deep project in the Black Sea, which is set to become the largest gas production project in the European Union, has attracted new buyers, operator OMV Petrom SA said. The company, which aims to deliver the first gas from the Neptun Deep project in 2027, has recently concluded “several” agreements and also signed […]
The Minister of Energy, Bogdan Ivan, has developed a set of ideas, which would take the form of a memorandum to be passed by the Government, with the aim of reducing electricity bills. Here are the measures envisaged, according to the document we have seen, with the mention that this is not the final form […]
Econergy, one of the leading renewable investors in Romania, announces that its 87 MW photovoltaic project in Oradea, Romania, has been successfully connected to the national grid and has commenced commercial operation. The Oradea project, indirectly owned by Econergy International Limited (UK), represents Econergy’s fourth operational photovoltaic project in Romania, bringing the company’s connected and […]
Rompetrol Rafinare recorded significant operational growth and improved financial indicators in the first half of 2025, driven by increased volumes of processed raw materials as well as petroleum products sold both domestically and internationally. The company continued to play an important role in ensuring fuel supply stability on the domestic market and in the Black […]
Serbia and Romania plan to sign a memorandum of understanding (MoU) on the construction of the Iron Gates (Djerdap) 3 reversible hydroelectric power plant on the Danube River as soon as possible, Serbian Energy Minister Dubravka Djedovic Handanovic said on Monday, adding that the document is currently being finalized, according to SeeNews. “The construction of […]
Hungarian Foreign Minister Péter Szijjártó has announced an agreement with “Serbian and Russian colleagues” to build a new oil pipeline between Serbia and Hungary, aimed at boosting imports of Russian crude oil – just as the EU is pushing to finally exclude the Kremlin from its energy market, according to Euractiv. Szijjártó blamed the EU’s […]
Final electricity consumption increased by 1.3%, but production fell by 10% in the first five months of the year, according to data from the National Institute of Statistics (INS). Energy imports increased by 67%. Electricity production in the first five months of the year was 10% lower than in the same period in 2024, recording […]
Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources familiar with the plans told Reuters. The plan to sell the plants is part of a broader divestment of assets that could raise tens of billions of dollars. The potential sale of four or five gas-fired power plants that […]
Russia’s oil and gas export revenues fell 33.7% year-on-year in June to 494.8 billion rubles ($6.29 billion), the Finance Ministry said, as oil prices fell and the ruble appreciated, Reuters reported. These revenues are the Kremlin’s most important source of cash, accounting for about a third of total federal budget revenue over the past decade. […]
The International Atomic Energy Agency (IAEA) and the World Bank have signed a collaboration agreement to promote the use of nuclear energy in developing countries with financial support, as well as technical support in security matters, reports the EFE agency. The memorandum of understanding, signed Thursday in Paris by the IAEA director, Rafael Grossi, and […]
