01.27.2016

The oil price dropped to less than $30 last week, something that did not happen even when Lehman Brothers collapsed in the fall of 2008. more

01.26.2016

Romanian natural gas transmission company Transgaz (TGN.RO) on Tuesday said it will use its profit and several loans, which it is currently negotiating with banks, to finance 60% of the construction more

01.19.2016

The European Union has assigned EUR179.3 million for the development of the Romanian section of a natural gas pipeline connecting Bulgaria to Austria, while transiting Romania and Hungary. more

01.11.2016

While the authorities are already working on export routes for the Black Sea natural gas, two in three homes in Romania use propane tanks or wood for heating and cooking. more

11.26.2015

Companies operating in the sector of natural gas distribution and transport will pay compensations unless they respond to complaints and notifications submitted by petitioners, namely, private more

11.12.2015

Cigarettes, mineral water, soft drinks and sandwiches are among the best-selling non-oil products available in gas stations with hundreds of suppliers vying for contracts with the main gas station more

11.09.2015

The fuel market in Romania, a EUR10 billion business dominated by four major companies, OMV Petrom, Rompetrol, Lukoil and MOL, is seeing investments completed or in progress by new names. more

10.30.2015

State-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) concluded a contract of RON86.87 million with natural gas producer Romgaz Medias (SNG.RO), for the acquisition of more

10.15.2015

Energy Minister Andrei Gerea on Thursday said Romania has enough natural gas stocks for the whole winter season and will continue investments in the storage capacity. more

10.14.2015

Russian group Lukoil discovered, in the Romanian sector of the Black Sea, a natural gas field with reserves estimated at over 30 billion cubic meters of gas, which would cover Romania’s gas more

10.08.2015

In 2004-2005 Romania went through its most important wave of privatizations in the energy sector, when it opened one of the most powerful sectors of its economy to foreign investors. more

10.05.2015

Three companies own 56% of all the gas stations in Romania, which makes this market one of the most concentrated in Europe. more

09.17.2015

Romania will cut natural gas prices by up to 10% as of July 1, 2016, due to the international evolution of the tariffs, Niculae Havrilet, head of Romania’s energy regulator ANRE, told Mediafax Talks more

09.10.2015

Romania could stop importing natural gas from Russia as of next year, as it may be able to cover its own consumption needs from domestic output, Niculae Havrilet, head of the country's energy more

09.07.2015

Repower Romania, the local subsidiary of the Swiss integrated energy group Repower, says it wants to remain among the top three private electricity traders in this country but does not rule out more

08.14.2015

The major energy markets, fuel and electricity, showed signs of rebound in the first half after years of decline. Gas consumption, on the other hand, did not, given the hard times the local chemical more

08.04.2015

Lacramioara Diaconu-Pintea has been put in charge of OMV Petrom’s natural gas and energy unit this summer, an about EUR1 billion business that accounts for 20% of the ‘economy’ of the oil and more

07.31.2015

Romania’s state-run gas producer Romgaz Medias (SNG.RO) will start the exploitation of a gas field in Slovakia in the last quarter of 2015, targeting a perimeter of which it holds a 25% stake and more

07.06.2015

Rompetrol, the second leading player on the local oil industry, will be opening 11 gas stations this year and plans to open another 20 new units in 2016. more

07.01.2015

Romania’s energy regulator ANRE on Wednesday approved an increase of nearly 11% in natural gas prices for household consumers, but said prices will no longer be raised by the end of 2015. more

07.01.2015

Gas prices for household consumers and thermal power producers will rise to RON60/MWh from RON53.3/MWh as of July 1 and will continue to rise by RON6 a year in 2016 and 2017, under the deregulation more

06.26.2015

SOCAR Romania, part of Azeri oil group SOCAR, will invest EUR50 million in the next two to three years to expand its gas station network, SOCAR deputy vice-president Vitaliy Baylarbayov told Mediafax more

06.25.2015

The Romanian government will discuss the new gas price liberalization calendar on Tuesday, after Competition Council asked for including data regarding the aid granted to heating producers in the more

06.25.2015

Major US suppliers of oil and natural gas industry equipment and services made more than $850 million revenue in Romania last year. More than 2,000 people, most of them in Ploiesti, work on pumping more

06.19.2015

E.ON Energie Romania SA, one of the largest natural gas distributors in Romania, has signed a RON10.99 million gas storage contract with state-run gas producer Romgaz Medias. more