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Verbund nine-month profit drops by 86%

Austrian utility Verbund registered a decline of 86 percent in group profit for the first three quarters of 2014 to 63.8 million euros ($81.3 million) because of decreasing electricity prices, reduced water supply and impairment losses on its Romanian wind farms.

read more... 29/10/2014

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Romania to become gas self-sufficient by 2020

Romania will have by 2020 a gas production to cover its consumption and its smaller eastern neighbor Moldova, and the nation's gas grid operator will have to invest in its infrastructure to deal with additional resources, as stated by the energy minister on Wednesday.

read more... 02/10/2014

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Romania: Local Enel power activities point of interest for Nuclearelectrica

Romanian state-owned nuclear electricity producer Nuclearelectrica might purchase part of the power distribution assets that Italy's Enel intends to vend, as it said in a statement on Friday.

read more... 22/09/2014

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Gazprom declares to be unable to satisfy increasing gas demand from Europe for the moment

Russia's Gazprom declared on Wednesday it is unable to satisfy increasing gas demand from Europe while it creates stockpiles prior to winter, weakening the ability of Europe to supply Ukraine with gas. Slovakia, Poland, Romania and Austria have all registered insignificant declines in shipments recently from Russia, which is involved in a dispute with the European Union over the crisis in Ukraine.

read more... 18/09/2014

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Romania: gas price deregulation delayed to 2021

The lower house of the Romanian parliament deferred on Wednesday intended deregulation of household gas prices by two and a half years to July 2021 seeking to support customers in the second poorest state of the European Union.

read more... 18/09/2014

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