Romania

Austrian oil and gas market leader OMV said on Wednesday that gas materials from Russia's. Gazprom could be suspended in connection with a. foreign court ruling, without recognizing the case or. counterparties. Austria is now the European Union country that relies the. most on Russian gas, with lots of others having stopped purchases. considering that the energy crisis in 2022. Here are facts about Austria as a remaining gateway for. Russian gas into Europe. RUSSIAN GAS PATHS Land-locked Austria gets most of its gas from Russia. although it is trying to shift away after decades of reliance. A. German DIW...

Russia and Ukraine worked out for 2 months with Turkey on a deal to guarantee the security of shipping in the Black Sea and reached arrangement on a. text that was to be revealed by Ankara but Kyiv all of a sudden pulled. out, 4 individuals knowledgeable about the matter told . The settlements were mediated by Turkey after pushing by. the United Nations, according to the sources who spoke to. on condition of anonymity due to the level of sensitivity of such. talks. A deal was reached in March to guarantee the security of. merchant shipping in the Black...

Iveco Group, a bus and truck manufacturer in Italy, said it would focus on developing new, deeper partnerships to drive future growth. The company unveiled its new five-year plan on Thursday that aims for a 20% increase in revenue by the year 2028. It said that the group, which is controlled by Exor, a family investment company, will invest 6 billion euros between now and 2028. The focus of this investment will be on the energy transition, software defined vehicles and artificial intelligence, as well as autonomous driving. On Thursday, it announced a preliminary agreement with Ford Trucks (the heavy...

Romania's government on Thursday reduced the price levels in its energy support scheme for homes, small companies and industry that partly controls its power and gas markets until March 2025. The government presented a centralised energy acquisition system in late 2022, to ensure it has enough supply, making power and gas manufacturers sell a part of their offered output at controlled costs from January 2023. Those prices, which are ceilings, were decreased on Thursday to 400 lei ($ 86.93) per megawatt hour for electrical power, from 450 lei formerly, and to 120 lei ($ 26.08) per megawatt hour for gas...

Bucharestbased energy group Premier Energy aims to enhance its renewable energy portfolio by 50% to 1.5 GW over the next twotothree years, while continuing to buy neighbouring Moldova, its chief executives stated. The business, owned by Czech financial investment holding Emma Capital, has 1,000 MW of green jobs under ownership, management or in advancement in Romania, uniformly split between wind and solar and across the nation. It built 10 MW of solar power in Moldova in 2015 and is seeking to include another 20 MW in 2024. The company, which materials and distributes energy, is the 3rd biggest gas supplier...

The following quotes, mergers, acquisitions and disposals were reported by 1930 GMT on Friday: ** Sapiens International, an Israel-headquartered insurance coverage software firm with a market price of almost $2. billion, is exploring choices that consist of a potential sale,. according to people familiar with the matter. ** A consortium consisting of monetary corporation. Macquarie is buying a part of Digi Interaction NV's. fiber networks in Spain for up to 750 million euros. ($ 809.63 million), the Bucharest-based operator said. ** Allianz agreed to offer Firefighter's Fund, its. U.S. insurance coverage system for mid-sized corporations and home entertainment. industry customers,...

The European Union has opened 2 investigations into whether two Chinese bidders benefited excessively from aids in their offers in a public tender for a solar power park in Romania, the European Commision said on Wednesday. The first investigated consortium is composed of Romania's. ENEVO Group and a subsidiary of LONGi Green Energy Innovation Co . The 2nd involves subsidiaries of Chinese. state-owned Shanghai Electric Group Co. . According to an EU authorities, the overall contract deserved. about 375 million euros ($ 404 million). ENEVO and LONGi did not instantly react to ask for. remark, while Shanghai Electric might not...

Ukraine prepares to double electrical power imports on Thursday after a powerful Russian attack on Ukraine's energy system, the energy ministry said. The imports are anticipated to increase to 16,699 megawatt hours ( Mwh) versus 7,600 Mwh on Wednesday, the ministry said on the Telegram messaging app. The prepared imports are close to the record high of 18,649 Mwh, which was tape-recorded at the end of March after the very first wave of Russian attacks on the Ukrainian energy sector. The state-run energy company Ukrhydroenergo said on Thursday that its two hydropower plants were badly damaged earlier this week and...

Ukraine prepares record electrical power imports from five European countries on Monday after reporting considerable energy infrastructure damage from Russian strikes, the energy ministry stated. Imports are expected to rise to 19,484 megawatt hours (Mwh),. beating the record of 18,649 Mwh at the end of March after the. Wave of Russian attacks on Ukraine's energy sector. The power system has been experiencing a substantial. electrical power shortage for most of the day, national power grid. operator Ukrenergo said on the Telegram messaging app. The factor for this is massive damage to Ukrainian. power plants, which means they can not produce...

Ukraine might deal with a boost in electricity lacks this summertime triggered by current Russian attacks on power stations in the middle of increasing usage and a repair campaign at nuclear reactor, the head of the country's grid operator said on Friday. Considering that late March, the Ukrainian energy sector has actually been the target of massive Russian rocket and drone attacks, triggering blackouts in lots of areas and raising the problem of decentralisation of producing capacity. We will certainly deal with obstacles in the summer season and these obstacles will be mainly related to capability scarcities due to damage...