Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Utility companies: Not having strategy regarding biomethane is...

Utility companies: Not having strategy regarding biomethane is lack of vision

August 21, 2024

Romania should move in terms of green gas production, because it has potential, but currently there is no strategy regarding biomethane, according to the representatives of the Federation of Associations of Energy Utility Companies."We have 60,000 km of gas distribution network and potentially new production capacities, plus biomethane production potential, which is an easy decarbonization tool, using the existing infrastructure, without the separate investments, i.e. infrastructure investments. We should be unskilled, in the happiest way to say it, so that we don't exploit this matter. Not having any strategy as a country that still wants to be the biggest gas producer in the EU and not having a strategy how to maximize your infrastructure benefits, I think it is a great example of a lack of vision", said Daniela Daraban, the executive director of the Federation of Energy Utility Companies Associations (ACUE), at a meeting with the press on Monday.According to the data presented by the gas sector operators, based on the estimates of the European Biogas Association and the European Commission, Romania should rank 6th compared to the EU-27 in terms of biomethane production potential until 2030 (2 billion cubic meters - bcm - annually) and in 7th place compared to EU-27 until 2050 (8 bcm/year).Although there is discussion about giving up methane gas until 2050, for now it is considered a transition fuel, and Romania can be considered privileged from this point of view, because it will have the Neptun Deep project. However, there is potential for replacement with renewable resources, such as biomethane and green hydrogen, and Romania should move from this point of view, say ACUE representatives.As far as green hydrogen is concerned, things have stagnated, including at the EU level, as there are still gaps in regulation and commercial aspects, they emphasize.The Romanian Energy Strategy Project 2025 - 2035, with the 2050 outlook, emphasizes that, given that biomethane and natural well gas have the same chemical composition, biomethane can be used in the existing networks and facilities, without the need for specific adaptation theirs.

Read in full - click here
Communication agency Graffiti Plus signs funding contract for listing on Bucharest Stock Exchange's AeRO market

Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]

US Embassy in Romania funds restoration of wooden church in Maramureș

The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]

Bucharest Stock Exchange introduces Corporate Governance Committee to implement new code

The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...

Bucharest’s District 4 starts work on M4 subway line extension worth EUR 3.5 bln

Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations.  The extension will have 14 […]

Food Angels Hub: Investors’ network launches in support of HoReCa, food industry businesses in Romania

Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]

IULIUS obtains EUR 305 million syndicated loan to remodel Palas Iași complex

Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]