A new company focused on the development of biogas plants across Romania, BSOG Energy SRL, has been set up by Black Sea Oil & Gas S.A. (BSOG), together with its shareholders, global investment firm Carlyle and the European Bank for Reconstruction and Development (EBRD), BSOG said in a press release sent on Wednesday.The newly-established BSOG Energy SRL, headquartered in Bucharest, will develop biogas plants nationwide, with each site estimated to have a capacity of at least 15 MW."Biogas plays an important role in the energy transition, eliminating the significant impact of pollution caused by the disposal of organic waste on land and landfills, while at the same time ensuring substantial reductions in greenhouse gas emissions by transforming naturally occurring methane into a usable, domestically produced fuel. Romania has significant potential in the biogas industry, but little development in the field so far. By combining expertise in feedstock, design, procurement and access to green credits and combining this with BSOG's expertise to implement projects in Romania, we believe BSOG Energy is uniquely positioned to create a strong and broad-scale biogas delivery platform in the region. A strong biogas industry in Romania has the potential to increase local zero-carbon gas production, turning agricultural waste into new sources of income for the agricultural sector, as well as helping to create new jobs," said Mark Beacom, CEO of BSOG and Managing Director of BSOG Energy.Basically, biogas results from the industrial processing through anaerobic digestion of agricultural residues and other organic waste such as manure, straw and food waste.Black Sea Oil & Gas S.A, owned by Carlyle and EBRD, is an independent energy company based in Romania, which, as the Holder (70%) and Operator, has put into production the Midia Natural Gas Development (MGD) project, the first of its kind, to develop natural gas from the Romanian Black Sea continental shelf built in the last 30 years.
Romania’s modern retail market has surpassed 5 million square metres of leasable space for the first time, following the delivery of roughly 190,000 sqm in 2025, according to new data released by Colliers. Despite the milestone, consultants noted that Romania still trails regional peers in retail space per capita, signalling strong potential for further development. […]
Environment minister Diana Buzoianu said during an interview on Thursday, December 4, that she will not resign following the interruption of the drinking water supply in several localities in Prahova and Dâmboviţa counties, which has been affecting over 100,000 people, as well as hospitals and schools. She argued that the ministry she heads bears no […]
Romanians are preparing to spend more this Christmas compared with last year, according to a new Raiffeisen Bank study conducted in partnership with research platform Appinio. The survey showed that 65% of respondents expect higher holiday expenses in 2025, while 26% anticipate spending similar amounts to 2024. Half of those surveyed allocate between 25% and […]
Romania’s Electric Castle was named ‘International Festival of the Year’ at the 20th edition of the UK Festival Awards. The Romanian event triumphed over major international contenders, including Afro Nation (Portugal), Beyond The Valley (Australia), Open’er Festival (Poland), Sziget Festival (Hungary), and Way Out West (Sweden),
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency. The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By […]
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating. The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation […]
