Romania can become a “Blue hydrogen valley”in EU, as it has gas resources, carbon storage capacities and varied industry which can use this resource, said Ionut Ciubotaru, vicepresident for business development, OMV Petrom, at a conference on Tuesday. “At present we are the second gas producers in EU after the Netherlands and we have a big opportunity to become the first largest natural gas producer in EU, if we access gas resources in the Black Sea, with all advantages this investment can bring along in point of jobs, state budget incomes and Romania's independence from imports. If we do not have these resources, Price Waterhouse Coopers foresees that 50% of the necessary has consumption will come from import in 2030,” Ciubotaru said at the conference “Hydrogen Project- first steps in Romania,” organized by Energynomics.ro. Moreover, Romania can store carbon dioxide in empty crude and gas reservoirs. “Obviously, tests must be done and the law adjusted, but there is this possibility, we should take it into account and have in view that we may become one of the largest carbon dioxide stock owners in EU,” the OMV Petrom official continued. At the same time, Romania has a varied industry where hydrogen can be used. “Romania has a very good industrial diversity, which leads us to the idea that maybe we will have local hydrogen consumers in the future. I am mentioning all these three arguments for a concept we are trying to promote, that Romania can become a “Blue hydrogen valley in EU,” Ciubotaru added. In his turn, Ioan Iordache, the CEO of the Association for Hydrogen Energy, said that hydrogen can be stored in salt mines on a long run. “We are talking about storing hydrogen in underground salt caves. Storing on a long run, in large quantities. In Romania we have this potential and we are among the first to have studied and written about it,”Iordache showed at the same conference.
Romanian prime minister Ilie Bolojan, on November 19, in an interview given to ProTV and quoted by Hotnews.ro, explained that the pension-wage cumulation ban will apply only to the so-called special pensions, namely those not based on past contributions, as opposed to all pensions as implied by Social Democrat (PSD) labour...
Statements by Romanian prime minister Ilie Bolojan about cutting by 10% the total personnel budget for all ministers and other similar contracting units, as opposed to only the central administration of the respective bodies, prompted on November 19 a radical reaction from the Social Democratic Party (PSD) and trade unions in the public sector. No […]
Romania’s Ministry of Labour unveiled for public consultations the revised law on magistrates’ pensions, and the government, in a press release, expressed its hope that the approval process, including by the Superior Council of Magistracy (CSM), will proceed expeditiously. However, CSM vice president Claudu Sandu has already publicly rejected the law as insufficient. The bill is […]
PPC, the largest power supplier in Greece, also active in Romania with distribution, production, and supply operations after it took over Enel's operations in the country, announced at the Capital Markets Day event investment plans worth EUR 3 billion over the next three years in Romania, according to Economica.net....
The Romanian authorities will prepare framework legislation aimed at smoothing the sale of Lukoil's assets, including Petrotel refinery, according to Digi24, citing sources familiar with the negotiations. Initially, minister of energy Bogdan Ivan said Romania must take...
Romgaz will not make investments in carbon capture (CCS) capacities until the projects are technically, economically, and commercially feasible, said Gabriela Trâmbițaș, the state-owned company's financial director, during the conference call with analysts following the publication of the third-quarter financial results, according to
