All conditions will be in place for Romania to become a natural gas hub once production in the Black Sea starts, Chairman of the Chamber of Deputies Committee on the Environment and Ecological Balance Virgil Popescu, a former energy minister, said on Monday."All conditions will be in place for Romania to become a natural gas hub and I am convinced that we will manage to be a natural gas hub once production in the Black Sea starts," Popescu told the Natural Gas Forum 2023 by Financial Intelligence.Regarding the hydrogen projects, Popescu said that Romania is at the beginning in terms of hydrogen production."We had a milestone in the National Recovery and Resilience Plan (PNRR) regarding the production of hydrogen. A call for projects has been resumed - I understand that it is currently being evaluated - in my opinion, hydrogen is the fuel of the future, it is a non-polluting fuel. Obviously, we still have a long way to go to get there, to use hydrogen on a large scale, but hydrogen production facilities have to be developed. In my conversations with Azerbaijan, Georgia, Romania, Bulgaria about that electric power cable - and maybe you're wondering about this transition to electric energy, to this bridge between the Caspian Sea and the Black Sea - we are talking about renewable energy, and the discussions were about producing hydrogen from this green energy and trying - after a feasibility study - to see what is more cost-effective: to bring renewable energy to Romania through that cable, to produce hydrogen here or to produce hydrogen, for example, in Georgia and transport that hydrogen across the Black Sea. As you can see, we are preparing in all ways, so that Romania may become an important node in European hydrogen production. I believe in hydrogen and I am convinced that Romania will manage to become an important node of hydrogen production and hydrogen transport in Europe," said Popescu.OMV Petrom and Romgaz announced this summer that they will invest up to EUR 4 billion in the development stage of the Neptun Deep project, which will generate a production of about 100 billion cubic metres of natural gas. OMV Petrom is the operator, with each of the companies holding a 50% stake in the project. The first production is estimated in 2027. The peak production is put at 8 billion cubic metres annually (about 140,000 boe/day), for about 10 years.
Genesis Property, one of the leading office building owners in Romania, announced the appointment of Flavia Schoech as Chief Operating Officer (COO). In the new position, she will lead the development and alignment of the company’s operational strategy, “focusing on accelerating business growth objectives, efficiency, and the integration of ESG principles,” the developer said. Flavia […]
Soprano Adela Zaharia has made her debut at the Metropolitan Opera in New York as Musetta in Puccini’s La Bohème. She appeared in the performance on January 11, and will perform again on January 15, 18, 22, and 25.
The Ford plant in Craiova, southern Romania, recorded a production volume of over 250,000 units in 2024, thanks to its most popular models, namely the Puma and the two Courier versions. The plant, owned by Ford Otosan, produced 20,441 vehicles in December, marking a 60% increase compared to the previous year, although it did not […]
Dino Parc Râșnov, the open-air museum in central Romania and the largest dinosaur park in southeastern Europe, has received the “Tripadvisor Travelers Choice” award for the second year in a row. Visitors to the almost 4-hectare park can experience a world of life-sized dinosaurs, with over 125 species, and participate in a variety of activities, […]
Żabka Group, the European ultimate convenience ecosystem, has launched its expansion into the Romanian market with the new froo brand. Exorigo-Upos, with whom the company has worked for many years on the Polish market, was chosen as the implementation partner. The froo stores are modeled on their Polish counterparts. The execution of orders of this […]
Wolt, a Helsinki-based technology company with operations in 28 countries, has completed the acquisition of delivery platform Tazz from eMAG. The deal marks Wolt’s entry into the Romanian market. Tazz’s current offerings, including restaurant, grocery, and retail selections, will continue as usual, as will Tazz’s participation in the eMAG Genius subscription program, the company announced. […]
