Tag: DEPOGAZ

  • Energy production in Romania

    Energy production in Romania

    The Government in Bucharest wants to quickly boost its electricity
    output, and coal seems to be a solution to curb Romania’s dependency on Russian
    energy imports. As a result, the Cabinet decided to restart the production
    capacities of the Oltenia Energy Complex in the south. Another turbine expected
    to produce 300 MW is expected to be rendered operational over the next period.
    Moreover, by finalizing an investment project at the Iernut Power Plant in
    central Romania, another 210 MW are expected to be produced by the end of the
    year. Prime Minister Nicolae Ciucă said efforts are being made to achieve an important
    target, namely securing energy independence, all the more so as Romania has the
    resources to do it.

    The ruling coalition has had talks in recent days, at the
    level of the Energy Ministry, but also with managers of energy companies,
    including with representatives of American companies willing to develop modular
    nuclear energy facilities. Liberal leader, Florin Cîţu, in turn said Romania already has alternatives to
    fuel imports from Russia in order to produce energy, and one of these resources
    is coal. In thix context, Florin Cîţu recalled that 600
    people will be hired back in the mining sector, in order to increase the output
    capacity of this sector. On the other hand, the DEPOGAZ company has launched a
    public auction two projects for increasing its capacity to store, extra and
    inject natural gas. At the same time, the Government plans on reintroducing the
    minimum reserve amidst tensions sparked on the market by the Russian invasion
    of Ukraine.

    The two projects at DEPOGAZ will boost the storage capacity by 450
    million cubic meters per day. Director Vasile Cârstea says aggregate storage
    and onshore production could secure deliveries of over 60 million cubic meters
    per day, which would be tantamount to the amount of Russian gas imported. In
    this context, Liberal leader, Florin Cîțu announced that the offshore bill, set
    to greenlight the exploration of gas deposits in the Black Sea, is nearly ready
    and will be voted as a top priority. The Liberal leader also said there are
    companies that will be extracting gas shortly after the bill is passed. Romania
    has enough fuel reserves, and there is no reason for fuel prices to increase
    overnight, the authorities say, after on Wednesday night people queued up to
    refuel. Energy Minister, Virgil Popescu, said this is the result of fake news
    spread on social media. (VP)