Valeriu Binig (EY) anticipates rapid spread of decentralized renewable energy generation in Romania

A surge in gas and renewables deals in the third quarter of 2018 saw global power and utilities year-to-date deal value rise to a record US$241.8b, according to the EY Power transactions and trends: Q3 2018 (PTT). Despite ongoing regulatory uncertainty and geopolitical tension, the latest EY Global Capital Confidence Barometer (CCB) also indicates that 57% of global sector executives expect to pursue a deal in the next year, writes EY. For our country, Valeriu Binig, Senior Advisor, EY Romania, anticipates “a rapid spread of decentralized solutions that use renewable energy sources, combined with storage solutions, in parallel with the intensification of transactional activity in the field of renewable production capacities” .

Source: Energynomics, Economica, FinancialIntelligence

ROPEPCA: Changes proposed to the onshore charging regime hit the industry but also the prices on the Romanian market

The changes proposed to the onshore taxation regime recently analyzed by the Parliament will equally affect the Romanian natural gas extraction and processing industry and the energy consumers’ pockets, the representatives of the Romanian Society of Exploration and Production Petroleum Association (ROPEPCA) said in a press release reminded AGERPRES on Sunday.

Source: Agerpres, Hotnews, Profit, Energynomics, Bursa, Digi 24, FinancialIntelligence

Lawmakers hit strongly in Romgaz and Petrom affairs and force gas prices for Romanian consumers

If adopted by Parliament, the proposals to amend Order 25/2017 adopted last week by the Chamber of Deputies’ Industry Committee will lead to a significant increase in the amounts to be transferred to the state for each cubic meter of gas placed on the market. The increase in taxation is determined both by the increase of the tax base by linking to the reference price in Vienna and by limiting the tax deductible expenses of the two gas producers.

Source: Economica

Fondul Proprietatea attacked in court new intragroup contracts of Engie Romania, before the AGA, which rejected its proposal for listing of the company

The majority shareholder of Engie Romania, one of the two largest distributors (through Distrigaz Sud Networks) and natural gas suppliers in the country, rejected in the AGM on 28 November the proposal of Fondul Proprietatea, listing the company’s stock by public offering of the stake of 12% of FP’s share capital at Engie Romania, but at the beginning of the month, according to the data analyzed by Profit.ro, the Fund initiated a new court action against the company.

Source: Profit