As part of its EU commitment to promote decarbonisation and the development of low-carbon energy sources with a focus on renewable energy, Romania passed a legislative package containing a two-way Contracts for Difference (CfD) support mechanism, leading to the announcement… Read moreRomania enacts CfD support scheme with first auction launched
On May 31, Romania sent the European Commission the National Recovery and Resilience Plan (NRRP) for approval, a proposal that includes all seven EU policy flagship areas and sets out the reforms and public investment projects that Romania intends to implement with the support… Read moreRomania allocates EUR 1.6 bn to green energy under the EU Recovery and Resilience Plan
The Romanian government has amended Electricity and Gas Law 123/2012 through an emergency ordinance published in the Romanian Official Gazette on 1 July 2020. As a result of the ordinance, the main changes in the natural gas sector include a gas-release… Read moreRomania amends electricity-gas law
Early this January, the government has decided to void some measures adopted almost a year ago regarding the energy market (please see our Law-Now article on this topic). Government Emergency Ordinance 1/2020 (GEO) provides for amendments applicable to previous fiscal-budgetary measures targeting… Read moreRomania takes first steps towards energy market liberalisation
On 1 August 2019, the Romanian Commodity Exchange (“RCE”) announced the conclusion of the first transaction on its new trading platform – “Gas Forward CCP”. Gas Forward CCP is available formedium-term contracts (contracts with a week or month duration). The… Read moreFirst contract concluded on the Romanian Commodities Exchange Gas Forward CCP platform
On 19 August 2019, the National Agency for Mineral Resources (“NAMR”) published Order no. 294/6.08.2019 in the Romanian Official Gazette. The order approves the list concession areas forexploration activities and opens bidding round 99/2019 in the mining sector. The list… Read moreRomania: bid round for mining exploration: geothermal, mineral water and other resources
After a lapse of almost ten years, the Romanian government just launched a public tender for the exploration, development and production operations of 22 onshore and six offshore blocks within Romania’s territorial waters of the Black Sea. The blocks vary… Read moreRomanian oil and gas – new licensing round for upstream onshore and offshore
Following the controversial measures in the energy sector in the wake of Government Emergency Ordinance 114/2018 (“GEO 114”), the Government has recently decided to further reform the sector with the aim of strengthen the security of supply for the household… Read moreUpdates in the Romanian Oil & Gas and Power Sectors
The Romanian energy sector continues to search for stability and predictability due to the passing of Government Emergency Ordinance 114/2018 (“GEO 114”), which introduces several tax and regulatory measures for various major industries – including the energy sector. The main… Read moreFurther changes in the Romanian energy sector
