Slovenia: Westinghouse and Hyundai...

US-based nuclear energy company Westinghouse, in collaboration with South Korea’s Hyundai Engineering &...

Romania seeks extension on...

Romanian Energy Minister Sebastian Burduja announced that the Ministry will formally submit a...

Greek electricity market shifts:...

Data from Greece's regulatory authority for energy (RAAEY) reveals that the market rankings...

Greece: Government approves 300...

The Greek Government has granted environmental approval for a 300 MW solar project...
Supported byClarion Energy banner
HomeSEE Energy NewsRomanian Energy Regulator...

Romanian Energy Regulator grants SOCAR trading gas & power wholesale operations approval

In late December 2024, the Romanian Energy Regulatory Authority (ANRE) granted approval for SOCAR Trading Gas & Power, a subsidiary of Azerbaijan’s State Oil Company (SOCAR), to engage in wholesale natural gas operations within Romania. This approval follows a previous agreement between SOCAR and Romanian state-owned gas company Romgaz, which ran from April 1, 2022, to March 31, 2024. Under the terms of this deal, Romgaz had the option to purchase up to 1 billion cubic meters of natural gas from SOCAR but ultimately did not exercise this option.

In addition to their natural gas dealings, SOCAR and Romgaz worked together on a feasibility study to explore the construction of a liquefaction plant in the Caspian Sea and a regasification terminal along Romania’s Black Sea coast. SOCAR has maintained a presence in Romania since 2011, primarily in the retail fuel distribution sector. Through its subsidiary, Socar Petroleum Romania, the company operates 79 petrol stations and four fuel depots, achieving a turnover of 540 million euros in 2023.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Slovenia: Westinghouse and Hyundai to conduct feasibility study for Krško nuclear power plant expansion

US-based nuclear energy company Westinghouse, in collaboration with South Korea’s Hyundai Engineering & Construction, will conduct a technical feasibility study for the planned second unit at Slovenia’s Krško nuclear power plant. The study will explore the potential installation of...

Romania seeks extension on coal plant shutdowns, calls for balanced energy transition

Romanian Energy Minister Sebastian Burduja announced that the Ministry will formally submit a proposal to the Ministry of Investments and European Projects to request an extension of the deadlines for shutting down coal-fired power plants, along with a detailed...

Greek electricity market shifts: Protergia and Zenith gain market share, PPC sees decline

Data from Greece's regulatory authority for energy (RAAEY) reveals that the market rankings among independent electricity suppliers in the country shifted between September and November of last year. Public Power Corporation (PPC), the state-owned dominant player, saw a slight decline...
Supported bySEE Mining News
error: Content is protected !!