DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/hd523c/intellinews) has announced the addition of the "Intellinews - Romania Energy Sector Report - Sept 2012" report to their offering.
This report offers an extensive summary of the Romanian energy sector, segmented into electricity, thermal, water, gas, oil and renewable energy markets. It includes a complete coverage of the latest developments, trends and corporate news, accompanied by thorough statistics and comments. This sector report is ideal to keep you abreast on recent company and industry news. Written by local professionals, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions.
The sentiment in both oil and gas & power sectors remains upbeat particularly in regard to certain specific niches. The investments in renewable resources continue at high pace; Lukoil started offshore exploration in the Black Sea thus joining OMV Petrom and ExxonMobil; OMV Petrom starts commercial operations at 860MW power plant and a Chinese investor plans to build 500MW coal-fired power plant.
Particularly encouraging is the regulatory reforms: namely the market liberalisation pursued in various sectors as part of the implementation of the EU directives. Romanian President Basescu promulgated on July 9, the new electricity and natural gas bills that aim to gradually liberalise the domestic markets. The new law will address several key issues of the country's electricity and natural gas markets, which recently prompted infringement procedures against Romania. Specifically, for both markets, the segments subject to regulated prices will be gradually narrowed with separate calendars for residential/non-residential customers.
The power and market integration, more immediate in the case of electricity and rather remote for the gas market, are also positive in regard to the investments outlook. A larger power market would allow investors reduce risks and go forward with more generation units. But the plans for joining the Czech-Slovak-Hungarian existing market have not advanced in recent months even if it is technically feasible. Less feasible, but equally necessary, is the formation of a natural gas market. The new gas bill sets grounds for this and the power grid operator OPCOM will likely host the first gas deals. However, supply diversification is a pre-requisite for the emergence of a functioning gas market and this is a pretty remote scenario.
Also, the lack of a broad long-term strategy for the domestic energy sector hinders the development of some large-scale projects. The expansion of Cernavoda nuclear plant remains in limbo, as well as other large-sized projects in the conventional thermal power sector. The excessive support given to the renewable projects contributed to the slowdown in more conventional segments.
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Source: Research and Markets