News about Energy
US President Donald Trump is seriously considering making Venezuela the 51st state.
Moldova expects to attract Polish investments in seven strategic sectors of the economy: from IT and agriculture to energy and automobile industry.
After weeks of Russian Urals crude benefiting from a global supply shortage, the market has suddenly changed direction. The Urals discount to benchmark Brent crude increased for the first time since the start of the war in Iran.
US President Donald Trump has rejected Iran’s response to the American plan to end the war. Trump’s quick response led to a sharp rise in oil prices.
The deadline for the completion of installation works is the last week of May, while the line’s commissioning and testing phases should be completed during June. This is reported by the Energy Ministry, referring to the visit of Energy Minister Dorin Jungietu to the Vulcanesti power plant.
At the beginning of April, the National Center for Sustainable Energy (CNED) reported that the installed capacity of all renewable energy production (RES) installations exceeded 1 GW. At the same time, another tender was announced for large renewable energy producers. At the same time, Moldova is not developing projects to create balancing power plants using traditional fuels, which hinders the involvement of renewable energy in the country’s energy system.
Parliament appointed Daniel Mititela as a member of the Board of Directors of the National Energy Regulatory Agency (ANRE) for a six-year term. The candidacy was supported by 52 MPs of the majority faction of PAS. The official decision was made on May 7, the mandate will take effect on May 11, 2026.
Turkey will play a key role in gas supplies to Central and Eastern Europe and the Balkans this summer, strengthening its position as a regional logistics center. The country is increasingly importing gas and LNG amid ambitions to become a gas hub. And it seems to be succeeding against the backdrop of anti-Russian sanctions and the energy crisis.
In recent years, Moldova’s energy sector has undergone several stress tests, which revealed several significant vulnerabilities. Logos Press spoke to Energy Minister Dorin Junghietu about the actions being taken to improve the country’s energy security.
The IMF urged members of the euro bloc to make sure that measures taken against the backdrop of the war in Iran to subsidize the population would not do “more harm than good.”
In April, state-owned Energocom purchased electricity at an average price significantly lower than in March, recording a decrease of almost 20 euros per MWh.
US startup Panthalassa, which is developing autonomous floating data centers powered by wave energy, has raised $140 million at a valuation of about $1 billion.
Some reforms included in Moldova’s Economic Growth Plan are being implemented late, but the authorities claim that they will be caught up, and the 1.9 billion euro tranches of European financing, albeit late, will still be received.
Chinese scientists have proposed an alternative way of generating energy from coal – without burning it. A research team from Shenzhen University is working on the technology of the so-called direct coal fuel cell, which allows converting coal energy into electricity through electrochemical processes.
Moldovan Energy Minister Dorin Junghietu held bilateral meetings in Brussels with European Commission Director General for Neighborhood and Enlargement Negotiations Geert Jan Koopman, as well as with United States Ambassador to the EU Andrew Puzder. Discussions focused on opportunities for cooperation to strengthen regional energy security, promote sectoral reforms, investment and integration into the European energy market.
The National Energy Regulatory Agency (ANRE) has set new maximum fuel prices that will be in effect tomorrow, May 6.
Tensions in the Gulf region and volatility in energy markets may lead to a further downward revision of the GDP forecast. According to Eugeniu Osmokescu, Deputy Prime Minister and Minister of Economic Development and Digitalization, the recent downward revision of the economic growth forecast from 3.3% to 2.2% for this year is not the last.
The registration for the EU-Moldova Investment Conference dedicated to attracting investments and strengthening the economic partnership with the European Union has started. The conference will take place on June 4 in Chisinau.
The Ministry of Energy initiated the process of granting the status of a strategic object of national interest for the country’s energy security to the construction of the 400 kV Straseni-Gutinas transmission line, as well as the modernization of the 330 kV power plant in Straseni.
The Kitik family from the village of Calmățui, district Hincesti, raising 9 children, was able to significantly reduce the consumption of firewood for heating and maintain a stable temperature in their house thanks to energy efficiency works carried out within the framework of the state program “Fund for Energy Efficiency in the Residential Sector of Moldova” (FEERM), administered by the National Center for Sustainable Energy (CNED).
