The head of the International Energy Agency warned Thursday that Europe has only six weeks of jet fuel reserves because of ongoing problems in the aviation industry caused by the crisis in the Middle East.
The Romanian company MS Projects, specializing in oversized transportation and logistics management for industrial projects, has opened an office in Chisinau.
The production of energy from renewable sources is growing in Moldova. However, there are problems of market imbalance.
Taking into account existing and planned projects, the total capacity of nuclear power generation could reach almost 186,000 megawatts. This would put the country well ahead of the United States, which is still ranked number one in the world. This potential shift reflects China’s broader desire for reliable energy amid growing demand for electricity.
The European Commission at the end of the week officially supported the initiative of a number of EU countries to introduce a tax on excess profits for large energy companies. The decision was caused by a sharp jump in energy prices due to geopolitical instability and the conflict in Iran.
The reduction of electricity consumption by only 3% at the national level helped the Moldovan authorities to avoid a major energy crisis.
Iran has not yet restored full-fledged shipping to the Strait of Hormuz because it is unable to detect and disarm all the mines planted in the waters.
The rise in fuel prices is starting to directly affect the tourism industry and transportation in Moldova. This was stated by the Patronage Association of the Tourism Industry (APIT), which appealed to the authorities to reconsider the regulation of the fuel market.
In March this year, more than 620 thousand households received compensation for heat, which is about 1.2 million people – more than half of the population of the Republic of Moldova.
Almost a month and a half after the escalation of the conflict in Iran, which significantly affected the world energy markets, the Moldovan Parliament held perhaps the first substantive discussion on the impact of the global oil crisis and the situation on the domestic fuel market. The Commission for Economy, Budget and Finance heard representatives of the relevant ministries and agencies on stabilizing the fuel market and supporting other sectors of the economy.
