The Ministry of Economy and Commerce acted in few major directions:

1

• The Ministry of Economy and Commerce acted in few
  major directions
• the adoption of Acquis Communitair
• the restructuring of the power sector
• redressing the energy supply away from fossil
  fuels towards cleaner alternative fuels
• Reducing the impact of the energy production
  and use on the enviroment
• and finaly taking advantage from the
  international dimension of energy and
  enviromental policies close coordination in
  Energy Policy at SEE level and finalty EU
  level

2

• In this respect, the commitments assumed by
  Romania in romanian Raced Map for the energy
  field and also our long term energy strategy,
  refer to
• accomplishing a stable and transparent
  legislative framework
• continuing of the restructuration process and
  the privatisation of distribution and production
  companies
• increasing of the market opening degree , in
  order to increase competition in the energy
  sector
• promoting renewable and keeping the nuclear
  option open
• improving energy effincency, developing cleaner
  fuels and supporting new technologies
• developing a dialogue with both consumer and
  rations and strenght the coordination in Energy
  Policy at SEE level and with its neighnurs

3

• Infiintarea, in cadrul institutional, a unor
  autoritati de reglementare, specilaizate,
  competente si autonome.
• Rezultatul acetui proces a fost reprezentat de
  constituirea A.N.RE., A.N.R.G.N., A.N.R.M.,
  A.N.R.S. , F.R.E.E., O.E., si a A.R.C.E.
• Fiecare din aceste autoritati este responsabila
  de elaborarea regelementarilor secundare necesare
  functionarii pietelor de electricitate, gaze
  naturale, gestionarea resurselor minerale,
  constituirea rezervelor de combustibil,
  promovarea eficientei energetice si valorificarea
  resurselor energetice regenerabile.

4

• Astfel in aceasta perioada au fost promovate
  Legea enel, Legea gazelor naturale, Legea
  petrolului si este in curs de aprobare Legea
  energiei termice.
• De asemeni a fost elaborat un pachet impresionant
  de acte normative ca legislatie secundara

5
(No Transcript)
6
(No Transcript)
7
(No Transcript)
8

• DESCRIPTION OF THE PROJECT REGARDING THE BUILDING
  OF THE NEW TRANSIT CORRIDOR
• NABUCCO PROJECT
• The projects objective consists in building up a
  gas transit pipeline which shall over-cross the
  territories of Turkey, Bulgaria, Romania, Hungary
  and Austria, thus ensuring a new supply source
  (Caspian Sea area and Central Asia) for the
  European natural gas markets.
• In order to draw up the projects Feasibility
  Study the companies Botas, Bulgargaz, Transgaz,
  MOL and OMV, based on a Cooperation Agreement,
  forwarded an application for financial support
  from the European Union.

9

• The interconnection between the Romanian natural
  gas transmission system and the similar systems
  of Bulgaria and Hungary represents a first stage
  within the project.
• Transgaz and the Hungarian company MOL agreed on
  building the interconnection between the Romanian
  and the Hungarian systems , by erecting during
  2003 2004 the Szeged Arad pipeline
• - design capacity 1.5 2 billion cm / year
• - nominal diameter 700 mm
• - Length 105 km, out of which 60 km on
  Romanian territory and 45 on
• Hungarian territory.

- Estimated cost for the investment on Romanian
territory 18.3 mil. Euro - Commissioning
deadline September 2004
10
Constanta Pancevo Omisalj Trieste A
complementary route of transport for the Caspian
crude to Europe and world energy markets
Caspian Crude Oil

• high quality
• high processing yields
• processing cost efficiency

Advantages
Difficulties

• Transfer from the production area to the consumer
  markets (refineries)
• limited capacity of the available transportation
  routes (Turkish Straits)

11

• The Project proposes
• a variant that avoids the Turkish Straits, being
  a viable alternative for the crude oil transit to
  the Mediterranean Sea
• diversifying the supply possibilities for Europe.

12
It represents a complementary supply route for
the European markets along with BTC pipeline, the
DRUZBHA system and the North Sea supply system
13
It represents the shortest route from the Caspian
Region to the European markets, including Germany
and Austria - connection in Trieste
14
Electricity
Centrala Hidroelectrica de Acumulare prin Pompaj
Tarnita Lapustesti are prevazute 4 grupuri de
250 MW. Costul proiectului este de 750 mil.EUR,
conform studiului de fezabilitate care a fost
efectuat de Toshiba si ar putea fi realizat in
doua etape, de cate 500 MW/etapa.