Gas prices in Romania, traded on the Romanian Commodity Exchange (BRM) have a level comparable to those in Europe, on the TTF exchange, and it is hard to believe that Russia will cut off gas supplies, but if this happens, prices will rise, told Energynomics, Dumitru Chisăliță, the president of the Intelligent Energy Association (AIE).
“BRM prices are comparable to what is happening in Europe. They are a little below the TTF, but I’m watching closely the prices in Europe, which are at a high level right now. Honestly, I expect them to stay at this level throughout the current year. The price for the next period will oscillate between 490-500-530 lei/MWh, and I don’t think it will decrease again. It’s just that the average prices aren’t that high. The prices of bilateral and import contracts are lower,” he said.
Obviously, if Russia cuts off gas, prices will rise.
“They will certainly go higher, at least in our country, and they will grow much more in Europe, if that happens, but I think things are unlikely to get there. We must see that the price of gas, compared to last year, has increased a lot, and also for the gas in the Russian Federation. And then, with that in mind, they kind of achieved their goal. I expect, rather, that there will be various media scenarios that will be circulated and that will also have, as a consequence, price increases. I do not expect cuts, it does not make any logic, from the perspective of the Russian Federation,” added the AEI expert.
