Gas producers will be forced to sell 40% of production on the stock exchange, starting July 1
Gas producers will be obliged to sell on the stock exchange 40% of production, between July 1 and December 31,…
Interconnection with Serbia, a project of national importance
The government wants to declare the investment project “Interconnection of the National Natural Gas Transmission System in Romania with the…
OMV Petrom and Romgaz say that the obligation to trade gas on the stock exchange contradicts the idea of a free market
The obligation of gas producers, imposed by law, to sell on the stock exchange certain quantities, at certain prices, through…
Popa (OMV Petrom): Romania will import 40% of gas in 2030, without Black Sea resources
Romania will end up importing 40% of its gas in 2030, if the Black Sea gases are not extracted, said…
Energy Security Barometer: 21.5% of Romanians say they are vulnerable consumers
The second edition of the Energy Security Barometer, launched on Wednesday, reveals that 21.5% of consumers consider themselves vulnerable, in…
AEI calls for a weighted average price for gas consumers
Bogdan Tudorache The Intelligent Energy Association (AEI) has submitted a petition to the People’s Advocate, the Government and the Presidency…
Energy Minister accuses gas suppliers of abuse of dominant position and arrogance, on the verge of market liberalization
The Minister of Energy, Virgil Popescu, continued on Wednesday the accusations against the gas suppliers, reproaching them for abusing their…
Iancu: Gas suppliers will pay a tax on additional revenues from liberalization
Gas suppliers will transfer to the state budget a tax from the additional revenues obtained with the liberalization of the…
E.ON: There is no reasonably priced gas in the long run to reduce the price per capita
E.ON Romania claims that there are currently no quantities of gas available on the market at reasonable and long-term prices,…
Hungary agrees new gas deal with Gazprom
Hungary has agreed to buy 6.2 billion cubic metres of natural gas from Gazprom and will begin talks on a…
Global natural gas production to fall by 2.6% this year
Global natural gas output is set to fall by 2.6% this year because of the impact of the COVID-19 pandemic,…
Six global firms strike $20 billion agreement with Abu Dhabi state oil giant
A consortium of six global investors has entered into a $20.7 billion agreement with Abu Dhabi National Oil Company (ADNOC),…
ANRE: Consumers will have a decisive role on the gas market after liberalization; they can change the supplier at any time
Liberalization of the gas market will make consumers aware and will encourage them to get more involved, compare market prices…
Minister of Energy: Household gas will certainly become cheaper in July
Household gas will certainly become cheaper in July, with the liberalization of the market, and household consumers must know that…
Rompetrol Run and Care: Thousands of liters of fuel for Hospice Casa Speranței
More than 600 people, including KMG International employees and their families, participated in the seventh edition of the Rompetrol Run…
Transgaz, invited to present its views on European external subsidy policy
Transgaz has been invited to present its views on European foreign subsidy policy, according to a letter sent to Transgaz…
BRUA: The first start of the STC Bibești compression unit
On Thursday, the first “hot” start of the A – STC Bibești compression unit took place, the last major investment…
Gas for households dropped to 38 lei/MWh, almost half of the regulated price
The price of gas for the population in the third quarter of the year, with the liberalization of the market,…
Liberalization of the gas market: almost half of customers believe that prices will rise
Almost half (45%) of natural gas customers believe that gas prices will increase after July 1, 2020. 34% believe that…
Minister of Economy: Gas price for the population should decrease by 10-15%, otherwise the Government will intervene
The price of gas for household consumers should fall by 10-15% from July 1, when the market will be completely…
Kazakhstan launches an IPO for KazMunayGaz in 2022
Kazakhstan plans to conduct an initial public offering at national oil company KazMunayGaz in 2022, Kazakhstan’s sovereign wealth fund director…
PGNiG says it signed a $1.5 bln. refund deal with Gazprom
Poland’s energy company PGNiG said it will receive $1.5 billion from Gazprom as reimbursement for overpayment in gas supplies in…
IEA anticipates a historic drop in oil demand by 2020
The International Energy Agency (IEA) said on Tuesday that it expects the biggest drop in oil demand in history this…