Natural gas has become cheaper in Romania, said Virgil Popescu, Minister of Economy, Energy and Business Environment, offering assurances that the price of gas in the winter of 2020 will be lower than the price of the winter of 2019.

“As we promised, on July 1, the natural gas market was liberalized. In addition to this liberalization we changed the obligation to sell centrally on the gas market with a gas release program. Basically, through this program, we linked the price of gas in Romania at the price of the regional exchange in Vienna, Baumgarten,” said Popescu, according to Profit.ro.

“Exactly as we expected, the supply of gas on the Romanian market is higher than the demand and, obviously, we have a reduction in the price of natural gas, reaching a little below the price of the Vienna Stock Exchange. This means that the Romanian market becomes a functional market and that is why the gas flow is also leaving Romania, not only entering Romania. The good news will be for both the domestic and the industrial consumer… the price of natural gas in Romania will be lower. Now, we can’t compare the price in October, November, December with the current price. But certainly the price in the winter of 2020 will be lower than the price in the winter of 2019. This is certainly because the price of gas has decreased and we have a lower reference,” said Popescu, at Digi 24.