Gazprom reports first quarterly post-2015 losses due to falling gas demand in Europe
Gazprom, the world’s largest natural gas producer, reported substantial losses for the first quarter of this year on Tuesday, as…
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Import-Export
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…
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…
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…
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…
Nagy-Bege (ANRE): The gas release program ensures non-discriminatory market access
Bogdan Tudorache Producers with a production volume of over 3 million MWh per year must offer 30% of output on…
Price reduction would follow the development of the Romanian Regional Gas Hub
This analysis is based on the PhD thesis “The Romanian Regional Gas Hub. Geographic, Economic and Geopolitical Aspects” Filip Negreanu-Arboreanu…
Polish competition watchdog sues Gazprom
Poland’s competition regulator UOKiK said on Wednesday it has started proceedings against Gazprom and could fine the Russian company some…
FPPG: Recovery of the oil and gas sector, a joint effort of the state and industry
The oil and gas industry recognizes the shared responsibility in managing the health crisis and is ready to contribute in…
ANRE amends the Regulation for measuring the quantities of natural gas traded in Romania
The National Energy Regulatory Authority (ANRE) approved on Wednesday amendments to the Regulation for measuring the quantities of natural gas…
Gas imports fell by 6.2% in the first quarter of 2020, and production decreased by 3%
Romania imported, in the first three months of 2020, a quantity of usable natural gas of 629,600 tons of oil…
Rainer Seele sees hope for oil price recovery in second half
Austrian energy group OMV sees hope for a recovery in oil prices in the second half of 2020 helped by…
MOL Group reported an USD 152 mln. net loss in Q1
Today, MOL Group announced its financial results for Q1 2020. Large inventory and foreign exchange losses resulted in MOL reporting…
Transgaz: Romania will have a LNG import terminal on the Black Sea coast
Romania will have over the next 6 years a functional terminal for the import of liquefied natural gas (LNG) on…
Gas demand drop hits German energy companies as storages full and prices low
The fall in natural gas demand due to the coronavirus crisis is not only impacting producing countries, but also German…
Minister of Economy: In the short term Romania will not be affected by the drastic drop in US oil prices
Romania will not be affected, in the short term, by the drastic drop in the price of oil in the…
Oil prices still low after sharp losses caused by US stockpile surge
Oil prices fell on Thursday after OPEC lowered its global oil demand forecast due to the “historic shock” delivered by…
MOL Group ensures continuous supply security with optimized operational and financial measures
MOL Group implements measures not only to mitigate the impact of the current situation on the Group, but also to…
Oil prices turn lower despite hints Russia and Saudi Arabia are very close to a deal
Oil prices fell on Monday, reversing earlier gains after the CEO of Russian sovereign wealth fund RDIF told CNBC that…
Hungary announces a new gas pipeline
Hungary announces the creation of a new pipeline that will increase the transport capacity from Serbia by 60%, according to…
Oil prices spike by a record 25% as Trump talks up huge production cuts and Saudi Arabia calls for OPEC meeting
Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a…
Virgil Popescu: Low oil prices could endanger the functioning of the oil and gas industry
The oil and gas industry is also hit by the current crisis, and very low oil prices may jeopardize the…
Gas price cap, a populist decision that favors gas importers and suppliers – not consumers
Bogdan Tudorache The capping of the price of natural gas (together with the prices of other utilities), recently taken by…