PSD supports the temporary regulation of energy prices
Rising gas prices are rekindling talk of at least a temporary return to regulated rates. The Minister of Public Finance…
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Import-Export
EU GDP will fall by 1% if Russia cuts off gas and no timely action is taken
The European Commission estimated on Tuesday that the European Union’s Gross Domestic Product will fall by 0.6% – 1% if…
EC proposes a cut in gas use in the EU by 15% by next spring
As the EU faces the risk of further disruptions to Russia’s gas supplies, the European Commission on Wednesday proposed a…
INS: Natural gas distribution network expanded by 4.3% in 2021
The length of the natural gas distribution network was of 45,444.9 km in 2021, up 4.3%, according to data released…
IMF: Ending Russian gas supplies would cause a severe recession in Europe
The cessation of Russian gas supplies would cause a severe recession in Eastern Europe and Italy, if countries around the…
AEI: Romania has reached a level of gas deposit loading of 47%
Romania benefits from imported gas nowadays and has reached a level of gas deposits loading of 47%, it is shown…
France’s industry moves to oil out of fear of a Russian gas cutoff
France’s energy-serious industry is accelerating alternate courses of action and changing their gas boilers over completely to run on oil…
Gazprom cut gas supplies to OMV by 70%
The Austrian energy group OMV announced on Monday that it receives from the Russian group Gazprom a quantity of natural…
Energy exports brought Russia’s current account surplus to a record value in Q2
Russia’s current account surplus hit a record high of $70.1 billion in the second quarter, as explosive growth in energy…
Azeri gas exports to Europe will reach 10 bln. cm in 2022
Azerbaijan’s gas exports to Europe will exceed 10 billion cubic meters this year, Azerbaijani Energy Minister Parviz Shahbazov announced on…
Russian natural gas substitution – scenarios proposed by FEL Romania
The escalation of the Russian-Ukrainian conflict has amplified the effects of the energy crisis and calls for a rethinking of…
NGOs call for demolishing Nord Stream 2 to avoid environmental damages
Environmental NGOs warn that leaving the unused Nord Stream 2 pipeline at the bottom of the Baltic Sea could cause…
Greece-Bulgaria gas interconnector could be ready in June
The Greece-Bulgaria gas interconnector could be ready in June, as promised by Bulgarian officials, Energy Minister Virgil Popescu told journalists…
Engie calls on the EU for clear instructions on the payment of Russian gas
French utility Engie is still paying in euro for Russian gas, according to its contracts, and hopes to receive clear…
EU adjusts plans to sanction Russian oil to persuade reluctant states
The European Commission has proposed a series of changes to its Russian oil embargo in a bid to persuade reluctant…
Barrel price rises following EU’s decision to impose an embargo on Russian oil
The European Union confirmed on Wednesday that it intends to end all imports of crude oil and refined petroleum products…
Nicolescu: Russians want to create panic to raise gas prices
Russia’s decision to halt gas supplies to Poland and Bulgaria is an attempt to divide the European Union and create…
Sterian: Gas imports into Romania are not affected; we can ensure the country’s consumption from domestic production
Although Gazprom has stopped gas supplies to Plonia and Bulgaria, Romania’s gas imports are normal, and our country can provide…
EU wants to reduce its dependence on Russian oil and gas to zero by 2027
EU aims to reduce its dependence on Russian oil and gas by two-thirds by the end of the year and…
Germany would lose 5% of its GDP in the event of a Russian gas embargo
An immediate European embargo on natural gas imported from Russia could cost Germany up to 5% of its GDP this…
EU must prepare for rationing gas
EU countries are scrambling for new sources of gas to phase out Russian fossil fuels and punish Moscow for its…
Romania is the EU country least dependent on natural gas imports
The rate of dependence of the European Union on natural gas imports decreased slightly in 2021, to 83%, from 84%…
Virgil Popescu: “We can import LNG from Israel, via Egypt”
Strengthening bilateral relations between Romania and Israel, especially in the field of energy, is an important goal to be achieved,…