The storage of petroleum products in our country would be useful, as well as the establishment of a central storage entity as it happens in other European states, said Cătălin Niţă, executive director of the Oil and Gas Employers’ Federation (FPPG).

“We believe that it would be useful to store fuels in our country. Continuous storage can eliminate the gap between supply and demand and the availability of crude oil stocks and ensuring energy supply are essential elements of public security. In the event of a major supply disruption, the country should have clear procedures and take steps to make available quickly, efficiently and transparently some or all of the emergency and specific stocks. We consider that a central storage entity is useful and necessary. We discussed this repeatedly, but I think that now we should start doing something in this regard”, said Cătălin Niţă, at the conference “O&G – What works, what can we do better”, organized by Energynomics.

“We are talking about a central storage entity for petroleum products to ensure compliance with the EU obligation and to prepare Romania for difficult times. At this moment, the legislation allows you to store, but also 50% abroad, which is quite complicated especially in a period of lockdown, with measures to prevent the crossing of borders. It is much safer to have things with you in the country and to benefit immediately from internal reaction. In fact, almost all European states have set up central storage entities on their territory. We believe that we are the only ones that maintain emergency stocks through the efforts of economic agents. There are about ten operators who have the obligation to maintain these emergency stocks,” Niţă said.