05.25.2012

Romanians pay almost twice as much for electricity when adjusted for purchasing power as the Finns or the French, official data showed Friday. more

05.25.2012

Romania’s Competition Council said it will finalize in the upcoming months the antitrust inquiry set off last year on the local gas market regarding a potential conspiracy between several companies more

05.23.2012

The European Commission formally notified Romania it has filed legal action with the EU Court of Justice over the country’s faulty natural gas cross-border trade regulations, Romanian Prime Minister more

05.21.2012

Romanian Economy Minister Daniel Chitoiu and U.S. Ambassador to Bucharest Mark Gitenstein decided to set up a Romanian-U.S. expert workgroup tasked with analyzing the impact of shale gas exploitation more

05.18.2012

Romanian President Traian Basescu said Friday Romania must develop a strategy to explain to the public that shale gas exploitation does not pose major risks. more

05.07.2012

Romania will deregulate natural gas prices between 2013 and 2018 and electricity prices between 2012 and 2017, Economy Minister-designate Daniel Chitoiu said Monday in parliament. more

05.05.2012

Romania will keep gas prices unchanged this year both for household and non-household consumers, Economy Minister-designate Daniel Chitoiu told International Monetary Fund and European Commission more

05.04.2012

Romania’s newly named government plans to impose a moratorium on shale gas exploitation until European Union-commissioned studies to assess possible environmental damage of hydraulic fracturing are more

04.29.2012

US oil group Chevron is allowed for a 30-year period to explore, develop and drill for shale gas on three Black Sea blocks, according to the agreements sealed between the Romanian state and Chevron, more

04.26.2012

Azeri state-run oil company SOCAR plans to expand its gas station network in Romania to 40 units by year-end and will allocate around EUR50 million for the new investments, Hamza Karimov, general more

04.05.2012

As Romania could cover its gas consumption needs from its own resources over the next few years, the royalties collected by the state could in turn rise, especially against the backdrop of the future more

04.04.2012

Romania’s natural gas and shale gas reserves may be enough to cover local consumption, but it’s too soon to make an evaluation, Alexandru Patruti, president of mineral resources regulator ANRM, more

03.28.2012

Romania’s government approved the exploration and drilling agreements concluded between local mineral resources agency ANRM and US oil group Chevron for three Black Sea blocks. more

03.17.2012

With two exceptions, every bill paid by Romania over the past eight years for natural gas supplied through intermediaries from Russia has been higher than $1 billion. Last year, the cost was $1.57 more

03.16.2012

Romanian authorities plan to maintain the tariffs for the natural gas delivered to household clients unchanged until end-March 2013, according to a joint draft order from the energy watchdog ANRE, the more

03.15.2012

The average price of gas imported between January and June will be $493 per thousand cubic meters, up 11.5% from $442/1,000 cbm, the annual average for 2011, according to data from energy regulator more

03.05.2012

Romanian president Traian Basescu on Monday said that gas drilling in the Black Sea should start in 2015-2017, which is when Romania will gain energy independence. more

03.03.2012

The ministers of the Romanian and Moldovan Cabinets decided the project targeting the interconnection of the natural gas transportation networks will be completed this year, Moldovan Prime Minister more

02.29.2012

The liberalization of gas prices, requested by the International Monetary Fund and the European Commission, will not result in a strong increase of fees, to import levels, since purchase power is low more

02.29.2012

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its latest hydrocarbon discovery in the Black Sea could reduce or altogether eliminate the country’s dependence on gas imports. more

02.28.2012

The natural gas imported by GDF SUEZ Energy Romania through the Arad-Szeged (Hungary) pipeline is cheaper than the Russian gas, Tuesday said Eric Stab, the company’s chief executive officer. more

02.22.2012

Current gas prices in Romania create an unsustainable situation that could impact investment on this segment, including the activity of the thermal power producer built by OMV Petrom (SNP.RO) in more

02.22.2012

Romanian natural gas market rose 3% to 14.2 billion cubic meters in 2011, helped by growing demand from industrial consumers, oil company OMV Petrom (SNP.RO) said Wednesday. more

02.05.2012

Fertilizer producers are making huge profits thanks to the absurdly low price of Romanian natural gas, Jeffrey Franks, head of the IMF agreement evaluation mission, said Sunday. more

02.03.2012

Romanian natural gas consumption is expected to drop by around 2.5 million cubic meters a day over the weekend, due to lower activity in the industry, the Economy Ministry said in a statement Friday. more