09.12.2012

Lithuania and Romania will work together to identify and secure an alternative route of natural gas supply to the Russian pipelines, the president of the Baltic nation said Wednesday. more

08.14.2012

Romanian natural gas prices will increase by 5% for household consumers and by 10% for non-residential clients as of September, an official of the International Monetary Fund said Tuesday. more

06.08.2012

Romanian insurers that cover natural disasters must hold reserves based on estimations regarding underwritten premiums on this segment and their reinsurance programs, according to norms drawn up by more

06.05.2012

Romanian natural gas consumption fell 2% to 17.8 million megawatt hours in the first quarter, from 18.5 million MWh in the year-earlier period, the country’s energy regulator ANRE said in a report more

06.05.2012

Almost one year since becoming chief executive of OMV, Gerhard Roiss gives a few clues about the prospects of Romania's largest oil and gas producer, Petrom, as well as its future challenges. more

05.29.2012

Romgaz Medias, Romania’s largest gas producer and the most profitable state-run company, last year reached a net profit of over 1 billion lei (around EUR0.22 billion), 35% more than the preliminary more

05.28.2012

Romania’s Government has pledged to gradually eliminate regulated natural gas prices for industrial consumers until the end of 2014, but it could extend the period until the end of 2015 if there was more

05.28.2012

Romanian authorities plan to set up a trading exchange in the natural gas market by January 2013, according to a memorandum signed with the International Monetary Fund. 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

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

03.17.2012

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

02.28.2012

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

01.31.2012

Romanian natural gas consumption rose by 20% to a record 70 million cubic meters a day on average, due to extremely cold temperatures that have gripped the country over the past days, an official of more

12.20.2011

The gas supply of chemical plants and power producers, with consumption of more than 30,000 cubic meters per hour, will be limited or ceased in case of force majeure, which will also include a 20% more

12.16.2011

OMV Petrom (SNP.RO), the largest company in Romania, could be significantly affected by the changes of the Gas Law approved by the Chamber of Deputies on Thursday. more

12.15.2011

Romanian companies will not be able to export natural gas until import sources are diversified using the current infrastructure, according to a draft amendment to the gas law, approved Thursday in the more

12.08.2011

The transit deal for Russian natural gas on Romanian soil has been extended by another year, until the end of 2012, Thursday said Elisabeta Ghidiu, strategy and corporate management head within more

12.07.2011

The price of natural gas for industrial consumers will grow by another 5% starting January 2012, under an agreement concluded between the Government and the International Monetary Fund. more

11.09.2011

Romanian oil and gas group OMV Petrom's (SNP.RO) natural gas production in Romania and Kazakhstan increased 3% in the first nine months, to 3.96 billion cubic meters, from 3.84 billion cubic meters in more

10.13.2011

Romania’s Economy Ministry on Thursday announced that natural gas storage operations, for winter consumption, have been completed, using mostly locally made gas. more