NATURAL GAS
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Gazprom Imports Have Highest Price – GDF SUEZ Romania
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.
Cold Weather Drives Gas Consumption To Record High In Romania
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 off...
Romania May Cease Gas Supply To Companies In Cases Of Force Majeure
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...
Petrom May Book EUR100M In Additional Costs As A Result Of Legislative Changes
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.
Romania Bans Local Gas Exports Pending Import Diversification
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 Thurs...
Romania Adds Another Year To Transit Deal For Russian Gas
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 wit...
Romania To Hike Gas Prices For Companies By 5% Come Jan 2012
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.
OMV Petrom 9-Month Gas Production Up 3% To 3.96 Bln Cubic Meters
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...
Romania Completes Gas Storage For Winter
Romania’s Economy Ministry on Thursday announced that natural gas storage operations, for winter consumption, have been completed, using mostly locally made gas.