Romania imported a quantity of natural gas of 1.186 million tonnes of oil equivalent (toe), in January-August 2024, by 6.2pct (-77,900 toe) less than in the similar period last year, according to the data centralized by the National Institute of Statistics (INS).The domestic production of natural gas totaled, in the mentioned period, 5.056 million toe, being 1.4% above that of the period January-August 2023 (+69,000 toe).According to the estimates of the National Commission for Strategy and Prognosis, the production of natural gas would increase in Romania, between 2024 and 2027, with an average annual rate of 1.7%, after an advance of 1.4% recorded in 2023.Thus, according to the latest Forecast of the energy balance, Romania will have a production of 7.675 million tonnes of oil equivalent in 2024, up by 0.6%, 7.79 million toe (plus 1.5%) in 2025, 7.907 million toe (plus 1.5%) in 2026, and 8.176 million toe (plus 3.4%) in 2027.As far as imports are concerned, Romania is forecasted to have an increase of over 10% in 2024, after which a downward trend is expected, with a more pronounced rhythm in the horizon of 2027 (-6%), in concordance with the advance of production through the entry into operation of new capacities, but also taking into account the transit to be maintained to foreign markets.CNSP estimates for 2024 imports of 2.392 million toe (plus 11.1%), for 2025 imports of 2.211 million toe (minus 7.6%), for 2026 imports of 2.150 million toe (minus 2.7%) and for 2027 imports of of 2.022 million toe (minus 6%).
On Monday, December 23, Romanian police brought Nica Robert Florin back to the country. The man convicted of possession of high-risk drugs, bodily harm, and driving under the influence of alcohol, is listed among Romania’s Most Wanted category and was also wanted internationally. Romanian authorities revealed at the beginning of October that they had indications […]
An investigation by the famous British newspaper Financial Times revealed that the campaign of former Romanian presidential candidate Călin Georgescu was supported by a Russian network also used during the pandemic in France and Germany to instill fear of vaccines. The newspaper’s investigation began in continuation of those by Bulgarian and Romanian journalists at BG...
Bucharest’s District 3 City Hall will once again organize a special New Year’s Eve event in Titan Park, with a program of live concerts, multimedia shows, and even a simulation of the Northern Lights. The event, set to begin at 8:00 PM on December 31, will focus on the theme of infinity. “If you missed […]
Traffic on Lot 1 of the A7 Ploiești-Buzău highway, stretching 21 kilometers in southern Romania, was officially opened on Monday, December 23. With this opening, 102 kilometers of the total 320 kilometers of the highway are now usable. The Moldova Highway, as it has been called, is meant to connect Romania's economically underdeveloped eastern regions to […]
The Dutch technology investor Prosus NV, also the majority shareholder of Romania’s largest online retailer eMAG, is set to buy the online travel agency Despegar.com Corp, focused on Latin America, for approximately USD 1.7 billion. The purchase consideration will be funded from existing cash resources, the company said. Founded in Argentina in 1999, Despegar is one […]
The new Forestry Code, which passed the Parliament vote on December 17 and was signed into law by president Klaus Iohannis on December 20, includes provisions that protect all forests in Ilfov, the county surrounding Bucharest, making them the cornerstone of the future green belt around the capital city. Moreover, it legislates green belts nationwide, […]
