Romania will need, at the level of the years 2027-2028, 4-5 billion cubic meters of gas in addition to the production from the Black Sea, gas that will come from imports and from the LNG terminals in the Black Sea, declared, on Monday, the general director of Transgaz, Ion Sterian. “I tell you, somewhere in 4-5 years, in line with the decline in domestic production, both at OMV Petrom and at Romgaz, which is a natural decline – today Romania’s production is somewhere around 9 billion cubic meters of gas – neither the gases from the Black Sea, about 8 billion cubic meters, will not satisfy Romania’s needs”, said Sterian at the “Romanian Energy Symposium – SIREN 2023”, organized by the Romanian National Committee of the World Energy Council (CNR-CME). He explained that, currently, gas consumption is 10-11 billion cubic meters, and through the new gas connections of some localities, another 3-4 billion cubic meters will be added. Also, with the gas consumption of the Mintia plant, of 2.5 billion cubic meters, with the Iernut plant, when the works will be completed, with a consumption of about 1 billion cubic meters, and another 1, 5 billion cubic meters in Isalnita and Turceni, we will approach 20 billion cubic meters of consumption. The general director of Transgaz also emphasized that in this estimate, the fact that Azomures or Alro Slatina could resume their activity at any time, but also other investments “which are big consumers of gas” must be taken into account.
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
