Romania is not affected by the suspension of natural gas transit through Ukraine, because it is practically independent in the natural gas sector and covers its consumption demand from its own production, the Minister of Energy Sebastian Burduja said."Romania is not affected by the suspension of natural gas transit through Ukraine, because our country is not in the situation of being an importer of Russian gas. Romania does not have direct natural gas supply contracts with Gazprom, so the cease of the transit agreement does not affect security in domestic production, the good level of gas stockpiles and the existing infrastructure in the region are the pillars that contribute to ensure the stability of natural gas supply in Romania", stated the minister of energy.He emphasized that Romania is practically independent in the natural gas sector and covers its entire consumption demand from its own production, on land and at sea, of 8-10 billion normal cubic meters."In 2024 Romania became the largest gas producer in the European Union. Currently, Romania has almost 2 billion normal cubic meters stored, with a daily consumption of less than 40 million normal cubic meters. For commercial reasons, Romania sometimes imports natural gas from the Szeged-Arad direction and through the interconnection points in the south, with Bulgaria, Kardam1-Negru Voda1 (Trans-Balkan Corridor) and Giurgiu-Ruse", stated Sebastian Burduja.He added that our country supports the Republic of Moldova as much as possible through the Iasi-Ungheni gas pipeline, with a technical export capacity of 1.88 billion cubic meters/year - 5.1 million cubic meters/day, which can fully cover the consumption needs between Prut and Dniester rivers.At the same time, he added, in recent years Romania has continuously worked on diversifying supply sources and alternative natural gas transport routes. Thus, through the Vertical Corridor (Greece-Bulgaria-Romania) and through the Trans-Balkan Corridor (Turkey-Bulgaria-Romania-Ukraine-Republic of Moldova), there is access to alternative sources, including LNG.On the other hand, in 2027 Romania will start the production of natural gas in the new Neptun Deep project in the Black Sea, which has estimated reserves of over 100 billion cubic meters of natural gas. Also, work is being done on the largest gas exploitation on land, at Caragele."Therefore, the gas supply is secure in Romania. Also, Romania covers the gas supply of the Republic of Moldova. Moreover, Romania is in a position to contribute directly to the consolidation of the gas supply of the European Union, and from 2027 it will double its national production of gas and will contribute to the reduction/elimination of European dependence on Russian gas", pointed out Sebastian Burduja.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
