The two Romanian gas producers, Petrom and Tomgaz, have limited the gas quantity delivered to the market, so the price has gone up and suppliers must import more gas from Russia, which is more expensive, the CEO of Engie Romania, Eric Stab, said on Tuesday. He explained that all of these will be reflected in the bills that are paid by the final consumers, which will have to be increased by the National Regulatory Authority for Energy (ANRE). “The price of gas on the market is rising due to several causes. Firstly, this occurs as a result of the fact that imported gas is more expensive, but also because there is not enough gas on the market put up for sale by the Romanian producers, Petrom and Romgaz. They simply say that they are out of gas,” Stab said. The Engie Chairman showed that the obligation of all suppliers to store gas for winter is added to these. “We hope that there will be more gas on the market in the first quarter of next year, because otherwise we will be forced to import even more, and the import price is rising, being linked to the oil quotations,” he said. Stab explained that this is also caused by the high prices on the energy market, which determined Petrom and Romgaz to direct more gas from their own production to the plants that they own in Brazi and Iernut respectively. The head of Engie declined to say what the price of the imported gas due to be delivered in winter, but he specified that he presented the ANRE the documents showing that the final price will have to be increased. Asked if Romania will have enough gas this winter, the Engie official replied: “I do not know, it depends on the winter, only God knows.” “We must be prepared. The Government must have an emergency plan, that will tell us what to do and how to intervene if need be, a plan which does not exist now,” he added.
The second stage of the international Grand Chess Tour, one of the most important chess tournaments in the world, will take place in Bucharest from May 7 to May 16. The first stage of will take place in Warsaw, Poland. However, the event’s opening will take place on May 6. In addition to these two, […]
Voxxed Days Bucharest 2025 concluded the 2025 edition on 27th March, after two days of successful workshops and conferences. "I'm grateful we managed to bring together 300 developers and tech team leaders again this year, in a conference dedicated to a passionate developer community. It was a significantly bigger effort than in previous years, given […]
Romania’s civil shelters, which are to be used to protect people in the event of armed conflict, are few, unsanitary, and largely obsolete in terms of equipment, according to a report by the Court of Accounts. The audit conducted by the Court of Accounts on the situation of civil...
The organizers of music festivals Untold and Neversea have signed an agreement with the Bucharest City Hall to organize a "mega-festival" in the capital this year. The large-scale project is set for a pilot edition this year, with plans to have it "grow year by year." It will take place at Arena Naţională. The talks […]
Around 61% of Romanians say they have been the target of online fraud attempts, the most common consequences being the infection of the device with malware or viruses (42%) and the loss of money (30%), according to the latest study conducted by Reveal Marketing Research. Of those who have been targeted, 39% have experienced such […]
Showpad, active in AI-driven revenue enablement technology, announced the official launch of its Research and Development center in Bucharest. With headquarters in Ghent (Belgium) and Chicago (US), Showpad is "strategically positioning its new R&D center to tap into the rich talent pool and burgeoning technology ecosystem of Romania." It also underscores Showpad's dedication to accelerating […]
