Romania imported, in the first five months of 2024, a quantity of usable natural gas of 661,400 tonnes of oil equivalent (toe), 11.8% higher (+69,900) compared to the similar period of last year, according to data centralized by the National Institute of Statistics (INS).The domestic production of natural gas totaled, in the mentioned period, 3.206 million toe, being 1.7% more than from January - May 2023 (+52,200 toe).According to the estimates of the National Strategy and Forecasting Commission (CNSP), the production of natural gas would grow, in the period 2024 - 2027, with an average annual rate of 1.7%, after an advance of 1.4% recorded in 2023.Thus, in the latest Forecast of the energy balance, CNSP predicts for 2024 a production of 7.675 million tonnes of oil equivalent, an increase of 0.6%, for 2025 of 7.79 million toe (plus 1.5%), for 2026 of 7.907 million toe (plus 1.5%) and for 2027 of 8.176 million toe (plus 3.4%).In terms of imports, for 2024 an increase of over 10% in the import of natural gas is forecast, after which a reduction trend is expected, with a more pronounced pace around 2027 (-6%), in line with the advance of production through the commissioning of new capacities, but also taking into account the maintenance of transit to foreign markets.CNSP estimates for 2024 imports of 2.392 million tep (plus 11.1%), for 2025 of 2.211 million tep (minus 7.6%), for 2026 of 2.150 million tep (minus 2.7%) and for 2027 of 2.022 million tep (minus 6%).The Romanian Energy Strategy Project 2025-2035, with the 2050 outlook, launched for debate by the Ministry of Energy, indicates that, according to the forecasts, until 2035 with the 2050 outlook, the production of natural gas from terrestrial resources is expected to decrease, maintaining a reduced degree of dependence on imports, being thus conditioned by the development of the reserves discovered in the Black Sea.The document emphasizes that in the short and medium term, safe reserves of natural gas can be increased by implementing new technologies that will lead to an increase in the degree of recovery in deposits and by implementing projects for deep exploration and areas in the Black Sea continental platform.The first natural gas from offshore projects is planned to become available on the market starting in 2027. According to the information published by the operator, plateau production will be reached within one year of the start of production and will last a total period of approximately ten years, at approximately 140,000 barrels of oil equivalent per day. After this period, the asset will enter into natural decline for another eight years.
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
Bucharest Tribunal rejected on Wednesday, December 17, an appeal filed by former presidential candidate Călin Georgescu against a lower court decision to keep him under judicial control in a case in which he is accused of promoting legionary ideology. The ruling is final,
European chief prosecutor Laura Codruța Kovesi, the former head of Romania's National Anticorruption Directorate (DNA), said she was “shocked” by the revelations made by magistrates in the Recorder documentary ‘Captured Justice,' released on December 9. The media investigation, which fueled major street protests in Romania, details how...
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
The minister of economy, Radu Miruţă, announced that the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP) fined him, as a natural person, for "wanting a clean and fair management at a state-owned company" - Avioane Craiova. The fine is apparently linked to comments made by minister Miruţă about the management teams appointed […]
