Romania imported, in the first 11 months of 2023, a quantity of usable natural gas of 1.995 million tonnes of oil equivalent (toe), 2% higher (+39,800) than in the same period last year, according to data centralized by the National Institute of Statistics (INS).Domestic production of natural gas in the period January-November 2023 exceeded 6.841 million toe, 1.7% higher than in the first 11 months of 2022 (+117,500 toe).According to estimates by the National Commission for Strategy and Prognosis (CNSP) , natural gas production is expected to rise at an average annual rate of 3.6% between 2023 and 2026, following a 1.1% decline (to 7.343 million toe) in 2022.In its latest Energy Balance Forecast, the CNSP anticipates an increase in gas production of 5.6% in 2023 (to 7.755 million tonnes of oil equivalent), 2.3% in 2024 (to 7.935 million toe), 2.7% in 2025 (to 8.15 million toe) and 3.8% in 2026 (to 8.455 million toe).As regards natural gas imports, a sharp decrease is forecast for 2023, by 23.1%, a trend that will continue until 2026, with an average annual rate of 2.2%.Thus, for this year, imports are estimated at 1.845 million toe, for 2024 at 1.79 million toe (minus 2.8%), for 2025 at 1.755 million toe (minus 2.1%) and for 2026 at 1.725 million toe (minus 1.8%).Last year, natural gas imports fell by 16.5% to around 2.4 million toe, while exports stood at 470,000 toe.
Csaba Balint, a member of the Board of Directors of the National Bank of Romania (BNR), looks at how Romania’s economy has evolved over the last 160 years. This analysis shows that public perception does not always reflect the reality described by numbers and statistics. In recent years, the collective perception of economic conditions and […]
Russia recently denied being involved in elections in other countries, including those in Romania, according to Kremlin spokesman Dmitry Peskov. "The Russian side has not been involved in the electoral processes in Romania. In general, we do not have the habit of meddling in the elections of other countries, specifically those in Romania," Peskov said […]
Just days before the program announcement for the 27th edition of the George Enescu International Festival, which will take place in Bucharest from August 24 to September 21, 2025, the organizer, ARTEXIM, announced a special project - the George Enescu – Poema Română: Immersive Experience. The digital show will debut on Wednesday, December 4, at […]
President Klaus Iohannis awarded the National Order of the Star of Romania, in the rank of Grand Cross, to Kathleen Kavalec, the United States ambassador to Bucharest, on Friday, November 29. The decoration recognizes ambassador Kavalec’s exceptional contributions to strengthening the Strategic Partnership between Romania and the United States, the Presidential Administration
Romania's National Day will be marked by a host of events organized by the Romanian Cultural Institute (ICR) through its branches worldwide and in partnership with various cultural institutions. ICR London invites the public on November 30, to the LSO St Luke's Hall, where a concert performed by Teodora Brody and the London Symphony Orchestra, […]
Moldovan president Maia Sandu published a video encouraging Romanian citizens to vote in the upcoming parliamentary (December 1) and presidential (December 8) elections and to not believe “those who tell you that closer ties with the Kremlin bring peace and prosperity.” Sandu pointed out in the video that the fate of Romania and that of […]
