Romania has not yet approved a National Energy Strategy (SEN), which defines the medium and long term objectives of the natural gas sector and the ways to achieve them, in order to ensure the sustainable development of the national economy, informs a performance audit on the implementation of strategies and policies in the field of natural gas investment and production, conducted between February 2022 and May 2023, by the Court of Accounts.During the audit engagement , which covered the period 2017-2021, the auditors found that the Ministry of Energy did not monitor the achievement of the objectives set by the old strategic document (SEN 2007-2020), which expired almost three years ago.Domestic gas production decreased by 16.81% between 2017-2021, while the amount imported more than tripled during the audited period. Due to the higher volume of imported gas, a deficit in the national trade balance of 2.056 billion euros (import of 2.335 billion euros - export of 279.5 million euros) was recorded in 2017-2021.The Court of Accounts mentions that the National Agency for Mineral Resources (ANRM) has not initiated public calls for tenders for the concession of oil operations since 2010, although it has been noted that there are free geographical areas for the concession of operations (68 perimeters).Investments in the construction of natural gas distribution networks were not completed in all cases within the agreed deadlines, nor were investments in the development of storage facilities carried out at the planned level.Among the positive aspects noted during the audit were the unblocking of the offshore gas exploitation projects in the Black Sea and the achievement of the objective to involve Romgaz SA in the Neptun Deep project, the increase in the length of the transmission pipelines by 6.81% (906.5 km), the exceeding of the drilling work programmes undertaken by Romgaz SA within the exploration programmes (141.86% completion rate).
Holidays are simply better when you share the traditional taste of Boromir Cozonac with your loved ones. Our Collection of Cozonac brings joy and warmth to festive gatherings, carrying on the sweet traditions of the winter season. With its soft core, rich fillings, and authentic flavor that comes from natural sourdough, the Boromir Cozonac is […]
As parents everywhere wrestle with the same uneasy question, how do you prepare children for a future shaped by rapid technological change and constant uncertainty, Verita International School is betting on a clear answer: teach students how to think, not what to think. In this interview with Romania Insider, Ashley “Ash” Peek, Head of Secondary […]
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
