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).
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
Cătălin Chimir, founder and managing director of construction management company SENARIA, discusses the challenges and opportunities in Romania’s construction and real estate sectors and shares valuable insights on how to maximize project profitability and avoid common mistakes. Despite a stable demand for development, the Romanian construction market remains fragile due to factors like labor shortages, […]
Hoinar.Odyssey, the eighth edition of the classical music festival, explores in 2025 the theme of travel. It proposes a concept that brings together classical music, jazz, electronic sounds, contemporary theater, a musical, and new literature. The event, scheduled to take place between May 15 and May 20 at the ACT Theatre and the Romanian Athenaeum, […]
