Romania imported a quantity of natural gas of 1.186 million tonnes of oil equivalent (toe), in January-August 2024, by 6.2pct (-77,900 toe) less than in the similar period last year, according to the data centralized by the National Institute of Statistics (INS).The domestic production of natural gas totaled, in the mentioned period, 5.056 million toe, being 1.4% above that of the period January-August 2023 (+69,000 toe).According to the estimates of the National Commission for Strategy and Prognosis, the production of natural gas would increase in Romania, between 2024 and 2027, with an average annual rate of 1.7%, after an advance of 1.4% recorded in 2023.Thus, according to the latest Forecast of the energy balance, Romania will have a production of 7.675 million tonnes of oil equivalent in 2024, up by 0.6%, 7.79 million toe (plus 1.5%) in 2025, 7.907 million toe (plus 1.5%) in 2026, and 8.176 million toe (plus 3.4%) in 2027.As far as imports are concerned, Romania is forecasted to have an increase of over 10% in 2024, after which a downward trend is expected, with a more pronounced rhythm in the horizon of 2027 (-6%), in concordance with the advance of production through the entry into operation of new capacities, but also taking into account the transit to be maintained to foreign markets.CNSP estimates for 2024 imports of 2.392 million toe (plus 11.1%), for 2025 imports of 2.211 million toe (minus 7.6%), for 2026 imports of 2.150 million toe (minus 2.7%) and for 2027 imports of of 2.022 million toe (minus 6%).
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 […]
