Romania's net gas imports in H1 2024 amounted to 834,800 million tons of oil equivalent (toe), 19.9 percent up (+138,800 toe) from the same period of the previous year, shows data released on Thursday by the National Institute of Statistics (INS).The domestic production of natural gas in the reporting period totaled 3.8 million toe, up 1.3 percent (+48,600 toe) year-over-year.According to estimates by the National Economic Strategy and Forecasting Board (CNSP), Romania's natural gas production will rise at an average annual rate of 1.7 percent over 2024 - 2027, after going up 1.4 percent in 2023.In its latest Energy Balance Forecast, CNSP predicts a 0.6 percent increase in Romania's gas production to 7.675 million toe in 2024, with the upward trend set to continue by an advance of 1.5 percent in both 2025 and 2026 (to 7.79 million toe and 7,907 toe, respectively), and of 3.4 percent (to 8.176 million toe) in 2026.Natural gas imports are projected to grow by more than 10 percent in 2024 and then switch to a downward trend that will speed up at the horizon of 2027 (-6 percent), in step with the advance of production as new capacities will be commissioned, but also as a result of the steady transit to foreign markets.Thus, imports are estimated to reach 2.392 million toe in 2024 (+11.1 percent), 2.211 million toe (-7.6 percent) in 2025, 2.150 million toe (-2.7 percent) in 2026, and 2.022 million toe (-6 percent) in 2027.
In a decision adopted in its Thursday meeting, the Romanian government approved May 4, 2025, as the new date for the first round of the presidential elections. The second round should thus be held on May 18, as agreed by the ruling coalition leaders last week. "Two government decisions and an emergency ordinance have been […]
Most of the excavation for the first tunnel built on a highway in Romania has been completed, and traffic could potentially be opened by the end of this year between Tigveni and Bucharest, a section of the Sibiu-Pitești highway. Romanian state officials noted construction work at Section 4 (Tigveni - Curtea de Argeș) of the […]
The European Bank for Reconstruction and Development, or EBRD, invested EUR 707 million in 44 projects in Romania in 2024 to support the country’s green transition, a sharp increase compared to the previous year, when it invested EUR 658 million spread over 23 projects. EBRD cooperates with private corporations, equity funds, banks, as well as local […]
The Metropolitan Library of Bucharest, through its Dimitrie Cantemir Branch, announced a cultural premiere for Romania: the opening of the first corner dedicated to Nepali literature. The official opening is scheduled for February 1. "This is an important moment that reminds us that libraries are spaces for learning and for understanding cultural exchanges. Through this […]
Simtel Team, a Romanian engineering and technology group listed on the Main Market of the Bucharest Stock Exchange under the ticker SMTL, announced the opening of a new subsidiary in Essen, Germany. The company, one of the leaders in renewable energy in Romania, has been expanding internationally in recent years. The process began with the […]
A Greenpeace activist flew a powered paraglider near the Transocean Barents platform in Constanța on Wednesday, January 15, displaying a banner reading 'Stop Fossil Gas' in protest of OMV Petrom's Neptun Deep gas drilling project in the Black Sea. The platform, set to become Europe's largest fossil gas extraction site, is undergoing final preparations before […]
