Romania will need, at the level of the years 2027-2028, 4-5 billion cubic meters of gas in addition to the production from the Black Sea, gas that will come from imports and from the LNG terminals in the Black Sea, declared, on Monday, the general director of Transgaz, Ion Sterian. “I tell you, somewhere in 4-5 years, in line with the decline in domestic production, both at OMV Petrom and at Romgaz, which is a natural decline – today Romania’s production is somewhere around 9 billion cubic meters of gas – neither the gases from the Black Sea, about 8 billion cubic meters, will not satisfy Romania’s needs”, said Sterian at the “Romanian Energy Symposium – SIREN 2023”, organized by the Romanian National Committee of the World Energy Council (CNR-CME). He explained that, currently, gas consumption is 10-11 billion cubic meters, and through the new gas connections of some localities, another 3-4 billion cubic meters will be added. Also, with the gas consumption of the Mintia plant, of 2.5 billion cubic meters, with the Iernut plant, when the works will be completed, with a consumption of about 1 billion cubic meters, and another 1, 5 billion cubic meters in Isalnita and Turceni, we will approach 20 billion cubic meters of consumption. The general director of Transgaz also emphasized that in this estimate, the fact that Azomures or Alro Slatina could resume their activity at any time, but also other investments “which are big consumers of gas” must be taken into account.
In Romania, Christmas is more than holiday markets, decorated trees, and wrapped gifts. It's a season filled with old customs, lively rituals, and dishes that bring families together. One of the most popular Christmas traditions is caroling. Although traditions vary depending on the area, the ritual of going from house to house and singing carols […]
President Nicușor Dan said the “rule of law is not negotiable” and stressed that serious problems affecting the justice system can be resolved, as public concern grows following allegations of corruption highlighted in a recent investigative documentary by Recorder titled “Captured Judiciary.” People
Romanian authorities have reportedly confirmed an increase in “super flu” cases in December after the virus caused unprecedented problems in other European countries. In total, over 3,000 flu cases were reported in Romania in just the first week of December, double the number recorded in the previous week (1,504), Euronews Romania reported. The virus is […]
This autumn, a mature linden tree on the campus of the British School of Bucharest (BSB) was relocated to a new position within the school grounds to make space for the development of new sports facilities. The operation, supervised by two UK specialists from Ruskins Trees & Soil Biology Ltd, represents the first such relocation […]
Romania continues to record the largest value-added tax gap in the European Union, losing around one-third of both VAT and corporate tax revenues, according to an analysis by PwC Romania based on the VAT Gap in Europe report by the European Union. The country has held the top position in VAT non-collection for the past […]
Romanian companies recorded higher profitability than peers in Bulgaria, the Czech Republic, Hungary, and Poland across nine economic sectors, positioning Romania among the most attractive regional markets for investors in selected industries, Ziarul Financiar reported, citing a joint study by the Bucharest...
