RO market regulator wants higher natural gas reserves, warns of uncertain imports

29/08/2019 09:05 Natural Gas

news

Romania’s energy market regulator ANRE drafted new regulations requiring natural gas producers and suppliers to build up higher reserves ahead of the cold season, quoting risks of “reduced” transfer of natural gas through Ukraine and limited capacities of the interconnectors with other states (Hungary and Bulgaria), according to a release published on August 27.

In a revised version of the release, ANRE erased the note on the possible interruption of imports from Russia through Ukraine, although this is likely the main reason behind the decision, Hotnews.ro reported.

 

It was for the first time Romanian authorities mentioned the imminent termination of the natural gas imports from Russia through Ukraine.

 

Gas transport system operator Transgaz has constantly stated Russian gas producer Gazprom has not informed it about discontinuing the deliveries as of January 2020. The contract between Ukraine and Russia expires at the end of this year and it hasn’t been renewed due to the political tensions between the two countries.

Source: romania-insider.com

Daily (26.03.2019): Carbon prices recovered by 4% on Wednesday, as U.S intends to launch a massive financial stimulus to support economy

26/03/2020 10:49:00

Crude oil prices added slight ground on Wednesday, as the United States may vote on a $2 trillion stimulus package to support the economy due to the coronavirus pandemic. Brent crude traded 0.9% higher at $27.39 a barrel. In the same context, WTI futures rose by 2% to $24.49 a barrel.

<READ MORE

Lovech in Bulgaria to renew public lighting in EUR 596 million project

26/03/2020 09:36:00

MPEnergi from Norway is about to replace 4,483 street lamps with LED technology and install management software and equipment. The municipality northeast of the capital of Bulgaria is counting on cofinancing from the EU’s EEA Grants for the modernization of its public lighting and a small solar power plant.

READ MORE

China buys record volume of Russian oil as European demand dives: traders

26/03/2020 09:24:00

China is buying a record 1.6 million tonnes of Russian oil for loading at sea over the next four weeks, taking advantage of rock bottom prices for Russia’s flagship Urals grade combined with a collapse in demand in Europe, traders said on Wednesday.

READ MORE