CNP: Romania’s natural gas production to steadily increase over the next three years; imports to drop by 2020

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Romania’s natural gas output will steadily increase over the next three years to 9 million tons of oil equivalent (toe) in 2020, while imports will drop steadily to 700,000 tep in the same year, Commission for Economic Forecasting (CNP) shows in its Energy balance forecast.

Thus, gas production will increase from 7.48 million tons of oil equivalent in 2016 to 7.8 million to 2017 (plus 4.2 percent), to 8.2 million to 2018 (plus 5.1 percent), 8.6 million toe in 2019 (plus 4.9 percent) and 9 million toe in 2020 (plus 4.7 percent).

Last year, Romania’s natural gas production decreased by 15.6 percent.

This year, Romania will import 1 million toe of natural gas, down 15.6 percent compared to 2016, and in 2018 the imports cutting will be even more pronounced, 30 percent, to 700,000 toe.

Romania’s energy resources will reach 41.64 million toe in 2017, up 0.6 percent year-on-year, according to the CNP.

Of the total energy resources, 40.4 million toe are primary energy resources, of which 24.61 million toe represents production, 12.75 million toe – imports, and 3.07 million toe represents the stock from the beginning of the year.

Of the total domestic consumption, 3.09 million toe is for the consumption in the energy sector, 1.05 million toe represents the losses, and 24.32 million toe is available for final consumption.

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