natural gas

The industrial production in the four months of the year grew by 0.8% as gross series against the similar period last year, supported by the extractive industry (+2.2%) and by the processing industry (+1.3%), the National Statistics…

The current legal framework does not offer the needed premises for an investment decision worth billions in the Neptun Deep block, Petrom informs in the report on the first quarter. “We are still willing to see the Black Sea deposits…

The Competition Council (CC) has initiated an investigation to check the conditions for gas delivery by Romgaz and OMV Petrom to their own energy producing plants, the institution informs on its website. “Within the investigation started…

The current legislative environment in Romania does not provide the necessary premises for an investment decision in the Black Sea, in the context in which a number of tax and regulatory initiatives have been discussed and/or implemented in…

The National Authority for Energy Regulation (ANRE) informs on Tuesday that the energy and gas prices for household consumers on the regulated market will not increase until 2022, following the enforcement of the provisions of GEO 114/2018…

Black Sea Oil & Gas SRL (“BSOG”) together with its co-venture partners, Petro Ventures Resources SRL (“Petro Ventures”) and Gas Plus International B.V. (“Gas Plus”), announce the signing of the Gas Sales Agreement (“GSA”) with ENGIE…

The prices of electricity and gas in Romania will have an upward trend, given the context of alignment with the European countries, yet the Government should say which consumers it can further subsidize, President of the Competition…

The law voted by the Chamber of Deputies on October 24 affects the principle of stability, provides new taxes and sets conditions to the companies regarding the way they would sell the output, the Romanian Association of Offshore…

OMV, one of the Black Sea oil blocks concessionaires, alongside ExxonMobil and Lukoil, has announced that it will decide whether or not to invest in offshore operations in the Black Sea in 2019. According to CEO Rainer Seele, the delay was…

The Chamber of Deputies has voted on Wednesday, as the decision-making body, the Offshore Law on the conditions in which the Black Sea gas exploitation will take place. Investors will have to trade 50% of the gas on the Romanian stock…