BUSINESS

Petrom will import natural gas for its own power plant

As it is getting ready for the final test phase of its new power plant in Brazi, built upon an investment of EUR 500 M, Petrom company receives a strong blow. According to Adevarul newspaper, the company is no longer allowed to use only natural gas extracted in Romania, as it had planned, for the production of electricity. Under a joint order of the Ministry of Economy, ANRE and ANRM, the company must create a pool of domestic and imported gas. Petrom officials said they took all legal measures to challenge this order. Worth mentioning, imported methane costs twice as much as the gas extracted in Romania, and Petrom planned to use the power plant at its maximum capacity by the end of the year. The unit will have an installed capacity of 860 MW, more than a nuclear reactor of Cernavoda, and will use one billion cubic metres of gas each year.

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