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Bucharest
August 4, 2021
BUSINESS

Imported gas, 33 pc more expensive as of next winter

The price of imported natural gas will increase by 33 pc at least, starting next winter, because of very high oil quotations, said official sources with GDF Suez Energy Romania (formerly Distrigaz Sud), quoted by ‘Adevarul’ newspaper.

“In the optimistic hypothesis that has the price of the crude barrel at the same price as now, the price of imported gas would exceed 160 RON / MWh (USD 530 for 1,000 cubic metres) next winter, compared to the current level of 120 RON / MWh (USD 400 for 1,000 cu.m.) and with the latest update operated by the Energy Regulatory Authority (ANRE), at 79 RON / MWh,” company officials announced. According to the sources, this year the utility provider has proposed a calendar of gas price increases in several stages, (9.8 pc on February 1st, 4.2 pc on April 1st and 7.5 pc on July 1st), arguing that the difference between the real cost of gas and the price at which it is sold has exceeded 25 pc.

Authorities consider the possibility of supplying household consumers mainly with natural gas produced in Romania, which would allow keeping the price unchanged for this category of customers until next spring. Asked about how they see this idea, the GDF Suez officials said that they are open to any proposition, “as long as it provides a unitary approach of all players in the market and the consequences of such a mechanism – based on rules that have not been defined yet – are known and analysed.”

“For the time being, we were not informed about any such proposition being submitted to the analysis of market operators,” they added.

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