21.8 C
Bucharest
May 16, 2021
BUSINESS

MP wants to ban natural gas exports

PSD MP Iulian Iancu stated yesterday that he filed a draft law that would ban Romanian natural gas exports until sources of supply are diversified, Mediafax informs. “Exporting is now the coup de grace that one could give to the Romanian economy,” Iancu stated during a conference on energy issues.

For the time being Romania cannot export natural gas since it does not have export pipelines. Although Romania has a natural gas pipeline connected to Hungary’s natural gas system, it is designed for imports alone. Romania is importing natural gas from the Russian Federation indirectly, through intermediaries, and from Hungary through the Arad-Szeged pipeline. The latter covers an insignificant part of national consumption. Nabucco and AGRI are the only options through which Romania could diversify its natural gas supply routes. None of these projects is operational and they are estimated to be completed several years from now. On the other hand, Petrom announced that if the Romanian natural gas market is not liberalized it will resort to exports.

Related posts

The occupancy degree at the seaside was 100 pc over the weekend

Nine O' Clock

Gabriela Bordea takes over as director general of Tarom

Test

ECB to start supervising up to 200 eurozone banks from spring 2014

Nine O' Clock