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September 24, 2021

OPCOM and BRM receives gas trading licenses

The transactions with natural gas are not transparent in our country, for the time being. The energy market regulating authority (ANRE) received for approval the operating regulations of gas trading platforms since as early as last winter, from OPCOM and the Romanian Commodities Exchange (BRM). According to sources close to the situation, the licenses for OPCOM and BRM will be issued this month, bursa.ro reports. ANRE already posted on its website the draft order for the approval of the general rules of the centralised market of natural gas. Market sources say there is a long way from putting on paper the two gas exchanges to the effective trading: “Operators demanded that transactions are anonymous, with prices and quantities posted without the names of companies. Multinationals trade on several markets and expressed the concern that the still low prices of our market will cause them problems in other countries, where prices are much higher. Plus, in our country, ANRE sets the quota of imports each month and announces each quarter the price increase percentage of internal gas price, as part of the liberalisation process. With no predictability of quota and a price increase rate set by ANRE, what transactions can there exist?” ask the sources.

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