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September 28, 2020
BUSINESS

Natural gas imports, down 76.9%, in first four months in 2015

Romania imported, in the first four months of 2015, an amount of usable natural gas of 66,500 tonnes of oil equivalent (toe), down by 76.9% (221,700 toe) compared to the amount imported in the similar period of 2014, according to the data centralized by the National Statistics Institute /INS/.
The domestic production of natural gas totaled, in the first four months of this year, 2.913 million toe, having been by 9,700 toe (0.3%) higher than that in the same period a year earlier.
According to the INS, the imports of usable natural gas amounted, in 2014, to 447,400 toe, by 61.5% (714,100 toe) lower versus than those in 2013. Moreover, the domestic production of natural gas totaled over 8.675 million toe, by 73,900 toe (0.9%) higher compared to that reported in the previous year.
Romania’s 2015-2035 Draft Energy Strategy shows that Romania has the largest natural gas reserves in Central and Eastern Europe, with certain reserves of approximately 1,600 TWh.
‘At an annual average production in Romania (11 billion cubic meters of natural gas) and in the context of a constant annual decline of 5% in the certain natural gas reserves, plus a replacing rate of the natural gas reserves of 80% , one may consider that the current natural gas reserves could run out in a period of some 14 years,’ mentions the document.

 

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