ECONOMY

Romania’s Jan – Feb gas imports soar 329.9 pct YoY

Romania imported 481,600 tonnes of oil equivalent (toe) worth of usable natural gas in the first two months of this year, by 329.9 percent (369,200 toe) more than in the same period of 2016, show figures centralised by the National Institute for Statistics (INS).

The domestic natural gas production totalled 1.4 million toe in the first two months of the year, by 0.1 pct less than in the same period last year.

Under Romania’s Energy Strategy posted on the website of the Energy Ministry, the country’s gas production will slowly decrease between 2016 – 2030 to an average of 9 – 10 bln cubic metres.

The document also states that after peaking at 132 TWh in 2025 as a result of Black Sea production, Romania’s natural gas output will decline to 96 TWh in 2030 and 65 TWh in 2050, respectively. Low-price scenarios anticipate the country’s gas production falling to zero beginning in 2045.

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