AcasăEurope NewsVast majority of gas purchased from the Black Sea will be supplied...

Vast majority of gas purchased from the Black Sea will be supplied to Romanian consumers

Published on

The vast majority of gas purchased from the Black Sea will be supplied to Romanian consumers and only the surplus will be exported, Eric Stab, CEO of Engie Romania, said on Monday, during the „Challenges in the energy crisis” conference, according to Agerpres.

„In November 2018, Engie signed a 10-year contract with Black Sea Oil and Gas, because we are a large supplier in Romania. Without this contract, the investors would not have made the final investment decision in that project, the project would not have been implemented and we would not have seen this gas on the market,” Stab said.

„We are a large supplier of gas to Romanian domestic and industrial customers. If there is sufficient demand, the gas will go to Romanian consumers. If there is no demand in Romania, the only solution is to export it, but the vast majority of gas will remain here in Romania,” the Engie representative also said in the conference organized by Profit.ro.

Agerpres

Proiectul jurnalistic ecopoliticnews.com este un proiect susținut de AGI
- o asociație neguvernamentală, apolitică și non-profit.
Depinde și de tine să susții o presă independentă.

Latest articles

Hungary: The drop in the inflation rate to 1.8% paves the way for an interest rate cut in June

Hungary’s annual inflation rate fell to 1.8% in May, well below analysts’ forecasts, which...

Pîslaru: I have decided to open a dialogue with the entire public regarding the Pay Law

The Acting Minister of Labor, Family, Youth, and Social Solidarity, Dragoş Pîslaru, announced on...

The BYD CEO is trying to reassure investors by telling them that the company will become the world’s largest automaker

Wang Chuanfu, BYD’s chairman, said Tuesday that he expects the Chinese company to become...

SpaceX is reserving 10% of its IPO for European retail investors

The American aerospace company SpaceX, led by Elon Musk, will launch the largest initial...

More like this

Hungary: The drop in the inflation rate to 1.8% paves the way for an interest rate cut in June

Hungary’s annual inflation rate fell to 1.8% in May, well below analysts’ forecasts, which...

Pîslaru: I have decided to open a dialogue with the entire public regarding the Pay Law

The Acting Minister of Labor, Family, Youth, and Social Solidarity, Dragoş Pîslaru, announced on...

The BYD CEO is trying to reassure investors by telling them that the company will become the world’s largest automaker

Wang Chuanfu, BYD’s chairman, said Tuesday that he expects the Chinese company to become...