MNI China Daily Summary: Monday, July 29

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CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

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Romania Reaches 80% Gas Storage Target

NATURAL GAS

Romanian gas storage facilities have been filled above their 80% target and could reach 90% by November 1 deputy Energy Minister Dan Dragan said today.

  • "We hope that by Nov. 1 we will be close to 90%, which will give us stability this winter," Dragan told an energy seminar. "Stored volumes are significant and above previous winters."
  • Romania along with Bulgaria, Hungary and Slovenia proposed shipping additional natural gas supplied by Azerbaijan to Europe at the end of last week.
  • The four EU countries have offered their networks to allow for faster and cheaper shipments of Azeri gas to central, western and southern Europe.
  • In July, the EU signed an MOU with Azerbaijan to double imports of Azeri natural gas to at least 20 bcm a year by 2027.
Energy BulletsCommodities
Energy BulletsCommodities

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