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Free AccessRomania Reaches 80% Gas Storage Target
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.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.