The representatives of state-owned gas producer Romgaz said that the company expects additional expenses in the amount between 5 and 6.5 million euros in 2018, due to increased royalties.
The amount of royalties for produced natural gas in Romania should increase by 10-15 % in this year after the Romanian National Agency for Mineral Resources (ANMR) issued the order by which the reference price for natural gas extracted in Romania, according to which the royalties paid to the state budget by the producers will be calculated, will take into account the quotations from Central European Gas Hub (CEGH) in Austria, the leading hub for gas trading in central and eastern Europe.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: financial, gas, gas production, Romania, Romgaz