Rompetrol dispute will not affect the sale to CEFC – Romania, 27 May 2016

Vice Chairman of the Board of Kazakh state-owned company KazMunayGaz Diniyar Berlibayev said that the investigation into the privatization of Rompetrol Rafinare launched by the Romanian state will not affect the sale of 51 % stake in KMG International (former Rompetrol Group) to Chinese CEFC. According to the agreement signed last month, CEFC and KazMunayGaz […]

Transgaz and GRTgaz signed Memorandum of Cooperation – Romania, 27 May 2016

Romanian natural gas transmission system operator Transgaz has singed a Memorandum of Cooperation with its French counterpart GRTgaz in order to help implement the European energy strategy in Romania. French Ambassador in Bucharest, Francois Saint-Paul said after the signing of the Memorandum that it is concluded between the two leading companies in their area, as […]

Gas prices for households are the lowest in the EU – Romania, 27 May 2016

According to data published by Eurostat, households in Romania paid the lowest price for natural gas in the EU in the first half of 2015, which amounted to 3.4 euros per 100 kWh. This is less than a half of the EU average of 7.1 euros per 100 kWh. Regarding electricity prices, the price which […]