November 22, 2017

Romgaz imports more natural gas to cover for frosty days

The National Natural Gas Company Romgaz (SNGN) SA Medias announced in a press release that it has started natural gas imports in order to ensure frosty days consumption. Spokesman of SNGN Romgaz, deputy general manager Lucian Stancu said that Romgaz has started natural gas imports on Saturday, January 28, 2012, although it has no competence in balancing the natural gas market in Romania. The Branch dealing with gas storage of Romgaz, the storage facilities operator, provided the owners of gas in the storage the maximum capacity of natural gas extraction.  According to Romgaz data, at the end of the storage cycle (October 2011), the gas stocks in Romgaz deposits were at their maximum capacity. The price of natural gas from imports was, in November, 483 dollars/1.000 cubic meters, higher, in dollars, from the previous month price, which was of 479 dollars/1.000 cubic meters (141,61 Euros / MWh).

Source: AgerPres (read more)

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