Romania’s gas imports, production down this year

According to data from the national statistics institute INS, Romania’s gas production was close to 2.38 million tons of oil equivalent (toe) between January and April, which is 6.1% (or 153,700 toe) less than in the same period of 2021, Romanian news agency Agerpres reported. [Shutterstock/Avigator Fortuner]

Less natural gas was imported in the first four months of 2022 than in the same period of last year, and local production has also dropped.

According to data from the national statistics institute INS, Romania’s gas production was close to 2.38 million tons of oil equivalent (toe) between January and April, which is 6.1% (or 153,700 toe) less than in the same period of 2021, Romanian news agency Agerpres reported.

Romania imported during the first four months 802,800 toe of natural gas, a decrease of 6.1% from the similar period of last year.

For 2022, Romania’s prognosis commission estimates a local production of 7.45 million toe, an increase of about 2% against last year, while imports are expected to drop 20% to 2.33 million toe.

Over the last few years, the percentage of imports in Romania’s gas consumption increased as quantities extracted from mature fields declined, while the development of offshore projects was delayed by legislation changes.

But the situation is expected to turn around in the coming years, as the parliament adopted a new law which is friendlier to investors. Last week, Romania received the first quantities of natural gas extracted from a Black Sea block, the country’s first new offshore gas development for more than three decades.

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