OMV: Romania does not have the right policies for investing in the Black Sea gas

Europe needs Russian gas and the Nord Stream 2 gas pipeline. Manfred Leitner, a board member of the OMV Group who is responsible for downstream operations believes that Europe does not have policies regarding Black Sea project.

Source: ADEVARUL

Virgil Popescu (PNL): There should be no over-taxation on additional gas revenues  „In all of the explanatory memorandum of Ordinance 7, which was approved by law, it was said that due to the liberalization of prices and the deregulation of gas prices, the producers made an extra income. Whenever you return and pay the gas price to 68 lei / MWh, the producer does not have a free market. Thus, Ordinance 7 no longer has a legal basis.

Source: FINANCIAL INTELLIGENCE

The outcome of gas price capping: The profit of Romgaz will decrease by 420 million leiRomgaz general manager Adrian Volintiru said  that „due to the capping of the gas price to 68 lei / MWh, we estimate an impact of minus 20-25% of the turnover this year (indicator that was 4.9 billion lei last year).

Source: ADEVARUL