Opposition files new motion of no confidence

PNL, USR and PMP filed the motion of no confidence „Dismissal of Dragnea-Dăncilă Government, a national emergency!” PNL, USR and PMP filed within the Parliament, on Wednesday, the motion of no confidence against the Executive, titled „Dismissal of Dragnea-Dăncilă Government, a national emergency!” 

Source: Agerpres

INS update

Gas imports grew 13.6% over the first four months of 2018, and the production grew by 1%. Romania imported usable natural gas amounting to 616,100 tons of oil equivalent (toe) over the first four months of 2018, 13.6% (73,900 toe) more than over the same period of 2017, according to the centralized data of the National Institute of Statistics (INS). 

Source: Agerpres 

Offshore Law is inoperable

The deputies in the Industries Committee failed to finalize on Tuesday the debates on the Law regarding the conduct of oil operations on the sea (offshore), the discussions being delayed for Monday (at rapporteur level) and for Tuesday (for the final report). The deputies did not come to an agreement with the Black Sea operators in relation to the tax regime.

Likewise, the discussions got stuck to the articles referring to the operators’ obligations to procure goods and services from companies with 25% Romanian capital and to hire Romanians accounting for at least a quarter of the total number of employees. 

Source: Hotnews 

Sorin Gal, ANRM: Romanian gas will be more expensive, overtaxation reduces even more of their competitiveness

The costs for the extraction of gas from the Romanian perimeters will rise over the following years because Romanian inland deposits are increasingly more depleted of resources and the gas coming from deepwater offshore exploitation in the Black Sea becomes more expensive to extract, due to the necessary special works and technologies, raises the alarm Sorin Gal, head of the Directorate for the Management, Assessment and Concession of Oil Resources within the National Agency for Mineral Resources (ANRM).

He made this statement during a seminar occasioned by the launch of the study „Natural gas perspectives in Romania and modalities to capitalize them more effectively”, elaborated by Vasile Iuga, author of the study, together with Radu Dudău, cofounder and manager of think-tank Policy Energy Group.

„Additional taxation makes gas more expensive and less competitive. The gas extraction cost in Romania will rise, as there will be more and more expensive to obtain production from depleted deposits, of which some are into production from 1910-1912, and the deepwater gas in the Black Sea will also involve higher costs” said Sorin Gal. 

Source: Profit