ADVERTISEMENT

Large gas field found in northeast Romania

Energy Trade

Romanian gas company Romgaz has discovered a gas field with a storage capacity of 200,000 cubic meters in the northeast, the official Rompres news agency reported Thursday.

Romgaz had planned in 2006 to explore gas fields in eight areas throughout Romania, said the company’s general manager Francisca Toth. Seven gas fields had been found, he added. The state-owned corporation is Romania’s largest producer and supplier of natural gas, taking up 41.2% of the domestic market.

Romania is one of the few European countries which have natural gas resources. With annual gas production of 10 billion cubic meters, 60% of the country’s domestic demands can be fulfilled. (people.com.cn)

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.