ADVERTISEMENT

Romania gears up for more shale gas exploration, minister says

Energy Trade

Romania will soon launch tenders to expand shale gas exploration after US-based Chevron took the lead this month as the government seeks to reduce dependence on costly imports, the energy minister said. “The mineral resources agency will launch tenders for shale exploration in the near term”, Reuters quoted Constantin Nita as saying in an energy seminar on Thursday. The US Energy Information Administration estimates that Romania and its neighbors Bulgaria and Hungary could between them have 538 billion cubic meters of gas, which would be enough to cover Romania’s consumption for almost 40 years. But Nita added his government “is seeking to find ways to reassess the energy mix in Romania”. Romania is not under so much pressure as its neighbors to find more gas, because it already has considerable conventional gas reserves and imports only about a quarter of the gas it uses.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

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

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.