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Romania gets Russian gas at the lowest price in Europe in Q1

Energy Trade

The price paid by Romania for the Russian natural gas in the first quarter of 2021 was the lowest in Europe, lower than the prices on the local markets and in Europe, local Economica.net reported quoting data compiled by the European Commission.

Traditionally, Romania used to pay the highest prices in Europe for Russian gas, according to Romania-Insider.

But according to the Commission, the cost of Russian gas imported by Romania in Q1 was EUR 13.5 per MWh (megawatt-hour). Less than Russian gas sold on any other market calculated on the same methodology (compared to EUR 16.5/MWh in Bulgaria or EUR 17.5/MWh in Hungary).

Also, according to the same source, the price of Russian-sourced gas imported in Romania had the lowest price compared to all gas sources in all European markets, except for the gas sold by Azerbaijan to Bulgaria.

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