Russia's Gazprom cuts gas deliveries to Romania by 10%

By bne IntelliNews September 16, 2014

Gazprom’s regional dispatch in Bulgaria's Sofia has informed Romanian gas transport company Transgaz that there will be a 10% cut in the planned deliveries, energy minister Razvan Nicolescu was quoted as saying by HotNews. Gazprom has not explained the reasons for the reduction, the report said.

Similar cuts were already announced over the weekend but they were not followed by lower deliveries, except for a 5% reduction on Friday.

The 10% cut is totally insignificant since in the summer period Romania produces twice as much gas as it consumes.

Romania’s energy system can furthermore run with no malfunction by next spring even if Gazprom disrupts totally its deliveries, Nicolescu assured. The country's reserves are already 0.7bn m3 above the 1.8bn m3 requirements set by energy market regulator ANRE, he said. By the end of the injection cycle [injection into natural reservoirs] the reserves will probably hit 2.8bn m3, Nicolescu added.

Romania’s annual gas consumption is around 12.5bn m3, of which some 11bn m3 is produced domestically.

IntelliNews Comment. Gazprom’s lower deliveries to Romania are part of a broader campaign of similar actions in the region, in response to Europe’s set of sanctions against Moscow related to the crisis in Ukraine. Romania’s gas industry was developed to be self-sufficient and is largely insulated from its neighbours – therefore the disruptions can only discourage plans for gas exports and increase tensions among Romanian officials. The European Commission already pressures Romania for terminating the preferential gas supplies to local households and for liberalising the gas export – in an effort to make the Romanian gas resources available to all European consumers under the single market.

Romania however cannot technically supply gas to its neighbours except for limited deliveries to Moldova - 14,000 m3 per hour, which is 3% of the neighbouring country’s average consumption, Nicolescu explained. The interconnector will however be further expanded to deliver 1.5-2bn m3 of gas per year, which is above Moldova’s 1.1bn m3 current annual consumption.

Separately, the industrialised pro-Russian separatist region of Transnistria imports and consumes another 1bn m3 of Russian gas. The capacity of the gas interconnector with Moldova is scheduled to reach a maximum at the moment when OMV Petrom and ExxonMobil are supposed to start deliveries of offshore natural gas from the Black Sea – thus making Romania a net exporter of gas.

On the other hand, the Arad-Szeged pipeline to Hungary was primarily designed to bring gas to Romania and not export it from there. It still can carry only 10,000 m3 per hour [less than 0.1bn m3 per year] to Hungary, but its export capacity is planned to reach 4.4bn m3 per year by 2016. Exports to Hungary could in principle further be directed to Ukraine or other European countries.

Related Articles

Azerbaijan's Socar to list minority shares in subsidiaries on local bourse

Azerbaijan's state-owned oil company Socar is considering listing minority shares in some of its subsidiary companies on the domestic bourse, Socar's president Rovnag Abdullayev said on ... more

Russia's independent Lukoil looks to place $1bn Eurobond

Russia’s second-largest oil company private Lukoil is considering placing $1bn worth of Eurobonds in the coming two to three weeks, Interfax reported on October 18, citing unnamed financial market ... more

EPH mine frets as Polish takeover of EDF power plant looms

Polish miner PG Silesia, owned by Czech-based energy holding EPH, could face problems if its bid to buy a power plant from EDF is blocked by the government, local media reported on October 11. ... more

Register here to continue reading this article and 2 more for free or 12 months full access inc. Magazine and Weekly Newspaper for just $119/year.

If you have already registered, enter the information below with the same email you used previously and you will be granted immediate access.

IntelliNews Pro subscribers click here

Thank you. Please complete your registration by confirming your email address. A confirmation email has been sent to the email address you provided.

Thank you for purchasing a bne IntelliNews subscription. We look forward to serving you as one of our paid subscribers. An email confirmation will be sent to the email address you have provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

If you have any questions please contact us at

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

IntelliNews Pro subscribers click here

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

If you have already registered, enter the information below with the same email you used previously and you will be granted immediate access.

Thank you. Please complete your registration by confirming your email address. The confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.