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Gas prices in Romania to reach new peak next winter due to soaring oil price, says E.ON

The prices for natural gas will reach new high during the next winter, due to the surge in oil prices, E.ON Romania's CEO Frank Hajdinjak said. cited by Agerpres.

2018-05-25 11:45:37

"In Romania, the price of imported gas is related to crude oil prices, which have grown a lot lately, so we expect the price to rise significantly during winter, that is clear. The import of gas will have an impact in the final price," Hajdinjak said.

The CEO pointed out that there is no real competition on the Romanian gas market, with only two domestic producers - Romgaz and OMV Petrom -, and the price of local gas will tend to rise to the level of import price.

"There is a high risk that the domestic production price plus the storage tariff will reach the import price level," Hajdinjak estimates.

During the last winter, the price of imported gas was 20 percent higher than in the previous winter, due to the increase in oil quotations.



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