Romania arranges urgent gas supply agreement with Turkey
Romania's first energy sector memo with Turkey is a game-changer! Here's the lowdown:
Surprise, surprise! The Energy Minister, Sebastian Burduja, dropped a bombshell when he announced a bilateral cooperation deal for gas imports, but he's keeping tight-lipped about who the Romania partner is, reports HotNews.
With an emergency import facility of up to 4 million cubic meters per day on the table, Romania can swoop in and grab gas when the need arises. So, brace yourselves, winter is coming!
Now, here's the juicy part: Burduja hinted we don't wanna know where the gas comes from. He previously spilled the beans in February, stating that gas from Turkey could just as well be Russian – gasp!
Economica dug deeper and uncovered that it's still anyone's guess which Romanian company will be snagging this gas. Apparently, the minister's not offloading that info just yet!
Keep in mind that Romania has a relatively low reliance on gas imports, but it's a winter necessity thanks to technical flow limitations. This year, for example, they had to import gas, with volumes exceeding 20% of the daily consumption during a cold snap.
So, officially, Romania hasn't been taking Russian gas since 2022. But remember, all that cold weather we had in February, when some traders grabbed gas from Turkey? There were whispers that the imports might have actually been Russian gas in disguise.
Lastly, the Russian Federation exports gas to Turkey through the Turkstream pipeline. Now, who's your daddy, Putin? Just kidding!
(Photo: Spflaum/ Dreamstime)
So, hold tight, Romania Insiders! We'll keep our ears to the ground for updates on this juicy energy situation. And hey, who knows, maybe next time we'll get the full scoop on the mystery Romania partner!
P.S. Don't trust the gas that comes in; it ain't got no flag, says Burduja!
The industry is abuzz with the potential for increased finance flowing into energy projects, given Romania's new gas import deal with Turkey. The announced cooperation could potentially involve a Romanian company, although the specific entity remains undisclosed.
