2018

The analysis carried out in this report shows that the manner in which the NECP draft accommodates the net increases in electricity generation capacity by 2030 for virtually all forms of primary energy – except for the natural gas units, whose aggregate capacity stagnates, and of coal, for which an implausibly low decrease is expected – is to rely on a massive increase in final energy consumption to 341 TWh in 2030 compared to 269 TWh in the PRIMES 2016 projection, and 300 TWh in the Romanian Energy Strategy 2019-2030, with an Outlook to 2050

One of the most important outcomes of this legislative act is the requirement for governments to produce Integrated National Energy and Climate Plans. These plans must elaborate on the main priorities, strategies and actions to be taken within a 10-year period, covering all the five main areas of the Energy Union (security of supply, the internal energy market, energy efficiency, decarbonisation, and research and innovation).

One of the most important outcomes of this legislative act is the requirement for governments to produce Integrated National Energy and Climate Plans. These plans must elaborate on the main priorities, strategies and actions to be taken within a 10-year period, covering all the five main areas of the Energy Union (security of supply, the internal energy market, energy efficiency, decarbonisation, and research and innovation).

This analysis details the relevance of each component in the mix, explaining how gas shortages are usually dealt with, and presents the next regulatory steps essential to cover gas demand.

In a market economy, the term hub generally refers to the intersection of several commercial routes, where an abundance of merchandise from various sources prompts the closing of many deals “on the spot,” transparently, with amounts and prices known to all traders present.

This report analyzes the current natural gas sector from the point of view of reserves, infrastructure and market setup. The study also addresses the prospects for the evolution of different segments of natural gas consumption by 2030 and provides appropriate policy and regulation recommendations which would lead to the value-added capitalization, on the Romanian Market, of the expected Black Sea natural gas production but also of onshore deposits.

The post COVID-19 economic recovery represents a unique opportunity for setting Romania on a path of sustainable economic growth and for ensuring its competitiveness in a future decarbonised EU economy.