The gas producers will conclude contracts on the stock exchange for a minimum 5% of gas supplied in October-December 2016

According to AGERPRES, the producers of natural gas or their affiliates will be required, in the period 1 October 2016-31 December 2016 to conclude contracts on centralized markets in Romania to sell a minimum quantity of gas from its own production by 5%, the extent to which contracts the sale of natural gas, according to a GEO draft published on the website of the Ministry of Energy.

The same obligation is laid down in the case of the suppliers. For the period 1 January 2017 to 31 December 2021, producers of natural gas or their affiliates will be obliged by law to conclude in each calendar year contracts on the centralized markets in Romania for the sale of a minimum quantity of the annual natural gas from its own production which may not be less than 40 % of the quantity of natural gas sold and delivered by them, in the calendar year concerned.


For more information, please see the Romanian version of the article, here.