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Romanian Government Priorities for the Energy Sector

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OIL & GAS

Romanian Government Priorities for the Energy Sector

Lucian Petrica Rusu – State Secretary within the General Secretariat of the Government of Romania, emphasizes the main objectives of the Executive regarding the energy sector. They include reviewing how the natural resources of the country are managed and capitalized, as well as the development of energy production capacities from multiple sources. Source: EnergyIndustryReview

For the Government, ensuring the energy security of the country, modernizing and streamlining the entire production cycle, from production and transmission to distribution to the end-consumer, are a priority. Also, adopting reliable solutions to increase the percentage of the population connected to the gas network.

Mr. Secretary of State said that unlocking Black Sea investments is essential for the energy security:

We repealed GEO 114 and the next step should be the amendment of the Offshore Law by the Parliament, where to have consensus in the interest of Romania. But these amendments should be agreed by the lawmaker as soon as possible, by consensus and transparent dialogue, maximizing the benefits for all those involved. Let’s not forget the European Green Deal, under which the European Union aims to reach climate neutrality of its economy by 2050 and which puts pressure on the use of fossil fuels.

Lucian Petrica Rusu, State Secretary within the General Secretariat of the Government of Romania

Government program can support the strategic projects of Transgaz and Transelectrica. For example, Transelectrica has in progress almost 30 major investment projects.

State asked the energy transmission companies to accelerate digitization, modernization and retrofitting projects, given the energy efficiency component, so as to be financed including under the European Green Deal. For the following seven years approximately 25% of the European Union’s budget, totalling almost EUR 300bn, will be directed to projects that contribute to environmental protection and the reduction of carbon dioxide emissions. At the same time, under the Just Transition Fund of the European Union, non-reimbursable funds of EUR 4.4bn are allocated for Romania.

The energy market in Romania is stable, interconnected at European level and represents an important player in the region. Moreover, we have the most balanced energy mix in the European Union and, in the future, with the Green Deal, I expect to see consistent measures of increase in the share of renewable energy in the national energy consumption.

CNTEE Transelectrica S.A. has proven to be an important player in the Eastern European region, including in terms of interconnection of energy systems, and its consumers benefit from security of electricity supply. On the other hand, SNTGN Transgaz permanently seeks to develop the transmission networks both domestically and internationally, and I would mention here especially BRUA gas transmission corridor - Lucian Petrica Rusu mentioned in his interview to Energy Industry Review.

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