Romania updates price formula under the gas release programme

Romania

Following the Romanian Energy Authority's (ANRE) approval of the gas release programme (see here for more information), ANRE has issued amendments on the gas price calculation formula.

According to this new calculation, the maximum starting price for gas selling offers will account for 95% of the previous month settlement price published by the Central European Gas Hub AG, whilst the weighted price of similar products traded after June 2020 on the centralised platforms, shall be also considered as reference price. 

ANRE has also revised the quantities due under the gas release programme by main domestic producer Romgaz SA.

For more information on this programme and its implications for your business, contact your regular CMS advisor or local CMS experts: Varinia Radu and Ramona Dulamea.