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04.02.2011 8:50
Romania Would Not Liberalize Natural Gas Prices after the Request of IMF
Currently the national regulator ANRE even sets production prices for gas producers OMV Petrom and Romgaz Medias

  • © Transgaz Romania

Romania would not liberalize natural gas prices at this time, since this is a measure to be implemented gradually, Karoly Borbely, secretary of state within the Economy Ministry, said yesterday, cited by the news agency Mediafax. “The IMF can request it, but the Government does not agree. This is not a measure to be taken from one day to the next. We firmly reject this idea,” Borbely added.

He also said that natural gas prices liberalization is currently being discussed, but the measure needs to be implemented gradually. IMF representatives approached local authorities this Tuesday proposing the liberalization of natural gas prices, while maintaining regulation on household and captive consumer prices, Mediafax reminds. The ministry said in a release the proposition was taken into consideration, but a decision is pending.

Economy minister Ion Ariton said after the meeting with the IMF that deregulating tariffs for electricity and natural gas does not necessarily lead to higher prices for household clients. In 2010, the national energy regulatory commission ANRE said it would order a survey to analyze the impact of a potential gas and electricity price deregulation. According to ANRE’s regulations, all local power producers must sell electricity to households at prices established by the agency. Moreover, the agency sets production prices for gas producers OMV Petrom (SNP.RO) and Romgaz Medias.

TAGS: natural gas | Romania | deregulation | liberalization | ANRE | OMV | Petrom | Romgaz | IMF | Ion Ariton 

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