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Prime Minister Ilie Bolojan cited three key reasons for this decision.
First, Romania is set to double its domestic gas production capacity next year, which will render the country virtually energy independent. „The best time for liberalization is when supply is sufficient,” Bolojan explained.
The second reason is inflation. Any increase in energy prices puts upward pressure on inflation. The government aims to reduce the inflation rate while also decreasing the budget deficit.
The third reason pertains to the ongoing war in the Gulf, which is disrupting global oil and gas supplies and causing price increases in international markets. Where Romania can intervene, such as in the gas market, the government has opted to take action.
Bolojan also announced that a plan to reduce electricity prices will be presented by the end of March. These measures aim to unblock network capacities, increase storage capabilities, and accelerate investments in energy producti...
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