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Category: Energy
The cold weather and snowfalls in Europe are forcing traders to more actively extract gas from underground storage facilities – since the beginning of the heating season more than 30 billion cubic meters have already been pumped out of UGS, according to Logos Press.
On Friday, January 9, Romania imported 12.3 million cubic meters of gas and exported 7.6 million cubic meters (5.6 million to Moldova and 1.1 million cubic meters each to Ukraine and Hungary), Logos Press reported.
For the second day in a row, oil futures on global markets rose amid uncertainty over oil supplies from Venezuela and over developments in Iran, Logos Press reported.
Most of the gas passing through Romania no longer flows to Hungary but is diverted to Ukraine and the Republic of Moldova,” Logos Press reported.
Moldovan Deputy Prime Minister and Foreign Minister Mihai Popşoi said that Moldova has gained access to a competitive gas market and is not going to return “to the vulnerability it has faced over the past 30 years”, Logos Press reports.
At the beginning of January 2026, there are 10.7 billion m3 less gas reserves in European underground gas storage facilities than a year ago, Logos Press reported.
On New Year’s Eve, December 31, 2025, the first offers for balancing electricity were submitted and the transactions were registered by the state enterprise Moldelectrica, Logos Press reported.
The maximum capacity of interstate cross-sections for importing electricity from the European Union to the common regulatory block Moldova-Ukraine has increased to 2,450 megawatts, Logos Press reported.
The global oil market is eagerly awaiting the Jan. 4 online meeting of OPEC+ countries, which will assess the current situation in oil products trade and set oil production policy for 2026, Logos Press reported.
The supplier of last resort for natural gas, Energocom JSC, has purchased 8.33 million MWh of natural gas, equivalent to about 782 million cubic meters, between May and December 2025 to fully meet the national gas demand until September 30, 2026, Logos Press reported.
During 2025, state-owned Energocom purchased more than 3,400 thousand MWh of electricity as part of its utility obligations, of which about 90% was imported, Logos Press reported.
The Energy Community Secretariat has launched a new Renewable Energy Acceleration Center (REC), a regional body designed to provide technical support to all Community Contracting Parties in accelerating the deployment of renewable energy through improved planning and coordination, Logos Press reports.
