This was stated by Ion Sterian in an interview with Mediafax.
“There are no problems with the supply of natural gas to Romania. First, the consumption has fallen below 40 million cubic meters per day, with warming it has reached 39-40 million cubic meters per day, and is covered by domestic production and storage, which demonstrates the importance of gas storage facilities that allow Romania to ensure gas consumption regardless of global and geopolitical conditions,” Ion Sterian said.
Romania has about one billion cubic meters of gas in storage
According to the head of Transgaz, Romania’s gas storage facilities still hold about one billion cubic meters of natural gas, which is about 33% of the total storage capacity.
These reserves, along with domestic production, are sufficient to cover consumption until the end of the cold season, which officially ends on March 31.
“Even if it wasn’t warm, we would be able to cope. If production was 25-30 million cubic meters per day during the frosty days, now, for tomorrow, production from storage will be 17.5 million cubic meters. We still have about one billion cubic meters of gas stored, which is about 33% of Romania’s total storage capacity, and this is a very good indicator,” Ion Sterian explained.
Moldova and Ukraine are saved by the Vertical Corridor
Sterian said that tensions in the Middle East and possible restrictions in the Strait of Hormuz do not affect gas transit through the Vertical Corridor.
“Gas transit is in no way affected by tensions in the Middle East and restrictions in the Strait of Hormuz,” he said.
The Vertical Corridor and the Trans-Balkan Corridor transport gas to Ukraine, the Republic of Moldova and a number of Central and Eastern European countries.
Ion Sterian emphasized that the Vertical Corridor and Trans-Balkan Corridor projects are the most important elements of energy security in Eastern Europe.
It allows diversifying the sources of supply and reducing dependence on Russian gas, while contributing to the energy security of Romania, the Republic of Moldova and Ukraine.
The Vertical Corridor mainly transports liquefied natural gas from the United States through LNG terminals in Greece.
The current capacity of the corridor is approximately 5.03 billion cubic meters per year, which will be increased to 9.41 billion cubic meters in the next phase and to approximately 27 billion cubic meters per year in the final phase.
Gas prices on European exchanges increased
Although supplies have not been affected, the conflict in the region has affected gas prices on European exchanges.
According to official data, quotations increased significantly on several regional markets between February 27 and March 2, 2026:
ENEX Greece – up 18%
Balkan Gas Bulgaria – up 30%
CEEGEX Hungary – up 33.3%
CEGH Austria – up 31.2%
BRM Romania (where Moldova buys gas) – up 37.3%
On March 3, the growth is even higher:
CEGH Austria – up 57.5%
BRM Romania – up 51.7%
Thus, Moldova will have gas, but it is likely to become very expensive, as Energocom buys it not under long-term contracts, but on the free market.
