Gas

Tehran is experiencing a “temporary shortage” of fuel amid U.S.-Israeli airstrikes, according to the governor of Iran’s capital province. Residents have been urged to refrain from unnecessary travel and save fuel.

Export and re-export of gasoline and diesel fuel from Giurgiulesti port may be restricted if stocks fall below 8,000 tons of gasoline and 25,000 tons of diesel fuel. Under the same conditions, ship bunkering services will be suspended.
This is reported by the National Crisis Management Center.

The first signs of gas supply problems have appeared in Europe: Transnistria, which broke away from Moldova, warns of gas shortages. The situation is likely to deteriorate further if LNG supplies from the Middle East are not resumed soon, which is an extremely unlikely scenario at the moment.

Oil quotations continue to grow amid the conflict in the Middle East. Qatar’s Energy Minister Saad Sherida al-Qaabi warned that the price of oil could rise to $150 per barrel.

Against the background of military actions in Iran, fuel prices are rising in Germany. The cost of diesel in the country averages 2.054 euros per liter. Gasoline of Super E10 grade rose to an average of 1.991 euros at the morning peak, Logos Press reports citing DW.

The director of the Romanian company Transgaz, Ion Sterian, has assured that Romania currently has no problems with natural gas supplies despite the escalation of the war in the Middle East. The head of Transgaz said that consumption is covered by domestic production and storage facilities, while gas transit to Ukraine and Moldova continues as usual.

On the initiative of the National Crisis Management Center and in accordance with the appeal of the Ministry of Energy and the National Energy Regulatory Agency, the government imposed a 60-day high alert regime in the energy sector.

Official Beijing has moved into a phase of active diplomatic pressure, demanding that the parties to the Middle East conflict immediately ensure the safety of navigation in the Strait of Hormuz.

Against the background of expensive energy resources, Energy Minister Dorin Jungietu on a business trip to Baku was primarily interested in the construction of large wind farms in Moldova (total capacity of 170 MW) and the integration of energy storage systems (BESS).

Representatives of several large energy and construction companies from Greece, at a meeting with the leadership of the Moldovan Energy Ministry, expressed interest in investing in Moldova.

Exchange prices for gas in Europe on Monday afternoon sharply accelerated growth – up to 32%, exceeding $515 per thousand cubic meters. The main reason – the world’s largest gas supplier, Qatar’s state-owned energy company QatarEnergy announced that it would stop producing liquefied natural gas (LNG) at all of its facilities due to drone attacks on its facilities.

Romanian Energy Minister Bogdan Ivan claims that the Vertical Corridor could bring Romanian companies additional profits of up to 250 million euros a year.

The global energy sector is bracing for the most significant disruption in four years. As the conflict in Iran escalates, the Strait of Hormuz, the world’s most important transportation artery for liquefied natural gas (LNG), has come to a near standstill. Iran has characterized the waterway as “virtually closed,” effectively blocking 20 percent of the world’s LNG supply.

The military campaign of Israel and the United States against Iran, which began on February 28, increases the risks of supply disruptions and contributes to the growth of oil prices. In this regard, OPEC+ will consider tomorrow, March 1, a larger increase in supply from as early as the second quarter of 2026, Bloomberg reported citing a delegate.

Starting from Monday, March 2, 2026, the Consumer Relations Center of “Moldovagaz” JSC, located in Chisinau at 64, Pushkin St., will suspend its activity.

Budapest and Belgrade have decided not to wait for the resumption of Druzhba and have moved on to the active phase of a joint energy project to build an oil pipeline to pump Russian oil bypassing Ukraine, Logos Press reported.

Moldova and 11 other Central and Southeastern European countries signed a joint declaration with the United States in Washington on strengthening the security of natural gas supplies and ensuring affordable prices in the region, Logos Press reported.

During his visit to Washington, Energy Minister Dorin Junghietu met with representatives of the World Bank (WB) and and Carlyle Group, Logos Press reported.

Greece expects to become the main hub for liquefied natural gas exports to Europe after the EU’s rejection of Russian gas. It has three main trump cards for this, including ties with the US.

Moldova is open to participation in the Caspian-Black Sea-Europe energy corridor project and is also considering the possibility of purchasing liquefied natural gas (LNG) from Azerbaijan, Logos Press reported.