News about Gas
Indian refiners bought about 30 million barrels of Russian crude after the U.S. gave the green light for such deals, with the price topping Dated Brent by $2-8 a barrel, Bloomberg wrote, citing informed sources.
The Board of Directors of the National Energy Regulatory Agency (NERA) approved the regulated revenues associated with natural gas distribution services for 2026 and the uniform rates for natural gas distribution services in effect nationally at a public meeting on March 10, 2026.
The National Energy Regulatory Agency (NERA) has set fuel price caps for March 11, 2026.
Amid US President Donald Trump’s predictions about the imminent completion of the active phase of the operation against Iran, oil prices fell by 6.5%. Brent futures fell to $92.45 per barrel and US WTI to $88.65. He sees the temporary rise in oil prices as a small price to pay for security.
US President Donald Trump has said the US-Israeli operation against Iran will end soon.
A complete ban on imports of liquefied natural gas (LNG) from Russia by EU countries will come into force on January 1, 2027. In the meantime, Europeans are actively buying Russian LNG.
The escalating conflict in Iran has already caused fuel and energy prices to rise and stock markets to plummet.
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.
