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MOL and OMV, the newest gas importers after Arad-Szeged opening

Autor: Roxana Petrescu

29.11.2010, 00:07 24

A MOL-controlled company and a subsidiary of Austria's OMV oilgroup in August and September joined the exclusive club of naturalgas importers, which had so far been made up of only two members,both Russian-held companies.
Thus, once the Arad-Szeged pipeline started operating, MOL TradeEnergy, the gas selling company of Hungary's MOL oil group, andEconGas, a subsidiary of OMV group, specialised in natural gastrading on several European markets, started bringing gas fromHungary to Romania, according to the data included in the latestreports of the Romanian Energy Regulatory Authority (ANRE).
Up until now, Romania imported gas only through pipelinestransiting Ukraine and that was exclusively brought through twointermediaries that have contracts with Gazprom Russian giant until2030.
Considering Romania last year consumed 13.2 billion cubic metres,of which around 2 billion cubic metres came only from Russianimports, the several tens of million cubic metres coming throughArad-Szeged are not raising major problems for the Russian for now.Still, the emergence of some new gas importers is a good sign,especially as the price of gas coming through Arad-Szeged is lowerthan the one Romania pays for the Russian gas.

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