Romgaz and Petrom stand to gain from IMF's gas price hike proposal

Petrom and Romgaz, the two major domestic producers of natural gas, would be the big winners in case gas prices were liberalised and would reach a level similar with that at which imports from Russia are operated.

Theoretically, each company could collect around 750m euros more. Practically, though, market specialists and Economy Ministry representatives say IMF's proposal on the liberalisation of gas prices is just a recommendation and that it will most likely not materialise.
"It's just a proposal and it needs to be analysed by the National Energy Regulatory Authority (ANRE). If it is viable, we shall see how we can put it into practice, if not, we won't. There is nothing set, it's just a discussion," explained the Economy Ministry representatives.
Moreover, they specified there was no official talk at the Government level, with the proposal exclusively coming from the IMF.
In Romania, internal production gas is sold at a price recommended by the ANRE, which is two times lower than that of gas imported from Russia.