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Romania energy report

Romania energy report
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Format
2 files (PDF report, Excel file)
Pages
42 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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Overview

This analysis includes a comprehensive Romania energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Highlights

  • Romania targets around 31% of renewables in its final energy consumption in 2030.
  • Most power generation is 100% state-owned.
  • Romgaz and OMV Petrom account for more than 90% of the gas production and dominate the wholesale market.
  • Production covers 76% of the gas consumption and around 94% of lignite consumption (2021).
  • Wind and solar capacities have barely increased since 2015.
  • Energy prices remain below the EU averages, despite significant increases in recent years.
  • Total energy consumption increased by 5% in 2021.
  • The energy intensity is decreasing rapidly (twice the EU pace).
  • The country is counting on new oil and gas fields, as well as new power and gas interconnections to improve its supply.
  • A new nuclear unit could be commissioned in Cernavoda in 2031.

2nd

largest gas producer in the EU

62%

carbon-free sources in the power mix (2021)

-2.3%/yr

decrease in energy intensity since 2010

  • Institutions & Energy Policy

    The energy sector falls under the responsibility of the Ministry of Energy.

    ANRE, the Romanian National Energy Regulatory Authority, regulates the electricity and gas sectors. Since 2010, it is also in charge of energy efficiency policies.

  • Energy Companies

    Gas:

    According to Transgaz, gas consumption should increase by 1%/year between 2020 and 2030. Production should increase by 11%/year between 2021 and 2025 thanks to new gas projects coming on stream in the Black Sea, but should decline afterwards (-4.7%/year until 2030).

  • Energy Supply

    Oil:

    Oil production has been declining since 2014 by 2%/year (-4% in 2021), reaching 3.4 Mt (72 kb/d). It had been falling by almost 6%/year between 2002 and 2012 before stabilising at around 4 Mt until 2014.

    Oil imports, which had doubled between 2000 and 2019 (12 Mt), decreased by 11% in 2020. In 2021, imports increased again (+4%) to 11.3 Mt.

  • Energy Prices

    Gas:

    The price-cap on power and gas was extended until March 2023. Households consuming up to 1,200 m3 of gas will pay RON 0.31/kWh (€6.3c/kWh).

    Residential gas prices declined by 4.5%/year between 2007 and 2012, before recovering until 2019 (+3.2%/year) and dipping again in 2020 by 4.6% to €3.2c/kWh. In 2021, prices rose again to €3.9c/kWh (+23%).

  • Energy Consumption

    Energy consumption per capita is about 1.8 toe (2021), which is 36% below the EU average, and electricity consumption amounts to 2 620 kWh/cap (51% below the EU average).

    Total energy consumption increased by 5% in 2021, reaching 34 Mtoe. It decreased by 2%/year between 2018 and 2020, after an increase over 2014- 2018 (1.5%/year).

  • Issues & Prospects

    To boost its production, the country is increasingly opening up to foreign companies. Romania is a net energy importer (net imports covered 32% of its total consumption in 2021) and the Government aims to reverse that dependence.

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2021, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2021, %)
  • GRAPH 5: Gasoline & diesel prices (€/l)
  • GRAPH 6: Electricity prices for industry and households (€c/kWh)
  • GRAPH 7: Gas prices for industry and households (€c/kWh GCV)
  • GRAPH 8: Consumption trends by energy source (Mtoe)
  • GRAPH 9: Total consumption market share by energy (2021, %)
  • GRAPH 10: Final consumption market share by sector (2021, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2021, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2021 %)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2021, %)
  • GRAPH 17: Lignite consumption (Mt)
  • GRAPH 18: Lignite consumption breakdown by sector (2021, %)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

The Romania energy market data since 1990 and up to is included in the Excel file accompanying the Romania country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Romania Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Romania energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Romania country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.

Data included in the excelsheet:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.