EU Urges Romania To Set Up Natural Gas Bourse
The European Commission is urging the Romanian government to step up the deregulation of natural gas and electricity, recommending the authorities develop a trading exchange in the gas market, similar to the one already in use for energy transactions.
“Limited progress was made in the energy area… It was proposed to closely involve the Competition Council and to develop a trading exchange in the gas market, as wholesale gas markets improve transparency and allow prices to reflect market conditions,” the Commission said in a report.
It said another related issue is to remove the physical barriers to gas trade. The process must be concluded as soon as possible, because in this particular field Romania’s progress is non-existent, the Commission added.
“These conditions are crucial to ensure the success of price deregulation and for Romania to be part of the EU internal market,” the report noted.
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