Bucharest, May 14 - Neftegaz.RU. The price for the Romanian gas traded on the local market equaled in March that of the Vienna gas hub and exceeded the average price of the gas sold by Gazprom, local Economica.net reported.
This was mainly an effect of the emergency ordinance (OUG) 114/2018, which has disturbed the gas market. Initially, in December, the Government capped the price of the gas produced locally and sold to residential or industrial users, discouraging local producers, who considered cutting output.
Since last fall, Gazprom Export publishes a monthly index, which is an average of gas sales prices on its electronic trading platform (ESPGazEX). The average price published by Gazprom Export for the March transactions was EUR 18.01 per MWh of gas.