Romania's energy regulator, ANRE, said it decided to require local gas producers
to sell at least 20% of their output on the country's commodity market from July
15 to December 31.
A government ordinance issued in June stipulated that
local gas producers would be required to sell part of their production on the
centralised market between July 15, 2014 and December 31, 2018. As of March 15,
2015, suppliers of natural gas too will be required to sell part of it on the
centralised market. The government said at the time that ANRE would later
determine the exact amounts that the companies will have to trade on the
bourse.
By the end of October, ANRE will elaborate and approve a new
methodology setting the obligation of gas producers and suppliers to trade on
centralized markets, which will be applied from the beginning of 2015 to the end
of 2018, the regulator said in a statement posted on its website on
Thursday.
Commenting on the decision on Friday, Raiffeisen Bank said: "We
did not expect resistance to the proposed draft and thus we see the news as
neutral. We will be following closely the prices on the centralized
markets."