Imex Oil

FinMin Teodorovici: Capping gas prices, a communist practice up to a point, but neccesary due to no competition

The Government's intention of capping gas prices is a communist practice up to a point, but necessary, because on this market there is no competition, and companies raise prices as they please, said Thursday, Finance Minister Eugen Teodorovici, present at the White Book of SMEs launch conference.

Energy minister: Romania cannot take legal steps against Gazprom, intermediaries run the imports

Romania cannot take legal steps against Gazprom for reducing the supply of natural gas, because imports are operated by intermediate companies, also controlled by Russia, Minister Delegate for Energy Razvan Nicolescu said in an interview to the RFI radio station on Wednesday.