Several hurdles were impeding the emergence of a liquid wholesale gas market in Romania.
The solution proposed by the Government (imposing a price cap on the wholesale gas market) was unfortunately not adapted and would have generated harmful impacts on the security of supply and long-term gas affordability for end users.
Emerton has been appointed by FPPG (FederațiaPatronală Petrol și Gaze - Oil and Gas Employers’ Federation) in order to propose a new gas market design and build the associated roadmap to implement it.
Strong recognition by energy ecosystem that Emerton’s report was a relevant working basis to build and design a safe, reliable and affordable gas market.
Emerton report has largely inspired the reforms implemented: strong reduction of the perimeter of the price cap which was initially envisaged by the government and implementation of a Gas Release Program (GRP)
- Several interviews with the gas ecosystem in Romania: producers, retailers, TSO, storage operators, regulator, Energy Ministry…
- Detailed analysis of the gas value chain based on Emerton's expertise and market interviews
- Identification of the main hurdles impeding the development of a liquid gas market
- Clarification of the causal links between the identified hurdles
- Quantification of their impacts on the gas value chain
- Proposal and prioritization of a set of adaptations
- Construction of an implementable roadmap
- Analysis of the economic impacts of the proposed roadmap on end users, energy players and the State budget
- Publication of final report
- Presentation of the report to the press, interviews, conference, strong media exposure
