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OPPORTUNITIES OF CAPITALIZING ROMANIA’S NEW OFFSHORE GAS RESERVES BY INCREASING DOMESTIC CONSUMPTION AND CREATING A REGIONAL GAS HUB

Paul Calanter ()
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Paul Calanter: European Studies Centre, Institute for World Economy Romanian Academy

Global Economic Observer, 2018, vol. 6, issue 2, 171-180

Abstract: This paper aims to analyze the possibility of capitalizing Romania's new gas reserves by increasing domestic consumption as an input for economic growth and creating a regional gas hub. In the first part of the article it will be described the situation of natural gas production in Romania. At the same time, the prospects for possible resources in the Black Sea, concession companies and conditions of concession agreements will be analyzed. In the second part it will be presented the gas hubs in Europe which are relevant for the gas export from the Black Sea and in the last part of the paper it will be analyzed the Romania’s opportunities and chances to create a regional gas hub, from the point of view of the necessary conditions, the advantages and competitors.

Keywords: hub; natural gas; policies; analysis (search for similar items in EconPapers)
JEL-codes: Q30 Q32 Q35 Q48 (search for similar items in EconPapers)
Date: 2018-12
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol6-iss2-18-171

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