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An Overview of the Gas Market in Romania in the Context of the Liberalization Process

Author

Listed:
  • Alexandra Catalina NEDELCU

    (Bucharest University of Economic Studies)

  • Mihail BUSU

    (Bucharest University of Economic Studies)

Abstract

Romania has the largest natural gas market in Central Europe, and it is known as the first country to use natural gas for industrial purposes. The natural gas market reached high records in the early 1980s because of the implementation of government policies aimed at removing import dependence. The enforcement of these policies led to an intensive exploitation of domestic resources, resulting in a decline in domestic production. In the context of radical structural and institutional reforms that characterized the Romanian economy after 1989 and aimed at decentralizing services to increase their quality and efficiency, the Romanian energy market was gradually opened to competition, as an integral part of the concept of liberalization of the national economy and free movement of goods and services. In this paper, the authors are making an analysis of the gas market in Romania, from the perspective of the liberalization process.

Suggested Citation

  • Alexandra Catalina NEDELCU & Mihail BUSU, 2022. "An Overview of the Gas Market in Romania in the Context of the Liberalization Process," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 23(2), pages 231-241, May.
    • Handle: RePEc:rom:rmcimn:v:23:y:2022:i:2:p:231-241
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    References listed on IDEAS

    as
    1. Nela Vlahinic Lenz & Ivana Grgurev, 2017. "Assessment of Energy Poverty in New European Union Member States: The Case of Bulgaria, Croatia and Romania," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 1-8.
    2. Adrian Tan?ãu & Ana-Maria Iulia ªanta, 2019. "Best Practices for a Sustainable Energy Sector at European Union Level – Chances and Challenges for Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(52), pages 697-697, August.
    3. Haar, Laura N. & Marinescu, Nicolae, 2011. "Energy policy and European utilities' strategy: Lessons from the liberalisation and privatisation of the energy sector in Romania," Energy Policy, Elsevier, vol. 39(5), pages 2245-2255, May.
    4. Mihail Busu, 2020. "A Market Concentration Analysis of the Biomass Sector in Romania," Resources, MDPI, vol. 9(6), pages 1-10, May.
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    More about this item

    Keywords

    Gas Market; liberalization process; final consumers; regulation; competition;
    All these keywords.

    JEL classification:

    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities

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