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Opportunities Of Capitalizing Romania’S New Offshore Gas Reserves By Increasing Domestic Consumption And Creating A Regional Gas Hub

Author

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  • PAUL CALANTER

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

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.

Suggested Citation

  • Paul Calanter, 2018. "Opportunities Of Capitalizing Romania’S New Offshore Gas Reserves By Increasing Domestic Consumption And Creating A Regional Gas Hub," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 6(2), pages 171-180, December.
    • Handle: RePEc:ntu:ntugeo:vol6-iss2-18-171
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    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_6_no_2/geo_2018_vol6_no2_art_016.pdf
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    Citations

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    Cited by:

    1. Ioana-Ancuta Iancu & Patrick Hendrick & Dan Doru Micu & Stefan Dragos Cirstea, 2023. "The Demand for Energy Imports from Non-Renewable Resources in EU-27 Economy," ULB Institutional Repository 2013/362698, ULB -- Universite Libre de Bruxelles.
    2. Ioana Ancuta Iancu & Patrick Hendrick & Dan Doru Micu & Stefan Dragos Cirstea, 2023. "The Demand for Energy Imports from Non-Renewable Resources in EU-27 Economy," Energies, MDPI, vol. 16(13), pages 1-18, July.

    More about this item

    Keywords

    hub; natural gas; policies; analysis;
    All these keywords.

    JEL classification:

    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q35 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Hydrocarbon Resources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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