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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Gazprom hints at rising natural gas prices this winter

Natural gas prices in Europe, already at a high level, could rise even more due to low gas storage capacities, the head of the Russian Gazprom group, Alexei Miller, warned on Friday, Wall-street.ro reported.

Miller said demand for natural gas is rising. He described natural gas as a "clean fuel" that could support the transition to greener energy.

Europe's gas storage capacity is currently 22.9 billion cubic meters (bcm) below normal.

"It's a lot, all experts say that Europe will not be able to close the gap and increase the level of stored gas. Europe will enter the autumn-winter period with a deficit in underground storage capacity," the Gazprom chief said.

"Of course, the situation has an impact on prices, and we see that in Europe prices are breaking all possible records. It is even possible to break new records," Miller said.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Gazprom hints at rising natural gas prices this winter

Natural gas prices in Europe, already at a high level, could rise even more due to low gas storage capacities, the head of the Russian Gazprom group, Alexei Miller, warned on Friday, Wall-street.ro reported.

Miller said demand for natural gas is rising. He described natural gas as a "clean fuel" that could support the transition to greener energy.

Europe's gas storage capacity is currently 22.9 billion cubic meters (bcm) below normal.

"It's a lot, all experts say that Europe will not be able to close the gap and increase the level of stored gas. Europe will enter the autumn-winter period with a deficit in underground storage capacity," the Gazprom chief said.

"Of course, the situation has an impact on prices, and we see that in Europe prices are breaking all possible records. It is even possible to break new records," Miller said.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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