GdF Suez' Romanian investments reach EUR 600 mln, more to follow if market becomes predictable

Energy company Gas de France Suez has invested EUR 600 million in Romania since its market entry in 2005 and could up its investment volume given the country offers correct pricing and legislative predictability, said the company's president for South Eastern Europe, Eric Stab. “We are prepared to invest more in Romania if certain conditions are fulfilled. You need to build the trust and confidence investors need, because Romania is competing against other countries in terms of attracting investments,” said Stab, who attended the Regional Energy Forum which took place in Romanian seaside resort Neptun. Romania could even become a central point for energy transfer for countries in the region, if the market rules are the appropriate ones, said Stab. “The investments will be made if the pricing is attractive and if there are the adequate mechanisms on the market. The market is not incompatible with the social issues,” he added. But he expects pricing in the sector to grow. “In Romania, the prices are low because you are lucky enough to have resources, but they need to grow,” said Stab. GdF took over Distrigaz Sud from the Romanian state in 2005.