Romania, historically one of the world’s main energy producers, became a net importer of oil and gas in the 1970s when production started to declined. However, Romania is still luckier than other Central and Eastern European countries in terms of energy dependence. With regards to natural gas supplies, about 75 per cent are produced domestically, and the rest is imported. To compare, all of its neighbours – Ukraine, Moldova, Hungary, Serbia and Bulgaria – are almost completely dependent on imported gas from one source: Russia.
April 3, 2014 - Ariz Huseynov