The cost of natural gas on European hubs (Day-ahead):

TTF – 26.91 EUR/MWh ($306) (+1.6%)

THE – 27.27 EUR/MWh ($310) (+1.5%)

CEGH – 28.24 EUR/MWh ($321) (+1.3%)

PEG – 26.51 EUR/MWh ($301) (+0.8%)

The cost of natural gas on European hubs (Futures Month June):

TTF – 27.00 EUR/MWh ($307) (+2.4%)

THE – 27.67 EUR/MWh ($314) (+2.2%)

CEGH – 28.57 EUR/MWh ($325) (+2.7%)

PEG – 26.48 EUR/MWh ($301) (+2.3%)

Results of natural gas purchase from domestic production by NJSC "Naftogaz of Ukraine" :

June 2023

Volume (UGS) - 3 million cm

Weighted average price (net of VAT) - UAH 10 560 ($289)

Volume (GTS) - 5 million cm

Weighted average price (net of VAT) - UAH 10 560 ($289)

Total purchased since April 26, 2023 - 614.3 million cm

Fiscal policy in the gas production industry of Romania


The Verkhovna Rada Committee on Fuel and Energy Complex, Nuclear Policy and Nuclear Safety hosted a round table discussion "Own Gas for Independence: How to Achieve the Goals". Participants: MPs, representatives of the Government, experts, relevant Associations listened to the speech given by the PWC Tax Director, Romania, Andreea Mitirita. In her speech, she pointed out that there are three systems of upstream taxation in the world: income, profit, and a combined system of these two taxes.

In Romania, tax rates in the sector range from 3.5 to 13%. The representative also announced Romania's plans to increase production, which is now at 10 billion cubic meters per year with a decline of 10%. Today, OMV and Exxon Mobile have announced the successful reserves discovery at the Domino block in the Black Sea. It is also planned to provide new licenses by the National Agency for Natural Resources of Romania through new tenders for 28 onshore blocks and 8 offshore Black Sea blocks. In a conclusion, she pointed out the importance for investors of pure, stable and predictable rules in fiscal policy for the production sector and transparent tenders for new concessions.

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