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| FUTURE ENERGY, ENERGY FOR THE FUTURE 25/04/2008 |
| (2008-04-25) |
| Last updated: 2008-04-30 14:20 EET |
Energy, the price of imported gas, carbon emissions, the search for alternative modes of transports, ways to reduce consumption – these are all topical issues nowadays, for the authorities and ordinary people alike. For some time now, the EU has tried to reduce its dependency on Russian gas. Concurrently, each EU member state is trying to find alternative solutions. The President and CEO of “Gaz de France”, Jean Francois Cirelli, the main shareholder in the Romanian gas utility Distrigaz South and the only independent operator of gas storage deposits in Romania, paid a short visit to Bucharest to present the Romanian officials with the strategy of the company he runs.
Jean Francois Cirelli said this strategy is not under any constraints of a set investment budget for the Romanian energy sector, with the value and number of projects depending exclusively on the market opportunities. Additionally, Gaz de France also intends to enter the electricity production market and to get involved in developing connections between Romania’s gas networks and those of Hungary and Bulgaria, as well as starting up wind-energy projects. The group is also interested in investing in gas storage deposits in salt mines.
Cirelli has said the group he runs will continue to invest in Romania and underlined that the company’s annual investment stands at around 80-100 million Euros. Cirelli believes one of Romania’s significant advantages is that two thirds of its gas consumption is covered by domestic production. However, in the more or less distant future there will be a greater dependency on foreign sources. Therefore, identifying new import sources has become a necessity. Cirelli has estimated that in ten years’ time, Romania will be 70% dependent on imports, given that Romania’s annual consumption stands at 18 billion cubic meters of gas.
One third of the imported gas is supplied by the Russia giant Gazprom. The president of Gaz de France has said France supports any gas supply project, including the South Stream project, although the Nabucco project, backed by the EU, has the advantage of bringing gas from outside Russia and of creating connections with new countries. Cirelli stated that although France’s proposal to be part of the Nabucco project was turned down, Gaz de France is still interested in participating.
In February, Romania’s President Traian Basescu assured the visiting French president, Nicolas Sarkozy, of Romania’s support for the French state-owned company in its efforts to join the project, alongside companies from Austria, Hungary, Bulgaria and Turkey. However, Cirelli noted that France also takes into consideration another major project – namely, the South Stream project, which will convey Siberian gas to Southern Europe, because it is interested in identifying a range of gas supply sources. The project, whose total value exceeds 10 billion Euros, is to be carried out by the Russian giant Gazprom for the Italian group ENI. For the moment, only Bulgaria, Hungary and Serbia are participating in the project, alongside Russia.
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