The Romanian Commodity Exchange announced the completion of internal procedures for the operation of the centralized gas trading market in Moldova.
In particular, the Romanian Commodity Exchange (Bursa Română de Mărfuri - BRM), the oldest private operator of centralized commodity trading platforms in Romania, announced the completion of procedures ensuring the full operation of a competitive natural gas trading platform in Moldova. It also welcomed the signing of a convention with Moldovatransgas for participation in the spot market, as well as in the medium- and long-term standardized products market managed by BRM Energy in Moldova. As noted, the signing of the convention allows, among other things, supply of natural gas for national consumption from the Romanian and European markets. It is emphasized that today all interested economic operators in Moldova can purchase natural gas transparently, at a market price, based on procedures in accordance with European best practices in this field, through a trading platform managed by BRM. The platform is ready to support the purchase of natural gas for the winter season reserves that Moldova needs, in the context of the availability of free storage facilities to store the necessary volumes of natural gas in Romania and neighboring markets. "Our company wants to support the building of a robust energy market by attracting new customers to offer the most efficient delivery alternatives, especially at this time of maximum tension in the core markets. Thus, BRM will continue to work with consumers in Moldova, as well as with companies operating in the national energy system, contributing to the security of energy supply," it said in its announcement. According to BRM, there is a concrete interest in supplying natural gas to the Moldovan market, both for domestic and industrial consumption and for the balancing component of the system. Volumes of gas can come from both the regional and European market in a broad sense. Discussions with the national regulator in the energy sector can lead to concrete steps allowing all licensed economic operators to freely buy volumes of natural gas in a real competitive market. It is emphasized that the objective of BRM is to ensure continuity of supply in all situations, in parallel to the efforts of the authorities to find solutions to compensate for the additional cost arising in the current context of the international market. As noted, this requires ensuring a level playing field for all domestic and regional players through a mechanism that stimulates real market competition without affecting consumer bills. Thus, security of supply and energy security of Moldova will be strengthened for the benefit of consumers in Moldova. BRM said it will support the Moldovan government's efforts to accelerate the diversification of the electricity market. It is emphasized that the opening of permanent electric power trade flows between Moldova and Romania will be a key step in increasing the security of electric power supply to Moldovan consumers. The Romanian Commodity Exchange was set up in November 1992. Since May 2022 BRM has been a licensed operator of the Romanian electric energy market. In RM the authority to approve, supervise and control commodity exchanges is ANRE, and BRM will operate on the basis of special permits issued by the National Energy Market Regulator (ANRE). // 15.07.2022 – InfoMarket
