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Romania's energy sector requires USD 34 billion investment by 2030

Staff Writer |
Reuters reported that Romania's energy sector needs as much as EUR 30 billion of investment in power, oil and gas production, mining and related infrastructure by 2030 to replace outdated plants and meet rising demand.

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The European Union state is one of the bloc's most energy-independent countries as a net exporter of power, although it has to import oil and about 10 percent of its gas needs.

The 2019-2030 energy strategy draft, for which the energy ministry is awaiting feedback by the end of this month, looks at investment in gas and power networks, interconnections and energy production.

The investment needs are estimated at 15 to 30 billion euros by 2030, with an additional 15 billion potentially needed between 2031-2050, the draft said.

But government policy towards investors has been unpredictable, making it hard for energy developers to draft long-term strategies and deterring investment.

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