Romanian Distrigaz Sud To Ask For 20% Gas Price Hike Oct 1

Gas distributor Distrigaz Sud, majority-owned by French utility Gaz de France, will ask Romanian energy watchdog ANRE to hike gas prices by some 20% on October 1, given that imported natural gas price will continue to increase by yearend, Distrigaz Sud general manager, Bernard Arnaud, said Tuesday."We will continue to report losses and we will ask for their recovery as soon as possible. The company reported 80 million lei (EUR1= 3.6475) losses since the beginning of the year and it will ...

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