Acasă » General Interest » Ministry of Energy: Feasibility study for the SOCAR-Romgaz LNG terminal was completed

Ministry of Energy: Feasibility study for the SOCAR-Romgaz LNG terminal was completed

4 March 2024
General Interest

The feasibility study for an LNG terminal at the Black Sea, on the Romanian coast, was completed with positive results. This project, in which SOCAR and Romgaz are partners, will be an alternative to the Southern Corridor, with the potential to bring 8-9 billion cubic meters of gas to Romania every year, reports the Ministry of Energy.

“Next is the identification of the financing structure and the detailed design. Romania supports this initiative. We can have a floating LNG terminal like the Greeks did at Alexandropoulis,” said minister Sebastian Burduja.

He attended the ministerial meeting of the Southern Corridor, “the mega-project of more than 40 billion EUR, which brings Azeri gas, through Turkey, to Europe, reducing the dependence of the European continent on Russian gas. The meeting of the initiators of the Green Corridor took place in parallel – the continuous current cable that will connect Azerbaijan to Georgia, under the Black Sea, through Romania and to the Hungarian neighbors.”

“We had bilateral meetings with counterparts from Azerbaijan, the Republic of Moldova, Serbia and Slovakia, but also with a number of global companies in the energy sector: SOCAR, TAQA, MASDAR.

“Our objectives here were to ensure Romania’s role as a regional leader in the energy sector, to diversify the routes to Romania and to succeed, with the completion of these large projects, to ensure Romanians’ access to gas and electricity at a price as low as possible little. Moreover, by becoming an energy hub, Romania strengthens its geostrategic position for the entire region. We can export even more energy, and that means jobs and development for Romanians,” says Burduja.

At the same time, TAQA and MASDAR companies from the United Arab Emirates are extremely interested in investing in Romania.

“Their portfolio of projects is worth billions of dollars. Romania offers multiple possibilities: from the East-West direct current interconnector, which will connect the future units 3 and 4 from Cernavodă and the wind power plants in the Black Sea to the European energy system, to floating photovoltaic panels on the reservoirs of Hidroelectrica and the Tarnița project – You’re sloppy. It remains to make it concrete through concrete investments.”

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