Acasă » Oil&Gas » Neptun Deep: Romania to become a gas supplier for the entire region

Neptun Deep: Romania to become a gas supplier for the entire region

27 June 2023
Bogdan Tudorache

Romania will become a gas supplier for the entire region after the development of the Neptun Deep project, and the Romanian state could collect, over the 20 years of operation of the project, more than 20 billion euros in taxes and royalties, said the general director of OMV Petrom, Christina Verchere, during a press conference.

“It is a game changing project…especially from an economic perspective,” said Verchere.

Asked by Energynomics what are the next steps in appointing the project’s contractor, Verchere said that OMV Petrom – operator of the project – is waiting for ANRM’s decision to continue the procedures.

“The year 2027 is the year in which we expect the first quantities of gas and, in time, Romania will become the largest producer of natural gas in the European Union. The project will last approximately two decades, and the revenues brought to the state budget will support the development of society. Neptun Deep is a strategic project both for us and for Romania. It is a challenge to which we and our partners, Romgaz, are ready to respond. We have experience as both deepwater and shallowwater operators and join forces with the best quality suppliers from around the world. Together with Romgaz, we will invest up to 4 billion euro to make Neptun Deep a success. Neptun Deep will count on the best infrastructure, the most modern technologies, which at the same time protect the environment and bring safety to operations,” also said Verchere.

She mentioned that the project will support the “energy security” of the country, but also its transformation into a “very important player” on this market.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

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