Romania has the opportunity to become the largest gas producer in Europe, especially through the advantages offered by the resources of the Black Sea, Franck Neel, member on the OMV Petrom Board told on Thursday a specialized debate. "OMV Petrom is based in Eastern Europe, where we want to develop the company, in terms of energy transition.
Romgaz is ready to take over ExxonMobil's share in the Neptun Deep Black Sea offshore natural gas project, and funding that will be a mix of equity and raised money, Romgaz Director General Aristotle Jude told a news conference on Tuesday. "On March 31, we submitted an offer to take over ExxonMobil's share in the Neptun Deep block.
Romania's interest is for investment in the Neptune Deep field in the Black Sea to start in 2022, otherwise the natural gas there will lose its value, said on Thursday Director of the National Mineral Resources Agency (ANRM) Sorin Gal.
The first Romanian gas molecule in the Black Sea will be drilled this year by the Black Sea Oil&Gas company from the Aurora perimeter, and from the Neptune Deep area it will probably happen in 2025, Energy Minister Virgil Popescu said on Monday evening on private B1 TV broadcaster.
Govt must repeal ban on share sales
According to finance ministry data, the Romanian state owns 208 companies, of which 67 were loss-making as of September 30, 2020. Their combined net losses amounted to 1.97 billion lei or more than 400 million euros in the first nine months of last year. Some 54 had debts amounting to 3.92 billion lei, or more than 800 million euros.
The Austrian energy company OMV wants to sell its 287 gas stations in Germany. The company announced its intentions in Vienna on Thursday. "With this possible sale of the OMV gas station business in Germany, OMV Aktiengesellschaft is actively moving towards managing its portfolio in the direction of sustainable and profitable growth," the statement said.