Mediaș
Romania Plans to Export Black Sea Gas to Moldova, Region
Romania's Energy Minister, Virgil Popescu, on Wednesday said Romania will produce more natural gas than it needs once it starts extracting gas from the Black Sea area - and will then be in a position to export to countries in the region, with Moldova a priority.
BRUA gas pipeline project phase 1 completed with 21 pct economy over value auctioned (Transgaz)
The project of the BRUA gas pipeline, the first phase, concluded at the value of 377.4 million euro, 21 pct, or 101.1 million euro, more economical than the value at auction, according to a release of Transgaz sent on Wednesday to the Bucharest Stock Exchange (BVB).
WEC's Iancu: Romgaz can support Black Sea offshore drilling investment, should be operator
Romanian gas producer Romgaz has the capacity to support investment in the Neptun Deep deep-water offshore gas field development project in the Black Sea and should be the operator of this project, Chairman of the Romanian National Committee of the World Energy Council Iulian Iancu told a news briefing on Tuesday.
Energy minister discusses with ExxonMobil officials on collaboration with Romgaz in carbon storage area
Energy Minister Virgil Popescu met on Wednesday with the representatives of the US company ExxonMobil, and one of the topics of discussion was the collaboration with Romgaz in the field of carbon storage, according to a post on the minister's Facebook page.
Romgaz, ready to take over offshore drilling project amid unexpectedly high interest of banks
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.
ANRE: Total investments of over 1.6 billion lei in gas networks, for 2021
Romanian gas distribution and transmission companies will invest a total of 1.6 billion lei under 2021 projects, according to a press release of the National Energy Regulatory Authority (ANRE), sent to AGERPRES on Monday.
ANRM: Romania's interest is in Black Sea natural gas investment to start in 2022, or deposits will devalue
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.
Romgaz posts net profit rising by 15% and business dropping by 19.8%, for 2020
The gas producer Romgaz obtained last year a net profit of 1.25 billion RON, rising by 15.14% from 2019, but the company's turnover has gone down by 19.79%, to 4.07 billion RON, given that the quantity of natural gas sold was 10.1% smaller.
EnerMin Popescu: First Romanian gas molecule from Black Sea perimeter to be drilled this year
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.