Inteligencia y Seguridad Frente Externo En Profundidad Economia y Finanzas Transparencia
  En Parrilla Medio Ambiente Sociedad High Tech Contacto
Economía y Finanzas  
14/05/2017 | Romania Inaugurates Biggest Gas Reserve In Decades

Ana Maria Touma

Politicians and gas company chiefs have attended the official presentation of the country’s biggest natural gas deposit in three decades – as Romania furthers its bid to become a regional energy hub.


Romanian energy company Romgaz on Thursday inaugurated Romanian’s biggest onshore natural gas deposit in three decades, with Prime Minister Sorin Grindeanu and ruling Social Democrat chief Liviu Dragnea attending, the government announced.

Romgaz, Romania’s most profitable state-owned company, announced the discovery of the deposit estimated at 150 to 170 million boe – barrels of oil equivalent – in Caragea, Buzau county, northeast of Bucharest, in June 2016.

The new deposit is set to brighten the company’s prospects after its net profit dropped in 2016 by 14 per cent, due to higher imports, lower demand for gas in key sectors and a global decrease in gas prices.

Production also dropped by a quarter and sales were down by 17 per cent last year.

The gas company, together with Austrian-owned OMV Petrom, control almost all natural gas production in Romania. According to Romgaz, the company is continuing to explore seven on-shore locations in the country.

OMV Petrom, the largest oil and gas producer in Southeastern Europe, together with Romanian Hunt Oil Company last year also started the experimental exploitation of a gas deposit, also in Buzau region, where the group has invested 17 million euros.

In the next couple of years, Romania is also set to start exploitation of gas in two sites in the Black Sea. Black Sea Oil&Gas, a Romania-based company of Carlyle International Energy Partners, is set to start gas exploitation in 2018. US company Exxon and Romania’s biggest oil company OMV Petrom will follow suit in 2020.

To facilitate the extraction of natural gas from the Black Sea, the country is also due to start construction of the BRUA [Bulgaria – Romania – Hungary – Austria] project by the end of the yea. Works are scheduled to finish at the end of 2019.

According to Energy Minister Toma Petcu, once off-shore exploitation kicks off, Romania could become a regional energy player. Romania accounts for almost 80 per cent of naural gas produced in Southeast Europe.

Balkan Insight (Organismo Internacional)


Otras Notas Relacionadas... ( Records 1 to 10 of 1222 )
fecha titulo
04/06/2017 Las discutibles razones económicas de Trump para dejar el acuerdo de París
03/06/2017 Has Permian Productivity Peaked? – Analysis
03/06/2017 A Carbon Cost: Germany’s Energy Transformation
03/06/2017 French Emissions: Nuclear Limitations
24/05/2017 Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020 – Analysis
23/05/2017 Energy And Climate In 2017: Limited Volatility, Climate Implementation And Political Uncertainty – Analysis
23/05/2017 Análisis: La revolución sin fin de las energías renovables
21/05/2017 China’s Energy Security: Reality Roadblock In Ethiopia – Analysis
27/04/2017 Better energy, greater prosperity
20/04/2017 La reforma energética mexicana y la debilidad de los reguladores

Center for the Study of the Presidency
Freedom House