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HomeOil & GasRomania could become largest gas producer in EU after the launch of Neptun Deep...

Romania could become largest gas producer in EU after the launch of Neptun Deep project

The Neptun Deep gas field in the Black Sea will contribute to the energy security of Romania and the region and is estimated to boost state budget revenues by approximately 20 billion euros, stated Christina Verchere, CEO of OMV Petrom.

The CEO of the Romanian oil company, mentioned that after the planned start of the project in 2027, Romania will become the largest natural gas producer in the EU. They are currently awaiting official approval of the extraction plan and various permits.

Christina Verchere emphasised that during the investment, OMV Petrom will also consider environmental aspects. “Before starting the extraction, we will assess the marine life, and if necessary, implement environmental protection measures. The gas pipeline starting from the platform will be completely buried. The onshore pipeline will also run underground, with no impact on beachgoers. After the start of extraction, a team of experts and marine biologists will continuously monitor the effects on the marine environment,” she explained.

In June, OMV Petrom and Romgaz announced that they had accepted the extraction plan for the Neptune Deep gas field, which also requires approval from the National Agency for Mineral Resources.

With an investment of around 4 billion euros, the two companies aim to bring approximately 100 billion cubic meters (bcm) of natural gas to the surface.

The Neptune Deep gas field spans 160 kilometres from the shore, at depths ranging from 100 to 1000 meters, covering an area of 7500 square kilometres.

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