News listings

energy-pedia general news

Romania flagRomania

Europe / Caspian / CIS >>> Romania

Romania: OMV Petrom and Transgaz sign a transport contract for the delivery of the natural gas from the Black Sea to the National Transport System

16 Mar 2023

  • The contract will run for a period of 17 years and stipulates capacity booking and providing transport services of natural gas
  • The value of the contract is 1.4 billion lei (approx. EUR 276 million), based on the transport tariffs applicable at the current date
Photo - see caption

OMV Petrom, the largest integrated energy company in Southeast Europe, has announce the signing of a contract for the natural gas delivery from the Black Sea to the National Transport System (NTS), through the Tuzla entry/exit NTS point.

The contract was concluded for the period September 2026 – September 2042.Based on the transport tariffs applicable at the current date, the value of the contract is estimated at EUR 276 million. The signing of the contract took place after the successful completion of the incremental capacity booking procedure for the Tuzla entry/exit NTS point.

Christina Verchere, OMV Petrom CEO: 'Today we took an important step together with our partners. We believe the Black Sea holds a significant potential for natural gas and Neptun Deep is a strategic project for OMV Petrom and for Romania. It is at the core of our Strategy 2030 and will play an essential role for Romania's energy security. We are planning the final investment decision for mid-2023, with the production to begin in 2027.'

OMV Petrom became the operator of the Neptun Deep block in August 2022. At the end of 2022, the company submitted the declaration of commerciality for the field. Currently, the company is progressing with the tendering process, permitting and other technical topics.

Original article link

Source: OMV Petrom

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 257

Completed Deals

Completed Upstream Deals: 6519

Company Profiles

Current Company Profiles: 2904

Corporate Activity

Current Corporate Activity articles: 4101

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1642


Current Geostudies articles: 946

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Rose & Assocs 180
Union Jack Oil 149
Government of South Australia
Telos NRG
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675