Romania on its way to become EU’s largest gas producer - EURACTIV

Jan 10, 2025 07:23

Georgi Gotev

The agreement between Austria's OMV and Germany's Uniper to supply gas from the latter's Black Sea project in Romania's economic zone has put the spotlight on the country's significant gas supply potential.

The five-year deal for 15 terawatt-hours of natural gas from the Neptun Deep project off Romania's Black Sea coast, in water depths of between 100 and 1,700 metres, comes after Russia last month halted gas supplies via Ukraine and a wider reduction in European Union energy purchases from Moscow due to its invasion of Ukraine.

As reported by Reuters, the total contract volume represents about 1.5% of Germany's gas imports in 2024 and would be the first deal to underpin the long-awaited deepwater project, more than a decade after gas was first discovered in Romania's section of the Black Sea.

Russian gas pipelines to go ahead despite U.S. sanctions - REUTERS

AUGUST 3, 2017 / 1:11 PM
Oksana Kobzeva, Alissa de Carbonnel

MOSCOW/BRUSSELS (Reuters) - New U.S. sanctions will make it harder for Russia to build two gas export pipelines to Europe but the projects are unlikely to be stopped.

U.S. President Donald Trump has reluctantly signed into law further sanctions on Russia but some of the measures are discretionary and most White House watchers believe he will not take action against Russia's energy infrastructure.

This would allow Gazprom's two big pipeline projects to go ahead, although at a higher price and with some delays.

The Kremlin, dependent on oil and gas revenues, sees the pipelines to Germany and Turkey - Nord Stream 2 and TurkStream - as crucial to increasing its market share in Europe.

It also fears that Western partners - needed to develop the deepwater, shale and Arctic gas deposits that will fill the pipelines - will be scared off by sanctions.