Romania’s Neptun Deep FID: can it be a regional gamechanger?
In June 2023 Neptun Deep partners OMV Petrom & Romgaz took FID on this $4.4 bn project to monetise a recoverable gas resource of 100 bcm, with first gas scheduled for 2027. Annual production is projected to climb within a year to 8 bcma, and it will flip Romania from gas net importer to gas net exporter. Implications of this are wide for both Romania and the region, extending into pricing and hub formation, decarbonisation through lignite substitution, replacing Russian supplies, infrastructure creation. All these and others are discussed in this Insight.
Categories:
Country and Regional Studies , Energy Security , Gas , Gas Programme
Tags:
EU upstream , gas hubs , gas infrastructure , Gas Pricing , LNG , PVT , Romania , Russia , SE Europe gas