Romania to Lead EU Energy Security with Neptun Deep Gas Exports

Romania to Lead EU Energy Security with Neptun Deep Gas Exports

Energy

The Romanian Energy Ministry has emphasized that the natural gas exports from the Neptun Deep offshore perimeter to Germany will account for less than 1% of the deposit's estimated output, which exceeds 100 billion cubic meters. This export is part of OMV Petrom's strategic plan, with deliveries to Germany set to begin in 2027 under a deal with German utility Uniper, CE Report quotes Agerpres

The Neptun Deep project, jointly owned by OMV Petrom and Romgaz, represents a major step for Romania's role as a leader in European energy security. The project is expected to produce around 8 billion cubic meters annually, doubling Romania’s current gas production and ensuring energy self-sufficiency. From its first year of operation, it will generate double Romania’s domestic gas consumption.

Romania's Energy Minister, Sebastian Burduja, stressed that the Romanian state will prioritize domestic energy needs and only surplus gas will be exported. He reassured citizens that royalties and export taxes will benefit Romania’s budget, and the country is positioned to support regional energy security, including the Republic of Moldova.

The export deal highlights Romania's commitment to reducing EU dependency on Russian energy, a goal aligned with European solidarity. With gas production set to double by 2027, Romania will strengthen its position as the largest natural gas producer in the EU.

Neptun Deep's development comes over a decade after gas was first discovered in Romania's Black Sea waters. This project marks a significant milestone in Europe’s transition to energy independence.

Tags

Related articles

Moldova Boosts EV and Hybrid Use
Moldova has made major strides in electric and hybrid transport, registering over 64,000 such vehicles since 2018, according to the National Centre for Sustainable Energy (NCSE).
Minerals Boom for Clean Energy
The global shift toward clean energy is driving a surge in demand for critical minerals, which are expected to triple by 2040, according to the International Energy Agency’s Global Critical Minerals Outlook.
EU Risks Falling Behind in Green Tech Race
The European Union is struggling to keep pace in the global green technology race, raising concerns over its ability to meet climate targets and maintain competitiveness.
Crete Energy Blocks Approved
Greece’s Environment and Energy Minister Stavros Papastavrou signed a ministerial decision on Friday defining the exact coordinates for the "South Crete 1" and "South Crete 2" sea blocks, paving the way for hydrocarbon exploration and exploitation.