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Romania to Invest in Pipeline for Black Sea Neptun Deep Project

NATURAL GAS
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Romanian gas producers OMV Petrom and Romgaz have reserved pipeline capacity from 2026 to 2042 with operator Transgaz to transport gas from the Neptun Deep project in the Black Sea.

  • The project is to use a new pipeline expected to be built by Transgaz to bring the gas to shore at a cost of about €500m according to Prime Minister Nicolae Ciuca.
  • Production at Neptun Deep holds an estimated reserve of 100bcm is likely to start production in 2027.
  • The gas producers are expected to announce a final investment decision in the Neptun project around the middle of the year. The project is estimated to cost €4bn and produce at least 6bcm of gas per year.
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Romanian gas producers OMV Petrom and Romgaz have reserved pipeline capacity from 2026 to 2042 with operator Transgaz to transport gas from the Neptun Deep project in the Black Sea.

  • The project is to use a new pipeline expected to be built by Transgaz to bring the gas to shore at a cost of about €500m according to Prime Minister Nicolae Ciuca.
  • Production at Neptun Deep holds an estimated reserve of 100bcm is likely to start production in 2027.
  • The gas producers are expected to announce a final investment decision in the Neptun project around the middle of the year. The project is estimated to cost €4bn and produce at least 6bcm of gas per year.