Romanian Minister of Energy Virgil Popescu said that he is encouraging the return of multinational oil and gas company Shell to Romanian market, with the aim to cooperate on liquefied natural gas (LNG) projects.
Minister Popescu said after the meeting with Shell representatives that he encourages the return of Shell to the Romanian market, expressing the desire to develop a long-term partnership with the company, in order to launch cooperation projects in the field of energy, especially in the LNG sector.
Shell first entered Romanian market in 1996, where it was present until 2004 with its fuel retail business and until 2007 with its LNG division. The fuel retail business was acquired by Hungarian oil and gas company MOL in 2004. The LNG division was sold to French group Rubis in 2007.
