Romania: Electricity consumption slightly...

According to data from the National Institute for Statistics (INS), electricity consumption in...

Greece: PPC advances major...

The PPC Group is accelerating renewable energy projects in northern Greece, focusing on...

Greece: Natural gas demand...

The Greek natural gas transmission system operator DESFA reported that total natural gas...

Bosnia and Herzegovina: RS...

The Ministry of Energy and Mining of the Republic of Srpska (RS) has...
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Romania: DNA examines Romgaz’s takeover of ExxonMobil’s stake in Neptun Deep project

Prosecutors of the Romanian National Anticorruption Directorate (DNA) requested information from state-controlled natural gas producer Romgaz on the transaction regarding the acquisition by Romgaz of the 50% stake in the Neptun Deep offshore project from US company ExxonMobil.

The prosecutors investigate the alleged abuse of office related to the price paid by Romgaz for the 50% stake, with suspicions of an overpriced acquisition, according to local media.

In August 2022, Romgaz completed the takeover of all shares of ExxonMobil’s local subsidiary that held a 50% stake in the Black Sea Neptun Deep gas project for 1.06 billion dollars. The contract for the acquisition was signed in early May.

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