The Balkan grid at...

As winter settles across South-East Europe, the region’s electricity landscape enters a season...

The Balkan power mosaic:...

The final month of 2025 finds the electricity markets of South-East Europe entering...

Winter markets at the...

The western edge of the Balkan electricity system enters December 2025 with a...

Winter prices without the...

December 2025 opens the winter season in Central and South-East Europe with a...
Supported byClarion Energy
HomeSEE Energy NewsRomania: Neptun Deep...

Romania: Neptun Deep project surpasses 33% completion, paving the way for energy independence

Romanian Energy Minister Sebastian Burduja has announced that the Neptun Deep project has reached over 33% completion. According to Minister Burduja, the American drilling platform, one of the largest of its kind globally, has been in Romania for several months and is now preparing to move offshore to begin drilling operations. Located approximately 160 kilometers off the coast near Tuzla, the platform will oversee the activation of ten natural gas wells at depths exceeding 4,000 meters.

The Transocean Barents platform, a marvel of engineering, stands 90 meters tall and is 120 meters long. It is equipped with advanced machinery designed to extract gas under immense pressure. By 2027, or possibly sooner, the extracted gas will be delivered directly to Romanian households via the Tuzla-Podisor pipeline, which is also advancing rapidly, thanks to efforts by Transgaz.

Minister Burduja emphasized the strategic importance of Neptun Deep, calling it a key project for both Romania and the EU in terms of achieving energy independence, ensuring supply stability, and securing affordable energy for both consumers and businesses. He pointed out that Neptun Deep is not only an economic investment but also a geopolitical milestone. This €4 billion partnership between Romgaz and OMV Petrom is expected to generate over €20 billion in state revenue, while producing more than 100 billion cubic meters of gas, effectively doubling Romania’s natural gas output. As a result, Romania is poised to become the EU’s leading natural gas producer.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Serbia’s gas future: supply routes, market fragility, pricing exposure and the transition toward a new regional gas order

Natural gas has become Serbia’s most strategically sensitive energy input, not because of its scale—Serbia consumes far less gas than major European markets—but because of the country’s structural exposure to a single supplier, a single route, and a gas...

Oil traders, pricing mechanisms and the future of Serbia’s downstream sector: A strategic spin-off analysis

Oil markets in Southeast Europe have always functioned at the intersection of global price signals and highly localised political risks. Serbia’s downstream system is an excellent example of how traders, refiners, wholesale distributors and retailers operate in an environment...

The Balkan grid at a turning point: How cross-border capacities shape the winter 2025–26 electricity market

As winter settles across South-East Europe, the region’s electricity landscape enters a season shaped not by crisis but by structural interdependence. December 2025 finds the Balkan and Central-European power systems operating under a degree of cross-border coordination once unimaginable....
Supported byVirtu Energy
error: Content is protected !!