Bulgaria: Local gas production...

Bulgaria's Energy Minister, Zhecho Stankov, has emphasized that domestic natural gas production would...

Slovenia installs 298.8 MW...

According to the Slovenian Photovoltaic Association, Slovenia installed 298.8 MW of solar capacity...

Romania: Electricity capacity grows...

Romania's electricity generation capacity increased by 1.9 GW in 2024, largely driven by...

Hungary expands fracking project...

Hungary has announced an increase in domestic gas production following the declaration of...
Supported byClarion Energy banner
HomeSEE Energy NewsRomania: Pre-emptive rights...

Romania: Pre-emptive rights on gas questioned as OMV Petrom signs export deal

Romania’s current legislation grants pre-emptive rights only over natural gas that has already been extracted, not on future gas production, according to a recent clarification from the National Administration of State Reserves and Special Issues (ANRSPS). This statement came nearly a month after OMV Petrom announced its first agreement involving gas production from the Neptun Deep project.

As a result, if all gas from the Neptun Deep perimeter is sold through forward contracts, ANRSPS will have no pre-emptive rights. This raises questions about the effectiveness of Law 256/2018, which governs Romania’s control over gas extraction.

The Offshore Law provides the Romanian state, via ANRSPS, with pre-emptive rights over gas extracted within the country. However, these rights apply only to gas that has already been extracted, not to gas reserves yet to be tapped. According to Corneliu Manu, spokesperson for ANRSPS, the focus on ensuring Romania’s energy security is more about managing currently extracted gas stocks than about future reserves.

Reports indicate that OMV Petrom, through its parent company OMV, has sold around 15 TWh of natural gas to German company Uniper under a five-year contract. However, this deal has yet to be disclosed by OMV Petrom on the Bucharest Stock Exchange. The contract has raised concerns over Romania’s ability to prevent the export of Black Sea gas. A similar situation occurred with gas from the Midia perimeter, operated by BSOG, which was pre-contracted for export to Bulgaria.

The first production of gas from the Neptun Deep perimeter is expected to begin in 2027.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Bulgaria: Local gas production key to energy security and competitiveness

Bulgaria's Energy Minister, Zhecho Stankov, has emphasized that domestic natural gas production would be the most cost-effective solution for the country. This statement was made during a meeting with representatives from "OMV Petrom," a subsidiary of the Austrian energy...

Albania: Shell to exit oil exploration sector after accumulating losses

Shell, the Dutch multinational company, has decided to withdraw from its oil exploration efforts in Block 4, located in the southern part of Albania. Additionally, the company has suspended all other oil extraction activities in the country and is...

Slovenia installs 298.8 MW of solar capacity in 2024 amid market slowdown and new tariff changes

According to the Slovenian Photovoltaic Association, Slovenia installed 298.8 MW of solar capacity in 2024. This total includes 191.5 MW from residential systems, 100.8 MW from commercial and industrial projects, and 6.5 MW from municipal installations. The 2024 installation marked...
Supported bySEE Mining News
error: Content is protected !!