Romanian natural gas producer Romgaz is preparing to expand into the Moldovan energy market, aiming to supply up to 30% of Moldova’s imported gas. The company is in the process of establishing a subsidiary in Moldova to manage these operations. Romgaz CEO Razvan Popescu confirmed that Moldova’s annual gas demand is about 1 billion cubic meters, and Romgaz plans to cover roughly one-fifth to one-third of this volume. This expansion marks an important step for the Romanian energy company in increasing its regional presence.
Unlike Romania’s domestic market, where household and heating plant gas prices are regulated at a fixed rate of 24 euros/MWh until March 2026, Romgaz will adopt market-based pricing for gas sold in Moldova. While exact prices have not yet been announced, they will reflect Moldova’s liberalized gas market without government price caps.
Romgaz’s regional expansion coincides with preparations for a significant production increase through a joint venture with OMV Petrom at the Neptun Deep offshore gas field in the Black Sea. The two companies equally own this €4 billion project, with OMV Petrom managing operations. Production at Neptun Deep is expected to start in 2027, which will boost Romania’s gas output substantially.
This initiative supports Romania’s wider strategy to become a regional energy exporter and assist Moldova in decreasing its dependence on Russian gas. Moldova has already moved in this direction with a recent three-year contract signed in May between its state energy company Energocom and OMV Petrom. This agreement secures future gas deliveries from Neptun Deep, expected to cover about 25% of Moldova’s energy demand. Financial details of the deal remain confidential.
Romgaz’s entry into Moldova highlights Romania’s strategic effort to lead energy supply in the region, capitalizing on upcoming production increases and growing demand for diversified, reliable energy sources.
