UPDATE 1-Romania says its natural gas output set to double by 2025 [Reuters]
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Source: Reuters
UPDATE 1-Romania says its natural gas output set to double by 2025 | Reuters Reuters Staff 3 Min Read (Adds details) BUCHAREST, Feb 20 (Reuters) - Romania could almost double its natural gas production to about 20 billion cubic metres a year by 2025, helped by new offshore discoveries in the Black Sea, the head of the National Agency for Mineral Resources (ANRM), Sorin Gal, said on Tuesday. Unlike other countries in the region, Romania is almost entirely energy independent. The European Union state imports less than 10 percent of its gas needs from Russia, with the rest produced locally, largely by state producer Romgaz and OMV Petrom, controlled by Austria’s OMV . “We produce 10-11 billion cubic metres and consume about as much,” Gal told an energy seminar. “Production will rise to 18-20 billion cubic metres by 2025. Gas producers are looking for markets and buyers.” Gal also said he had information that neighbouring Ukraine could privatise its national gas transport network within 1
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