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Romania prioritizes attracting foreign investments in dev’t of Black Sea energy sources

Oil&Gas Materials 11 February 2021 09:59
Romania prioritizes attracting foreign investments in dev’t of Black Sea energy sources

BAKU, Azerbaijan, Feb.11

By Leman Zeynalova – Trend:

The exploitation of significant gas resources in the Black Sea can bring a decisive contribution to strengthening energy security of the region for the coming decades, Romania’s Minister of Energy Virgil Daniel Popescu told Trend.

“For Romania, natural gas is essential in the transition to a low-carbon economy and has a significant role to national energy security. Romania has a long tradition in offshore operations and very good specialists in this sector.

When it comes to capitalizing on energy resources in the Black Sea, we are mainly considering the Neptune Deep perimeter, but there are other concrete projects designed to highlight the huge opportunities of this area,” said the minister.

Popescu noted that in recent years, the Azerbaijani side has expressed interest for the opportunities provided by the discovery of new offshore Black Sea gas fields.

“The development of these resources remains a priority for Romania, as well as attracting investments and collaboration with important international companies that have the know-how and necessary technology.”

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