FinMin Tanczos: Ministry’s buffer and BNR reserve ensure stability on the capital market

According to a press release sent to AGERPRES on Wednesday, the signed contract provides for the supply of natural gas for 3 years to the virtual trading point (VTP) in Romania, with the final destination being the Republic of Moldova.

The gas will come from the offshore Neptun Deep field, the largest natural gas project in the Black Sea and Romania’s first deepwater project, with reserves estimated at at least 100 billion cubic metres, the same source states.

„The resources of the Black Sea are a strategic advantage for us and a responsibility towards our neighbours and brothers. I have always said that Neptun Deep is about solidarity, about the common energy future of the region. The signing of this contract demonstrates that Romania does not just promise, but delivers – resources, safety and trust. We help the Republic of Moldova with gas, with stability, with predictability and with a common vision. Through this gas delivery to the Republic of Moldova, Romania confirms its role as a provider of energy security in the region. It is a mission that we assume with responsibility, aware that energy stability is the foundation of a functional economy and a strong state,” stated the minister of energy, Sebastian Burduja, quoted in the press release.

In his opinion, this step confirms both the viability of the Neptun Deep project, as well as the maturation of the Romanian energy market and „our capacity to think regionally, strategically, and Europeanly.”

„We keep enough space for the use of Romanian gas in Romania, in the energy sector and for the revival of the Romanian industry, while at the same time being ready to support our brothers across the Prut to eliminate any dependence on energy resources from the East,” added Sebastian Burduja.

The Neptun Deep project is the largest offshore natural gas exploitation project in the Black Sea and the first deep-sea project in Romania. Co-developed by Romgaz and OMV Petrom, Neptun Deep has reserves estimated at a minimum of 100 billion cubic metres of natural gas.

„The first commercial volumes are expected in 2027, and this contract signed with Energocom SA becomes the first concrete step towards regional exploitation of this strategic resource. Neptun Deep will allow Romania to strengthen its position as the largest natural gas producer in the European Union, making a major contribution to national and European energy independence,” the press release added.

At the same time, the project is an important catalyst for attracting investment, developing infrastructure and creating jobs in the Romanian economy.

„This collaboration between OMV Petrom and Energocom SA reflects both the efficiency of market mechanisms and the political will of institutions on both banks of the Prut to build a sustainable energy alliance, on European and democratic bases. The Ministry of Energy reaffirms its commitment to an energy-independent Romania, integrated into a regional solidarity network, and remains an active partner of the Republic of Moldova in its effort to become part of the European energy market,” the ministry’s representatives said.

AGERPRES