Transgaz inks transport deal with oil majors for Black Sea gas

Newsroom 30/05/2014 | 12:51

State-owned Transgaz, the operator of the gas transport network, has signed off last week an agreement with Austria’s OMV Petrom and US ExxonMobil by which the gas extracted from the Black Sea will be transported through Romania’s infrastructure.

Razvan Nicolescu, the delegate minister of energy, said Friday that the state does not have any obligations in the agreement.

“It is normal for the gas produced in the Black Sea to enter in the Romanian transport system, as (e.n. it is normal) for Transgaz to be ready for this moment,” said Nicolescu, quoted by Mediafax newswire. He said the transport deal is confidential.

Petrom and Exxon are jointly doing explorations offshore Romania and announced in 2012 the fist discovery of gas but did not say if it was commercially viable.

Ovidiu Posirca