Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Offshore Law climbs up on the Romanian lawmakers'...

Offshore Law climbs up on the Romanian lawmakers' agenda

April 7, 2022

The amendments to the Offshore Law, expected to unlock the natural gas projects in Romania's Black Sea perimeter, are likely to climb up fast in the agenda of the lawmakers after President Klaus Iohannis mentioned the energy independence (besides larger defense spending) as a strategic medium-term target.   Iohannis, indeed in his speech on March 1, mentioned the nuclear and renewables sectors as elements of energy independence, but natural gas is a key transition element, and possibly the role of coal as a "resource of last resort" will be slightly reviewed.   Romanian Senate's speaker Florin Citu, who also leads the junior ruling Liberal party PNL, on March 2 expressed support for the new Offshore Law drafted by the Ministry of Energy (that his party is managing) and mentioned a 60:40 split between state and field operator, of the gains generated by the Black Sea natural gas. Florin Citu said that "PNL supports the variant already presented by the Ministry of Energy, with 60% of the revenues going to the Romanian state, 40% to the other parties," News.ro reported.  He also said that this was the starting point for further negotiations.   Black Se Oil and gas, a Carlyle investment fund company, is close to starting gas deliveries from the field it operates in Romania's Black Sea, but OMV Petrom has been more cautious with its investments in its Neptun Deep perimeter: the investment decision is going to be deferred for 2023 unless the lawmakers move fast with the Offshore Law, its management warned.   

The text of this article has been partially taken from the publication:
http://actmedia.eu/energy-and-environment/offshore-law-climbs-up-on-the-romanian-lawmakers-agenda/96625
Read in full - click here
Weekend calendar: Bucharest Days, White Night of Romanian film, BIFF, Undercloud, AccessABILITY Expo, TIFF Timișoara, Oktoberfest Brașov, Alpin Film Fest and more

It’s a busy weekend in Bucharest, as the city gears up for its annual celebration, film and theater festivals bring the latest productions, and new exhibitions are opening.

Les Films de Cannes à Bucarest: Festival announces 2025 dates, first program highlights

The 16th edition of Les Films de Cannes, the festival showcasing productions awarded or selected at the Cannes film festival, returns this fall to Bucharest and four other cities in the country. The winner of this year's Palme d'Or, Jafar Panahi's It Was Just an Accident, will be screened at the event, as will be […]

Eastern Romania: Natural sciences museum in Galaţi reopens after EUR 3 million modernization works

Răsvan Angheluţă Natural Sciences Museum in Galaţi is scheduled to reopen on September 20, after the completion of modernization works worth over 15.1 million lei (approximately EUR 3 million) carried out by the County Council through the recovery and resilience facility PNRR.  The building hosts an Aquarium, an Astronomical Observatory, a Planetarium, and temporary exhibitions. […]

Romanian paramedics team named best in the world

A team of Romanian paramedics won first place at the World Rescue Challenge 2025, a competition that sees first responders and trauma teams from around the world develop new skills and share knowledge. This year, the competition took place in Karlovac, Croatia, and was attended by two Romanian paramedics from Bucharest who have been working […]

Romanian auction house Artmark registers record EUR 15 mln sales in 2024-2025

Artmark, one of Romania’s leading auction houses, registered record sales of over EUR 15 million despite economic instability, showing the growth potential of the national art market, according to the company’s 2024-2025 market report.  Overall, auction sales totaled EUR 11 million, up 8.2% compared to the previous year, while sales through the “Dependent de Artă” […]

DefCamp 2025 turns Bucharest into the regional cybersecurity hub at its 15th edition, hosted at the Palace of the Parliament

Cybersecurity has become a major global priority, impacting individual users, companies, organizations, and public institutions. Social engineering, deepfakes, digital manipulation, and coordinated geopolitical attacks are fundamentally reshaping how we view the digital future. In this context, DefCamp, the largest cybersecurity and hacking conference in Central and Eastern Europe, reaffirms its role as a strategic hub […]