Premier Nicolae Ciuca stated that the extraction of the first natural gas from the Black Sea could take place this year, saying that over the period to come investments in the Neptun Deep start as well as those connected to the exploitation of the gas from the deep. Nicolae Ciuca stated on Monday at Radio Romania Actualitati that Romania is not affected by the lack of energy and gas resources. ‘Romania is not a country which is affected by the lack of energy and gas resources. Romania has potential in both domains and that is why we come with two parts. One is to sign up in the programmes of the European Union to develop new energy sources and we have as objective to develop the renewable sources of energy, and as regards the independence of gas resources against the Russian Federation, we have decided that through this law (the offshore law) to insure stability and legal predictability to the business environment in the domain’ the premier said. He said that extraction of the first natural gas from the Black Sea will take place this year. ‘There is the possibility that in a short period of time we start investments in the Neptun Deep and insure the exploitation of the gas in the Black Sea, at the same time, we insure the exploitation of the gas on the national territory from the deep, this investment being able to insure gas starting with 2024. From the Black Sea we have the possibility to get gas at the middle of this year. There is investment made by Black Sea Oil and Gas and signed the reception document, with the possibility that we can insure one billion of cubic metres of gas annually through this investment and of course, at the end of 2026, the beginning of 2027 to have the first gas from Neptun Deep’ explained premier Nicolae Ciuca.
It's almost impossible to think about anything not related to elections this weekend but if you should need some distraction, there are options. Happening now is the European Film Festival, screening recent productions from the continent, very varied in theme, tone, and genre. The fest is playing Bucharest, Sfântu Gheorghe and Timișoara until Sunday and […]
Modernization work is ready to start at Bucharest’s Henri Coandă International Airport, also known as the Otopeni Airport, following an investment of over RON 112.4 million (some EUR 22 million) led by the National Company Bucharest Airports (CNAB), news agency Agerpres reported. The company...
Paris Hilton, who will be present at IntenCity Craiova, a festival organized this summer between June 26–29, sent a message to her fans in Romania. "I'm excited to perform at the IntenCity Festival on June 28. It's going to be so much fun! See you there," Paris Hilton told those who will come to Craiova. […]
AMAIS (Association for Alternative Methods of Social Integration) has officially launched the SeeYou mobile app, an innovative platform that connects visually impaired individuals with volunteer guides who can accompany them during everyday activities - from medical appointments or shopping to park strolls or cultural events. SeeYou is the first mobile app of its kind in […]
SAI Broker, a Romanian investment management company part of BRK Financial Group, listed a new ETF on the Regulated Market of the Bucharest Stock Exchange (BVB) on May 16, under the stock symbol BKBETETF. The ETF aims to fully replicate the structure of the main index, BET. The BET index reflects the evolution of the […]
An investment of over RON 1.26 billion, approximately EUR 254 million, is set to be made in the Port of Constanța, to increase maritime transport capacity and the volume of commercial exchanges. The funds will be used for the construction of a quay and the development of a port area covering 550,000 square meters. The […]
