Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Virgil Popescu: Romania can become a natural gas...

Virgil Popescu: Romania can become a natural gas hub, after Black Sea gas production starts

December 21, 2023

All conditions will be in place for Romania to become a natural gas hub once production in the Black Sea starts, Chairman of the Chamber of Deputies Committee on the Environment and Ecological Balance Virgil Popescu, a former energy minister, said on Monday."All conditions will be in place for Romania to become a natural gas hub and I am convinced that we will manage to be a natural gas hub once production in the Black Sea starts," Popescu told the Natural Gas Forum 2023 by Financial Intelligence.Regarding the hydrogen projects, Popescu said that Romania is at the beginning in terms of hydrogen production."We had a milestone in the National Recovery and Resilience Plan (PNRR) regarding the production of hydrogen. A call for projects has been resumed - I understand that it is currently being evaluated - in my opinion, hydrogen is the fuel of the future, it is a non-polluting fuel. Obviously, we still have a long way to go to get there, to use hydrogen on a large scale, but hydrogen production facilities have to be developed. In my conversations with Azerbaijan, Georgia, Romania, Bulgaria about that electric power cable - and maybe you're wondering about this transition to electric energy, to this bridge between the Caspian Sea and the Black Sea - we are talking about renewable energy, and the discussions were about producing hydrogen from this green energy and trying - after a feasibility study - to see what is more cost-effective: to bring renewable energy to Romania through that cable, to produce hydrogen here or to produce hydrogen, for example, in Georgia and transport that hydrogen across the Black Sea. As you can see, we are preparing in all ways, so that Romania may become an important node in European hydrogen production. I believe in hydrogen and I am convinced that Romania will manage to become an important node of hydrogen production and hydrogen transport in Europe," said Popescu.OMV Petrom and Romgaz announced this summer that they will invest up to EUR 4 billion in the development stage of the Neptun Deep project, which will generate a production of about 100 billion cubic metres of natural gas. OMV Petrom is the operator, with each of the companies holding a 50% stake in the project. The first production is estimated in 2027. The peak production is put at 8 billion cubic metres annually (about 140,000 boe/day), for about 10 years.  

Read in full - click here
Junot Díaz, Tracy Chevalier, Michel Bussi: Iași literature festival announces first guests at 2025 edition

Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]

A Taste of Nature: Michelin-Starred Chef Theodor Falser brings his culinary artistry to JW Marriott Bucharest

Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]

Government: IMF backs Romania’s fiscal measures, sees 1% GDP growth in 2025

The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]

Romanian theater stages robot-only performance exploring technology and e-waste

The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]

Emmy Stoel appointed as the new General Manager of InterContinental Athénée Palace Bucharest

With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]

Update: Six knives found on woman trying to enter Romanian Parliament

Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...