Romania will have natural gas from other sources next winter, from the Black Sea included, and starting this year we will have one billion cubic meters of extra gas, Energy minister Virgil Popescu announced on Tuesday."Romania will also have gas from other sources next winter, including from the Black Sea. The exploitation of gas from the Black Sea has already begun, by those from the company Black Sea Oil & Gas. Tests are already being done to introduce the first molecule of gas into the national transport system. Starting this year we will have one billion cubic meters of extra gas," the minister wrote on Facebook.According to Popescu, Romgaz will complete in the shortest time the takeover of the Neptun Deep perimeter, from Exxon. Through this transaction, Romgaz also takes over the technology and the related contracts for starting the works, so that in 2026 we already have natural gas, to be used as much as possible in Romania."In order not to let the propaganda induce a series of fears, I want to draw attention to the fact that the Neptun Deep offshore perimeter is not in the area that was the subject of the process between Romania and Ukraine regarding the Island of Snakes," Virgil Popescu stressed.At the end of last year, Romgaz announced that its shareholders have approved the takeover of the stake held by the American group ExxonMobil in the Neptun Deep perimeter, which, according to some estimates, would contain gas reserves of about 100 billion cubic meters. OMV Petrom also owns 50 pct of the Neptun Deep block in the Black Sea.
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]