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  5. Hungary Negotiates Gas Purchase from Romania’s Neptun Deep

Hungary Negotiates Gas Purchase from Romania’s Neptun Deep

April 10, 2025

Hungary wants to expand its cooperation with Romania in the gas sector to diversify its energy sources, and relevant companies from the two countries are already negotiating an agreement, Hungarian Foreign Minister Peter Szijjarto said on Monday as quoted by Reuters.   Szijjarto stressed that Hungary is interested in cooperation with Romania in the energy field, given that Romania is set to become a net exporter of natural gas in the coming period, with the start of production in a new Black Sea gas field, Neptun Deep.   Drilling at the Neptun Deep gas field in the Black Sea, one of the most important gas fields in the European Union, which will double Romania’s production and could transform the country into a net exporter, could begin in a few weeks. “This new field will be the only fresh source of gas in the region that can contribute to energy diversification,” Szijjarto said after signing an energy solidarity agreement with Romanian Energy Minister Sebastian Burduja.   “Our companies are already involved in the necessary trade negotiations and we hope that they will reach an agreement that represents progress for both countries,” the Hungarian official added.   The Romanian Ministry of Energy has not yet communicated anything about this subject. Hungary has expressed its intention to purchase gas from the Neptun Deep block for years. The Neptun Deep block is owned equally by OMV Petrom and Romgaz.

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