Black Sea gas could make Romania one of Europe’s largest gas producers in the 2020s

Tuesday, November 6, 2018
Black Sea gas could make Romania one of Europe’s largest gas producers in the 2020s

Black Sea gas could make Romania one of Europe’s largest gas producers in the 2020s, says the nation’s Energy Minister, Anton Anton, according to Ukrinform. A decade ago, Romania and Ukraine agreed on delimitation of their Black Sea border. Ukraine’s Black Sea gas development suffered a major setback in 2014 when Russian soldiers seized the platforms and pipelines of Chornomornaftagaz. Now, Romania seeks investment in developing its offshore reserves. Minister Anton said: “Of course, we can not compete with Russia, but we can become a factor in energy stability in the region, creating a gas hub in Romania.”

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Latvia’s airBaltic is expanding its Riga-Ukraine destinations, adding Lviv on April 1

Latvia’s airBaltic is expanding its Riga-Ukraine destinations, adding Lviv on April 1

Next post
Israel and Ukraine will sign their free trade agreement by the end of this month,

Israel and Ukraine will sign their free trade agreement by the end of this month,

Previous Main Topics