Romania's OMV has signed a deal with Germany's Uniper to supply natural gas from the Black Sea, bolstering Europe's energy security amidst the ongoing energy crisis.
The Romania n business of Austria’s energy giant OMV has reached an agreement with German firm Uniper to supply natural gas to Germany from a Black Sea project from 2027, sources with knowledge of the deal have told Reuters. Austria and Europe as a whole are looking to secure alternative gas supply to offset the loss of Russia n pipeline gas deliveries. Russia began cutting off Europe an customers after the invasion of Ukraine in 2022.
Neptun Deep is the largest natural gas project in the Romanian Black Sea and the first deepwater offshore project in Romania, OMV’s Romanian business, OMV Petrom, says. First gas from the project is expected for 2027, with the estimated natural gas production equivalent to around 30 times the current annual demand of about 4.3 million households.
Germany Natural Gas OMV Uniper Black Sea Energy Crisis Russia Supply Europe
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