Romania starts Neptun Deep Black Sea pipeline work

OMV Petrom and Romgaz have started laying 160 kilometers of pipeline for the Neptun Deep project. This site is expected to double national gas output by 2027.

Xurve View
Insights:

OMV PETROM SA and Romgaz began laying 160 kilometers of pipeline for the 100 billion cubic meter Neptun Deep project on Monday. Once it starts producing gas in 2027, the project will double the gas production of Romania. It establishes the nation as a net exporter to Germany and Moldova while the EU weans itself off Russia energy.

SAIPEM SPA deployed two ships, Castoro 10 and Castorone, to install the pipeline from offshore wells to land. OMV PETROM SA senior executive Cristian Hubati said pipeline installation will take two months.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.