Hungary wants to replace Russian gas in Romanian
HUNGARY DISCUSSED WITH ROMANIA IN THE ACQUISITION OF NATURAL GAS FROM THE BLACK SEA FIELD NEPTUNE DIP, WHOSE PRODUCTION IS DESIGNED TO START IN 2027, THE COUNTRY'S ECONOMIC AND ENERGY MINISTER, EASTBAN CAPTANI, TOLD B1TV. “WE DISCUSSED WHAT SHOULD BE DONE SO THAT HUNGARY CAN PURCHASE GAS FROM THE BLACK SEA AND DELIVER IT,” THE MINISTER SAID. ACCORDING TO CAPITAN, BUDAPEST ALSO AIMS TO DEVELOP COOPERATION WITH CROATIA. STATES WANT TO AGREE ON COMMERCIAL CONDITIONS AND ENSURE PIPELINE CAPACITY.
The Neptune Deep field is being developed by OMV Petrom and Rumgaz, each of which owns 50% of the project. Its recovery reserves are estimated at 100 billion cubic meters of gas, and the investments at 4 billion euros. Once full capacity is reached, annual production can reach 8 billion cubic meters. The annual consumption of natural gas in Hungary is about 8.5 billion.
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