Romanian oil and gas federation draws big plans for Black Sea drilling
Romanian oil and gas federation draws big plans for Black Sea drilling
The Neptun Deep project to produce natural gas offshore at the Black Sea is the key to reducing dependence on gas imports and strengthening the EU’s energy security.
Romania’s role within the EU gains increasing significance as the 2027 deadline approaches when Romania will become Europe’s number-one natural gas producer.
Offshore natural gas extracted from the Black Sea will be, for the coming decades, a central piece in the puzzle of European energy security as a whole.
"The world has enough fossil fuel projects planned to meet global energy demand forecasts to 2050 and governments should stop issuing new oil, gas and coal licences, according to a large study aimed at political leaders.
If governments deliver the changes promised in order to keep the world from breaching its climate targets no new fossil fuel projects will be needed, researchers at University College London and the International Institute for Sustainable Development (IISD) said on Thursday."