Romania Boosts Efforts On LNG Terminal Project In Black Sea

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 1. Romania intends tostep up efforts in a promising project to purchase liquefiednatural gas (LNG) from Azerbaijan, potentially sourcing it from theState Oil Company of Azerbaijan Republic (SOCAR) terminal in theGeorgian port of Kulevi and transporting it in its liquefied formto the Romanian port of Constanza city, said Romanian EnergyMinister Sebastian-Ioan Burduja, Trend reports.

He made the statement during the 8th meeting of the JointCommission on economic-trade relations and scientific-technicalcooperation between the Government of Azerbaijan and Romania inBaku.

"Romania intends to develop LNG terminal projects in Constanza,and Azerbaijan is considering establishing an LNG terminal in theBlack Sea region. Given Romania's importance as the conduit forAzerbaijani gas to Europe, this possible agreement might benefitboth nations and the EU," he said.

Burduja also highlighted Romania's gas production and sales,recognizing the importance of energy resources in economicdevelopment.

According to an informed source, Romania intends to launch afeasibility study for transporting Azerbaijani gas via theBaku-Kulevi-Constanza route in 2023, as described in an agreementagreed in October 2022 in Bucharest by SOCAR and Romania'sRomgaz.

"The project may entail establishing an LNG plant (in Kulevi), aregasification facility (in Constanza), and other essentialinfrastructure for transporting gas from the Caspian Sea toRomania. In essence, the discussion revolved around establishingtwo terminals-one on the eastern and one on the western shores ofthe Black Sea-which, according to the Romanian perspective, willcontribute to diversifying gas supplies to Europe," the sourceemphasized.

According to him, the feasibility study may be ready in2024.

"Romania aims to establish itself as a gas hub and is currentlyin negotiations with various gas-producing countries, Azerbaijanincluded. However, our stance will be better defined once we havereviewed the feasibility study," the source added.

Stay up-to-date with more news at Trend News Agency'sWhatsApp channel


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.