26 March | Gas

Romanian gas project in Black Sea begins drilling operations

Romanian gas project in Black Sea begins drilling operations

Romania has started the development of Neptun Deep, the biggest gas field in the Black Sea. The field, owned by Romgaz and OMV Petrom, contains about 100 billion cubic meters of extractable gas.

According to analyst Sorin Elisei, the project will allow the country to double its gas production by 2027 and become a net exporter. However, he warns that growing domestic demand could limit export opportunities. Romania plans to increase consumption by 25 percent by 2030 by building more gas-fired power plants.

After analyzing the situation, experts from the Romanian Energy Center noted the limited export potential of the project. Although it is expected to deliver 4–5 billion cubic meters of gas, these volumes are not enough to have a significant impact on the EU's energy security. Nevertheless, analysts say that every additional billion cubic meters can partially decrease reliance on gas supplies from Russia.

Period: 03.12.2025 Expectation: 1290 pips
NVIDIA shares rally on Fed rate cut hopes
Today at 06:36 AM 4
Period: 02.12.2025 Expectation: 435 pips
Consider buying AUDUSD amid higher investor appetite and weaker dollar
Yesterday at 11:03 AM 35
Gold sell
Period: 31.12.2025 Expectation: 5000 pips
Selling gold from $4,200 per ounce
Yesterday at 09:58 AM 33
Period: 05.12.2025 Expectation: 4000 pips
Closing gap near $430 to confirm Tesla’s next leg higher
Yesterday at 09:38 AM 22
Brent sell
Period: 30.04.2026 Expectation: 300 pips
Brent crude selloff with $60.0 per barrel in sight
Yesterday at 06:51 AM 21
Period: 02.12.2025 Expectation: 7800 pips
Buying Bitcoin on positive news from US Fed
Yesterday at 06:51 AM 33
Go to forecasts