26 March 2025 | 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: 27.03.2026 Expectation: 10000 pips
Silver consolidates below resistance
13 March 2026 41
Period: 20.03.2026 Expectation: 1390 pips
AUDCAD pullback offers buying opportunity ahead of expected RBA hike
13 March 2026 32
Brent sell
Period: 30.04.2026 Expectation: 1500 pips
New play for Brent crude is to sell from $110 per barrel
13 March 2026 22
Period: 31.12.2026 Expectation: 5000 pips
Selling SPX down to $6,200
13 March 2026 21
Period: 20.03.2026 Expectation: 1100 pips
GBPUSD is on verge of breaching support amid global flight into dollar
13 March 2026 21
Period: 20.03.2026 Expectation: 500 pips
Buying Brent crude with $105 in view
13 March 2026 29
Go to forecasts