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: 01.03.2026 Expectation: 7500 pips
Investing in silver with $86 in sight
Yesterday at 11:08 AM 32
Brent sell
Period: 28.02.2026 Expectation: 90 pips
Brent crude selloff with $71.30 target
Yesterday at 09:54 AM 30
Brent sell
Period: 28.02.2026 Expectation: 550 pips
Brent crude is vulnerable to steep pullback on geopolitical de-escalation
Yesterday at 08:59 AM 26
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 28.02.2026 Expectation: 1120 pips
Temporary surge in oil prices won’t stop AUDCAD’s long-term ascent
Yesterday at 08:17 AM 15
Period: 31.03.2026 Expectation: 900 pips
Investing in USDCAD when American GDP beats forecasts
Yesterday at 06:04 AM 14
Brent sell
Period: 30.04.2026 Expectation: 200 pips
Selling Brent crude as it climbs to $73.0
Yesterday at 04:23 AM 17
Go to forecasts