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: 28.09.2026 Expectation: 4000 pips
Buy USDCAD while US inflation remains sticky
Yesterday at 08:07 AM 31
Period: 11.08.2026 Expectation: 740 pips
Go long on Brent crude up to $95
Yesterday at 06:14 AM 35
Period: 27.09.2026 Expectation: 4650 pips
Invest in USDJPY up to its all-time high of 164.00
27 August 2026 45
Period: 30.09.2026 Expectation: 500 pips
Sell ​​GBPUSD down to 1.3540
27 August 2026 25
Gold buy
Period: 10.09.2026 Expectation: 300 pips
Buy gold with $4,900 in sight
27 August 2026 41
Period: 30.09.2026 Expectation: 250 pips
Buying EURUSD from 1.1650
26 August 2026 36
Go to forecasts