Officials from Transgaz, OMV, and Romgaz during the contract signing ceremony. Credit: Romgaz.

Romania’s gas pipeline operator Transgaz is planning to build a €500m pipeline to bring natural gas from the Neptun Deep block in the Black Sea to the national grid.

The move follows the signing of a contract by Transgaz, with OMV Petorm and SNGN Romgaz subsidiary Romgaz Black Sea, for the supply of natural gas from the Neptun Deep block to the National Transport System (NTS), through the Tuzla entry/exit NTS point.

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Effective for a period of 17 years from September 2026, the contract mandates capacity booking and providing transport services for the natural gas.

OMV Petrom, which is majority controlled by Austria’s OMV, and Romgaz are planning to make the final investment decision on the $4bn Neptun Deep block by mid-2023.

The Neptun Deep block is expected to have a production capacity of at least six billion cubic metres of gas per annum.

The 308.3km gas pipeline will be built as part of the ‘Gas transmission pipeline Black Sea – Podisor’ project.

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The transmission pipeline Tuzla-Podisor will connect the available gas in the Black Sea to the BRUA corridor.

Transgaz said in a statement: “The implementation of a transmission infrastructure allowing for the connection of the gas available at the Black Sea shore to the BRUA corridor is a project of vital importance for Romania, in terms of energy security, and the conclusion of these gas transmission contracts represents the pre-requisite for the development of this infrastructure.”