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Development of offshore deposits in the Black Sea, necessary to avoid increasing dependence on gas imports
The development of offshore deposits discovered in the Black Sea is necessary to avoid the significant increase of dependence on gas imports and is a sine-qua-non condition to be able to rely on natural gas in the electricity mix, according to the project “Romania’s Energy Strategy 2019- 2030, with the perspective of the year 2050 “, published by the Energy ministry.
“In order to avoid significant increases in import dependency, even if they will be available from alternative sources and routes, it is necessary to develop the offshore deposits discovered in recent years in the Black Sea. This is a sine-qua-non condition to be able to stake on the natural gas in the electricity mix,” it is mentioned in the project.
According to the document, the additional natural gas resources from the onshore and offshore deposits are foreseen in Romania’s energy mix in all scenarios, except for the unlikely one of sustaining low capped prices, which does not justify a continuation of the investment, according to Agerpres.
The exploitation of hydrocarbon resources in the Black Sea will have a major contribution to ensuring Romania’s energy security. The cumulative quantitative levels from conventional onshore and offshore production may have the potential to be surplus to the currently estimated level of domestic demand, relatively linear.
Thus, the project mentions, Romania intends to increase the consumption of natural gas in the domestic industry and the export of finished products that use as raw material natural gas.