The discovery of hydrocarbon deposits in the Ionian Sea and the Black Sea could transform Greece and Romania into major natural gas suppliers for Europe.
Cristiana Dida
Current Affairs
Foto: Pexels
Always see our news on Google
The Balkan region has been marked by the discovery of hydrocarbon deposits in the Ionian Sea and the Black Sea, which could change the energy map of the Eastern Mediterranean. The offshore perimeter 2 in the Ionian Sea, granted to the consortium Energean, HELLENiQ ENERGY, and ExxonMobil, will begin exploratory drilling in 2026-2027, with estimated reserves of 200 billion cubic meters of natural gas. In the Black Sea, the Neptun Deep project, operated by OMV Petrom and ROMGAZ, will start drilling in 2025, with estimated reserves of 100 billion cubic meters.
If both deposits come into production, Greece and Romania will become the main suppliers of natural gas for Europe, reducing dependence on Russian gas. In the context of the war in Ukraine, the USA is promoting American LNG to support this transition, and Greece will play a crucial role in the regasification of liquefied gas. Infrastructure projects for gas transportation in the Balkan region are already underway, including the Vertical Corridor, which will connect Greece, Bulgaria, Romania, Moldova, and Ukraine.
If both deposits come into production, Greece and Romania will become the main suppliers of natural gas for Europe, reducing dependence on Russian gas. In the context of the war in Ukraine, the USA is promoting American LNG to support this transition, and Greece will play a crucial role in the regasification of liquefied gas. Infrastructure projects for gas transportation in the Balkan region are already underway, including the Vertical Corridor, which will connect Greece, Bulgaria, Romania, Moldova, and Ukraine.
Sources
Latest News
13:51
The interim Minister of Defense, Radu Miruţă, about the future government: "We have stated what the thresholds are for us to sit at the table, we will no longer vote for a government with PSD. PNL, USR, and UDMR no longer have a place in the same chamber with PSD."
13:50
The BNR launches a silver coin dedicated to Nicolae Tonitza, on the 140th anniversary of his birth. The coin is rectangular in shape and is worth 10 lei.
13:48
Major breakdown on the Berceni Pipeline: Sector 4 remains without hot water
13:43
Spontaneous protest in Arad, dozens of victims demand the recovery of their money or the delivery of the paid cars
13:41
ANALYSIS The romantic rumor is not the problem. Rather, it is Natalie Harp's access to Trump.
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
