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Romgaz estimates that Romania’s gas production will exceed consumption after the Neptun Deep project reaches plateau production

Cristiana Dida

9 November 2026, 12:44

Current Affairs

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Romania could produce more natural gas than it consumes once the Neptun Deep project in the Black Sea reaches plateau production, Aristotel Jude, a member of Romgaz’s Board of Directors, said on Monday at a conference on preparations for the 2026-2027 cold season.

Neptun Deep’s production is estimated at approximately 8 billion cubic meters annually, while onshore deposits are expected to provide another roughly 8 billion cubic meters. With average national consumption of approximately 11 billion cubic meters per year, domestic production would exceed Romania’s needs.

According to the Romgaz representative, the company intends to market the gas, as well as use it to generate electricity and in industrial processes. Jude cited the Azomureș platform, recently integrated into Romgaz, as part of the strategy to use gas as a raw material for the production of ammonia and fertilizers.

Romgaz is preparing for the 2026-2027 winter by maintaining production, carrying out overhauls and well work, and investing in the rehabilitation of mature fields. The company has annual investment programs worth more than 5 billion lei. Of the production for the April 2026-March 2027 period, approximately 70% is allocated to household consumers and heat producers at the regulated price of 110 lei per megawatt-hour.

Context: Preparations for the cold season and the Neptun Deep schedule, ahead of surplus scenarios

Prior to the statements about a possible gas surplus, Transgaz announced that the National Transmission System was “stable and well balanced,” with storage facilities filled to approximately 88%. The company said that maintenance and winter-preparation work had been completed, and by the end of October it had estimated that more than 2.8 billion cubic meters would be stored.

Meanwhile, Romgaz maintained that no supply problems were anticipated for household consumers in the coming winter, and that the market share for these consumers was secured by the company to an extent of over 80%. At the same time, OMV Petrom and Romgaz revised the Neptun Deep project schedule ahead of time: the first gas could enter the National Transmission System in the first half of 2027, six months earlier than initially estimated, with plateau production reached by the end of the third quarter of 2027.