The representatives of the two companies have presented the natural gas exploration project in the Black Sea, in view of the final investment decision, the government said in a statement Monday.

Grindeanu said the government supports the development of energy resources under sustainable and competitive conditions, taking into account, at the same time, the government’s commitments regarding the guaranteeing of energy security.

The PM also proposed the setting up of an inter-ministerial group to provide technical support for new energy projects with development potential in the Romanian area of the Black Sea.

In his turn, Economy Minister Mihai Tudose, stated that projects like that presented by OMV Petrom and ExxonMobil can turn Romania into a regional industrial hub for offshore projects.