“There are other gas fields in the Black Sea besides the ones discovered by OMV Petrom and Exxon,” Nita told an energy conference.
“Strategically, Romania will be focusing on the Black Sea.”
OMV Petrom (SNP.RO) and partner ExxonMobil Corp. made a significant gas discovery in the Black Sea last year, which could yield as much as 6.5 billion cubic meters of gas per year, equal to almost half of the country’s annual consumption.
Romania is looking for alternative ways to reduce its dependence on Russian gas after it missed an opportunity with the Nabucco West pipeline project, which lost a bid to transport Azeri gas to the European Union.