The concession agreements for the exploitation and exploration of oil blocks Bozed Vest, Corunca Nord, Cugmed, Enciu, Gliceana, Sincai, Glavinesti, Tamasesti and Vlideni are valid by the end of the year, according to ANRM data.
Contacted by Mediafax, Romgaz representatives did not provide further details on the issue.
In 2013, the natural gas production of Romgaz was 5.65 billion cubic meter, similar with 5.66 billion in 2012. The company produced 5.64 billion cubic meters of gas in 2011, while in 2010, it produced 5.77 billion cubic meters.
Romania has the biggest natural gas reserves in Central and Eastern Europe, of approximately 150 billion cubic meters, while geological reserves reach 615 billion cubic meters. The current natural gas reserves might end in approximately 14 years.