“Following the EUR27 million investment, the storage capacity of the facility in Urziceni will be raised to 360 million cubic meters, from the current 250 million cubic meters, and Romgaz’s total gas storage capacity will increase to 2.8 billion cubic meters from 2.7 billion cubic meters,” the company’s general manager Virgil Metea said Tuesday at the inauguration of the investment project.
He also said Romgaz has the largest gas storage capacity in Romania, adding that Romgaz wants to get involved in as many feasible projects in the gas sector as possible, including explorations in the Black Sea.
Minister-delegate for energy Razvan Nicolescu said Tuesday in Urziceni that he wants Romania to become an exporter of high added value products, not an exporter of gas.
Romania’s annual consumption stands at 13-14 billion cubic meters, of which around 11 billion cubic meters locally produced.