The transmission framework agreement was concluded with the national gas transmission system operator, S.N.T.G.N. TRANSGAZ S.A., following the successful completion of an incremental capacity booking process in compliance with procedures approved by the National Energy Regulatory Authority (ANRE).
“Signing the contract is an important milestone for the development of Neptun Deep Project, the document being, among others, one of the conditions required to implement both offshore investments and investments for the development of the gas transmission infrastructure required to take over the gas quantities to be produced in Neptun Deep block,” said ROMGAZ Chief Executive Officer (CEO) Razvan Popescu.
Under the agreement, the required technical capacity is booked for acceptance in the National Transmission System, allowing natural gas from Neptun Deep block to enter the market. The agreement was concluded for the September 2026 – September 2042 period.
With a currently estimated value of approximately EUR478 million (VAT included), the project consists of the construction of a 308.3 km gas transmission pipeline Tuzla-Podisor to connect the Black Sea available gas to the BRUA corridor, thus enabling the transmission of gas through the existing interconnections. This pipeline will be connected to the existing international gas transmission pipeline T1. The pipeline is telescopic and comprises two sections: section I: Black Sea Shore – Amzacea (32.4 km; technical capacity: 12 bcma) and section II: Amzacea – Podisor (275.9 km; technical capacity: 9 bcma)
OMV Petrom became the operator of the Neptun Deep block in August 2022. At the end of 2022, the company submitted the declaration of commerciality for the field. Currently, the company is progressing with the tendering process, permitting and other technical matters.