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Black Sea offshore natural gas boosts EU energy security – POLITICO

At a time when energy security is becoming crucial for Europe, amid all the challenges posed by the Russian war in Ukraine, the exploitation of Romanian natural gas from the depths of the Black Sea appears as a tangible factor to strengthen security energy supply of countries in the region. , and for the entire European Union.

The European Union is seeking solutions for a sustainable transition and energy security, and Romania’s role within the EU is gaining importance as the 2027 deadline approaches, when Romania will become the leading European producer of natural gas. Romania must therefore embark on a new phase of its economic development, while pursuing the climate objectives of the European Union.

Romanian natural gas from the depths of the Black Sea appears to be a tangible factor in strengthening the security of energy supply, for the countries of the region and for the entire European Union.

And the Neptun Deep natural gas production project is attracting attention as a focal point. Black Sea natural gas should not be considered superficially as a simple commercial matter in Romania or simply as an object of ecological debates. A real resource for national economic growth, offshore natural gas extracted from the Black Sea will, for decades to come, be a central piece of the puzzle of European energy security as a whole.

Recently, during a presentation of the Neptun Deep project to the European Parliament, the idea was highlighted that offshore gas production in the Black Sea represents an important basis for the security of energy supply in the region. By exploiting the natural gas resources of the Black Sea, Europe is taking important steps to reduce its dependence on energy imports – particularly from Russia – and guarantee regional energy independence. Even the chairman of the ITRE committee of the European Parliament, Cristian Bușoi, highlighted the multiple benefits that the Neptun Deep project brings to the European Union: from contributing to the energy transition to supporting economic sectors and improving the competitiveness. “By exploiting Black Sea gas, Romania contributes to Europe’s energy security and the competitiveness of European industry,” he said. “I believe it is important to exploit both onshore and offshore potential, as this can help us replace imports from Russia more quickly, but also reduce imports from regions with low environmental standards overall. , such as North Africa or the Middle East. The Black Sea and Romania can become guarantors of energy security and contribute to Europe’s industrial competitiveness.”

Romania’s role within the EU is gaining importance as the 2027 deadline approaches, when Romania will become Europe’s leading producer of natural gas.

With an impressive capacity of around 8 billion cubic meters per year, the offshore gas production project in the Black Sea thus appears to be a crucial source of natural gas for Europe. This initiative fits perfectly with the objectives of the REpowerEU programme, which aim to reduce dependence on gas imports from Russia and support the energy transition towards safer and cleaner sources. Additionally, by replacing coal and providing a consistent resource to complement renewable energy, the Neptun Deep project significantly boosts decarbonization efforts.

Daniel Apostol is the general director of the Romanian Federation of Oil and Gas Employers. | via FPPG

The production of natural gas from the deep seabed of the Black Sea is essential to reduce dependence on gas imports and, more importantly, to consolidate the energy security of the entire European community: it will reduce vulnerability to fluctuations in the global natural gas market and provide essential resources for a transition to green energy sources, in an equitable and sustainable manner for citizens, the State and investors in energy production.

Offshore natural gas extracted from the Black Sea will, over the coming decades, constitute a central piece of the puzzle of European energy security as a whole.

Major investments of around 4 billion euros in the development phase of the Neptun Deep project portend considerable production of around 100 billion cubic meters of natural gas. This exploitation promises not only substantial revenues for the state in the form of taxes and royalties, but also the possibility of directing these funds towards key sectors of the Romanian economy and society. Success in the production of Black Sea natural gas is not just about numbers on paper, but can lead to a significant increase in local economic activity, generating jobs and boosting related sectors such as construction and Services. Therefore, the integration of Black Sea natural gas into the national energy mix is ​​the cornerstone of the country’s energy future, essential for diversification and national resilience.

But the exploitation of this resource also opens the doors to regional collaboration, strengthening cross-border relations and contributing to regional stability. Romania cannot remain passive in European energy decisions. Through its active participation in EU initiatives, Romania can become an influential actor in shaping the European energy future, contributing to the formulation of clear guidelines for community energy governance. Thus, Romania, with its complex geography and rich history, is facing a turning point regarding its energy and economic future within the European Union.

And Black Sea natural gas is not just an economic resource for Romania: it is a vital factor in consolidating the energy security of the EU as a whole.

Politico

Sara Adm

Aimant les mots, Sara Smith a commencé à écrire dès son plus jeune âge. En tant qu'éditeur en chef de son journal scolaire, il met en valeur ses compétences en racontant des récits impactants. Smith a ensuite étudié le journalisme à l'université Columbia, où il est diplômé en tête de sa classe. Après avoir étudié au New York Times, Sara décroche un poste de journaliste de nouvelles. Depuis dix ans, il a couvert des événements majeurs tels que les élections présidentielles et les catastrophes naturelles. Il a été acclamé pour sa capacité à créer des récits captivants qui capturent l'expérience humaine.
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