S.N.G.N. Romgaz S.A. ROMGAZ BLACK SEA Ltd. Contract (2564T)
March 16 2023 - 9:40AM
UK Regulatory
TIDMSNGR
RNS Number : 2564T
S.N.G.N. Romgaz S.A.
16 March 2023
March 16, 2023
A N N O U N C E M E N T
S.N.G.N. ROMGAZ S.A. informs its shareholders and investors that
its subsidiary, ROMGAZ BLACK SEA LIMITED, concluded today, March
16, 2023, a transmission framework agreement for transportation of
natural gas to be produced from Neptun Deep through the National
Transmission System.
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.
According to 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 September 2026 - September 2042.
S.N.G.N. ROMGAZ S.A. CEO, Mr. Razvan Popescu, states : "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".
Chief Executive Officer,
R zvan POPESCU
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END
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