On March 10, Romanian Energy Minister Sebastian Burduja and Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó signed an agreement in Budapest aimed at ensuring the security of natural gas supply between the two countries.
Burduja emphasized that both nations have committed to responding swiftly in crisis situations to protect consumers. However, he did not disclose the specific details of the agreement.
While the contents of the deal remain unclear, both ministers showed a strong interest in the natural gas produced by Romania’s Neptun Deep offshore project. Burduja encouraged this collaboration, provided that Romania’s domestic demand is prioritized before any exports from the Neptun Deep production.
The future of Neptun Deep gas became a sensitive issue after OMV Petrom signed an export deal with a German customer. Similarly, production from another offshore gas field in Romania’s Black Sea, operated by BSOG, was contracted for export to Bulgaria.
Szijjártó expressed Hungary’s eagerness to cooperate with Romania on energy, noting that Romania is set to become a net exporter of natural gas soon as a new offshore field is expected to begin production.
Burduja responded, stating that Romania had no issue replacing Hungary’s dependence on Russian gas with its own supply. He emphasized that Romania is a reliable partner with European values, and assured that any excess gas not needed for domestic consumption would be sold at a fair price to benefit Romania’s economy, development, and job creation.
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