Once production begins in 2027, Neptun Deep will double Romania’s gas production and is likely to turn the country into a net exporter at a time when the EU is phasing out Russian gas, reports Reuters.
It would also supply gas to Germany and Moldova, with other European countries such as Slovakia also showing interest in the project.
The project is of strategic importance amid EU efforts to reduce dependence on Russian gas. New production volumes could be a crucial element in diversifying energy supplies in the region.
