Hungary has begun talks with Romania to purchase natural gas from the Black Sea as part of plans to reduce its dependence on Russian energy supplies. The imports could come from the Neptun Deep field, where production is scheduled to begin in 2027, Hungarian Economy and Energy Minister Istvan Kapitany announced, according to The Moscow Times.
The Budapest official confirmed that talks had taken place on the possibility of Hungary purchasing gas extracted from the Romanian field.
“We discussed what needs to be done to enable Hungary to buy and import gas from the Black Sea,” the Hungarian minister said.
Meanwhile, the authorities in Budapest are seeking to expand energy cooperation with Croatia. According to Kapitany, the two countries need to work out the commercial details of the partnership and identify the available capacity for gas deliveries through their pipeline networks.
The Neptun Deep project, being developed in the Black Sea by OMV Petrom and Romgaz, is jointly owned by the two companies, each holding a 50% stake.
The area’s recoverable natural gas resources are estimated at approximately 100 billion cubic metres. Total investment in the project’s development amounts to around €4 billion, and once full production capacity is reached, annual output could rise to eight billion cubic metres.
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