Romgaz and Gazprom could exploit new natural gas deposits in other countries

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Romgaz and Gazprom discussed about a likely cooperation in the exploitation of some natural gas deposits in countries as Iraq, Azerbaijan, Turkmenistan and Russia, announced on Friday Minister of Economy, Trade and Business Environment Adriean Videanu in a press conference.

“Romgaz and Gazprom could cooperate in the exploitation of some natural gas deposits in other countries than Romania, respectively in Iraq, Azerbaijan, Turkmenistan or Russia. Romgaz has for instance geological data on some deposits in Iraq and in other states. The Russian side said it was open to cooperation with Romgaz to this end”, underlined Videanu.

At the same time, in the framework of Wednesday talks with Gazprom officials, Romania and Russia discussed the conclusion of a new agreement on natural gas transit in the Balkan zone because the current contract will expire this year. “We also discussed the conclusion of a new transit agreement for natural gas in the Balkan zone because the current one comes to an end. We will start negotiations in March”, underlined the Economy Minister.

As for direct imports from Russia to Romania, the Minister of Economy said that the Russian side was ready to start negotiations when the current contracts come to a close. “Russia is ready to start negotiations when the contracts through Russian-German Wintershall and Imex Oil expire, in order to directly supply natural gas to Romania and we are going to negotiate the imported quantities and the price”, remarked Videanu. Current contracts expire in 2012.

As well, the Romanian side insisted in its cooperation with Russia on investments into energy production, based on natural gas and co-generation. “We insisted on what it means cooperation in investments into energy production based on gas and in co-generation. Russia was interested in this matter because Gazprom is also the largest energy producer”, Economy Minister also said.

In 2009, Russian Gazprom Group exported to Romania a quantity of 2.05 billion cubic meters of natural gas, 43 percent less than 3.575 billion cubic meters exported in 2008. In exchange, in Q4 2009 compared to Q4 2008 Gazprom exports to Romania increased by 67 percent, to 500 million cubic meters in Q4 2009 from 300 million cubic meters in Q4 2008.
This happened after in Q1 last year Gazprom exported to Romania a quantity of 240 million cubic meters, down from 795 million cubic meters in Q1 2008. A more accentuated decline was in Q2 2009, when Gazprom exported to Romania 390 million cubic meters compared to 1.28 billion cubic meters in Q2 2008.

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