Romania Romgaz, Gazprom To Carry On Gas Talks – Official

Economy Minister Adriean Videanu and Romgaz’s head met earlier Wednesday with Gazprom vice-president Alexander Medvedev. The officials talked about setting up a natural gas storage facility in Romania.

Both Videanu and Medvedev declined to give a statement after the meeting.

Romgaz and Gazprom signed in June last year a memorandum to set up a joint company to develop natural gas storage facilities in Romania. The joint venture would also invest in power production.

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Romgaz Medias is majority owned by the Economy Ministry. The company plans to invest 1.2 billion lei (EUR1=RON4.1196) in 2010, a 41% increase from last year.