Romanian Gas Producer Romgaz Could Up Daily Output, Can’t Fully Replace Russian Imports

Romanian natural gas producer Romgaz could increase its output by a daily maximum of 0.5-1 million cubic meters, but can’t completely replace the lack of Russian gas imports, company general manager Lucian Stancu told MEDIAFAX.

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"It is possible to increase our output. Since the Russian gas crisis started, we have incased production by 1-1.5 million cubic meters per day, but we can’t totally cover the lack of imports,” Stancu said.

He added that Romgaz could further increase its daily output by an additional 0.5-1 million cubic meters of gas.

Energy experts in the 27 member states of the European Union proposed Friday to increase production of natural gas in Norway, Britain, Romania and Poland in a bid to compensate for the halt in Russian gas deliveries to Europe, AFP cited the European Commission as saying.

Romania’s main gas producers are vertically integrated oil and gas company Petrom and gas producer Romgaz.

Petrom said it is producing gas at maximum capacity and an increase in output could be achieved with massive investments in exploration and production.

"Petrom has been producing gas at maximum capacity for years and the company’s priority is to increase its output by massive investments in exploitation, production and the finding of new gas fields," said company spokesman Dan Pazara.

Romania’s natural gas output decreases annually as resources are naturally depleted. Petrom and Romgaz have found new resource areas last year, but their exploitation won’t fully compensate for the depletion of current resources.

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