Economy

03 November, 2026 / 13:10

/ 07 May, 2025

Energocom announces three-year contract with OMV Petrom

Energocom has signed its first long-term procurement contract with OMV Petrom, one of the energy market leaders in the region.

According to the Ministry of Energy, under the contract, Energocom company will purchase natural gas from Neptun Deep project. This is the largest natural gas project in the Black Sea and the first deepwater offshore project in Romania. Neptun Deep has estimated reserves of about 100 billion cubic meters of natural gas, which will contribute to positioning Romania as the largest natural gas producer in the European Union.

Deliveries will be made at the virtual trading point (VTP) in Romania, ensuring a steady flow of natural gas for the Republic of Moldova.

Energy Minister Dorin Junghietu stated that this contract will contribute to diversifying supply sources and thus to the country's energy security.

“After Russia reduced gas deliveries to the Republic of Moldova in 2021, Energocom demonstrated that it could bring liquefied natural gas from overseas, and now it secures deliveries from the largest offshore project in the Black Sea, which is set to start extraction in the near future,” the minister said.

In 2024, Energocom covered 83.72% of the total gas volume consumed in the Republic of Moldova.

Comment

Latest News

LIVE // Building Moldova: Government presents strategic investment projects from Growth Plan

Minister of Economic Development and Digitalization announces broad reform of state enterprises

Economy Minister announces simplified rules for small entrepreneurs and cybersecurity measures

International parcels valued under €150 to be subject to VAT starting 1 November

Government seeks external support for energy compensation in winter 2026–2027

Moldelectrica gets required documents for design of 400 kV Bălți–Suceava power line

APP head announces measures to facilitate privatization and reorganize state-owned enterprises

Ministry of Agriculture proposes extending licensing of grain and oilseed imports by late year

PHOTO // Romanian PM visits Chisinau Electrical Substation, which entered works acceptance procedure

Moldova might start importing gas from Neptun Deep field as of next autumn

VIDEO // Romanian investments in Moldova created 12,000 jobs

PM invites Ukrainian companies to invest in Moldova

Moldova could serve as platform for Ukrainian businesses expanding into Romanian market

Republic of Moldova fully covered electricity consumption on October 19–25

Legislative package on local public administration reform discussed with representatives of local authorities’ associations of Moldova

Strengthening Moldovan-British strategic partnership, support for reintegration process discussed in London

Strengthening Moldovan-British strategic partnership, support for reintegration process discussed in London

Gagauzia elections: November 5 deadline for submitting applications to authorize opinion polls

Legislative activity in October: Parliament passed 29 legislative acts

PHOTO // Europe and Central Asia Care Action Agenda 2026–2030 launched in Chișinău

Customs Service collected over 905 million lei last week

VIDEO // Registration opens for energy compensation for 2026–2027 cold season

Citizens of Gagauzia can request mobile ballot box for regional elections

Voting process ends at new local elections, local referendum in Moldova

Moldovan government rejects allegations regarding Ukrainian grain in Giurgiulesti: “This is false information”

Over 32 per cent of voters cast ballots in Moldova by 18:00

Almost 25 per cent of voters cast ballots by 15:00 in seven Moldovan localities where elections are held

Elections, referendum held in Moldova: more than 2,800 people vote by noon; highest turnout recorded in Hasnasenii Mari

New rules for online purchases from abroad in Moldova; what changes as of November 1

Over 440 voters cast ballots by 09:00 in Moldova's localities where elections are held

See more