European gas issues: Successful maintenance of Midia gas project

BSOG has completed the first scheduled maintenance of its Midia gas project in Romania, marking a key milestone in gas production in Europe.

Partagez:

Private equity-backed Black Sea Oil & Gas (BSOG) announced that it had completed its first planned maintenance of the Midia gas project and resumed full production on October 26. The project, which began production in June 2022, is estimated to produce around 10 billion cubic meters (Bcm) of gas, and currently operates at an equivalent of 1 Bcm per year.

Composition and partners of the Midia project

After 16 months of gas production with 100% delivery to its purchaser, the project facilities underwent a three-day period of inspections, cleaning and maintenance. This operation is designed to guarantee another year of 100% gas delivery until the next maintenance. The Midia project comprises the Doina and Ana offshore fields, with a total of five offshore production wells, one subsea well at Doina and four platform wells at Ana.

A 126 km pipeline links the Ana platform to an onshore gas processing plant with a capacity of 1 Bcm per year. BSOG, majority-owned by the Carlyle Group, holds 70% of the project. Its partners are Petro Ventures Resources with a 20% stake and Italian gas producer Gas Plus Dacia with 10%.

Romania as future leader in EU gas production

The initiative helped boost Romania’s gas production last year, with a total year-on-year increase of 2% to 97.82 TWh (9.2 Bcm). Romania is currently the EU’s second largest gas producer after the Netherlands, but is set to become the leading producer with the start-up of the Neptun Deep field in 2027.

With gas prices still relatively high in Europe, the EU continues to look for new sources of supply. Romania’s Black Sea gas is an obvious option for accelerated development.

BSOG’s successful completion of the first planned maintenance of the Midia gas project marks a major step towards securing Europe’s gas supply. With Romania poised to become the EU’s leading gas producer, all eyes are on the future and the opportunities this could offer in terms of diversifying energy sources.

  • Populaires ​
Chevron and Energy Transfer Expand Their LNG Agreement at Lake Charles
France: EDF and Marcegaglia conclude a ten-year electricity agreement in Fos-sur-Mer
BrightNight launches 300 MW solar plant in Arizona with Cordelio Power
Woodside completes sale of 40% stake in Louisiana LNG project to Stonepeak
Trianel deploys 900 MW battery to bolster German grid flexibility
The drilling fluids industry will reach $10.7bn by 2032 driven by oil expansion and chemical innovations
The increase in oil drilling, deepwater exploration, and chemical advances are expected to raise the global drilling fluids market to $10.7bn by 2032, according to Meticulous Research.
Enbridge Gas Ohio challenges tariff ruling cutting its revenues by $30mn
Enbridge Gas Ohio is assessing its legal options following the Ohio regulator's decision to cut its revenues, citing potential threats to investment and future customer costs.
Global small-scale LNG market to reach $31.78bn by 2030
The small-scale liquefied natural gas market is forecast to grow at an annual rate of 7.5%, reaching an estimated total value of $31.78bn by 2030, driven particularly by maritime and heavy-duty road transport sectors.
Europe extends gas storage obligations until 2027
The European Union extends gas storage regulations by two years, requiring member states to maintain a minimum fill rate of 90% to ensure energy security and economic stability amid market uncertainties.
Keranic takes over Royal Helium and fast-tracks Steveville plant restart
Keranic Industrial Gas seals a sixty-day exclusivity deal to buy Royal Helium’s key assets, raise CAD9.5mn ($7.0mn) and bring Alberta’s Steveville plant back online in under fifteen weeks.
Fusion Fuel: Al Shola Gas secures AED4.4 mn ($1.2 mn) in contracts
The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.
Cheniere Energy Approves Expansion of Corpus Christi LNG Terminal for 2029
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
LNG industry could reduce emissions by 60%, according to IEA
A study by the International Energy Agency reveals that global emissions from liquefied natural gas could be significantly reduced using current technologies.
Europe accelerates gas storage filling despite declining reserves
Europe is injecting natural gas into underground storage facilities at a three-year high, even as reserves remain below historical averages, prompting maximized imports of liquefied natural gas (LNG).
Seoul freezes electricity rates amid LNG supply risk concerns
South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.
Russia ready to deliver liquefied natural gas to Mexico
Russia positions itself to supply liquefied natural gas to Mexico and considers expanded technological sharing in the energy sector, according to Russian Energy Minister Sergey Tsivilyov.
Israel resumes gas exports to Egypt and Jordan
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.
Nepal Identifies Major Methane Reserve Estimated at 112 Billion m³
Nepal reveals a significant potential reserve of methane in the west of the country, following exploratory drilling conducted with technical support from China, opening new economic prospects.
Petronas and JOGMEC Sign Strategic Agreement around LNG Canada Project
Petronas formalizes a memorandum with JOGMEC to secure Japanese LNG deliveries, including a first cargo from LNG Canada scheduled for July at Toho Gas.
Serbia negotiates gas deal with Gazprom at competitive European price
Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.
TotalEnergies and QatarEnergy secure strategic exploration licence in Algeria
TotalEnergies and QatarEnergy have won the Ahara exploration licence, marking a new stage in their partnership with SONATRACH on a vast area located between Berkine and Illizi.
TotalEnergies plans to restart its Mozambique gas project by summer 2025
After four years of interruption due to regional insecurity, TotalEnergies announces the upcoming resumption of its liquefied natural gas project in Mozambique, representing a $20bn investment.
TotalEnergies strengthens Malaysian foothold with new offshore blocks
The French group has acquired from PETRONAS stakes in several licences covering more than 100,000 km² off Malaysia and Indonesia, consolidating its Asian presence and its exposure to the liquefied natural gas market.
Egypt secures 290 LNG shipments to meet summer demand
In response to rising summer electricity consumption, Egypt signs import agreements covering 290 shipments of liquefied natural gas, involving major international firms, with financial terms adjusted to the country’s economic constraints.
Egypt: fertilizer companies halted after suspension of Israeli gas
Egyptian fertilizer producers suspended their activities due to reduced imports of Israeli gas, following recent production halts at Israel's Leviathan and Karish gas fields after Israeli strikes in Iran.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS