Natural gas reserves discovered in Romania
Romania’s Petrom announced it has discovered natural gas and condensed gas reserves in eastern Romania, and
exploitation could start by the end of 2007. The company estimates that, once exploited, the field’s daily
production of natural gas and condensed gas could reach 130,000 cm and 11 tons, respectively.
„We intend to begin the development stage quite soon, and we expect production to start in late 2007 or early
2008,” said Werner Ladwein, a senior Petrom executive.
According to the exploration outcome, Petrom will continue prospecting the area, the company said. Petrom, ranked as
Romania’s biggest energy company, has an annual refining capacity of 8 mm tons and a distribution network of
more than 550 stations across Romania.
It also controls an international network of about 100 gas stations in neighbouring countries.
International statistics show that Romania has an annual production of about 13 bn cm of natural gas.
