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Policy & Regulation

Romania mulls changes to gas legislation

IOCs and the European Commission are pressuring the Romanian government to change legislation that is discouraging Black Sea developments IOCs and the European Commission are pressuring the Romanian government to change legislation that is discouraging Black Sea developments.
By Silvia Favasuli 21 February 2019 Europe & Russia / Exploration & Production 0 33961
Exploration in the Black Sea, offshore Romania. (Petrom)

The key issue: The Romanian government sparked outcry late last year with changes to its oil and gas legislation that put Black Sea development projects – and the BRUA pipeline – on hold. Industry sources say these complaints have not fallen on deaf ears.

Interfax analysis: Mounting pressure from IOCs interested in producing gas from deepwater prospects in the Black Sea is forcing the Romanian government to rethink its controversial new oil and gas legislation. 

A number of well-placed industry sources, including one close to Romanian offshore...