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Romania’s Romgaz eyes expansion abroad

Romgaz is looking to diversify overseas and is courting SOCAR to enter into a partnership Romgaz is looking to diversify overseas and is courting SOCAR to enter into a partnership.
By Silvia Favasuli 24 January 2019 Europe & Russia / Pipelines, Storage & Power 0 33866
A Romgaz gas plant. (Romgaz)

The key issue: Romania’s Romgaz is looking to partner with State Oil Company of Azerbaijan Republic in a bid to diversify away from the Romanian market, where a cap on gas prices has made production less profitable.

Interfax analysis: A move by Romanian state-owned oil and gas company Romgaz to tap up State Oil Company of Azerbaijan Republic (SOCAR) is a signal of how toxic Romania’s gas policy has become.

The chief executives of the two companies met in Baku on Monday to sign a preliminary collaboration...