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OMV Petrom delivers 1st LNG in Romania

The largest energy company in Southeastern Europe is expanding its gas business in Romania

OMV Petrom delivers 1st LNG in Romania

Bucharest, September 17 - Neftegaz.RU.Austro-Romanian oil company OMV Petrom has completed the 1st ever delivery of LNG in Romania, the company announced on September 17, for fuelling a ship at the port of Mangalia.

The ship in question was built at the Damen shipyard at Mangalia.
OMV Petrom is looking to expand its gas business in Romania, attracted by strong demand prospects and viewing gas as having a key role to play in the country's energy transition.

In June it secured a licence to commercialise LNG in Romania, and earlier this month it launched a new gas sales platform.

LNG produces less CO2 and other emissions compared with oil-based fuels, and is expected to see a rapid expansion in use in shipping over the coming years, as vessel owners seek to comply with stricter rules on pollutants.

Shipping services group Clarksons recently estimated that 30% of new ships ordered this year in gross tonnage terms will be designed to run on LNG.

At the end of 2020, OMV Petrom sold all its onshore oilfields in Kazakhstan to focus on its portfolio in the Black Sea region.

Author: Joseph Murphy

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