Petrom, Romania’s most important oil and gas company, could fall under the control of a Norwegian consortium that wants to acquire not only 31.5% of the Romanian company’s main shareholder, but a controlling stake of at least 51%, according to Kurier and Der Standard.
The reason is to get rid of dependence on Russian gas, the Austrian government is very interested in the operation, Austrian publications quoted by profit.ro note
A possible Norwegian takeover of OMV’s controlling interest in hydrocarbon development and production could also benefit the Neptun Deep development.
Unlike OMV, which, although it owns shares in deep offshore projects, is not the operator of any of them, Norwegian companies have the know-how necessary to develop such deposits, Profit.ro notes.
To convince the Viennese authorities, the Norwegian consortium offered to guarantee the supply of more than 80% of Austria’s annual gas consumption, namely 75 TWh. Currently, the annual gas consumption in Austria is approximately 90 TWh.
Source: Hot News RO
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