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Romania’s Transgaz to start natural gas by 30% by May 2024. for €301mn. The deal includes 120 petrol
“Natural gas is still the cheapest source
stations under the OMV, Euro Truck and
works on pipeline for Neptun of energy in Serbia and it will continue to Avanti/DISKONT brands.
be so. However, it will not be cheep as it use
The Hungarian oil and gas giant is
Deep offshore gas to be. At least when it come’s to the issue of already the third-largest fuel retailer with
53 pump stations on the market prior to the
producing heating power,” said Bajatovic in
Romanian oil and gas company OMV the interview with Euronews Serbia. transaction.
Petrom has signed a contract on the natural He said that Srbijagas will not take INA holds 7.75% in OMV Slovenija at
gas to be extracted from the offshore money from Serbia’s budget, “at least, not present, but that stake is set to rise to 33%
perimeter Neptun Deep with the national more than is agreed with the IMF”. under a contract signed with MOL.
gas transport system operator Transgaz, the According to him, the price of natural In June 2022, the EC said it opened an
company announced. gas on the stock market is currently $450- in-depth investigation to assess the planned
The project consists of the construction 460, which with additional costs is $500 per acquisition as the merger between the
of a 308.3 km gas transmission pipeline 1,000 cubic metres. However, Serbia bought second and third-largest players could hurt
Tuzla-Podisor to connect the Black Sea massive quantities of gas while the price was competition, leading to an oligopolistic
available gas to the BRUA corridor, thus $727, which Srbijagas is now selling on the market. The condition for the takeover was
enabling the transmission of gas through domestic market for just $393. that MOL divests the bulk of the 53 petrol
existing interconnections. “Someone has to pay the difference. The stations it had in Slovenia.
“Today we took an important step second increase will definitely depend on The largest player on the Slovenian retail
together with our partners. We believe that the liquidity of Srbijagas and what we get fuel market is Petrol.
the Black Sea has significant potential for from the state budget,” said Bajatovic. In a separate statement issued on March
natural gas production, and Neptun Deep He added that under an agreement 14, MOL confirmed the details of the
is a strategic project for OMV Petrom and struck between Serbian President transaction. MOL Group has close to 2,500
for Romania. It is at the heart of our 2030 Aleksandar Vucic and Russian President petrol stations in 10 countries in the region.
strategy and will play an essential role in Vladimir Putin, Serbia is paying $330 per
Romania’s energy security. We are planning 1,000 cubic metres of gas. However, Serbia
the final investment decision for mid-2023, is now diversifying its natural gas suppliers. Trillion Energy announces
with production set to begin in 2027,” stated
Christina Verchere, CEO of OMV Petrom. ‘abundance of gas pay’ during
The contract was concluded for the Kazakhstan to supply another
period September 2026 to September 2042. Turkish Black Sea drilling
The project has a current estimated value of 20,000 tonnes of crude via
approximately €478mn (VAT included). Trillion Energy on March 14 announced
On the basis of the transmission tariffs Druzhba to Germany in March preliminary gas indications from the West
applicable at the current date, the value of Akcakoca 1 well, the fourth well in the
the contract is estimated at €276mn. Kazakhstan’s Energy Minister, Bolat multi-well programme at the SASB Black
Based on this contract, Transgaz will Akchulakov, announced on March 14 that Sea gas field in Turkey.
begin work on the infrastructure needed. the country has plans to send 20,000 tonnes The company said: “On March 10, West
The signing of the contract between of crude to Germany this month through Akcakoca 1 reached 3,839 metres total
OMV Petrom and Transgaz took place the Russian Druzhba pipeline, followed by measured depth (TMD) and true vertical
after the successful completion of the another 20,000 tonnes in April. depth (TVD) of 1,677 meters. During
incremental capacity booking process for Akchulakov also stated that the agreed the drilling, an abundance of gas pay was
the entry/exit point to/from the Tuzla NTS. total supply volume for 2023 would be discovered. Our analysis of logging while
OMV Petrom became the operator of the 300,000 tonnes. drilling (LWD) data suggests 55 metres of
Neptune Deep perimeter in August 2022. That volume could potentially be potential natural gas pay within 6 sands in
At the end of 2022, the company submitted increased to 1.2mn tonnes, but this would the Akcakoca member (SASB production
the commercial discovery declaration for require further commercial agreements, he zone).
the deposit. Currently, the company is said. “The logging while drilling data is
progressing with the tender procedure, consistent with the initial mud show results.
authorisation and other technical topics. The 7” production casing will be run in and
MOL Group parts with 39 cemented this week. The initial perforation
intervals are currently being selected to
Srbijagas to increase gas price Slovenian petrol stations bring the well into production. Completion
and flow testing will occur once the well is
by up to 10% in May Hungary’s MOL Group is selling 39 of perforated, with revenue being generated
its petrol stations in Slovenia to Shell to
prior to month end.”
Head of Serbia’s state-owned gas company win European Commission approval of After completion of the West Akcakoca
Srbijagas Dusan Bajatovic announced on its acquisition of OMV Slovenija, MOL’s 1 well, the rig will be skidded back to the
February 15 that the price of natural gas will Croatian unit INA said on March 14. The Guluc-2 well for completion, said Trillion,
be increased in May. acquisition of the country’s second-largest adding that the Guluc-2 well is scheduled
Bajatovic said that increase will not fuel oil distributor has entered “the final to be put onto production by the end of
be bigger than 10% and that any further phase”, it added. March.
increase will depend on the situation on the MOL’s divestment includes five stations Arthur Halleran, CEO of Trillion, said:
stock market — despite a memorandum with MOL Plugee EV charging posts, ‘That is 4 for 4 success at SASB, as Trillion
signed between Serbia and the International Hungarian media writes. successfully executes its gas development
Monetary Fund (IMF) saying that the price OMV announced in June 2021 that it program at SASB. We eagerly await the gas
of electricity will be increased by 26% and agreed to sell its Slovenian unit to MOL flow rates and plan to put the wells into

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