• Natural Gas News

    OMV Petrom delivers first LNG in Romania

Summary

The Austro-Romanian company is expanding its gas business in Romania.

by: Joseph Murphy

Posted in:

Complimentary, Natural Gas & LNG News, Europe, Corporate, Exploration & Production, News By Country, Romania

OMV Petrom delivers first LNG in Romania

Austro-Romanian oil company OMV Petrom has completed the first 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.