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    OMV Petrom enters LNG distribution

Summary

The Austro-Romanian firm drew attention to LNG's potential in the mobility sector and as an energy source in areas lacking connection to the national gas grid.

by: Joseph Murphy

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Complimentary, Natural Gas & LNG News, Europe, Liquefied Natural Gas (LNG), Corporate, News By Country, Romania

OMV Petrom enters LNG distribution

OMV Petrom has secured a licence to commercialise LNG in Romania, the Austro-Romanian group said on June 22, expanding its presence in the country's natural gas market.

The company noted that LNG could be used in mobility as an alternative to conventional oil-based fuels, reducing emissions, and as an energy source in areas lacking connection to the national gas grid.

"We believe that natural gas plays an essential role in the energy transition of Romania, especially due to the fact that we can access these resources," OMV Petrom's head of downstream gas, Franck Neel, commented. "Natural gas has multiple applications in power production, transportation and industry, and can also contribute to reducing emissions and strengthening energy security. And liquefied natural gas represent a cleaner solution for the mobility sector."

OMV Petrom wants to bring gas onto the Romanian market from the offshore Neptun Deep project, but has complained that regulatory conditions are not suitable for taking a final investment decision.