• Natural Gas News

    OMV Petrom launches gas sales platform

Summary

In June the company secured a licence to commercialise LNG in Romania.

by: Joseph Murphy

Posted in:

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

OMV Petrom launches gas sales platform

The Romanian arm of Austria's OMV, OMV Petrom, announced on September 1 it was establishing a new digital platform for gas sales to small- and medium-sized enterprises, further consolidating its position on the Romanian gas market.

Clients can conclude supply contracts on the utilio.ro platform, which can be accessed via any device including tablet and phone. It takes 20 minutes for a new client to conclude and validate a contract, OMV Petrom said.

OMV Petrom is biggest oil and gas producer in Romania and in southeast Europe. In another move to expand its gas business, the company in June secured a licence to commercialise LNG in Romania. It has said it views gas as having a central role in Romania's energy transition, in part by helping the country phase out coal-fired power.

OMV Petrom wants to bring extra 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. The field has been estimated to hold 84bn m3 of gas.