Romania’s OMV Petrom, Romgaz edge closer to Black Sea gas extraction

It very much looks like the Black Sea region is going to be the new El Dorado for European oil and gas extraction. Especially Ukraine – after the war is over and it has reclaimed its occupied territories, might become a juggernaut. I don’t think that this is Putin’s reason for the invasion but it might have played a tiny role. What’s not going to be tiny is Black Sea oil and gas production. Europe has an option for a better future but it will take a long while to develop it all.

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