Romgaz: “We are ready to take over the Neptun Deep project”

Romgaz is ready to take over ExxonMobil’s participation in the Neptun Deep gas project in the Black Sea, and the financing method will be a mixed one, consisting of its own sources and attracted sources, according to Aristotel Jude, general manager of Romgaz.

“On March 31, we submitted an offer to take over ExxonMobil’s participation in the Neptun Deep perimeter. The procedure is organized by an intermediary bank and we are waiting for the answer as soon as possible. If our offer is considered attractive, we will negotiate the contract to take over this participation,” Jude said.

“Romgaz is ready to provide through a consortium of banks the necessary financing for the realization of this project. So, we will ensure the payment of the participation both from our own sources and from the attracted sources, conditioned, of course, by the acceptance of the offer. The company is ready for such a project and we are confident that Romgaz’s corporate life will change. This is the first time that such large financing will be attracted, we are making all the changes to prepare, we are adapting our development strategy,” Jude explained.

Source: Agerpres