Romanian gas producer Romgaz develops largest onshore gas field discovered in 30 years

Romanian gas producer Romgaz presented on Friday the largest onshore gas field discovered in the last 30 years by the Romanian state. The gas field, located in Caragele, Buzau county, is estimated at about 25- 27 billion cubic meters of gas. It is the most important discovery after the Romanian Revolution, said Prime Minister Sorin Grindeanu. Its exploitation would ensure the country's energy independence for two or three years, Grindeanu added. “I would like to encourage such projects, and here we are talking about a one hundred percent Romanian company, Romgaz,” the PM said. Prime Minister Sorin Grindeanu and Energy Minister Toma Petcu, accompanied by the Social Democrat leader Liviu Dragnea attended the Romgaz presentation on Friday. The Energy Ministry holds 70% of Romgaz’s shares while the remaining 30% are in the portfolios of local and foreign investors. editor@romania-insider.com