Romania to Become Net Exporter of Gas by 2020, Sterling Says

 

Romania may become a net exporter of natural gas by 2020, with major discoveries possible this year amid forecasts that put the country’s total Black Sea  reserves at 600bcm. “This is the most active year for exploration and drilling yet in the Romanian Black Sea,” Mark Beacom, general manager of the Romanian unit of Canada’s Sterling Resources Ltd., said in an interview in the Bulgarian capital Sofia today. “I assume with all the drilling that will take place in 2013 we will see major discoveries.”

Read More…