Romanian energy regulator approves infrastructure worth €758 million for Neptun Deep Project

Business Forum
Romania's National Energy Regulatory Authority (ANRE) has granted the establishment authorization for the upstream supply pipelines essential for natural gas production within the strategic Neptun Deep project.

The total value of the authorized works is estimated at RON 3.77 billion (€758.38 million) - excluding VAT. 

This decision marks a crucial stage in the development and exploitation of Romania's most significant natural gas discovery in recent decades. 

The authorization specifically covers the critical infrastructure connecting the offshore exploitation perimeter in the Black Sea to the onshore terminal in the Tuzla commune. This infrastructure is vital for transporting natural gas from the Black Sea to the national grid. 

George Niculescu, President of ANRE, said: "Granting this establishment authorization represents another important step towards the efficient capitalization of Romania's strategic resources in the Black Sea. Neptun Deep is not just an energy project, but a starting point for Romania's ambitious plan to become an energy security exporter in the region. ANRE remains firmly committed to supporting investments that aim to transform Romania into an energy champion of Central and South-Eastern Europe." 

The approved objectives include transport pipelines from the offshore to the onshore area, beach, cliff, road, and railway crossings, the Tuzla regulating-measuring station (SRM Tuzla), and associated infrastructure such as a control center, platforms, lighting, and fences. 

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Hidroelectrica posts 122% profit surge in Q1 2026
Energy

Hidroelectrica posts 122% profit surge in Q1 2026

Romanian energy giant Hidroelectrica recorded a net profit of €263 million in the first quarter of 2026, marking a 122% increase compared to same period last year, according to a report submitted to the BVB.

Industry

Digi Communications reports 10% revenue growth in Q1 2026

Digi Communications reported consolidated revenues of €583 million in Q1 2026, a 10% year-on-year increase. At the same time, adjusted EBITDA (excluding IFRS 16 impact) reached €161.2 million, up 15% compared to Q1 2025.

Industry

Uber launches hotel bookings and AI voice features

Uber Technologies announced new products and features at its annual Go-Get product event, including hotel bookings and travel tools that are planned to roll out globally in the coming months.

Finance

CEC Bank gets rating upgrade from Fitch

Fitch Ratings has upgraded CEC Bank's Long-Term Issuer Default Rating from BB to BB+ with a Stable Outlook, following the publication of Fitch's updated Bank Rating Criteria on 8 May 2026.

READ MORE
Business Forum  |  15 May, 2026 at 11:00 AM
Business Forum  |  15 May, 2026 at 7:26 AM