Ijdelea & Associates has provided legal assistance to Black Sea Oil & Gas and its co-venture partners in obtaining the Upstream Pipeline Operating License for the Midia Gas Development Project (MDG) from the Romanian Energy Regulatory Authority (ANRE).
Black Sea Oil & Gas is a Romania-based energy company targeting the offshore development of gas resources. The company’s current portfolio includes the MGD project, consisting of the onshore and offshore infrastructure and the two gas production licenses at the Ana and Doina gas fields in the Romanian Black Sea, wherein it is the operator and holds a 70% interest.
“The start of natural gas production from the MGD Project is scheduled for the second half of June 2022,” the ANRE announced. “The project’s estimated production capacity will be 1 billion cubic meters of gas per year, equivalent to 10% of Romania’s gas consumption. In the current context, the natural gas extracted from the Black Sea that is to enter the national transport system represents Romania’s chance to become energy independent.”
Earlier this year, Ijdelea & Associates also advised Black Sea Oil & Gas on the engineering, procurement, and construction contract for a 50-megawatt photovoltaic project (as reported by CEE Legal Matters on May 4, 2022).