About Event

The Diplomat Bucharest magazine continues its series of energy events with "Beyond Strategy: Oil and Gas Projects in Place", conference dedicated to companies and entities active in the oil & gas industry, that through the implementation of successful projects ensure the sustainable and strategic development of Romania.

The conference, organized with the support of Ministry of Energy, will take place on 15 September 2017 at the InterContinental Hotel - Rapsodia Hall, in Bucharest, starting 8:30.

As it emerges from the four scenarios of the Romanian Energy Strategy, natural gas will play an important role, with expected significant increases in the energy mix starting 2020. Even though currently about 15% of the national electricity production is based on hydrocarbons, natural gas could become the main fuel in 2030 for domestic energy production, with a 45% share.
In the short term and even in the medium term, Romania will face a decline in domestic onshore oil and gas production, and the Black Sea natural gas resources expected to come into exploitation in the first part of the 2020s, depending on the oil and gas prices in the worldwide markets.
The exploitation of indigenous resources could be one of the smart options at present, both in terms of economic, social, economic benefits and from the point of view of meeting EU targets. However, the idea of national energy security must take precedence over energy independence.
Under these circumstances, Romanian companies should make considerable and concerted investment efforts in order to ensure Romania’s energy security, through projects to increase storage capacity and to achieve modern transport and resource interconnection systems.

We invite you to take part in "Beyond Strategy: Oil and Gas Projects in Place", a debate on the current policy framework, the state of the projects implemented by the oil and gas companies, the plans and the coherent strategies by which Romania can become a regional hub.