OMV Petrom Expands its Natural Gas Supply Activities in Bulgaria

Source: www.gulfoilandgas.com 10/8/2024, Location: Europe

- OMV Petrom's offer is addressed to industrial consumers in Bulgaria
OMV Petrom, the largest integrated energy producer in Southeastern Europe, expands its natural gas supply activity on the Bulgarian market. Starting October, industrial consumers in Bulgaria can benefit from OMV Petrom’s offer.

Franck Neel, OMV Petrom Executive Board Member responsible for Gas and Power: "In the last two years, we have consolidated our presence on the Romanian market and started expanding in the region. Bulgaria is a natural step considering the proximity and the fact that we are already present on this market with the OMV stations network and with exploration operations in the Black Sea."

By entering the gas supply market in Bulgaria, OMV Petrom builds on its experience as a supply leader for non-domestic customers in Romania and on its knowledge of the Bulgarian market, where the company already has wholesales gas activities.

Angel Yankov, OMV Petrom Gas & Power representative in Bulgaria: "We want to become a reliable partner for natural gas customers in Bulgaria, close to their expectations, with customized and flexible offers."

OMV Petrom is active along the entire natural gas value chain, from production and processing to marketing and supply. The company is the second largest producer of natural gas in Romania, with a production of 3.3 billion cubic meters in 2023. Through its own production and supply contracts, the company covered approximately 40% of the gas consumption in Romania in 2023.

OMV Petrom owns a 50% share of the Neptun Deep project and is its operator. Neptun Deep is the largest natural gas resource in the EU, with an estimated production of around 100 billion cubic meters. The first gas from Neptun Deep is expected in 2027.

In Bulgaria, OMV Petrom is present through the network of OMV branded filling stations and holds the exploration license for the Han Asparuh perimeter in the Black Sea, where it is also the operator.


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