Romania And Azerbaijan Aim To Build New LNG Project In Black Sea ...Middle East

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Romania And Azerbaijan Aim To Build New LNG Project In Black Sea
source : OILPRICE ( Middle East ) () 21
On October 19, Romania’s Romgaz and Azerbaijan’s Socar inked a memorandum of understanding expressing an intention to “explore the opportunity of jointly developing a liquefied natural gas project [LNG] in the Black Sea” (Romgaz.ro, October 19). Both parties committed to preparing a comprehensive feasibility study; however, this concept is not new, as the Black Sea LNG Project (as coined by Romgaz) has been discussed for over a decade already. According to the official Romgaz press release, the Black Sea LNG Project will…

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