SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

BSOG seeks permit for first power corridor in Romanian Black Sea

Jul 4, 2023, 2:02:42 PMArticle by Bogdan Todasca
share
July 4 (SeeNews) - Romania-based Black Sea Oil & Gas (BSOG) said on Tuesday that along with its local partners in the Midia Gas Development (MGD) Project, it has started the permitting process of a power corridor in the Black Sea to connect future offshore wind farms to Romania’s power grid, the SEN.

BSOG seeks permit for first power corridor in Romanian Black Sea
Representation of the future power corridor of Black Sea Oil & Gas, Romanian Black Sea Source: BSOG

The power corridor has a designed capacity of 3 GW spanning 126 km and is the first to be permitted in the Romanian section of the Black Sea, with completion of all regulatory procedures being expected by mid-2024, BSOG said in a press release.

Once completed, the power corridor will provide for the development of offshore wind power for Romania, supporting increased energy security and driving production capacity from renewables.

“Offshore wind power expectations for fixed installation in the Romanian Black Sea are highly promising. However, one of the biggest challenges of developing an offshore wind farm is trying to secure and then permit a power route from the offshore production facilities to the SEN [...] Our MGD infrastructure has already addressed these matters,” BSOG CEO Mark Beacom said.

According to BSOG, the MGD Project’s infrastructure coupled with its lands and rights-of-way is uniquely suited to provide the power corridor to serve offshore wind production and grid-connection facilities such as substations and, if required, converters.

Production at the MGD Project started in June 2022, with the first amounts of gas delivered to the National Transmission System (NTS), BSOG said at the time. The first year of gas production in the MGD Project exceeded BSOG’s initial expectations for the delivery of 1 Bcm of gas per year, as the threshold was met a month in advance. Tests held in March 2023 for increasing the production capacity were successful and the company is in talks with authorities to potentially ramp up daily production by up to 25% in the fourth quarter of this year, according to the press release.

Owned by Carlyle International Energy Partners and the European Bank for Reconstruction and Development, BSOG is an independent energy company targeting the offshore development of gas resources. The company’s portfolio is currently made up of the MGD Project and two production licences, at Ana and Doina gas fields in XV Midia Shallow Concession, Romanian Black Sea, where it is the operator and holds a 70% interest. BSOG operates the concession on behalf of its partners Petro Ventures Resources (20% interest) and Gas Plus Dacia (10% interest).

Petro Ventures, a private investment group, holds 20% of the MGD Project and two production licences, at Ana and Doina gas fields. Gas Plus, the indirect parent company of Gas Plus Dacia, is Italy’s fourth largest producer of natural gas active in exploration, production, purchase, distribution and sale to retail customers.

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.