December 23 (SeeNews) - Romanian natural gas producer Romgaz [BSE: SNG] on Friday opened a 1.39 million lei ($302,000/ 284,000 euro) tender for a study to assess local green hydrogen production opportunities.
Romgaz expects the study to identify investment opportunities for the green hydrogen segment within a period of six years, according to specifications accompanying the tender notice published on Romania's electronic public procurement system, SEAP.
Thus, Romgaz seeks to gain a strategic position on Romania's emergent green hydrogen production market, as part of its 2021-2030 plan to produce energy with low carbon dioxide emissions through large-scale use of renewable sources.
Tendering for the study is open until January 25.
Romgaz is the largest natural gas producer and the main supplier in Romania, in which the state owns a 70% stake.
Shares in Romgaz traded 0.88% higher at 40.35 lei as at 1137CET on Friday on the Bucharest Stock Exchange.
Earlier this month, Swedish energy systems manufacturer Metacon said that it has entered into a master supply agreement with Romania's Ground Investment Corp for a 10 MW containerised hydrogen generation plant worth 16.13 million euro ($16.9 million).
In August, the European Commission approved a 149 million euro Romanian funding scheme made available through the Recovery and Resilience Facility to support the production of renewable hydrogen.
In June, Romanian majority state-owned hydro power producer Hidroelectrica said it is seeking consultants to draft a feasibility study for the construction of a 300 MW photovoltaic plant and a green hydrogen production plant on Olt river.
(1 euro=4.8981 Romanian lei)
SNGN Romgaz SA is among the biggest companies in SEE, for more reference take a look at Top 100 companies