Romania: OMV Petrom obtained LNG licence

, SEE Energy News

The largest Romanian oil and gas company OMV Petrom has obtained a license to commercialize liquefied natural gas (LNG), thus diversifying its activities in the gas market.

Member of the OMV Petrom Executive Board responsible for Downstream Gas Franck Neel said that the company’s entry in this market is a natural development, as it believes that natural gas plays an essential role in the energy transition of Romania, especially due to the fact that the country can access these resources. Natural gas has multiple applications in electricity generation, transportation and industry, and can also contribute to reducing emissions and strengthening energy security.

Following liquefaction, natural gas can be safely stored and transported on very long distances, with a high degree of economic and energy efficiency. The liquefied natural gas can be used in the mobility sector as an alternative to conventional fuels, providing a cleaner alternative with emissions of up to 15 % less CO2, 50 % less nitrogen oxide, and also 50 % less noise compared to diesel-fueled trucks.

Liquefied natural gas is also a solution for the supply of the areas that are not connected to natural gas transmission networks. In terms of industrial uses, the liquefied natural gas can be utilized as energy source, providing added efficiency and operability.