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Virgil Popescu, Minister of the Economy, Energy and Business Environment, held a working meeting on Wednesday with a delegation from Eximbank USA, led by the president of Eximbank USA, Kimberly Reed. This meeting was also attended by Adrian Zuckerman, US Ambassador to Bucharest and Adrian Constantin Volintiru, CEO of Romgaz. The meeting discussed the support that Romania can receive to start extracting gas from the Black Sea. Romgaz is in negotiations to take over the Exxon package and once investments in the Black Sea are unlocked, Romania has a chance to become Europe’s largest gas and energy producer, reports the Ministry of Economy.
We remind you that the Americans at Exxon have expressed their intention to sell their 50% stake in the Black Sea Neptune project.
Romgaz President Adrian Volintiru also spoke about Romgaz’s intention to build a methanol plant. For this plan, Romgaz needs an investor to build the plant or a partner with whom to invest in methanol production.
This meeting follows the visit of the Minister of Economy to the United States in October, during which the Government of Romania and the United States signed an intergovernmental agreement on the development of reactors 3 and 4 and the remodeling of reactor 1 and the signing of the memorandum of understanding. agreement with Eximbank for the development of projects in the field of energy and road infrastructure.
US Ambassador Adrian Zuckerman underscored the importance of ensuring Romania’s energy independence, adding that Eximbank US President Kimberly Reed’s visit to Romania highlights the United States’ commitment to our country.
Kimberly Reed said that the intention of Exim US is to support strategic investments in Romania and provide lines of financing of approximately 7 billion dollars. The Eximbank president said that the bases for the development of energy projects were laid by the Memorandum of Understanding with US Exim, signed in Washington.
“We have a good history together and we want to continue helping you in the months to come.” said Kimberly Reed, president of EXIM Bank. He also stated that Eximbank US is ready to provide financing for other projects, but the Romanian side must apply, and if the projects presented meet the required standards, a collaboration or agreement is signed between the parties, such as the one signed in October with the minister. Virgil Popescu for Cernavoda.
During the visit to Romania, Eximbank’s US delegation met with CEO Nuclearelectrica on Tuesday at the Cernavoda power plant to discuss the implementation of the project for reactors 3 and 4, and on Wednesday, Kimberly Reed met with Nicolae Ciucă, the acting prime minister, in the Palace. Victoria and the Minister of Economy, Energy and Business Environment Virgil Popescu.
“The Romania-United States cooperative relationship has today reached a new stage of development. We sign in the presence of the Acting Prime Minister Nicolae Ciuca, His Excellency the United States Ambassador to Romania Adrian Zuckerman, Kimberly REED, President of EXIM Bank USA and the Deputy Prime Minister Raluca Turcan, the intergovernmental agreement that allows cooperation in areas of importance for Romania, such as the project of Units 3 and 4 of the Cernavoda Nuclear Power Plant, the rehabilitation of Unit 1, as well as cooperation at various levels in the civil nuclear field in Romania to all those involved in this important project for Romania ”, declared the Minister of Economy.
We remind you that Romania and the United States signed an intergovernmental agreement in October for the construction of Units 3 and 4 of the Cernavoda Power Plant, for the remodeling of Unit 1 and for cooperation at various levels in the civil nuclear field in Romania.
In addition to this agreement, there is a memorandum of understanding with EXIM US (US Export-Import Bank) for financing of 7 billion dollars for the development of projects in the nuclear field, but also in other fields.
A few months ago, the Orban government handed over to the Chinese CGN for the construction of reactors 3 and 4 at Cernavoda.
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