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Ijdelea & Associates Successful for Black Sea Oil & Gas on Pipeline License from Romanian Energy Regulator

Ijdelea & Associates Successful for Black Sea Oil & Gas on Pipeline License from Romanian Energy Regulator

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Ijdelea & Associates has provided legal assistance to Black Sea Oil & Gas and its co-venture partners in obtaining the Upstream Pipeline Operating License for the Midia Gas Development Project (MDG) from the Romanian Energy Regulatory Authority (ANRE).

Black Sea Oil & Gas is a Romania-based energy company targeting the offshore development of gas resources. The company’s current portfolio includes the MGD project, consisting of the onshore and offshore infrastructure and the two gas production licenses at the Ana and Doina gas fields in the Romanian Black Sea, wherein it is the operator and holds a 70% interest.

"The start of natural gas production from the MGD Project is scheduled for the second half of June 2022," the ANRE announced. "The project's estimated production capacity will be 1 billion cubic meters of gas per year, equivalent to 10% of Romania's gas consumption. In the current context, the natural gas extracted from the Black Sea that is to enter the national transport system represents Romania's chance to become energy independent."

Earlier this year, Ijdelea & Associates also advised Black Sea Oil & Gas on the engineering, procurement, and construction contract for a 50-megawatt photovoltaic project (as reported by CEE Legal Matters on May 4, 2022).

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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