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Suciu Popa & Associates Advise Black Sea Oil & Gas on Gas Sales Agreement with ENGIE

Suciu Popa & Associates Advise Black Sea Oil & Gas on Gas Sales Agreement with ENGIE

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Suciu Popa & Associates has advised Black Sea Oil & Gas S.R.L. and its co-venture partners Petro Ventures Resources S.R.L and Gas Plus International B.V. on signing a Gas Sales Agreement with ENGIE subsidiary Engie Energy Management Romania S.R.L. for natural gas supply from the Midia Gas Development Project.

Under the agreement, which remains subject to a "Final Investment Decision," ENGIE will purchase gas from the Ana and Doina gas reservoirs for a minimum of ten years. Expected contractual volumes at project completion represent .5 billion cubic meters per year.

The project was coordinated by Suciu Popa & Associates Managing Partner Miruna Suciu and Partners Cleopatra Leahu and Andrei Georgescu.

Suciu Popa & Associates did not reply to our inquires about the deal.

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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). 

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