Neptun Deep

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Neptun Deep is an offshore gas project located around 160 km (99 mi; 86 nmi) off the Romanian coast and covering an area of 7,500 km2 (2,900 sq mi) in 100–1,000 m (330–3,280 ft) deep water. The project is carried out by the Austrian-owned OMV Petrom and the Romanian company Romgaz, each owning a 50% share. The development of the gas field started in 2023 for an estimated €4 billion, and production will begin in 2027. Expected to yield 8 billion cubic metres of natural gas per year, Neptun Deep is the largest offshore natural gas project under development in the European Union and will nearly double Romania's gas output. As a net exporter amid the EU efforts to reduce the reliance on Russian natural gas, Romanian gas will also be supplied to Germany and Moldova, as well as other European countries such as Hungary and Slovakia.

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