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Slovakia shows interest in gas from Romania's Neptun project

Published by Global Banking & Finance Review

Posted on March 27, 2026

2 min read

· Last updated: April 1, 2026

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Slovakia shows interest in gas from Romania's Neptun project
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March 27 (Reuters) - Slovakia is interested in receiving gas from Romania's Neptun Deep offshore project, with its supplies of Russian deliveries set to end next year, Slovak Prime Minister Robert

Slovakia Seeks Neptun Deep Gas Supply as Russian Deliveries Set to End

Slovakia's Shift in Gas Supply Strategy

Interest in Romania's Neptun Deep Project

March 27 (Reuters) - Slovakia is interested in receiving gas from Romania's Neptun Deep offshore project, with its supplies of Russian deliveries set to end next year, Slovak Prime Minister Robert Fico said on Friday.

Commercial Opportunities and Infrastructure

"We expressed interest and said that if Romania intends to export this gas outside its own territory - that is, not use it only for its own consumption - Slovakia offers to use existing infrastructure and we will be interested in this gas on a commercial basis," Fico said in a televised briefing with Romanian Prime Minister Ilie Bolojan in Bucharest.

Regional Interest in Black Sea Gas

Other Countries Eyeing Neptun Deep

Hungary and Germany also are among the countries interested in gas from the Black Sea project, a Romanian official said last month, although it is hoped that the Romanian economy would use up as much of it as possible.

Project Details and Timeline

Significance of Neptun Deep

Neptun Deep is one of the European Union's most significant gas deposits, with an estimated 100 billion cubic metres of recoverable gas.

Ownership and First Gas Delivery

Jointly owned by Romanian oil and gas group OMV Petrom and state-owned gas producer Romgaz, the project is on track to deliver its first gas in 2027.

Slovakia's Energy Dependence and EU Policy

Reliance on Russian Supplies

Slovakia has remained reliant on Russian oil and gas supplies despite EU efforts to end its energy dependence on Moscow, following Russia's 2022 invasion of Ukraine.

EU Plans to Phase Out Russian Gas

The EU is planning to phase out Russian gas imports by late 2027.

Slovakia's Current Gas Imports

Slovakia took about a third of its gas from Russia last year, but is seeking to boost that level before the EU ban takes effect.

(Reporting by Jason Hovet; Editing by Paul Simao)

Key Takeaways

  • Neptun Deep is a major Black Sea gas project (approx. 100 bcm total, ~8 bcm/year plateau) led by OMV Petrom and Romgaz, with first gas expected in 2027 (romgaz.ro).
  • Slovakia currently sources a shrinking share of its gas from Russia—33 % in Jan–Oct 2025—with the rest increasingly from alternative suppliers, as it anticipates the EU’s 2027 Russian‑gas phase‑out (linkedin.com).
  • Prime Minister Robert Fico has framed the interest in Neptun Deep gas as a commercial opportunity while continuing negotiations with Gazprom, signaling a dual strategy amid energy transition pressures (english.nv.ua).

References

Frequently Asked Questions

Why is Slovakia interested in gas from Romania's Neptun Deep project?
Slovakia is looking to secure alternative gas supplies as its Russian deliveries are set to end next year and sees Romania's Neptun Deep project as a potential source.
Who owns Romania's Neptun Deep gas project?
The Neptun Deep project is jointly owned by OMV Petrom and state-owned Romgaz.
When is the Neptun Deep project expected to deliver its first gas?
The Neptun Deep project is scheduled to deliver its first gas in 2027.
What is the EU's plan regarding Russian gas imports?
The EU aims to phase out Russian gas imports completely by late 2027.
Are other countries interested in gas from Neptun Deep besides Slovakia?
Yes, Hungary and Germany have also expressed interest in gas from the Neptun Deep project.

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