EXXONMOBIL, WILLING TO INVEST IN CONSTANTA - Articole Transport-Business.ro

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Constanta could be a target of US investment over one billion Dollars, according to information provided by ExxonMobil representatives last month, in Brussels, at the European Business Summit.

Robert S. Franklin, Exxon Mobil’s vice-president in charge of production, disclosed that there already is an agreement in principle to build a terminal for the re-gasification of liquefied natural gas (LNG) transported by sea to the biggest Romanian port. ExxonMobil also negotiates with Turkey, and Franklin has not stated whether the company plans to build more than one terminal in the Black Sea basin or whether Turkey and Romania are competing for selecting the port where the investments will be carried out. However, the fact that ExxonMobil has allied with Petrom in the prospecting of oil resources in the continental shelf of the Black Sea suggests that Americans still have serious thoughts relating to the biggest Romanian port. European Commissioner for Energy, Andris Piebalgs, participating in European Business Summit, said that the European Commission supports the construction of such terminals, emphasizing the importance of developing LNG technology in parallel with the construction of pipelines (e.g. Nabucco) to reduce energy dependence, felt during the gas crisis earlier this year, caused by the dispute between Russia and Ukraine.