Black Sea Gas Platform Launched Offshore Romania Despite War Risks

A new Black Sea offshore gas platform was officially launched off Romania on June 28 and plans to extract gas despite risks posed by war in Ukraine, including mines detected in waters nearby.

The project by Black Sea Oil & Gas (BSOG), controlled by U.S. private equity firm Carlyle Group LP, is Romania’s first offshore Black Sea development in three decades.

BSOG said it planned to extract 1 Bcm of gas per year, or roughly 10% of Romania’s consumption.