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News from Members Final regulatory milestone for MGD Project’s 1st Gas successfully completed by Ijdelea & Associates

Final regulatory milestone for MGD Project’s 1st Gas successfully completed by Ijdelea & Associates

by Ijdelea & Associates June 29, 2022

Website www.ijdelea.ro

Ijdelea & Associates have successfully assisted Black Sea Oil & Gas and its co’venture partners, Petro Ventures and Gas Plus in relation to the obtaining of the Upstream Pipeline Operating License for the Midia Gas Development Project (MGD Project) from the National Energy Regulatory Authority (ANRE).

This achievement is double first-to-market mandate in the Romanian legal landscape, being the first time ANRE issues this kind of license for three companies and also the first to be issued for a gas offshore pipeline, which reconfirms the excellent legal capabilities and execution skills of Ijdelea & Associates’ regulatory and energy team.

The obtaining of this license was key for the commencement of MGD Project’s production on 15 June and unlocked the offshore gas production from new fields, opening the door to Romania’s security of supply and energy independence. We are grateful for the opportunity of working for such an amazing project and proud of all our achievements!” declared Oana Ijdelea, the managing partner of the firm.

The full announcement of ANRE may be found here:

https://www.anre.ro/ro/presa/comunicate/informare-de-presa-15-06-2022

 

Ijdelea & Associates is an independent full -service law firm which works with a deep understanding of clients’ industries, and invariably factor in a commercial approach. This combination enables the firm to help its clients structure their projects and transactions most advantageously, mindful of time demands and with a view towards meeting their legal and business objectives.

27.06.2022

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