A majority of 328 members of the European Parliament in Strasbourg voted last week against the objection to the European Commission's delegated act on the Taxonomy Regulation and therefore in favor of classifying nuclear energy and natural gas as sustainable and sustainable. Until now, gas had been excluded by most sustainable investors, which has contributed to the EU's deepening dependence on Russian gas, a situation made unacceptable by the escalation of aggression in Ukraine.
The deadline for challenging the vote expired on July 11, and in the absence of an abstention, the Supplementary Delegated Act will enter into force on January 1, 2023. This means that European officials have qualified the use of gas, under certain conditions, as a sustainable activity that responds directly to this key Romanian energy security desideratum and will contribute to medium and long-term stability in Central and Eastern Europe by bringing new key energy resources from the Black Sea to the market in economically efficient conditions, while helping to strengthen the trajectory towards the 2050 climate neutrality objective.
„This is a significant step towards achieving the EU's goal of energy independence from Russian imports, as it will direct sustainable investment, decreasing Romania is one of the countries with the most significant natural gas resources, and the offshore law adopted by the national parliament two months ago is a new opportunity for the development of the Romanian energy system in relation to the regional role we want and need to play in the region. withstrim already in recent years. The FPPG aims to be Romania's main ally to increase energy production as a matter of urgency, in order to face this year's cold season in a position of strength both within the union, but especially in relation to the negotiations that will follow in the East.”, says FPPG Executive Director, Cătălin Niță.
We express our wish that, in the near future, the FPPG members will contribute significantly to securing Romania's natural gas consumption needs for many years to come by adding quantities from offshore projects, blocked until now by a law that was actually meant to facilitate them, as well as onshore and deeponshore projects, which can significantly increase the energy contribution to regional needs.
By adding the additional quantities that can be generated, Romania may become the largest producer of natural gas in the European Union with the closure of the Groningen field in the Netherlands. Thus, the political decision at European level in relation to the taxonomy proves to be a highly responsible one, and all FPPG members will assume their share of responsibility in the coming period, ensuring as much as possible of the needs of citizens regardless of how the situation in the East will evolve.
The FPPG also reiterates its full availability for a permanent consultation with the state authorities and assumes its responsibility to facilitate the most constructive dialog possible between the oil and gas industry and the representatives of the decision-making environment.
