Publications: Journal (online and print)
The whole of Europe - except Romania - is scouring the globe for sources to import natural gas from distant markets.
Romania has the solution under its feet, in its own territorial waters: the Black Sea offers us a „passport” to energy security and prosperity. But for this we must not just be a resource extractor, but an architect of added value. This „passport” must be validated by coherent public policies, unwavering legislative stability and commensurate investment courage.
We could say that, in fact, Romania is today at an inflection point that the textbooks of Economy could study it, decades from now, either as „the moment of the great industrial renaissance” or as „the great wasted opportunity”. Officials in Brussels are also aware of what Romanian industry already knows: Romania will become the largest producer of natural gas in the European Union. This means that, in an EU thirsty for resources and weakened by geopolitical dependencies, Romania is becoming an island of energy security. But the question that must keep us awake is not how much gas we will produce from under the Black Sea, but what we choose to do with it once it is brought ashore.
