Major Gas Sales Agreement signed for development of Black Sea Gas.
Dermot O’Kane, Senior Associate with the Energy Contract Company attended the signing ceremony on 19th November in Paris, at which Engie signed an agreement with Black Sea Oil & Gas and its concession partners for the sale of gas from the Ana & Doina fields in the Black Sea, offshore Romania. Dermot had worked with Black Sea Oil & Gas since January 2016 to provide commercial and marketing advice in the sales process and the negotiation of the GSA. Dermot noted that “It is great to see a successful outcome to the sale of gas from a new source in the European Union, with such strong counterparties.”
For the full press release from Black Sea Oil and Gas, please click here.