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May 29, 2022

Kazakhstan’s plan to supply Romania with natural gas via South Stream pipeline – realistic and profitable

Talgat Kaliyev, Kazakhstan’s charge d’affaires in Romania, considers that the Kazakh government’s proposal to supply Romania with natural gas through an extension of the South Stream pipeline running through Bulgaria is “the most realistic and profitable.”
“Romania’s geostrategic position and her EU membership represent key factors in Kazakhstan’s strategy of expanding and consolidating its positions on the European energy market. Rompetrol, part of the KazMunaiGaz national company, already owns a significant share on the energy markets of Romania, Bulgaria, Serbia, Ukraine, Turkey and France, thanks to the fact that its main production installations, more precisely Rompetrol Rafinare, are located in Navodari, on Romanian territory. My government’s proposal was very clear: to supply natural gas to Romania through the South Stream pipeline. I believe that at this moment this is the most realistic and profitable proposal,” Talgat Kaliyev told Agerpres.
This option was presented by the Kazakh side during the Romanian Prime Minister’s visit to Astana at the end of June. While President Traian Basescu labeled the idea as “childish,” the Head of Government stated that “the fact that collaboration solutions in the energy supply domain are being searched is a positive thing.” In what concerns the KazMunaiGaz and Rompetrol projects, he gave assurances that “both companies are fully committed to continue their investments in Romania.” The directions of these investments will be defined in cooperation with Romanian partners, he pointed out.
On the other hand, he refused to comment on President Traian Basescu’s decision to ask Parliament to reexamine the law concerning the approval of the memorandum of understanding reached by the Romanian government and Rompetrol Group.
“Let me clarify my position: as a foreign diplomat I cannot make any comment on internal procedures in Romania, which are part of her sovereignty and national legislation. The memorandum (…) was the result of complex and difficult negotiations. Again, it’s a purely commercial issue defined by market demand. Once solved the way will be opened for new investments. It’s a so-called win-win situation. Nobody loses, everyone wins,” he said.

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