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Ambassador Paul Brummell: the British companies,drawn by the Romanian energy sector

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The companies from the UK want to invest in the Romanian energy sector, with many advantages as compared to that of the neighbouring countries, such as the diversity of production sources, stated ambassador of the UK to Romania, Paul Brummell.

‘We have already companies from the UK, such as Amec Foster Wheeler which activate in the energy sector of Romania. There are three sectors – oil and gas, nuclear and innovation and coal – where the UK has a significant expertise and sectors where the countries in the region among which Romania must face considerable challenges. Thus, it is an opportunity to connect companies from the UK with Romanian partners. There are discussions underway, there are interested companies in investing in the Romanian energy sector, but of course, the decisions of the Romanian government are important and the authorities in the sector, decisions regarding investments and opportunities. Weknow that the government works on the energy strategy and we are waiting from new things from the Romanian party’ stated Brummell.

He stated that Romania and the UK have much in common as regards the energy.

‘Both countries are rich, from an energy point of view,they have reserves of oil and gas and nuclear power stations. Both countries invested in renewable sources of energy production and have potential in shale gas. And Romania has many advantages as compared to its neighbours, for example a lower dependence on the Russian gas as compared to the states in the region. Moreover, there are important decisions which will be taken in Romania when referring to the capacities which will be put into function in the future such as reactors 3 and 4 in Cernavoda, as well as important decisions regarding the gas resources of the Black Sea’ said the ambassador, present in Warsaw on the occasion of a summit dedicated to investments in energy.

He considers that the strong point of Romania is the diversity of the production sources of energy – hydro, coal, oil and gas, nuclear energy and renewable energy.

The data presented at the summit in Warsaw show that the energy sector in Central and Eastern Europe would draw over 300 billion pounds in the next 10-20 years and the EU funds will have a significant impact.

Romania could spend 6.1 billion euro (28.1% of the total of cohesion funds allocated to the country) for the transport and energy networks, as part of the cohesion funds allocated between 2014 – 2020.By comparision, Poland will spend for the same purpose 23.8 billion euro (32.5% of the total of cohesion funds to be allocated) and Slovenia only 0.26 billion euro (9.1% of the total of cohesion funds).

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