Investments need a favorable environment for being carried out, OMV Petrom CEO Christina Verchere told the Aspen - GMF Bucharest Forum on Friday, noting that no one expects certainty, but an understanding of one's work environment is definitely required.
Attending the 13th edition of the Aspen - GMF Bucharest Forum, an event organized by the Aspen Romania Institute and the German Marshall Fund of the United States, Verchere spoke about the investments the oil and gas company intends to make in Romania in the next decade.
"It's all about a favorable investment environment, because what we're talking about are big investments, and one needs a favorable environment to be able to do that: predictability, predictability, and again predictability. You have to understand what you're investing in. Ok, no one expects 100% certainty, but they want to understand the time frames we're working in. To do so, we obviously need access to incentives, and Romania has been very strong on this, making sure that calls for funding are available and that this can be done. A good consultation and predictability are, I think, a big challenge in Romania. And if we can accomplish this, then we can also bring the necessary investments to change the result," said Christina Verchere.
According to her, the path of the European Union to energy security is defined by energy transition, given the EU's status as a net importer of fossil energy, because it does not have enough to cover its needs.
Also, Verchere noted that in Romania almost 70% of energy comes from non-fossil sources.
According to the OMV Petrom top official, the company has an investment plan of 11 billion euros for the next period, the largest project being Neptun Deep. The company intends to install 2.5 GW of renewable energy capacity and 5,000 charging points in its network by the end of the decade, and 1,000 by the end of this year.