Serinus Energy provides operational update on Romania gas plant

The Moftinu gas plant is completed and able to operate at pressure with sustained production, but is waiting for the installation of the low temperature separation (LTS) unit and the triethylene glycol (TEG) unit.

Since 21 August 2018, the company has been awaiting access codes from Romania’s national pipeline operator, Transgaz, to start experimental commercial gas production during the commissioning of the gas plant, as is the legal right of the Company. Transgaz has so far denied the company’s gas production into the Transgaz system citing that the gas quality is not according to their network specifications due to minimal quantities of water. The company believes that the quality of gas, in excess of 90% methane, should be acceptable into the Transgaz system. Transgaz has maintained that the percentage of water, 0.21% maximum, means that this gas cannot be injected into the system and that until the units are in place, no gas sales can be accommodated.

It is Serious’s view that Romanian law provides for such quality differentials during the proscribed experimental production phase and as such the company is legally entitled to provide this gas to the system. The company believes that the gas from the Moftinu wells is within the specifications that would allow Transgaz to accept this gas with no discernible impact on the integrity of the Transgaz System.

Serinus continues to pursue the acceptance of this gas into the Transgaz system. Regardless, the company will be in a position to remove any minor residual water once the units are installed and there are no further issues that would prevent the company moving to full production.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/18102018/serinus-energy-provides-operational-update-on-romania-gas-plant/