Romanian Plans to Spur Offshore Gas Output With Tax Tweaks
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Romania is moving ahead with a plan to unlock stalled natural gas projects in the Black Sea as Europe searches for new energy resources to cut reliance on Russia following its invasion of Ukraine.
The country’s ruling coalition has reached an agreement on a long-delayed bill amending the country’s offshore law to boost investments and unlock stalled gas production projects in the Black Sea. The planned changes are set to reduce the progressive taxation brackets and allow larger deductions to spur investments.