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Varinia Radu

Partner
Head of Oil & Gas, CEE and Deputy Head of EPC, CEE

CMS Cameron McKenna Nabarro Olswang LLP S.C.P.
S-Park
11-15, Tipografilor Street
B3-B4, 4th Floor
District 1
013714 Bucharest
Romania
Languages Romanian, English, French, Spanish

Varinia Radu is Head of Oil & Gas in Central Eastern Europe, and Deputy Head of the CEE Energy Projects and Construction Practice Group. 

Based in Bucharest, Varinia has over fifteen years’ international experience and her practice focuses on the oil & gas, electricity and mineral resources sectors. 

She has advised on some of the largest and most innovative oil & gas deals in Romania in recent years, and was involved in the drafting of a number of important legislative initiatives in the energy sector. Varinia also contributed to the set up and development of key industry associations such as the Romanian Petroleum Exploration and Production Companies Association, where she serves as a Board Member. 

Varinia has been active in the Romanian energy market through the beginning of market liberalisation and the establishing of a new regulatory framework in preparation for Romania joining the EU (early 2000s). During her career to date, She has assisted clients in successful applications in public bids for over 20 O&G concessions in Romania and has advised more than half of the active license holders on the market, as well as successfully advising the largest onshore M&A deals in the market.

Varinia advises an impressive roster of clients from small independents to multinationals (service and equipment providers, engineering, project management and construction companies working in the sector) on a wide range of issues relating to the energy sector, including licensing, trading, privatisations, public acquisitions, turnkey projects for energy production facilities for conventional and renewable energy, joint-ventures, petroleum and mining concessions, development of mature oil and gas assets in Romania, farm-out agreements, M&A financing transactions, tax, procurement, environment, disputes and competition related to the oil and gas business. 

Prior to joining CMS, Varinia was Managing Partner of RVR Energy, a boutique energy law firm in Romania, which she founded in 2004.   

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Varinia is recognised as a leading lawyer in Romania for her work in the energy sector by directories such as Legal 500 and IFLR1000.

Varinia Radu ‘goes above and beyond for clients’

Legal 500 EMEA, 2015

Education

  • 2010 –  Executive Course: ‘Leading and Negotiating’, Harvard Kennedy School, Harvard University, Cambridge, USA
  • 2010 – MBA, University of Chicago (Booth School of Business), Chicago, USA
  • 2005 – MA in Petroleum Management, Ploiesti University of Oil and Gas, Romania
  • 2003 – MA in International Relations, National School of Political and Administrative Studies (SNSPA), Romania
  • 2001 – Law degree, Babes-Bolyai University, Cluj-Napoca, Romania
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Memberships

  • Member of the Board, Romanian Petroleum Exploration and Production Companies Association
  • Member, Association of International Petroleum Negotiators
  • Member, Balkan and Black Sea Petroleum Association
  • Member, SIPG (Oil & Gas Engineers Society)
  • Member Romanian Committee, World Energy Council
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Publications

  • The International Comparative Legal Guide to Oil & Gas Regulation 2016  - CEE Overview chapter (2016
  • Shale Gas in Romania Study, World Energy Council – Romania Committee, chapter on legal framework (2013)
  • Energynomics.ro (quarterly) analysis of the Romanian and CEE energy market 
  • Energynomics, Energy World,  Oil and Gas Monitor magazines -  regular opinions and articles on energy related matters such as legislation, strategy, trends and opportunities
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Expertise

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November 2019
CMS Re­new­ables guide
28 Aug 19
First con­tract con­cluded on the Ro­mani­an Com­mod­it­ies Ex­change Gas...
On 1 Au­gust 2019, the Ro­mani­an Com­mod­ity Ex­change ("RCE") an­nounced the con­clu­sion of the first trans­ac­tion on its new trad­ing plat­form – “Gas For­ward CCP”. Gas For­ward CCP is avail­able for me­di­um-term...
November 2018
CEE Soil and Ground­wa­ter Con­tam­in­a­tion Guide
28 Aug 19
Ro­mania: bid round for min­ing ex­plor­a­tion: geo­therm­al, min­er­al wa­ter...
On 19 Au­gust 2019, the Na­tion­al Agency for Min­er­al Re­sources (“NAMR”) pub­lished Or­der no. 294/6.08.2019 in the Ro­mani­an Of­fi­cial Gaz­ette. The or­der ap­proves the list con­ces­sion areas for ex­plor­a­tion...
28 Aug 19
Ro­mania: bid round for min­ing ex­plor­a­tion: geo­therm­al, min­er­al wa­ter...
On 19 Au­gust 2019, the Na­tion­al Agency for Min­er­al Re­sources (“NAMR”) pub­lished Or­der no. 294/6.08.2019 in the Ro­mani­an Of­fi­cial Gaz­ette. The or­der ap­proves the list con­ces­sion areas for ex­plor­a­tion...
28 Aug 19
First con­tract con­cluded on the Ro­mani­an Com­mod­it­ies Ex­change Gas...
On 1 Au­gust 2019, the Ro­mani­an Com­mod­ity Ex­change ("RCE") an­nounced the con­clu­sion of the first trans­ac­tion on its new trad­ing plat­form – “Gas For­ward CCP”. Gas For­ward CCP is avail­able for me­di­um-term...
25 Jul 19
Ro­mani­an oil and gas - new li­cens­ing round for up­stream on­shore and...
After a lapse of al­most ten years, the Ro­mani­an gov­ern­ment just launched a  pub­lic tender for the ex­plor­a­tion, de­vel­op­ment and pro­duc­tion op­er­a­tions of 22 on­shore and six off­shore blocks with­in Ro­mani­a's...
29 May 19
Ro­mania - Power mar­ket - New solu­tion for cross bor­der trad­ing for...
Ro­mani­an Gas and Elec­tri­city Mar­ket Op­er­at­or “OP­COM” SA an­nounced on 15 May 2019, that a new loc­al trad­ing solu­tion to ac­cess the Single In­tra­day Coup­ling, will be made avail­able to the Ro­mani­an In­tra­day...
04 Apr 19
Up­dates in the Ro­mani­an Oil & Gas and Power Sec­tors
Fol­low­ing the con­tro­ver­sial meas­ures in the en­ergy sec­tor in the wake of Gov­ern­ment Emer­gency Or­din­ance 114/2018 (“GEO 114”), the Gov­ern­ment has re­cently de­cided to fur­ther re­form the sec­tor with...
19 Mar 19
Fur­ther changes in the Ro­mani­an en­ergy sec­tor
The Ro­mani­an en­ergy sec­tor con­tin­ues to search for sta­bil­ity and pre­dict­ab­il­ity due to the passing of Gov­ern­ment Emer­gency Or­din­ance 114/2018 (“GEO 114”), which in­tro­duces sev­er­al tax and reg­u­lat­ory...
27 Nov 18
An­nu­al visa re­quired for the valid­ity of the En­vir­on­ment­al Per­mits...
Fol­low­ing amend­ments to the Gov­ern­ment Emer­gency Or­din­ance no. 195/2005 on en­vir­on­ment­al pro­tec­tion, hold­ers of En­vir­on­ment­al Per­mits ("EP") / In­teg­rated En­vir­on­ment­al Au­thor­isa­tions ("IEA") will be re­quired...
06 Nov 18
Ro­mania ad­opts Off­shore Law on Black Sea
After hot de­bate and an el­ev­enth-hour con­sensus struck between Ro­mani­a's most power­ful parties, the Ro­mani­an par­lia­ment passed the “Off­shore Law" on Oc­to­ber. The law reg­u­lates off­shore oil & gas pro­jects...