Romania’s natural gas transport system operator Transgaz has planned total investments of EUR 1.9 billion for the expansion of its pipe network, according to its development plan for the period 2018-2027, which will be submitted for approval to the shareholders on March 11.
According to the general shareholder meeting’s agenda, the most important project remains BRUA (the Bulgaria - Romania - Hungary - Austria inter-connector) Phase 1 - worth EUR 478.6 million, Phase 2 - which will require another EUR 68.8 million, followed by Phase 3 - worth EUR 530 million, local Agerpres reported.
Other major projects concern the development of the southern transport corridor on Romania's territory, which will take over the gas from the Black Sea, which will require EUR 360million investments. For the development of the gas transport system in the eastern part of Romania, the company will allocate EUR 174 million.
Transgaz plans to spend another EUR 101 million for the interconnection of the national transport system with the transit pipeline T1 (crossing Romania from Moldova to Bulgaria) and for the reverse flow capability in Isaccea (allowing the flow from Romania to Moldova-Ukraine). At the same time, the interconnection with Ukraine will cost EUR 125 million, and the one with Serbia - EUR 42 million.
“By achieving the objectives set out in the 10-year Development Plan, 2018-2027, Transgaz wants to become an important natural gas transport operator on the international gas market, with a modernized, intelligent, integrated European transport system with a modern management system, aligned with international standards of performance and regulations," reads the document that will be discussed by shareholders.
(Photo source: Transgaz.ro)
Romania’s natural gas transport company Transgaz announced on January 25 that it sealed the documents for a EUR 100...