Transgaz signs to access 179 million Euro for BRUA works

Romanian natural gas transmission operator SNTGN Transgaz SA initialed the agreement on accessing the grant worth 179 million Euro, part of the Connecting Europe Facility, funding the works Romanian territory on the Bulgaria-Romania-Hungary-Austrian Gas Pipeline (BRUA), according to Energy Ministry release.

2016-09-19 14:44:53

The event took place during the meeting of the Central and South Eastern Gas Connectivity Group (CESEC), organized in Budapest, also attended by Romanian Energy Minister Victor Grigorescu. The BRUA project aims at building a new gas transmission new that will cross Romania′s territory and will attract new gas resources on the Romanian and European markets.

On this occasion, SNTGN Transgaz SA agreed with transmission operators from Ukraine, Bulgaria and Greece to strengthen the cooperation in order to ensure a bidirectional and continuous flow of natural gas through the Trans-Balkan pipeline and signed, alongside the Greek, Bulgarian and Hungarian operators, a declaration in regards to a further development of the Vertical Gas Corridor.

"The accessing of European funds for this project confirms the European importance of the BRUA project and strengthens the Romanian energy profile. Also, the achievement of this project on Romanian soil will boost the construction area of energy infrastructure, will create new jobs during the execution and exploitation activities. In perspective, the new infrastructure will be connected to the possible new gas sources in the Black Sea. During the event it was analyzed the progress made in the implementation of other European priority projects and there were established the steps needed to be taken in order to achieve the regional objectives of the Energy Union," the quoted release reads.