Transgaz to invest 1.9 billion Euro by 2027

Romania’s natural gas transport system operator Transgaz has planned total investments of 1.9 billion Euro 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 478.6 million Euro , Phase 2 – which will require another 68.8 million Euro, followed by Phase 3 – worth 530 million Euro, Agerpres reads.

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 360 ​million Euro investments. For the development of the gas transport system in the eastern part of Romania, the company will allocate 174 million Euro.

Transgaz plans to spend another 101 million Euro 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 125 million Euro, and the one with Serbia – 42 million Euro.