Transgaz terminates legacy contract with Gazprom

The National Gas Transmission Company Transgaz announces that the legacy contract for gas transmission through the T3 transit pipeline on the territory of Romania to third countries, concluded with Gazprom Export LLC (GPE) and valid until 31.12.2023, was terminated by the mutual consent of the parties.

The intense negotiations between the European Commission (DG-ENER), Transgaz SA and Gazprom Export LLC materialized in an Agreement for the termination of the legacy Contract between Transgaz and GPE concluded for the gas transmission through the T3 transit pipeline on the territory of Romania to third countries.

The Agreement for the termination of the legacy Contract between SNTGN Transgaz SA and Gazprom Export LLC creates the necessary framework for the conclusion of the Interconnection Agreements for Isaccea 2, 3  and Negru Voda/Kardam 2, 3 Interconnection Points, ensuring the free access of third parties to capacity booking on the T2 and T3 transit pipelines, it ensures the collection of the remaining amounts to be paid from the legacy contract and it creates the premises for increasing the use of the Romanian gas transmission infrastructure, Transgaz informs.