Romania's Transgaz ready to build pipeline for Black Sea gas
16/03/2023 12:43
BUCHAREST, March 16 (Reuters) - Romania's gas pipeline
operator Transgaz TGN.BX will build a new pipeline worth an
estimated 500 million euros ($529.30 million) meant to bring
offshore Black Sea gas to the national grid once the two gas
producers make a final investment decision, Prime Minister
Nicolae Ciuca said on Thursday.
Romanian oil and gas group OMV Petrom ROSNP.BX , majority
controlled by Austria's OMV OMVV.VI and state-owned Romgaz
SNG.BX are expected to make a final decision to invest in a
long-awaited offshore project by mid-2023. The project is
estimated to cost 4 billion euros and produce at least 6 billion
cubic metres of gas per year.
"We are readying the transport infrastructure (for the
project)," the prime minister said. "Transgaz has signed the
contract, with ... works set to start after a final investment
decision is made."
($1 = 0.9446 euros)
(Reporting by Luiza Ilie;)
((luiza.ilie@thomsonreuters.com ; +4021 527 0312; https://www.reuters.com/journalists/luiza-ilie))