Bulgaria, Romania ink gas interconnector agreement.

By bne IntelliNews December 1, 2010
The gas delivery companies of Bulgaria and Romania signed an agreement for the construction of a gas interconnector between the border towns Ruse (Bulgaria) and Giurgiu (Romania), the economy ministry said in a statement. Bulgartransgaz and Transgaz prepared a roadmap and agreed to speed up the construction works, scheduled for completion in June 2012. The project is expected to enter its investment phase by end-2010, so that Bulgaria could benefit from the relevant EUR 8.9mn EU grants under the European energy programme for reconstruction. Bulgartransgaz will have to contribute EUR 11mn for the gas link, which will diversify the country's gas sources. The interconnecting pipeline will have a length of 23.8km and a maximum annual capacity of 1.5bn cubic meters.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  4. Don't mention the "D" word - Ukraine
    4 days ago
  5. UBN: The US Needs to Wake Up
    5 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    27 days ago
  5. Saudi Arabia to scale back plans for Neom city
    14 days ago

Reports

Dismiss