Construction works are expected to start in August.
Nita said the pipeline’s initial capacity of 500 million cubic meters of gas a year will increase gradually after the construction of a compression facility and of an additional pipeline in Moldova that would connect Ungheni to Chisinau city.
The compression facility is estimated to cost between EUR10 to EUR20 million, he said.
The Iasi-Ungheni pipeline will be 43.2 kilometers long, of which 32.8 kilometers on Romanian territory.
When completed, the pipeline will ensure an annual transport of 1.5 billion cubic meters of natural gas.