The BRUA phase 1 project was closed at a value of EUR377.4 million (value calculated at the current euro exchange rate), respectively with savings of 21% (EUR101.1 million) compared to the tendered value.
The project targets the development on the Romanian territory of the national gas transmission system along the Bulgaria-Romania-Hungary-Austria Corridor (BRUA Project phase 1). Works in Romania targeted the construction of Podisor–Recas pipeline, which is 481 km long, and of three gas compressor stations (SC Podisor, SC Bibesti and SC Jupa).
BRUA phase 1 gas pipeline has its entire transmission capacity booked in Hungary direction, through the interconnection point Csanádpalota (Hungary) and it ensures the transit of the natural gas entering from Bulgaria to Romania, at the interconnection point Kardam (BG) – Negru Voda1 (RO). The capacity currently transported through BRUA gas pipeline – phase 1, is 4.6 million cubic meters (cm)/day, which means an annual volume of 1.68 billion cubic meters, respectively a transmission pipeline load degree of 96%.
“With the completion of BRUA phase 1 project, the following objectives were accomplished: the fulfilment of the commitments assumed in front of the European Commission, commitments contemplated in Decision C (2020) 1232 / 06.03.2020, respectively to ensure the maximum available capacity for the network users to export gas from Romania to Hungary and Bulgaria; ensuring a gas capacity of 1.5 billion cm / year to Bulgaria; the development of a transmission capacity of 1.75 billion cm / year to Hungary; ensuring the security of gas supply to Romania by the access to new gas sources; diversification of the sources of natural gas supply to the European countries; transport of the Caspian natural gas reserves to the Central European markets”, the company said in the report.
The total cost per km of the BRUA gas pipeline phase 1, at the current exchange rate, including the turbo-compressor stations (Podisor, Bibesti, Jupa) is EUR783,200; related to the average of the project implementation period, the total cost per km is EUR804.800; The total cost per km of the BRUA phase 1 gas pipeline, without the turbo-compressor stations, at the current exchange rate, is EUR546.500; related to the average EURO exchange rate during the project implementation period, the total cost per km is EUR561.600.
”BRUA Phase 1 is an essential stage in the development of the National Gas Transmission System. With its commissioning, Romania gets connected to the regional transmission corridors and will be able to ensure its supply of natural gas from new sources, which will better meet the demand existing on the domestic market and will lead to a higher level of predictability and energy security for the Romanian consumer. At the same time, BRUA Phase 1 also means an access way to European markets for the potential production of natural gas extracted by our country from the Black Sea”, Transgaz also said in its report.
Transgaz has a stock market capitalization of RON3.2 billion and is 58.5% owned by the Romanian State.
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