„Transgaz will sign a contract over the next days, whereby it will receive financing worth EUR46 million through the Large Infrastructure Operational Program (LIOP) for the development of the capacities of the national gas transmission system (NTS) in North-East Romania”, Economy Ministry spokesperson Alexandru Macoveiciuc told a press conference.
The development of NTS capacities in North-East Romania is a project worth a total EUR175 million. The project includes a pipeline enough to transport 1.5 to 2 billion cubic meters of natural gas, annually, and gas compressor stations.
„This project is useful and relevant, in terms of both Romania’s energy security and the development of interconnectivity with the Republic of Moldova”, Macoveiciuc also said. The interconnection with Moldova is currently ensured through Iasi-Ungheni-Chisinau pipeline.
Over the last two years, Transgaz has obtained EU funds worth EUR250 million.