The project aims to diversify the natural gas sources and the total estimated costs related to Phase 1 amount to EUR478.6 million. The European Union covers EUR179.3 million through a second grant representing 40% of the estimated eligible costs.
BRUA Phase 1 entails the construction of the 479 km-long gas transmission pipeline Podisor-Recas. Transgaz has already been working on three gas compressor stations at Podisor, Bibesti and Jupa within BRUA – Phase I since April 14, 2018.
Upon the completion of phase 1, the following gas flows will be ensured: – to Hungary, by the interconnection Horia-Csanadpalota, 1.75 bcma (200 thousand cm/h), 40 bar border pressure and to Bulgaria, by the interconnection Ruse-Giurgiu, 1.5 bcma (171 thousand cm/h), 30 bar border pressure.
BRUA Phase 1 is deemed a regional priority project. It is included in the CESEC (Central East South Europe Gas Connectivity) list to play a significant role in the increase in the security of gas supply and regional interconnectivity.
Transgaz has a market capitalization of RON4,3 billion.