Transgaz, the operator of the local gas transmission system, is willing to invest EUR860 million in new pipelines that would connect potential offshore fields to the national grid, chief executive Petru Vaduva told the 2014 ZF Power Summit.
“Romania’s gas transmission system is the least efficient in Europe. We need to make sure that the resources in the Black Sea will find their way into international markets,” Vaduva said.
He said Transgaz’ investment budget could be increased by EUR600 million if the natural gas reserves in the Black Sea are larger than estimated.