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Transgaz official: The south gas transmission corridor becomes a necessity
The south gas transmission corridor becomes a necessity, but the project should be achieved without burdening the society, Transgaz Director General Petru Ion Vaduva told a Bucharest Forum/Keystone Projects event on last Thursday.
"Consumption has declined in Romania and there is even a possible surplus of energy. The Black Sea resources are being confirmed. Nabucco, the corridor in southern Europe, was a project that should be continued now, but we should think about the next 10 years and the Black Sea resources. Resources there are estimated to last 10 years, which makes the southern corridor a necessity. We want to implement the project, but we have to do it efficiently," added Vaduva.
He also mentioned another project carried out jointly with Moldova that would allow for pricing transparency.
According to Transgaz, the development in Romania of the southern corridor to carry over natural gas from the Black Sea region (a pipeline from the Black Sea coast to Podisor) ensures security for the supply of natural gas to the European Union, as access to alternative supply sources is decisive. Given the context, Transgaz is contemplating creating the infrastructure needed for Central European countries to get access to Black Sea natural gas reserves.
The project entails building a pipeline about 250 km long to link the Black Sea coast to Podisor, a transmission hub. The gas will then be transmitted to Hungary, Austria and Bulgaria via a Giurgiu - Podisor - Horia - Csanadpalota pipeline.
The project is expected to be completed in 2019-2020 on investments of nearly 255 million euros.
The Southern Corridor, a European Commission initiative for importing natural gas from Azerbaijan and neighbouring countries, including Iran, to southern Europe will have an initial capacity of 10 billion cubic metres a year.
Public policy makers, business leaders, leaders of international financial institutions and research and innovation organisations, together with urban development project developers on Thursday in Bucharest attended a Forum/Keystone Projects event organised by the Aspen Institute Romania.
Bucharest Forum / Keystone Projects is part of a series of Aspen Romania events to celebrate its 10th anniversary. The initiative is designed to support the development of a long-term development vision for Romania as well as of sustainable and innovative public policies. The event focuses on projects that are important to capitalising on Romania's geographic positioning and linking the country to the main trade, transport and energy corridors in the region and Europe, along with urban and metropolitan development.