Romania Plans to Build 230 Mln Euro Gas Pipeline

Romania Plans to Build 230 Mln Euro Gas Pipeline
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Τετ, 3 Δεκεμβρίου 2014 - 18:19
Romania plans tobuilda 230 million euro ($286 million)pipeline that will carrynatural gas from the Black Sea to Podisor village in the southern county of Giurgiu, local media reported on Tuesday
Romania plans tobuilda 230 million euro ($286 million)pipeline that will carrynatural gas from the Black Sea to Podisor village in the southern county of Giurgiu, local media reported on Tuesday.

"For Romania, the most important infrastructure project related to natural gas is the Dobrogea-Podisor pipeline, which will bring gas from the Black Sea into the Romanian transport system," Romanian minister delegate for energyRazvan Nicolescu told news agency Mediafax.

Romania hopes to receive financial support from the European Commission for this project, he added.

OMV Petrom and ExxonMobil discovered a gas deposit estimated at between 42 and84 billion cubic metres in the Black Sea in 2012. Production, however, is not expected to begin before the end of the current decade.

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