New gas pipeline will transport the natural gas discovered in the Romanian waters of the Black Sea

The operator of the natural gas transmission system in Romania “Transgaz“, the country’s largest oil company OMV Petrom (OMV Petrom) and the national natural gas producer Romgaz signed a document today, which provides for the construction of a gas pipeline from Tuzla (on the coast of the Black Sea) to Podishor (Georgevo district) with a length of over 300 km. The investment, estimated at EUR 500 million, will enable the Podishor technology hub to allow natural gas from the Black Sea to enter the national transport system and thus reach economic operators and households in the settlements connected to the system. Romanian Prime Minister Nicolae Chuca announced today.

The signing of this document is a firm commitment to the development of the Tuzla-Podisor gas pipeline and to the final investment decision, estimated at 4 billion euros, which is expected this summer, Prime Minister Nicolae Chuka said at the document signing ceremony. In his words, this is a “project of strategic importance for Romania” with the aim of advancing the exploitation of natural gas from the deep-water Neptune perimeter in the Black Sea.

The Romanian Prime Minister noted that another benefit of this project is the connection it will make between the new sources of natural gas from the Trans-Balkan Corridor and the Vertical Corridor, part of which is the BRUA (Bulgaria, Romania, Hungary, Austria) gas pipeline.

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