Romania’s Transgaz applies for €554.3 million EU grants

Romania’s natural gas transmission company, Transgaz, announced on Friday its application for EU grants totaling 554.3 million euros. The purpose of these funds is to bring the country’s natural gas transmission system in line with EU requirements and the Green Deal’s decarbonization standards.

Transgaz is fully committed to enhancing Romania’s gas transmission infrastructure, following a revised plan that received approval from the country’s energy regulator, ANRE. The investment projects associated with this plan are estimated to be around 3.2 billion euros, as stated in the company’s communication to the Bucharest Stock Exchange.

The requested amount is intended to be secured as non-reimbursable financing from the EU’s Modernization Fund. These grant applications have been submitted to Romania’s energy ministry and encompass seven non-priority projects aimed at developing various pipelines and increasing the transmission capacity of the NTS.

Through these strategic investments, Transgaz aims to bolster Romania’s role within the European and regional gas sector, thereby enhancing energy security. The company’s

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