GDF Suez 14MEUR investment into Bucharest gas network

25. July 2012. / SEE Energy News

French gas supplier and distributor GDF Suez Energy Romania will use EU financing worth RON 65.9 million (around EUR 14 million) to build 70,4 km of new medium pressure gas pipes in Bucharest, taking the total modernized network to 395.7 km.

Economy minister Daniel Chitoiu signed on Monday the financing contract for the project that is included in the fourth axis of the EU program that aims to increase energy efficiency and secure energy supply.

GDF Suez has 1.4 million clients across Romania, while the gas distribution arm Distrigaz Sud Retele operates a network of 17,000 km in 18 counties in Southern Romania and Bucharest.

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