Romania: Investments of Transgaz in 2021

, SEE Energy News

Transgaz, Romanian natural gas transmission system operator plans to invest some 172 million euros for 2021 and National Regulatory Authority for Energy ANRE is currently analyzing the investment plan and is expected to approve it soon.

The statement from the regulator said that the total value of the investment plan is 172 million euros, of which 128 million euros will be provided by the operator itself, with the rest consisting of contributions from non-reimbursable funds. Of the total value of the plan, some 122 million euros represents the value of the works on the development of the national gas transport system in the northeastern part of Romania, in order to improve gas supply in that area, as well as to ensure transport capacities to neighboring Moldova, through recently commissioned interconnection. The remaining amount represents works on general development of the national transport system, which will be financed entirely from the operator’s own funds. In order to expand the national gas transport system and to make new interconnections, Transgaz has allocated funds amounting to 2.7 million euros, to which new financial resources as public administration authorities or distribution operators will request the connection to new localities will be added.