Romania: LNG terminal on Black Sea coast in next six years, SEE Energy News
Romania will have a functional liquefied natural gas (LNG) terminal on the Black Sea coast, within the next six years, according to the new development plan of the national gas transmission system for the 2020-2029 period, developed by natural gas transmission system operator Transgaz.
The plan envisages the project for the connection of the national gas transmission system to the LNG terminal on the Black Sea coast, namely the connection of transit pipelines T1 and T2 Isaccea-Negru Voda. As there is currently no such LNG terminal on the Romanian coast, it turns out that such a facility would also be built. Also, given that it is a question of taking over gas from an LNG terminal in the national pipeline system, the plan shows the intention to build a regasification plant at the shore, to take over the liquefied gas imported from specialized vessels and to prepare it for entry into the Transgaz pipelines.
In March, Romgaz decided not to participate in the project for the construction of liquefied natural gas (LNG) terminal in Alexandroupoli in northern Greece, through the acquisition of 20 % stake in project company Gastrade. Last September, Romgaz’ shareholders approved in principle the purchase of a 20 % stake in the project. The price to be paid for the stake is around 400,000 euros, but Romgaz is also supposed to contribute 12.5 million euros for the development of the project. The LNG terminal is estimated to cost over 370 million euros, but it will be partly financed by the European Union.