Romania, Transgaz has completed the environmental assessment procedure

, SEE Energy News

Romanian natural gas transmission system operator Transgaz has completed the environmental assessment procedure for its Development Plan of the National Natural Gas Transmission System for the 2021 – 2030 period.

The statement from the company said that the successful completion of the Strategic Environmental Assessment creates the necessary premises for accelerating the ambitious investment program of the company, while ensuring a high level of environmental protection, compliance with environmental and social standards.

The implementation of the Strategic Environmental Assessment was facilitated by the European Investment Bank under an agreement on the provision of advisory services through the European Investment Advisory Hub (EIAH). The EIAH is a partnership between the EIB Group and the European Commission as part of the Europe Investment Plan. It is designed to act as a single point of access to a comprehensive range of consulting and technical assistance services for the identification, preparation and development of investment projects throughout the European Union and supports project promoters, both public and private.

EIB Vice President Christian Kettel Thomsen said that climate action is one of the bank’s main objectives, which is pursued by financing investments that mitigate climate change and also by providing consulting services to companies wishing to improve their carbon footprint. Transgaz’ support for conducting a strategic environmental assessment is based on an existing business relationship and aims to accelerate Transgaz’ transition to a business model that is compatible with a carbon-neutral economy.

Transgaz’ CEO Ion Sterian stressed that the successful completion of the Strategic Environmental Assessment confirms the company’s commitment to meeting the highest environmental and social standards in order to make investments for the development of the Romanian gas transmission system. He said that Transgaz wants to expand the cooperation with the EIB, as the European Climate Bank and one of the world’s leading financiers of climate action, so as to facilitate the transition to climate-neutral activity.