SNTGN TRANSGAZ SA notifies all parties concerned that during the CEF – Energy Coordination Committee meeting held on 19.01.2016, the EU Member States approved the European Commission’s proposal to grant Euro 217 million to 15 key projects for trans-European energy infrastructures, most of them in Eastern and Central Europe, out of which 9 projects in the gas sector, following an extensive procedure for the selection of the submitted projects.
Out of this amount, the European Union allocates Euro 179.3 million for the fulfillment of the first stage of the project proposed by Transgaz which was included in the PCI List 1/2013 ″Gas pipeline from Bulgaria to Austria, via Romania and Hungary″ named: according to the Gas Transmission System Development Plan 2014 – 2023 (TYNDP) - ″The development on the Romanian territory of the Gas transmission system on the transmission corridor Bulgaria – Romania – Hungary – Austria” – (abbreviated BRUA) – first stage.
The allocation of Euro 179.3 million represents 40% of the estimated eligible amount.
This first step significantly impacts both the company and the country as the BRUA project will contribute to the integration of the European energy markets, to an increased security of gas supply to Bulgaria, Romania, Hungary and Austria, to the diversification of gas supply sources in the region by facilitating access to the Caspian gas, the LNG supply through Greece and Bulgaria and it will ensure the future regional access to the potential Black Sea gas sources. Thus, the project ensures diversification of gas supply routes and elimination of the energy isolation of some of the Member States.
Considering Transgaz major importance and complex identity at national and European level, the company’s private management, from the very beginning of their mandate, have endeavored to achieve the multiple tasks deriving from the strategic commitments under the company’s Administration plan for the period 2013-2017. Thus, by the Ten Year National Gas Transmission System Development Plan, Transgaz proposes major investment projects for the strategic and viable development of the gas transmission infrastructure in Romania and its compliance with the applicable European regulations.
The medium and long term investment program, estimated to Euro 1 billion, is a major challenge for the company and for the Romanian energy industry but at the same time it is a strategic necessity in the current geo-political context. Taking into account the importance of strategic investments for the development of the national energy sector, so as to ensure a competitive funding of its most significant projects, Transgaz dedicated a professional department to European funds accession and to international relations.
The investment projects under the company’s Ten Year National Transmission System (NTS) Development Plan, are strategic projects to be initiated and implemented only subject to additional gas volumes allowing for a potential increase in the company’s asset base without any impact on the tariffs for the consumers.
The submitted application consisting of documents which had been drawn up for over 1 year was evaluated by European experts and qualified for financing due to its quality, eligibility and scoring as compared to other projects, in full compliance with the requirements of the financer and of the European Energy strategy.
The European co - funding of the BRUA project - first stage is a success due to the professionalism of the experts of the European Funds and International Relations department and of Transgaz’ specialists who contributed with their expertise during the entire preparation process.
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