Romania: Transgaz gets 93.5 million euros financing for Black Sea gas infrastructure
31 January 2024
Transgaz, the Romanian natural gas system and transport operator, signed the 93.5 million euro financing contracts under the Modernisation Fund for two investment projects: the Black Sea – Podisor transport pipeline and the Ghercești-Jitaru pipeline.
Out of the total, 85.5 million euros is allocated for the Black Sea – Podisor pipeline and 8 million euros to the Ghercești -Jitaru transport pipeline.
The two projects contribute to ensuring energy security on a European and national level by strengthening the natural gas transport infrastructure, ensuring additional transport volumes, as well as diversifying energy sources by transporting the natural gas extracted from the Black Sea.
The Black Sea Shore – Podișor Gas pipeline is located in southeast Romania. Its route goes from southeast towards west, crossing the Romanian counties of Constanta, Calarasi and Giurgiu. Plans show it connecting with the BRUA Gas Pipeline in Podisor.
In June 2023, Transgaz awarded a construction contract for the pipeline to Türkiye-based Kalyon Insaat Sanayi Ve Ticaret, after Transgaz, OMV Petrom, and Romgaz booked capacity on the pipeline earlier that year.
Related
-
Riyadh tenders first Expo 2030 construction work
8 July 2025
-
Exxon and Chevron in talks to develop Algerian shale gas
8 July 2025
-
TotalEnergies buys stake in AES’ renewables and divests Portugal assets
6 July 2025
-
Iraq to select global operator for Faw Port’s superstructure phase
6 July 2025
-
Gamuda to develop 600MW wind and solar with BESS in Tasmania
4 July 2025
-
Hidroelectrica awards EUR 9.5 mln floating photovoltaic system in Romania
3 July 2025