BAKU, Azerbaijan, Sept.2
By Leman Zeynalova – Trend:
Moldova may get access to Azerbaijani gas via the Trans Adriatic Pipeline (TAP) project by connecting to it through the Ungheni-Chisinau gas pipeline, according to Alain Pilloux, European Bank for Reconstruction and Development Vice President, Trend reports
“This connection will enhance Moldova's energy security by diversifying its gas supply sources, a prerequisite for the country's successful development. The project also helps integrate Moldova into future major gas infrastructure projects such as the Trans Adriatic Pipeline and gas sources from central European hubs, and links it with Black Sea gas deposits. Greater integration will deliver economic benefits for consumers,” said Pilloux.
EBRD is strengthening Moldova’s energy security with the acquisition of a 25 percent stake in Vestmoldtransgaz, the gas transmission company that is operating the newly built Ungheni-Chisinau gas pipeline.
The EBRD has invested €20 million as part of a capital increase in Vestmoldtransgaz.
The 120 km Ungheni-Chisinau gas pipeline will soon become operational and complete the connection of the gas transmission systems of Romania and Moldova by linking the capital Chisinau to the Iasi-Ungheni interconnector between the eastern Romanian city of Iasi and Ungheni, a Moldovan town on the Romanian border.
The Ungheni-Chisinau gas pipeline will enable Moldova – a country more than 90 per cent dependent on energy imports – to diversify its energy sources.
The construction of the €90 million pipeline has also been supported by a €38 million loan from the European Investment Bank (EIB) and an equity investment from Eurotransgaz.
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