Trangaz postpones some completion deadlines

Oil&Gas Materials 25 December 2020 09:53 (UTC +04:00)
Trangaz postpones some completion deadlines

BAKU, Azerbaijan, Dec.25

By Leman Zeynalova – Trend:

There were delays in the delivery of imported materials necessary for the execution of the works, so for some objectives it was necessary to postpone the completion deadline, Romania’s Transgaz company told Trend.

However, the company said no adjustments were made to the investment plans.

As for the cooperation with Azerbaijan’s state oil company SOCAR, the company reminded that between 18 and 19 July 2016, on the occasion of the visit to Baku of a Transgaz delegation led by Ion Sterian, Director General, a Memorandum of Understanding was signed between Transgaz and SOCAR, a document that provides for the exchange of experience and a development of cooperation within projects of wide regional interest.

“The bilateral discussions continued in March 2017, in Paris, on the sidelines of an event organized by SOCAR, the management of the two companies thus having the opportunity to exchange information on the evolution of topics of mutual interest.

Furthermore, between May 30 and June 2, 2017, the partner company SOCAR invited TRANSGAZ to participate in the Caspian Oil and Gas event, organized in Baku.

At the same time, between October 12-13, 2017, the ARGUS International Summit took place in Baku, organized under the coordination of SOCAR and under the high patronage of the President of the Republic of Azerbaijan Ilhan Aliyev, in which our company was invited by SOCAR to participate as guest of honor.

These events offered the possibility of separate bilateral meetings, to deepen the discussions initiated during the preliminary meetings, based on the Memorandum of Understanding concluded in 2016.

The most recent bilateral meeting between the representatives of SNTGN Transgaz SA and those of the Azerbaijani company SOCAR, to identify opportunities for cooperation in projects of common interest for the two countries, took place on the sidelines of the "6th Ministerial Meeting of the Advisory Council of the Southern Natural Gas Corridor ”, organized in Baku, between 26-29.02.2020,” the company said.

Earlier, Niculae Havrileț, State Secretary of the Ministry for Economy, Energy and Business Environment of Romania, told Trend that for Azerbaijan’s state oil company SOCAR, Romania’s gas network operator Transgaz can provide the necessary infrastructure for the safe and efficient delivery of the gas volumes from Azerbaijan to the European market.

“I mentioned before that Romania is interested in extensive cooperation with Azerbaijan, a country with significant potential for the diversification of transport routes and energy supply sources for the European market. I mentioned the BRUA project and the RO-BG and RO-HU interconnectors. Establishing an energy transport Corridor between the Caspian Sea and the Black Sea, that would capitalize on the energy resources from the Caspian Sea area on one hand, and on the exploitation of the strategic position of Romania and Bulgaria at the Black Sea on the other hand, has a significant potential of increasing energy security both for Romania and Bulgaria and for the European Union in general,” he said.


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