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ROMGAZ, TRANSGAZ seeking efficient ways of co-op with SOCAR

Oil&Gas Materials 11 February 2021 09:55 (UTC +04:00)
ROMGAZ, TRANSGAZ seeking efficient ways of co-op with SOCAR

BAKU, Azerbaijan, Feb.11

By Leman Zeynalova – Trend:

Romania particularly appreciates the Strategic Energy Partnership with the Republic of Azerbaijan and the long and fruitful collaboration in the energy sector, as well as the active participation of Azerbaijan in joint efforts to strengthen Europe's energy security, especially through its key role in developing the Southern Gas Corridor, Romania’s Minister of Energy Virgil Daniel Popescu told Trend.

He pointed out that Romania is actively involved in the development of a modern and efficient natural gas transmission network in the region, a fact that Romania has already demonstrated by completing the first phase of the BRUA gas pipeline, the main segment of the Vertical Gas Corridor, which will connect gas transmission systems from Greece, Bulgaria, Romania, Hungary and Austria and which can take over part of the gas volumes that will be transported through the infrastructure of the Southern Corridor.

“We hope that Romania will become part of this extraordinary team that has put into practice this ambitious energy project, which has opened a new supply path for Europe.

I want also to mention that two of the most important Romanian companies in the natural gas sector, ROMGAZ SA and TRANSGAZ SA, have a very good collaboration with the Azerbaijani company SOCAR. The two Romanian companies want to expand their activity on foreign markets, to explore new opportunities and to identify optimal and efficient variants of cooperation with SOCAR company. In fact, in 2016, TRANSGAZ S.A. signed a Memorandum of Understanding with SOCAR related to the development of cooperation, including in the context of connecting the Southern Gas Corridor to the Vertical Corridor,” said Popescu.

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Follow the author on Twitter: @Lyaman_Zeyn

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