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Cash will become obsolete and this will be the result of digital finance advancement»
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BRUA pipeline to operate in 2020 when Exxon, Petrom will extract Black Sea gas

The works at the BRUA (Bulgaria - Romania - Hungary - Austria) pipeline will start at the end of 2017, and the gas pipeline will become operational in 2020, when ExxonMobil and OMV Petrom will commence to extract natural gas from the Black Sea, as Energy Minister Toma Petcu told public broadcaster Radio Romania Actualitati, news agency Agerpres reports

2017-04-03 00:33:57 - From the Print Edition

"According to the calendar assumed by Transgaz (gas transport national company), the works will kick off in the fourth quarter of 2017 and it is mandatory to be ready by end of December 2019," said Petcu. "So, in 2020, the pipeline must be operational. In 2020 as well, the ones with Exxon and Petrom finish their culvert works for the Black Sea shelf gases."
The minister asked Romgaz (the biggest national producer and supplier of natural gas of Romania) to finalise feasibility studies for the tailoring of new gas deposits nearby the pipeline and elsewhere, to store the gases at a small price during the summer and export them in the winter, when the prices are higher.
The works on the BRUA interconnector will unfold in the area of 11 Romanian counties. The new pipeline will be 550 km long and will transfer a maximum 1.5 billion cubic metres / year to Bulgaria and 4.4 billion cubic metres /year to Hungary.



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