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Transgaz signs Memorandum of Understanding for the Vertical Corridor

Transgaz hosted the meeting between the representatives of the gas transmission system operators in Greece - DESFA, Bulgaria - BULGARTRANSGAZ, Romania - Transgaz, Hungary - FGSZ and ICGB - company responsible for the development, building and operation of the Interconnector Greece - Bulgaria, for the conclusion of the Memorandum of Understanding for the Vertical Corridor for gas transmission in the north south direction.

2017-07-20 15:02:08

The signing of the Memorandum of Understanding defines the joint intention of the natural gas transmission operators in Hungary, Romania, Bulgaria and Greece for a more intense future cooperation on gas transmission from Greece to the transited countries and beyond - towards the EU market - via Bulgaria, Romania to Hungary, providing technical possibilities for reverse flow.

The meeting in Bucharest is particularly important for the European and regional energy cooperation, being an illustration of the active participation of Romania and the companies in the industry in the dialogues dedicated to the European strategic energy security objectives.

The Vertical Corridor for gas transmission is one of the ways for the economic strengthening and development along the North-South corridor, the Memorandum of Understanding being the result of intensive efforts in recent years for the most advantageous positioning of energy projects proposed or supported by Romanian companies on the European Union list of priority objectives and to receive European financial support.



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