"We are readying the transport infrastructure (for the project)," the prime minister said. "Transgaz has signed the contract, with ... works set to start after a final investment decision is made." ($1 = 0.9446 euros) (Reporting by Luiza Ilie;)
BUCHAREST, March 16 (Reuters) - Romania's gas pipeline
operator Transgaz will build a new pipeline worth an
estimated 500 million euros ($529.30 million) meant to bring
offshore Black Sea gas to the national grid once the two gas
producers make a final investment decision, Prime Minister
Nicolae Ciuca said on Thursday.
Romanian oil and gas group OMV Petrom , majority
controlled by Austria's OMV and state-owned Romgaz are expected to make a final decision to invest in a
long-awaited offshore project by mid-2023. The project is
estimated to cost 4 billion euros and produce at least 6 billion
cubic metres of gas per year.
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